Covered Compensation. Covered Compensation," for any calendar year, shall mean an amount equal to the sum of (i) Executive's Base Salary for the calendar year (disregarding any decreases made effective during the Employment Period), (ii) the cash bonus actually earned by Executive with respect to such calendar year, and (iii) the value of all stock and other equity-based compensation awards made to Executive during such calendar year. Covered Compensation shall be calculated according to the following rules:
Appears in 9 contracts
Samples: Employment Agreement (Avalon Bay Communities Inc), Employment Agreement (Bay Apartment Communities Inc), Employment Agreement (Bay Apartment Communities Inc)
Covered Compensation. Covered Compensation," for any calendar year, shall mean an amount equal to the sum of (i) Executive's Base Salary for the calendar year (disregarding any decreases made effective during the Employment Period), (ii) the cash bonus actually earned by paid to Executive with respect to such calendar year, and (iii) the value of all stock and other equity-based compensation awards made to Executive during such calendar year. Covered Compensation shall be calculated according to the following rules:
Appears in 4 contracts
Samples: Employment Agreement (Avalon Properties Inc), Employment Agreement (Avalon Properties Inc), Employment Agreement (Avalon Properties Inc)
Covered Compensation. Covered Compensation," for any calendar year, shall mean an amount equal to the sum of (i) Executive's Base Salary for the calendar year (disregarding any decreases made effective during the Employment Period), (ii) the cash bonus actually earned by paid to Executive with respect to such calendar year, and (iii) the value of all stock and other equity-based compensation awards made to Executive during such calendar year. Covered Compensation shall be calculated according to the following rules:.
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