Annual Base Salary definition

Annual Base Salary shall have the meaning set forth in Section 3(a).
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Annual Base Salary shall refer to the Annual Base Salary as so increased.
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Annual Base Salary shall have the meaning set forth in Section 5.
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Examples of Annual Base Salary in a sentence

  • In the case of Disability, if there is a period of time during which Executive is not being paid Annual Base Salary and not receiving long-term disability insurance payments, the Company shall (subject to Section 31(a)) make interim payments to Executive equal to such unpaid disability insurance payments until the commencement of disability insurance payments.

  • No less frequently than annually during the Term, the Committee, on advice of the Company’s Chief Executive Officer, shall review the rate of Annual Base Salary payable to Executive, and may, in its discretion, increase the rate of Annual Base Salary payable hereunder; provided, however, that any increased rate shall thereafter be the rate of Annual Base Salary hereunder.

  • The Annual Base Salary shall compensate Executive for any employment by, position in or directorship of a Company affiliate that Executive holds.


More Definitions of Annual Base Salary

Annual Base Salary means the greater of (a) the highest annual rate of base salary in effect for Executive during the 12-month period immediately prior to a Change of Control, or (b) the annual rate of base salary in effect on the date Executive’s employment is terminated.
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Annual Base Salary means the Executive’s annual base salary from the Company.
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Annual Base Salary as used in this Agreement shall refer to the Annual Base Salary as it may be so increased.
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Annual Base Salary means, as of a specified date, Executive’s annual base salary as of such date determined pursuant to Section 4.1.
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Annual Base Salary means the Executive’s rate of regular base annual compensation prior to any reduction under (i) a salary reduction agreement pursuant to Section 401(k) or Section 125 of the Code or (ii) any plan or arrangement deferring any base salary.
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Annual Base Salary means the Executive's gross annual salary before any deductions, exclusions or any deferrals or contributions under any Company plan or program, but excluding bonuses, incentive compensation, employee benefits or any other non-salary form of compensation (determined without regard to any reduction in Annual Base Salary that results in "Good Reason" termination).
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Annual Base Salary means Executive’s annual base salary in effect immediately prior to Executive’s termination, or the rate in effect prior to any material reduction in Executive’s base salary that would give Executive the right to resign for Good Reason, as defined below.
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