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, vested amounts allocated to the Executive under the 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 the Executive’s Date of Termination.
Appears in 6 contracts
Samples: Employment Agreement (CFS Bancorp Inc), Employment Agreement (CFS Bancorp Inc), Employment Agreement (CFS Bancorp Inc)
