Annual Compensation. The Executive’s “Annual Compensation” for purposes of this Agreement shall be deemed to mean the average annual Compensation paid to the Executive by the Companies during the five most recent taxable years ending prior to the date of termination.
Appears in 7 contracts
Samples: Employment Agreement (Premier Financial Corp), Employment Agreement (First Defiance Financial Corp), Employment Agreement (First Defiance Financial Corp)
Annual Compensation. The Executive’s “'s "Annual Compensation” " for purposes of this Agreement shall be deemed to mean the average annual Compensation paid to the Executive by the Companies during the five most recent taxable years ending prior to the date of termination.
Appears in 5 contracts
Samples: Employment Agreement (First Defiance Financial Corp), Employment Agreement (First Defiance Financial Corp), Employment Agreement (First Defiance Financial Corp)
Annual Compensation. The Executive’s “'s "Annual Compensation” " for purposes of this Agreement shall be deemed to mean the average aggregate annual Compensation compensation paid to the Executive by and includible in the Companies Executive's gross income for federal income tax purposes during the five most recent taxable calendar years ending prior to preceding the date year in which the Date of terminationTermination occurs.
Appears in 1 contract
Samples: Employment Agreement (Harleysville Savings Financial Corp)
Annual Compensation. The Executive’s “'s "Annual Compensation” " for purposes of this Agreement shall be deemed to mean the average aggregate annual Compensation compensation paid to the Executive by and includible in the Companies Executive's gross income for federal income tax purposes during the five most recent taxable calendar years ending prior to preceding the year in which the date of terminationtermination occurs.
Appears in 1 contract
Samples: Employment Agreement (Harleysville Savings Financial Corp)
Annual Compensation. The Executive’s “'s "Annual Compensation” " for purposes of this Agreement shall be deemed to mean the average annual Compensation paid to the Executive by the Companies during the five most recent taxable years ending prior to the date Date of terminationTermination, or such fewer number of years as the Executive shall have been employed by the Companies prior to the Date of Termination.
Appears in 1 contract
Samples: Employment Agreement (First Defiance Financial Corp)
Annual Compensation. The Executive’s “'s "Annual Compensation” " for purposes of this Agreement shall be deemed to mean the average annual Compensation paid to the Executive by the Companies during the five most recent taxable years ending prior to during the date calendar year in which the Notice of termination.Termination occurs or such portion of such period in which the Executive served as Sr. Vice President and Treasurer, C.F.O.
Appears in 1 contract
