Adjusted Base Salary definition

Adjusted Base Salary means the greater of your base salary in effect immediately prior to (i) the Change of Control Date or (ii) the Date of Termination.

Adjusted Base Salary means ninety percent (90%) of the annual salary job value for the pay grade of Executive and other remuneration for current services (but excluding all bonuses, stock based awards and other incentive compensation) paid to or for the benefit of Executive.

Adjusted Base Salary means the highest amount of Base Salary paid to the Executive during employment with the Bank.

Examples of Adjusted Base Salary in a sentence

• The Base Salary, as redetermined, may be referred to herein as "Adjusted Base Salary." The Base Salary or Adjusted Base Salary shall be payable in substantially equal bi-weekly installments and shall in no way limit or reduce the obligations of the Company hereunder.

• The Company shall pay the premiums on, and maintain in effect through the Period of Employment, long-term disability insurance providing for payment of benefits at rates not less than sixty percent (60%) of Executive's current Base Salary or Adjusted Base Salary.

• The Company shall pay the premiums on, and maintain in effect throughout the Period of Employment, a life insurance policy on the life of Executive in an amount not less than the amount of Executive's then current Base Salary or Adjusted Base Salary.

• In addition to Base Salary or Adjusted Base Salary, Executive shall be eligible to receive cash incentive compensation as determined by the Board from time to time, and shall also be eligible to participate in such incentive compensation plans as the Board shall determine from time to time for employees of the same status within the hierarchy of the Company.

• For purposes of this Agreement, "Average Base Salary" shall mean the average of the annual Base Salary or, if applicable, Adjusted Base Salary received by Executive for each of the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company.

More Definitions of Adjusted Base Salary

Adjusted Base Salary shall have the meaning specified in Section 3.1.

Adjusted Base Salary means the total of base

Adjusted Base Salary means the total of base salary plus marketplace premium, foreign service premium, or professional premium. If an employee is not entitled to any of these premiums, his adjusted base salary means his base salary.

Adjusted Base Salary means the Executive’s then-current Base Salary less $100,000.

Adjusted Base Salary means and refer to the sum of Employee's Base Salary and Ten Thousand and No/100 ($10,000.00) Dollars (such Ten Thousand and No/100 ($10,000.00) Dollars, together with interest accrued thereon as hereinafter provided, is hereinafter referred to as the "Salary Deferred Compensation Credit"). Employee's Salary Deferred Compensation Credit shall not be paid to Employee but such amount shall instead be deferred and credited to Employee's Account (as defined in Section 12(a) of the Employment Agreement) as deferred compensation in accordance with Section 12 of the Employment Agreement. In the event of termination of Employee's employment under the Employment Agreement during any Term Year due to (a) termination by the Company without cause as a result of Employee's position being eliminated or combined with another position (as determined by the Company in its sole discretion), or (b) Employee's death, Disability or Retirement (as such terms are defined in the Employment Agreement), a prorated portion of the Salary Deferred Compensation Credit shall be credited to Employee's Account in respect of the month in which such termination occurs based upon the ratio of the number of days in such month that Employee was an Employee of the Company to the total number of calendar days in such month and no further credit shall be made for any subsequent period. In the event of termination of Employee's employment under the Employment Agreement for any reason other than as set forth in the immediately preceding sentence, no portion of the Salary Deferred Compensation Credit shall be credited to Employee's Account in respect of the month in which such termination occurs or any subsequent period, and the amount that would have otherwise been credited to Employee's Account pursuant to the immediately preceding sentence in respect of the month in which such termination occurs will instead be paid to Employee as additional Base Salary.

Adjusted Base Salary means ninety percent (90%) of the annual salary job value for the pay grade of Executive and other remuneration for

Adjusted Base Salary shall be equal to the Executive’s Base Salary in effect on the Severance Date, adjusted to eliminate the effect of any reduction of Base Salary (i) pursuant to clause (x) of Section 3.1 or (ii) that was the grounds used for an actual termination for Good Reason.