Common use of Current Compensation Package Clause in Contracts

Current Compensation Package. The term "Current Compensation Package" ---------------------------- for purposes of this Agreement shall mean: (a) Executive's annual salary from Weeks and any Weeks Affiliate (including any deferrals of such annual salary) as in effect on the date his employment with Weeks or a Weeks Affiliate terminates or on any date in the twenty-four (24) month period ending on such date, whichever is greater; and (b) the (i) highest average total annual cash bonus paid to Executive by Weeks and any Weeks Affiliate in any three (3) calendar years (A) in the five (5) calendar year period which includes the date his employment with Weeks or a Weeks Affiliate terminates or, if no bonus has been paid before his employment terminates in such calendar year, (B) in the five (5) calendar year period immediately preceding the calendar year in which his employment with Weeks or a Weeks Affiliate terminates or (ii) the average total annual cash bonus that Executive has been paid each calendar year by Weeks and any Weeks Affiliate if Executive has been paid bonuses in less than three (3) calendar years; and (c) the monthly family coverage premium Weeks charges for health care continuation coverage under Section 602 of the Employee Retirement Income Security Act of 1974, as amended, as of the date Executive's employment with Weeks or a Weeks Affiliate terminates multiplied by twelve (12).