Common use of Average Annual Compensation Clause in Contracts

Average Annual Compensation. The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average Base Salary, cash bonuses and amounts allocated to the Executive under any qualified employee benefit plans of the Employers for the preceding three years.

Average Annual Compensation. The Executive's "’s “Average Annual Compensation" ” for purposes of this Agreement shall be deemed to mean the average Base Salary, cash bonuses and bonuses, vested amounts allocated to the Executive under any qualified employee benefit plans of the Employers ESOP and the Corporation’s vested matching contributions made to the Executive’s account under the Corporation’s 401(k) plan for the three fiscal years preceding three yearsthe Executive’s Date of Termination.