Annual Pay definition

Annual Pay means the sum of (i) an amount equal to the annual base salary rate payable to the Executive by the Company at the time of termination of his or her employment plus (ii) an amount equal to the target bonus established for the Executive for the Company’s fiscal year in which his or her termination of employment occurs, but in either case, without giving effect to any reduction therein occurring following a Change in Control.

Annual Pay means the sum of the Employee’s (i) base salary in effect on the date of termination and (ii) the last annual bonus paid to the Employee by the Company prior to the date of termination.

Annual Pay means an amount equal to the annual basic rate of pay of an Eligible Employee as determined from the payroll records of the Company or Designated Subsidiary, including amounts contributed by an Eligible Employee under Section 401(k) or 125 of the Code, but excluding all other cash compensation paid to an Eligible Employee during a Purchase Period by the Company or Designated Subsidiary. Without limiting the generality of the foregoing, Annual Pay shall not include overtime, bonuses, any contributions by the Company or Designated Subsidiary, to, or benefits paid under, the Plan or any other pension, profit-sharing, fringe benefit, group insurance or other employee welfare plan or any deferred compensation arrangement (other than pursuant to Section 401(k) or 125 of the Code), expenses and reimbursements, and any other special or extraordinary compensation. Notwithstanding the foregoing, the Committee, in its sole discretion, may adjust the types of compensation constituting Annual Pay; provided that any such determination shall be applied on a uniform and consistent basis to all Eligible Employees.

Examples of Annual Pay in a sentence

Employees may also be eligible for general economic adjustment equal to that applied to the plan structure to keep it market competitive (see section on Determining Annual Pay Structure).
Annual Pay Review The basic pay of the Council’s lowest paid employees is reviewed annually at a national level, with any cost-of-living, or other, increase normally applied on 1 April in each year.
Annual Pay ReviewThe basic pay of the Council’s lowest paid employees is reviewed annually at a national level, with any cost-of-living, or other, increase normally applied on 1 April in each year.
The longevity schedule shall be as follows: Completed Years of Service Annual Pay 7 years (Beginning 8th Year) $ 488 15 years (Beginning 16th Year) $1,504 20 years (Beginning 21st Year) $1,965 25 Years (Beginning 26th Year) $2,546 30 Years (Beginning 31st Year) $3,000 * Employees receiving longevity pay at the ten year xxxx ($990) as of August 12, 2004, shall continue to receive such pay until reaching the fifteen year xxxx.
Future pay increases will be paid in accordance with Article 108 Section 3, Annual Pay Adjustments.

Annual Pay means the employee's basic monthly pay added to his/her longevity award as provided for in Article 14, his/her public service duty, E.M.T. allowance, and roll call pay as provided for in Article 15, and his/her educational credit allowance as provided for in Article 16, multiplied by 12.

Annual Pay means and refer to annual base rate of pay as determined from the payroll records on such date as shall be designated by the Committee for any offer of Stock made pursuant to this Plan.

Annual Pay means Base Salary multiplied by 52.

Annual Pay means an amount equal to the annual basic rate of pay of an Eligible Employee as determined from the payroll records of the Company or a Subsidiary on the effective date of an offer of stock made pursuant to the Plan.

Annual Pay means an amount equal to the sum of (i) the annual basic rate of pay of an Eligible Employee as determined from the payroll records of the Company, Designated Subsidiary or Designated Parent and (ii) all other cash compensation paid to an Eligible Employee during a Purchase Period by the Company, Designated Subsidiary or Designated Parent, including overtime, bonuses, and 401(k) salary deferral contributions and amounts excludable under Section 125 of the Code under certain employee benefit plans, but does not include any contributions by the Company, Designated Parent or Designated Subsidiary, to, or benefits paid under, the Plan or any other pension,

Annual Pay means the annual rate of base compensation of an Executive in effect immediately prior to the Change in Control or at the time of his or her termination of employment, whichever is greater.

Annual Pay means the annual rate of base compensation of an Executive in effect immediately prior to the Change of Control or on his termination of employment, whichever is greater.