Actual Base Salary definition

Actual Base Salary means the base salary you actually received during the applicable performance period calculated as of the last day of the applicable performance period, (i) including any amounts deferred pursuant to an election under any 401(k) plan, pre-tax premium plan, deferred compensation plan, or flexible spending account sponsored by the Company or any Subsidiary, and any overtime paid to you as an offshore employee required by your standard work schedule, but (ii) excluding any incentive compensation, employee benefit, or other benefit paid or provided under any incentive, bonus or employee benefit plan sponsored by the Company or any Subsidiary, all overtime paid other than as specified in (i) above and/or any excellence award, gains upon stock option exercises, restricted stock grants or vesting, moving or travel expense reimbursement, sign on bonus, imputed income, or tax gross-ups, without regard to whether the payment or gain is taxable income to you. By way of example only, the Performance Vesting Requirement adjustment described above will operate as follows: if you are granted 1,000 Restricted Stock Units subject to a Performance Vesting Requirement on the Date of Grant, and the level of achievement of the Performance Goals during the applicable performance period is reached at a level the Company has designated as a 75% achievement level, it will only be possible for you to vest in 750 Restricted Stock Units on the Vesting Date and the remaining 250 Restricted Stock Units shall be forfeited as of the end of the performance period. In addition, to the extent you were on unpaid leave and/or were not actively employed during any part of the applicable performance period, the number of such Restricted Stock Units shall be further adjusted as described in the first paragraph of Section 3(b) to the extent your Actual Base Salary for the applicable performance period is less than your Base Salary for such performance period. As noted in the first paragraph of Section 3(b), the Committee has the right to further reduce or eliminate the number of Restricted Stock Units granted to you for any reason regardless of the satisfaction of the Performance Vesting Requirement and the applicable level of achievement attained in connection therewith. Following the satisfaction of the Performance Vesting Requirement and the adjustments herein provided but prior to the Vesting Date, you will be then eligible to receive Dividend Equivalents with respect to the adjusted Restrict...
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Actual Base Salary means the total base salary paid to the Plan Participant during the Plan Year.
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Actual Base Salary means the actual base salary amounts paid by the Company to Executive during any full calendar year in the Employment Period, as determined (a) at the end of any calendar year, by aggregating all Guaranteed Base Salary and, to the extent paid, Additional Base Salary payments made at the end of any calendar year or, (b) during any calendar year, by aggregating all Guaranteed Base Salary and, to the extent paid, Additional Base Salary payments made through the date of determination (the “Aggregated Base Salary”) and dividing the Aggregated Base Salary by the number of full calendar months that have elapsed since the beginning of such calendar year through the date of determination (the “Average Monthly Base Salary”) and multiplying the Average Monthly Base Salary by 12, and rounding to the closest ‎whole dollar amount.‎ The Guaranteed Base Salary and, to the extent paid, any amount of Additional Base Salary, shall be ‎payable in conformity with the Company’s customary payroll ‎practices for similarly situated employees as may exist from time to time, but no less frequently ‎than monthly. In the event this Agreement commences or terminates other than on the first or last day of ‎a calendar month, the Guaranteed Base Salary and, to the extent paid, any amount of Additional Base Salary shall be prorated for that partial month based upon the number ‎of days in such month that this Agreement was in effect. ‎
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Examples of Actual Base Salary in a sentence

  • Each individual award payout is calculated using a percent of total Actual Base Salary for the current Plan Year.

  • Threshold, target, and maximum award levels, expressed as a percent of Actual Base Salary, have been set for each eligible position at competitive levels.

  • Award levels are pre-established for each Plan Participant and are designated as a percentage of Actual Base Salary.

  • Award levels are pre-established for each Plan Participant and are designated as a percentage of the Plan Participant’s Actual Base Salary.

  • Threshold, target, and maximum award levels, expressed as a percent of the Plan Participant’s Actual Base Salary, will be established for each eligible Plan Participant.

  • Award levels pre-established for each Plan Participant and are designated as a percentage of Actual Base Salary.

  • Transfers, Promotions or Demotions: Individuals transferred, promoted or demoted during the calendar year shall have incentive opportunity as follows: Calculation Based on Actual Base Salary --------------------------------------- Old Opp.

  • Each individual award payout is calculated using a percent of the Plan Participant’s Actual Base Salary for the Plan Year with respect to which the incentive bonus is to be determined.

  • Actual Base Salary Employee's actual base salary as of the January 1 of ------------------ the calendar year for which bonus is calculated.

  • Executive’s target annual bonus will be 100% of Executive’s Actual Base Salary for the applicable Bonus Year, but the actual amount of the Annual Bonus will be determined in the discretion of the Board (or a committee thereof) depending on both Company and Executive performance.


More Definitions of Actual Base Salary

Actual Base Salary means the annual rate of base salary payable to the Plan Participant as of the end of the Plan Year to which the annual incentive relates or, if earlier, at the time of the Plan Participant’s Termination of Employment.
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Actual Base Salary means the actual base salary amounts paid by the Company to Executive during any full calendar year in the Employment Period, as determined (a) at the end of any calendar year, by aggregating all Guaranteed Base Salary or, (b) during any calendar year, by aggregating all Guaranteed Base Salary payments made through the date of determination (the “Aggregated Base Salary”) and dividing the Aggregated Base Salary by the number of full calendar months that have elapsed since the beginning of such calendar year through the date of determination (the “Average Monthly Base Salary”) and multiplying the Average Monthly Base Salary by 12, and rounding to the closest ‎whole dollar amount.‎ The Guaranteed Base Salary, shall be ‎payable in conformity with the Company’s customary payroll ‎practices for similarly situated employees as may exist from time to time, but no less frequently ‎than monthly. In the event this Agreement commences or terminates other than on the first or last day of ‎a calendar month, the Guaranteed Base Salary shall be prorated for that partial month based upon the number ‎of days in such month that this Agreement was in effect. ‎
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Related to Actual Base Salary

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Annual Salary means the salary given under this Part.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Salary as defined in Section 3.1(a).

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Annual Compensation means an amount equal to the greater of:

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Final Salary means the average annual salary for service for which

  • Annualized means (i) with respect to the end of the first Fiscal Quarter of the Borrower ending after the Closing Date, the applicable amount for such Fiscal Quarter multiplied by four, (ii) with respect to the second Fiscal Quarter of the Borrower ending after the Closing Date, the applicable amount for such Fiscal Quarter and the immediately preceding Fiscal Quarter multiplied by two, and (iii) with respect to the third Fiscal Quarter of the Borrower ending after the Closing Date, the applicable amount for such Fiscal Quarter and the immediately preceding two Fiscal Quarters multiplied by one and one-third.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • Final average salary means whichever of the following is greater:

  • Current Annual Compensation means the greater of:

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).