Applicable Salary definition

Applicable Salary means the Eligible Employee’s highest annual rate of salary in effect in the 18 months preceding the Termination Date before any salary reduction contributions to any plan under Code Section 125, 132(f) or 401(k), but excluding overtime, bonuses, equity awards, benefits, perquisites, imputed income, or other incentive or extraordinary payments.
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Examples of Applicable Salary in a sentence

  • Applicable Salary payments will be made in a single lump sum cash payment to Executive (less all required withholding) within the thirty (30) day period immediately following the date of Executive’s death.

  • Applicable Salary payments will be made in a single lump sum cash payment to Executive (less all required withholding) within the thirty (30) day period immediately following the date of Executive’s Disability.

  • Applicable Salary payments will be made in a single lump sum cash payment to Executive (less all required withholding) within the sixty (60) day period immediately following the date of Executive’s separation from service.

  • Tecogen or ADG Energy will be allocated the cost of such services at a rate equal to the individual’s base salary times the Applicable Salary Rate in Exhibit A for each employee or consultant assigned, but Tecogen or ADG Energy will only be required to pay for such personnel while they are working on Tecogen or ADG Energy’s behalf.

  • The Company Final Salary Mass shall not be lower than the Company Initial Salary Mass by more than 10% on the last Applicable Salary Mass Test Date.

  • Except with respect to the Applicable Salary, the Prior Agreement is rendered null and void and is superseded by this Agreement.

  • In the event that a termination described in Section 9(a) occurs following a Change of Control of the Company (as defined below), Executive's Applicable Salary Severance Payment will be equal to Executive's Salary for twelve months following the Termination Date, as such Salary was in effect immediately prior to the Termination Date (but not taking into account any reduction in Executive's Salary on or after such Change of Control).

  • All Use Fees are expressed as percentages of Total Applicable Salary.

  • SECTION 13.1 - BASIC SALARY SCHEDULE Applicable Salary Schedule: The basic salaries of teachers covered by this Agreement are set forth in Appendix “A” Schedule Subject to Renegotiation: Such salary schedules shall remain in effect during the designated period.

  • The Applicable Salary Severance Payment shall be paid to Executive in semi-monthly installments in accordance with Section 6(a).

Related to Applicable Salary

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

  • Annual Salary means the salary given under this Part.

  • 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.

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

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