Annual Base Pay definition

Annual Base Pay means Executive’s annual base pay at the rate in effect during the last regularly scheduled payroll period immediately preceding (i) the Change in Control or (ii) the Covered Termination, whichever is greater.

Annual Base Pay means, as it relates to any Executive, such Executive’s gross annual base salary as reflected in the Company’s records and as in effect immediately prior to the Qualifying Termination.

Annual Base Pay means an amount equal to the greatest of (i) your annual fixed or base compensation as in effect immediately prior to a Change in Control, (ii) your annual fixed or base compensation as in effect immediately prior to commencement by Emulex or the Company of substantive discussions with any third party that results in a Change in Control in which such third party has a significant involvement within one year after commencement of such discussions, and (iii) your annual fixed or base compensation as in effect immediately prior to the Termination Date.

Examples of Annual Base Pay in a sentence

• An employee may elect coverage for a spouse at coverage levels equal to one (1x), two (2x), or three (3x) times employee’s Annual Base Pay.

• Employees may elect coverage options of one (1x) times up to eight (8x) times Annual Base Pay.

• In addition, within thirty (30) days following a Covered Termination, Executive shall receive a lump sum payment equal to one hundred percent (100%) of the sum of Annual Base Pay and Annual Bonus, subject to any applicable withholding of federal, state or local taxes.

• The Employee will accrue 4.3 weeks' Annual Base Pay as defined in Clause 10 – WAGE RATES as appropriate for each year of completed service on a fully pro-rated basis, for the first 5 years of continuous service.

• For each subsequent year of continuous service, the Employee will accrue 1 week's Annual Base Pay on a fully pro-rated basis up to a maximum of 10 years service.

More Definitions of Annual Base Pay

Annual Base Pay means Employee’s base salary at the highest rate in effect at any regularly scheduled payroll period preceding the occurrence of the Change in Control and does not include, for example, bonuses, overtime compensation, incentive pay, sales commissions or expense allowances.

Annual Base Pay generally means your annualized base salary at the rate in effect during the last regularly scheduled payroll period immediately preceding the occurrence of the Change in Control and does not include, for example, bonuses, overtime compensation, incentive pay, fringe benefits, sales commissions or expense allowances.

Annual Base Pay means Executive’s annual base pay at the rate in effect during the last regularly scheduled payroll period immediately preceding (i) the Change in Control or (ii) the Covered Termination (disregarding any reduction in base pay that forms the basis for the Covered Termination), whichever is greater.

Annual Base Pay means salary or wages, excluding overtime, extra pay, shift differential, bonuses and living or other allowances, all as determined by the Company.

Annual Base Pay means the greater of (1) the annualized amount of Executive's rate of base pay (as shown in Sonat's payroll records) immediately before the Change of Control, and (2) the annualized amount of Executive's rate of base pay (as shown in Sonat's payroll records) immediately before the date of Termination.

Annual Base Pay means the annualized amount of Executive's rate of base pay (as shown in Rock-Tenn's payroll records) measured at its highest level existing at any time following the Effective Date.

Annual Base Pay generally means your annualized base salary at the rate in effect during the last regularly scheduled payroll period immediately preceding the occurrence of the Change in Control and does not include, for