Applicable Base Salary definition
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 Applicable Base Salary shall be payable to the Executive in installments on the Company's normal payroll dates.
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 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 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.
In this Schedule 3, “personal data” means any data relating to a living individual from which it is practicable to ascertain the identity of that individual and which is in a form in which it is practicable to access or process that data.
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").
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.