Covered Average Compensation. Covered Average Compensation" shall mean the sum of Executive's Covered Compensation as calculated for the calendar year in which the Date of Termination occurs and for each of the two preceding calendar years, divided by three.
Appears in 12 contracts
Samples: Employment Agreement (Avalon Properties Inc), Employment Agreement (Avalonbay Communities Inc), Employment Agreement (Avalonbay Communities Inc)
Covered Average Compensation. “Covered Average Compensation" ” shall mean the sum of Executive's ’s Covered Compensation as calculated for the calendar year in which the Date of Termination occurs and for each of the two (2) preceding calendar years, divided by threethree (3).
Appears in 2 contracts
Samples: Employment Agreement (IMH Financial Corp), Employment Agreement (IMH Financial Corp)
