Final Average Compensation. (Offset plans only) A Participant's Final Average Compensation is the average of the Participant's annual Compensation, as defined in Section VI above, from the Employer for the three-consecutive year period ending with or within the Plan Year. If a Participant's entire period of employment with the Employer is less than three consecutive years, Compensation is averaged on an annual basis over the Participant's entire period of employment. Compensation for any year in excess of the Taxable Wage Base in effect at the beginning of such year will not be taken into account. Covered compensation will be determined based on the following year:
Appears in 10 contracts
Samples: Adoption Agreement Dreyfus Standardized (Dreyfus Strategic Investing), Adoption Agreement Dreyfus Standardized (Dreyfus Growth Opportunity Fund Inc), Adoption Agreement Dreyfus Standardized (Dreyfus Money Market Instruments Inc)
