Annual Base Salary Amount definition

Annual Base Salary Amount has the meaning set forth in Section 2(b)(1).
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Annual Base Salary Amount shall refer to Annual Base Salary Amount as so increased.
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Annual Base Salary Amount shall refer to Annual Base Salary Amount as so increased or decreased pursuant to this Section 2(b)(i).
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Examples of Annual Base Salary Amount in a sentence

  • During the Protected Period, the Annual Base Salary Amount shall be reviewed for possible increase at least annually, beginning no more than 12 months after the last such annual review prior to the date of the Change of Control.

  • Any increase in the Annual Base Salary Amount shall not serve to limit or reduce any other obligation to the Executive under this Agreement.

  • The Annual Base Salary Amount shall not be reduced after any such increase and the term “Annual Base Salary Amount” shall refer to Annual Base Salary Amount as so increased.

  • Xxxxxxxxx Date of Employment Agreement: 9/13/99 Address: 000 Xxxxxxxxx Xxxxx Xxxxxxxxx, XX 00000 Annual Base Salary Amount: $150,000 Number of Option Shares Vested: 19,556 Exhibit A - Itemized List of Amounts Due Employee under Section 4 of the Employment Agreement STATE OF NEW YORK) COUNTY OF MONROE) ss.: On the 15th day of December in the year 2000 before me, the undersigned, a Notary Public in and for said State, personally appeared Xxxx X.

  • During the Protected Period, the ------------ ----------- Executive shall receive a base salary (the "Base Salary"), the annual amount of which (the "Annual Base Salary Amount") shall be at least equal to 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and the Affiliated Companies for the 12-month period immediately preceding the date of the Change of Control.

  • During the Protected Period, the Annual Base Salary Amount (A) shall be reviewed for possible increase at least annually, beginning no more than 12 months after the last such annual review prior to the date of the Change in Control and (B) may be reduced as part of an overall cost reduction program that affects all senior executives of the Company and Affiliated Companies and does not disproportionately affect the Executive.

  • Except as provided for in Section 2(b)(i)(B), the Annual Base Salary Amount shall not be reduced after any such increase and the term “Annual Base Salary Amount” shall refer to Annual Base Salary Amount as so increased or decreased pursuant to this Section 2(b)(i).

  • The Annual Base Salary Amount shall not be reduced after any such increase and the term "Annual Base Salary Amount" shall refer to Annual Base Salary Amount as so increased.

  • During the Protected Period, the Executive shall receive a base salary (the "Base Salary"), the annual amount of which (the "Annual Base Salary Amount") shall be at least equal to 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and the Affiliated Companies for the 12-month period immediately preceding the date of the Change of Control.

  • During the Protected ------------ ----------- Period, the Executive shall receive a base salary (the "Base Salary"), the annual amount of which (the "Annual Base Salary Amount") shall be at least equal to 12 times the highest monthly base salary paid or payable, including any base salary that has been earned but deferred, to the Executive by the Company and the Affiliated Companies for the 12-month period immediately preceding the date of the Change of Control.

Related to Annual Base Salary Amount

  • 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.

  • 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.

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

  • Annual Salary means the salary given under this Part.

  • 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 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.

  • 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.

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

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

  • 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.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

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

  • Current Annual Compensation means the greater of:

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • 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 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.

  • 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.

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

  • 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.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • 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.

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

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.