Annualized Base Pay definition

Annualized Base Pay means: (i) for any Employee who was employed by the Company for an entire twelve-month period ending on the day prior to an Offering Commencement Date, the Employee's total Base Pay for such twelve-month period; or (ii) for any Employee not employed for the entire twelve-month period ending on the day prior to an Offering Commencement Date, the sum of the Base Pay earned in each of the full calendar months prior to the Offering Commencement Date during which the Employee was employed by the Company, divided by the number of full calendar months for which the Employee was employed, multiplied by twelve.
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Examples of Annualized Base Pay in a sentence

  • Annual income will be calculated by either 1) annualizing base wages or other compensation (shown in the Income Calculation Workbook as Annualized Base Pay), or 2) annualizing year-to-date gross income when base wages and other compensation are not broken out (shown in Workbook as Income Average).

  • Thomas (651-423-8200), is directly accountable to the Chancellor on all matters relating to equal opportunity and affirmative action at Dakota County Technical College.Equal Opportunity/Affirmative Action OfficerThe Equal Opportunity/Affirmative Action Officer is responsible for the overall implementation and administration of Dakota County Technical College’s equal opportunity and affirmative action programs.

  • For employees only (After 32 days of seniority) Basic Basic Accidental Death and Principal Amount Dismemberment The benefit will be 2x Annualized Base Pay (base hourly rate at September 1 times 2080 hours).

  • Hourly wages shall be computed into annual Pay according to the following formula and will be paid evenly over 24 pay periods: (Hours Scheduled Per Day) x (Hourly Rate) x (Paid Days in Contract*) = Annualized Base Pay Council members shall be paid on the 5th and 19th of each month.

Related to Annualized Base Pay

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • 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.