Common use of Total Compensation Clause in Contracts

Total Compensation. As used herein, the term Total Compensation shall refer to the aggregate total of: (i) the Employee’s Base Salary at the time the Employee’s employment terminates, (ii) the greater of the Employee’s annual bonus for the fiscal year immediately preceding the fiscal year in which Employee’s employment terminates or the average of the annual bonus for the prior five fiscal years preceding termination, and (iii) the amount the Company contributes towards Employee’s health and dental insurance on a monthly basis as of the time the Employee’s employment terminates.

Appears in 10 contracts

Samples: Employment Agreement (SCBT Financial Corp), Employment Agreement (SCBT Financial Corp), Employment and Non Competition Agreement (SCBT Financial Corp)

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Total Compensation. As used herein, the term Total Compensation shall refer to the aggregate total of: (i) the Employee’s Base Salary at the time the Employee’s employment terminates, (ii) the greater of the Employee’s annual bonus for the fiscal year immediately preceding the fiscal year in which Employee’s employment terminates or of the average of the annual bonus for the prior five fiscal years preceding termination, and (iii) the amount the Company contributes towards Employee’s health and dental insurance on a monthly basis as of the time the Employee’s employment terminates.

Appears in 2 contracts

Samples: Employment Agreement (SCBT Financial Corp), Employment Agreement (SCBT Financial Corp)

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Total Compensation. As used herein, the term Total Compensation shall refer to the aggregate total of: (i) the Employee’s 's Base Salary at the time the Employee’s 's employment terminates, (ii) the greater of the Employee’s 's annual bonus for the fiscal year immediately preceding the fiscal year in which Employee’s 's employment terminates or the average of the annual bonus for the prior five fiscal years preceding termination, and (iii) the amount the Company contributes towards Employee’s 's health and dental insurance on a monthly basis as of the time the Employee’s 's employment terminates.

Appears in 2 contracts

Samples: Employment Agreement (SOUTH STATE Corp), Employment Agreement (SOUTH STATE Corp)

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