Annual Compensation Value definition

Annual Compensation Value means Employee's then-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynolds and any compensation determined by the Board of Directors tx xx x xong-term incentive arrangement) earned by Employee during the three (3) calendar years preceding the date upon which the valuation is made.
Sample 1
Annual Compensation Value means Bausxxx'x xxxn-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynxxxx) xxrned by Bausxxx xxxing the three (3) calendar years preceding the date upon which the valuation is made. (b) "Base Compensation" shall mean the then-current annual base salary (exclusive of Bonuses) of Bausxxx. (c) "Bonuses" shall mean bonus payments earned by Bausxxx xxxer Reynxxxx' Xxcentive Compensation Plans and under any future bonus or incentive compensation plans of Reynxxxx xxx its executive officers. (d) "Change in Control" shall mean the occurrence of any of the following: (i) Any "person," as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (other than Richxxx X. Xxxxx, Xx., xxs children or his grandchildren, Reynxxxx, xxy trustee or other fiduciary holding securities under an employee benefit plan of Reynxxxx, xx any company owned, directly or indirectly, by the shareholders of Reynxxxx xx substantially the same proportions as their ownership of stock of Reynxxxx), xs or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Reynxxxx xxxresenting fifty percent
Sample 1
Annual Compensation Value means Holmxx' xxen-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynxxxx) xxrned by Holmxx xxxing the three (3) calendar years preceding the date upon which the valuation is made.
Sample 1

Examples of Annual Compensation Value in a sentence

  • For purposes of this Agreement, the terms set forth below shall have the following meanings: (a) "Annual Compensation Value" shall mean Employee's then-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynxxxx) xxrned by Employee during the three (3) calendar years preceding the date upon which the valuation is made.

  • For purposes of this Agreement, the terms set forth below shall have the following meanings: (a) "Annual Compensation Value" shall mean Bausxxx'x xxxn-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynxxxx) xxrned by Bausxxx xxxing the three (3) calendar years preceding the date upon which the valuation is made.

  • For purposes of this Agreement, the terms set forth below shall have the following meanings: (a) "Annual Compensation Value" shall mean Holmxx' xxen-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynxxxx) xxrned by Holmxx xxxing the three (3) calendar years preceding the date upon which the valuation is made.


More Definitions of Annual Compensation Value

Annual Compensation Value means Nevix'x xxxn-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynxxxx) xxrned by Nevix xxxing the three (3) calendar years preceding the date upon which the valuation is made.
Sample 1
Annual Compensation Value means Employee's then-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynxxxx) xxrned by Employee during the three (3) calendar years preceding the date upon which the valuation is made. (b) "Base Compensation" shall mean the then-current annual base salary (exclusive of Bonuses) of Employee. (c) "Bonuses" shall mean bonus payments earned by Employee under Reynxxxx' Xxcentive Compensation Plans and under any future bonus or incentive compensation plans of Reynxxxx xxx its executive officers. Currently Reynxxxx xxx in effect the following Incentive Compensation Plans: the Annual Bonus Plan, the Intermediate Bonus Plan and the Personal Performance Plan, true and
Sample 1
Annual Compensation Value means Proud's then-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynxxxx) xxrned by Proud during the three (3) calendar years preceding the date upon which the valuation is made. 2 (b) "Base Compensation" shall mean the then-current annual base salary (exclusive of Bonuses) of Proud. (c) "Bonuses" shall mean bonus payments earned by Proud under Reynxxxx' Xxcentive Compensation Plans and under any future bonus or incentive compensation plans of Reynxxxx xxx its executive officers. (d) "Change in Control" shall mean the occurrence of any of the following: (i) Any "person," as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (other than Richxxx X. Xxxxx, Xx., xxs children or his grandchildren, Reynxxxx, xxy trustee or other fiduciary holding securities under an employee benefit plan of Reynxxxx, xx any company owned, directly or indirectly, by the shareholders of Reynxxxx xx substantially the same proportions as their ownership of stock of Reynxxxx), xs or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Reynxxxx xxxresenting fifty percent (50%) or more of the combined voting power of Reynxxxx' xxen outstanding securities; (ii) during any period of two (2) consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board, any new director (other than a director designated by a person who has entered into an agreement with Reynxxxx xx effect a transaction described in clause (i), (iii) or (iv) of this Section
Sample 1

Related to Annual Compensation Value

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

  • 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)):

  • 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.

  • 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.

  • Current Annual Compensation means the greater of:

  • 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.

  • Final compensation of a member means:

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • 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;

  • 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

  • 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.

  • 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.

  • 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.

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Additional Compensation has the meaning set out in Section 11.3(1).

  • Earnable compensation means the full rate of the

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Non-Cash Compensation Expense means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

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

  • Non-cash compensation means any form of compensation that is not cash compensation, including, but not limited to, health insurance, office rent, office support and retirement benefits.