ANNUAL DIRECT SALARY. The Executive’s annualized base salary based on the highest base salary rate in effect for any pay period ending with or within the thirty-six (36) consecutive calendar month period ending on or immediately before the date on which it is being calculated, multiplied by twelve (12). Annual Direct Salary will be determined without including any employee or fringe benefits, bonuses, incentives or other compensation (other than base salary) paid or earned during the calculation period.
Appears in 7 contracts
Samples: Change of Control Agreement (Sb Financial Group, Inc.), Employment Agreement (Sb Financial Group, Inc.), Supplemental Executive Retirement Plan Agreement (Sb Financial Group, Inc.)
ANNUAL DIRECT SALARY. The Executive’s annualized base salary based on the highest base salary rate in effect for any pay period ending with or within the thirty-six (36) 36 consecutive calendar month period ending on or immediately before the date on which it is being calculated, multiplied by twelve (12). Annual Direct Salary will be determined without including any employee or fringe benefits, bonuses, incentives or other compensation (other than base salary) paid or earned during the calculation period.
Appears in 4 contracts
Samples: Change of Control Agreement (Sb Financial Group, Inc.), Supplemental Executive Retirement Plan Agreement (Sb Financial Group, Inc.), Change of Control Agreement (Sb Financial Group, Inc.)
ANNUAL DIRECT SALARY. The Executive’s annualized base salary based on the highest base salary rate in effect for any pay period ending with or within the thirty-six (36) consecutive calendar month period ending on or immediately before the date on which it is being calculated, multiplied by twelve (12). Annual Direct Salary will be determined without including any employee or fringe benefits, bonuses, incentives or other compensation (other than base salary) paid or earned during the calculation period.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Rurbanc Data Services Inc)
ANNUAL DIRECT SALARY. The Executive’s annualized base salary based on the highest annual base salary rate in effect for any pay period ending with or within the thirty-six preceding twenty (3620) consecutive calendar month period Years of Service ending on or immediately before the date on which it is being calculated, multiplied by twelve (12). Annual Direct Salary will be determined without including any employee or fringe benefits, bonuses, incentives or other compensation (other than base salary) paid or earned during the calculation period.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Sb Financial Group, Inc.)
