Annual Variable Pay definition

Annual Variable Pay means any annual cash bonus paid to a participant by his employer pursuant to MetLife’s Annual Variable Incentive Plan (“AVIP”). Any other incentive pay, including grants under equity plans and amounts paid in cash under an equity or synthetic equity plan and any cash bonuses paid outside of AVIP, shall not be considered part of a Participant’s Annual Variable Pay.
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Related to Annual Variable Pay

  • Monthly salary means the W-2 reportable compensation received by a member during the month.

  • Annual Fees means annual Trustee Fees and annual fees related to monitoring Tax Increment, in an amount not to exceed $10,000.

  • Projected Annual Benefit means the Annual Benefit as defined in subsection (2) above, to which the Participant would be entitled under the terms of the Plan assuming: (A) the Participant will continue employment until the Normal Retirement Date under the Plan (or current date,if later) and (B) the Participant's Compensation for the current Limitation Year and all other relevant factors used to determine benefits under the Plan will remain constant for all future Limitation Years.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.

  • Annual Retainer for a particular Director means the retainer (including any additional amounts payable for serving as lead Director or on any committee of the Board), payable to that Director for serving as a Director for the relevant Remuneration Period, as determined by the Board;