Applicable Base Salary definition

Applicable Base Salary means: (a) for that period beginning August 16, 2004 and ending on that date which is 30 days following the Base Salary and Bonus Date, $140,000 and (b) for that period beginning on that date which is 31 days following the Base Salary and Bonus Date and ending on December 31, 2006, Base Salary.
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Applicable Base Salary will have the meaning set forth in subparagraph 4(b)(i).
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Applicable Base Salary means the greater of (aa) $624,000.00, or, (bb) such of the following alternatives as is applicable: (aaa) prior to January 1, 2001, Executive's Base Salary, or if applicable, Adjusted Base Salary for the fiscal year ending December 31, 2000; or
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Examples of Applicable Base Salary in a sentence

  • The Company shall maintain a disability insurance policy providing for payments at the rate of sixty percent (60%) of his Applicable Base Salary or the maximum legal amount, whichever is less, until the earlier of the end of disability, Employee's death or the date Employee attains 65 years of age.

  • The target Bonus shall equal one hundred percent (100%) of the Applicable Base Salary for that Bonus Year, and shall be awarded based upon achievement of performance goals to be determined by the Board and communicated to the Executive during the first quarter of the applicable Bonus Year, or in the absence of such goals based on achievement against the Company's budgeted performance for the Bonus Year.

  • The Applicable Base Salary shall be payable to the Executive in installments on the Company's normal payroll dates.

  • The Executive's Base Salary will be due and payable to him during the Employment Term in accordance with the Company's customary payroll payment practices but no less frequently than once each month ("Applicable Base Salary Payment Date").

  • The Company shall cause the positive net difference between the Base Salary and Reduced Base Salary to be accounted for each Applicable Base Salary Payment Date ("Unpaid Base Salary").

  • The Applicable Base Salary and Incentive Compensation shall each be determined as of the date of Notice of Termination or the Termination Date, whichever is more favorable to Executive.

  • The amount of Base Salary for any period determined calculated as provided in the preceding sentence shall be the "Applicable Base Salary" for such period.

  • For the fiscal year 2022-2024 performance period grant, our NEOs are eligible to earn the following:FY 2022 - FY 2024 Performance Period Long-Term Incentive Opportunity (as % of Applicable Base Salary) Named Executive OfficerFY 2022 Grant Threshold Level (1)FY 2022 Grant Target OpportunityFY 2022 Grant Maximum OpportunityDonald D.

  • Upon termination of this Agreement by Employee pursuant to Subsection 3.E. titled "For Cause by the Employee," or by Company pursuant to Subsection 3.B. titled "Without Cause," Employee shall receive monthly payments at the rate of his last Base Salary prior to termination ("Applicable Base Salary") through the scheduled termination date of this Agreement, beginning in the month of such termination.


More Definitions of Applicable Base Salary

Applicable Base Salary of a Participant means the higher of his (i) annual base salary in effect immediately prior to the occurrence of a Change of Control or (ii) annual base salary in effect immediately prior to the occurrence of his Change of Control Termination.
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Related to Applicable Base Salary

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Annual Salary means the salary given under this Part.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • 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.

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Final Salary means the average annual salary for service for which

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Final average salary means whichever of the following is greater:

  • Average Bonus means the average of the bonuses paid to Employee over the last two years (or such lesser number of years in which Employee was eligible to receive a bonus) in which the Employee was eligible to receive a bonus.

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Base Period Income Base Period Income" is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Average final compensation means the average annual creditable compensation of a member during

  • Pro Rata Bonus means an amount equal to the Bonus Amount multiplied by a fraction the numerator of which is the number of days in the fiscal year through the Termination Date and the denominator of which is 365.

  • Salary as defined in Section 3.1(a).

  • Annualized means restating an amount to an annual value. This computation is performed by multiplying an amount applicable to a period of less or greater than three hundred sixty-five (365) days, by a ratio determined by dividing the number of days in the reporting period by three hundred sixty-five (365) days, except in leap years, in which case the divisor shall be three hundred sixty-six (366) days.

  • 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.

  • Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

  • 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 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.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.