Common use of Current Compensation Clause in Contracts

Current Compensation. Current Compensation" shall mean an amount equal to the greater of (i) the Employee's base salary and bonus earned in the fiscal year immediately preceding the current fiscal year; or

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Ax Acquisition Corp), Merger Agreement (Dh Technology Inc), Employment Agreement (Dh Technology Inc)

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Current Compensation. Current Compensation" shall mean an amount equal to the greater of (i) the Employee's base salary and bonus Base Compensation earned in the fiscal year immediately preceding the current fiscal year of Employee's termination; or (ii) Employee's Base Compensation for the fiscal year of Employee's termination, including 100% of any bonus which the Employee could have earned during such fiscal year; or, assuming the achievement of all relevant Employee and Company goals, milestones and performance criteria.

Appears in 2 contracts

Samples: Vp Continuity Agreement (Arthrocare Corp), Ceo Continuity Agreement (Arthrocare Corp)

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