Average Monthly Compensation Sample Clauses

Average Monthly Compensation. Is based upon the Compensation which yields the highest average received during:
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Average Monthly Compensation. Average Monthly Compensation" means, ---------------------------- with respect to any Participant and as of any date of reference (the "Determination Date"), the quotient obtained by dividing (a) the highest aggregate amount of Compensation earned by such Participant during any consecutive 36-month period prior to (or ending on) such Determination Date, by (b) a factor of 36. Notwithstanding the preceding sentence, in the case of a Participant who, as of any applicable Determination Date, has not been employed by one or more Covered Employers during at least the consecutive 36-month period ending on such Determination Date, such participant's Average Monthly Compensation as of such Determination Date shall be the quotient obtained by dividing (i) the total amount of Compensation earned by such Participant prior to (and including) such Determination Date, by (ii) a factor equal to the number of months prior to (and including) such Determination Date during which such Participant was employed by a Covered Employer.
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Average Monthly Compensation. [X] Number of consecutive months to use in the calculation: sixty (60) [X] Maximum number of most recent consecutive months to consider for the calculation: one hundred twenty (120) (not less than number above)
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Average Monthly Compensation. The considered period for purposes of the definition of “Average Monthly Compensation” in Section 2.1 of the Plan is: [ ] sixty (60) consecutive months. [ ] thirty-six (36) consecutive months.
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Average Monthly Compensation. [ ] sixty (60) consecutive months. [ ] thirty-six (36) consecutive months.
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Average Monthly Compensation one-sixtieth (1/60th) of the total dollar amount of Compensation attributable to the sixty (60) consecutive calendar months ending immediately before XXXXXXX X. XXXXXXX'X Termination of Employment subject, however, to the following:
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Average Monthly Compensation. The considered period for purposes of the definition of “Average Monthly Compensation” in Section 2.1 of The Oklahoma Municipal Retirement Fund Master Defined benefit Plan is: [ ] sixty (60) consecutive months. [ ] thirty-six (36) consecutive months.
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Related to Average Monthly Compensation

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

  • Limitation Year The Limitation Year is: (Choose (c) or (d)) [ x ] (c) The Plan Year. [ ] (d) The 12 consecutive month period ending every _____.

  • Excess Compensation For purposes of Option (f), (g) or (h), "Excess Compensation" means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

  • VALUE OF PARTICIPANT'S ACCRUED BENEFIT If a distribution (other than a distribution from a segregated Account) occurs more than 90 days after the most recent valuation date, the distribution will include interest at: (Choose (a), (b) or (c))

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