Current Compensation. Current Compensation" shall mean an amount equal to the greater of (A) Employee's highest annual base salary for the year preceding the year in which the termination occurs, or (B) Employee's annual base salary at any time during the year in which the termination occurs.
Appears in 5 contracts
Samples: Employment Agreement (Visual Numerics Inc), Employment Agreement (Visual Numerics Inc), Employment Agreement (Visual Numerics Inc)
Current Compensation. Current Compensation" shall mean (i) an amount equal to the greater of (A) EmployeeConsultant's highest annual base salary compensation for the year preceding the year in which the termination occurs, or (B) EmployeeConsultant's annual base salary compensation at any time during the year in which the termination occurs.
Appears in 1 contract
Current Compensation. Current Compensation" shall mean (i) an amount equal to the greater of (A) EmployeeExecutive's highest annual base salary for the year preceding the year in which the a termination occurs, of employment occurs or (B) EmployeeExecutive's annual base salary at any time during the year in which a termination of employment occurs, plus (ii) an amount equal to the greater of the bonus payments Executive received in the preceding calendar year or the target bonus payment for the year in which a termination of employment occurs.
Appears in 1 contract
Samples: Peter Cartwright Employment Agreement (Calpine Corp)
