Common use of Highest Average Compensation Clause in Contracts

Highest Average Compensation. Average Compensation for the three consecutive Years of Service with the Employer that produce the highest average. For this purpose, a Year of Service means the calendar year.

Appears in 2 contracts

Samples: 401(k) Profit Sharing Plan Agreement (C Cube Microsystems Inc), Trust and Custodial Agreement (Hs Resources Inc)

AutoNDA by SimpleDocs

Highest Average Compensation. Average The average Compensation for the three consecutive Years of Service with the Employer that produce produces the highest average. For this purpose, a A Year of Service means is the calendar year12-consecutive month period defined in Section 16.03.

Appears in 2 contracts

Samples: Trust Agreement (Consumers Water Co), Trust Agreement (Philadelphia Suburban Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!