Common use of Average Compensation Clause in Contracts

Average Compensation. The average of a Participant’s annual Included Compensation during the Averaging Period, as designated in Part 3, #11 of the Agreement. If no modifications are made to the definition of Average Compensation under Part 3, #11, Average Compensation is the average of the Participant’s annual Included Compensation for the three (3) consecutive Plan Years during the Participant’s entire employment history which produce the highest average.

Average Compensation. The average of a Participant’s annual Included Compensation during the Averaging Period, as Period designated in under Part 3, #11 of the target benefit plan Agreement. If no modifications are made to the See Section 2.5(d)(1) for a complete definition of Average Compensation under Part 3, #11, Average Compensation is the average of the Participant’s annual Included Compensation for the three (3) consecutive Plan Years during the Participant’s entire employment history which produce the highest averageCompensation.