Base Compensation definition

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 day prior to the Change in Control, and (ii) the Average Incentive Bonus.

Base Compensation means Executive’s monthly base salary for services performed based on the average base salary for the six (6) months prior to the Termination Date.

Base Compensation shall have the meaning set forth in Section 5(a).

Examples of Base Compensation in a sentence

• Additional Compensation payments are not included in any calculation of Total Applicable Base Compensation.

• The reimbursement rate may be adjusted from time to time if the Base Compensation is decreased or increased by the Township in consultation with EBTMA.

• The Base Compensation, cost of benefits and payroll taxes will be reimbursed to the Township by EBTMA as provided in Section 3 hereinbelow.

• The total annual and hourly cost of the Administrator’s Base Compensation, Benefits and Payroll Taxes is set forth on Exhibit “A” attached hereto and made a part hereof.

• If Administrator works for EBTMA less than 35 hours per week, TOWNSHIP will utilize Administrator for the balance of the weekly hours and TOWNSHIP will be responsible for the Base Compensation, Benefits and Payroll Taxes for those TOWNSHIP hours.

More Definitions of Base Compensation

Base Compensation as of any point in time shall refer to the Base Compensation as adjusted pursuant to this Section 4.

Base Compensation means the Participant’s annual base salary rate in effect immediately prior to a Qualifying Termination, disregarding any reduction which gives rise to Good Reason.

Base Compensation means the Employee’s (i) annual base salary paid by the Company for services performed as in effect on the Termination Date; and (ii) target cash bonus and/or other forms of cash incentive compensation for the fiscal year in which the Change of Control is effective.

Base Compensation means (1) the highest annual rate of base salary of the Executive within the time period consisting of one year prior to the date of a Change in Control and the Effective Date of Termination and (2) the AIP bonus target for performance in the calendar year that a Change in Control occurs or the average of the actual AIP payments for the three years immediately preceding the Change in Control, whichever is higher “Beneficiary” shall mean the persons or entities designated or deemed designated by the Executive pursuant to Section 7.2 herein.

Base Compensation means the annual base salary the Corporation pays the Employee for his or her services immediately prior to an Involuntary Termination.

Base Compensation means the annual rate of compensation set forth in Section 5(a), as such amount may be adjusted from time to time.

Base Compensation means the Executive’s annual base salary paid by the Company for services performed as in effect on the Termination Date.