Aggregate annual compensation definition

Aggregate annual compensation means the sum of all compensation, as defined in section 104(1), paid annually to active members.
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Aggregate annual compensation means, for any fiscal year, the Aggregate Annual Cash Compensation plus any noncash compensation, paid or credited to Director during the fiscal year for Director Services, including without limitation the value, on the later of the date of grant or vesting of any stock option or other nonmonetary grants or any other deferred compensation granted during such fiscal year, as well as the cash amount of any premiums paid by the Company for health insurance, HMO or other similar medical benefits (but not any disability plans or benefits) for the Director.
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Aggregate annual compensation means the sum of (A) and (B) below:
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Examples of Aggregate annual compensation in a sentence

  • Aggregate annual compensation per member shall not exceed $500.00.SECOND REGULAR SESSION, MARCH 1994 (Intro.

  • Aggregate annual compensation is equal to the sum of (i) the amount of all cash fees paid to (or deferred to a later tax year by) a Non-Employee Director during a calendar year and (ii) the grant date fair value (as determined under applicable accounting standards) of all Stock-based Awards granted to a Non-Employee Director during a calendar year.


More Definitions of Aggregate annual compensation

Aggregate annual compensation means the sum of (i) and (ii) below: (i) The Employee’s annual base salary rate in effect on the date immediately prior to the Employee’s Date of Termination, or any greater annual base salary rate applicable to the Employee during the two-year period prior to the Date of Termination. (ii) An amount equal to the largest annual bonus paid or payable to the Employee for the three consecutive years prior to the year in which the Employee’s Date of Termination occurs (or, if fewer than three, for the years in which the Employee is employed). Determinations under this paragraph (c) shall be subject to the following: (I) If any portion of the Employee’s salary has been reduced to reflect elective deferrals of amounts that would otherwise be included in salary in the absence of such deferral, those deferred amounts shall be included in the determination of the Employee’s salary at the time they would have been paid in the absence of such deferral. Conversely, such amounts shall not be included in the Employee’s salary when they are paid at the end of the deferral period. (II) A bonus is deemed paid for a year if it is earned as a result of services that are performed by the Employee in that year. If any portion of the Employee’s bonus has been reduced to reflect elective deferrals of amounts that would otherwise be included in bonus in the absence of such deferral, those deferred amounts shall be included in the determination of the Employee’s bonus without regard to such deferral. Conversely, such amounts shall not be included in the Employee’s bonus when they are paid at the end of the deferral period. (III) The determination of the bonus amount paid or payable to the Employee for any year shall be annualized if the Employee is not employed by the Company or an Affiliate for the entire year. (IV) If the Employee’s Date of Termination occurs within the period beginning on a Change of Control Date and ending on the last day of the 24th calendar month following the calendar month in which the Change of Control Date occurs, then the amount determined in accordance with paragraph (ii) above shall be not less than the largest of the annual bonus amounts paid or payable to the Employee for the three consecutive years prior to the year in which the Change of Control Date occurs (or, if fewer than three, for the years in which the Employee is employed). (V) For the avoidance of doubt, it is recited here that “Aggregate Annual Compensation” will not include the following...
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Aggregate annual compensation means the Executive's base salary plus any bonuses earned for the year in question pursuant to Company short-term or long-term bonus incentive programs. In addition, for two (2) years after the date of termination, the Company will maintain for the Executive's benefit the same or substantially equivalent health, disability and life insurance coverage as were applicable to the Executive and his eligible dependents prior to the date of termination. Following such two (2) year period, the Company shall provide to the Executive and his eligible dependents the retiree group health insurance coverage that is otherwise available to retirees of the Company, at a cost to the Executive at the time coverage is provided that is no greater than the cost to a retiree at that time with the same years of service as the Executive; provided, however, that if the Executive was not eligible for early retirement under the Company's qualified defined benefit pension plan at the time of his termination of employment, such retiree coverage shall not commence until the later of the Executive's attainment of age 55 or two (2) years after his date of termination.
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Aggregate annual compensation shall be calculated as the sum of the following: (A) 100% of Executive’s Annual Base Salary, plus (B) 100% of Executive’s annual bonus target amount for the year in which such termination occurs (or, if annual bonuses have not yet been paid for the prior year, the target amount of such prior year annual bonus), plus (C) 100% of the annual amount paid to Executive by Spark Networks SE for serving as a managing director of Spark Networks SE, plus (D) the 2 sf-3951095
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Aggregate annual compensation excludes the value of any equity in Spark Networks SE held by Executive at the time of the termination of employment.
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Related to Aggregate annual compensation

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Contractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Final compensation of a member means:

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Average final compensation means the average annual creditable compensation of a member during

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Basic Compensation means Salary and Benefits.

  • Eligible Compensation means (i) for eligible exempt employees, such employee’s base salary at the time the Bonus or Spot Bonus is determined (prorated for time in an eligible position), and (ii) for eligible non-exempt and non-union hourly employees, such employees’ eligible wages for the applicable year as determined by the Company to be required by law.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • 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 (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.

  • 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.

  • 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.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).