Annualized Base Compensation definition
Annualized Base Compensation as used in this Agreement, means an amount equal to the annualized average of the base compensation (excluding any bonus and benefits) paid to Employee during the period beginning on the Effective Date and ending on the date of Separation.
Annualized Base Compensation means the annualized rate of a Covered Executive’s Base Compensation in effect immediately prior to the commencement of a Change in Control Period.
Annualized Base Compensation means the total Base Compensation anticipated to be paid by the Company to an Employee during a twelve-month period, excluding any anticipated compensation increases and any anticipated bonuses and non-cash compensation. Provided, however, that Annualized Base Compensation shall be determined without reduction for (i) any anticipated Code Section 401(k) salary reduction contributions to be contributed on the Employee’s behalf for the Plan Year to the Defined Contribution Plan, (ii) the amount of any anticipated salary reduction contributions to be contributed on the Employee’s behalf for the Plan Year to any Code Section 125 plan sponsored by the Company, and (iii) the amount of any anticipated Base Compensation to be deferred pursuant to the terms of this Plan.