Base Earnings definition

Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

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Base Earnings means a Participant’s regular rate of pay including sick pay, vacation pay, retro pay, overtime, on-call pay, shift differential and short-term disability, but excluding incentive, discretionary, or signing bonuses, commissions, foreign service premiums, relocation, expatriate or auto allowances, and amounts payable under employee benefit plans.

Base Earnings means regular salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to deductions for employee contributions to any employee benefit plans or arrangements, and excluding bonuses and other incentive pay, but including commissions. The Administrator, in its discretion, may establish a different definition of Compensation for any future Accumulation Period(s) prior to the commencement of such Accumulation Period.

Examples of Base Earnings in a sentence

• Executive will participate in the Company’s LTIP at a target incentive rate of 70%, of Executive’s combined actual annual Base Earnings, for the incentive period, based upon the Company’s targeted performance as defined in the LTIP documents in effect at the time of the award.

• The employees Accrued Annual Leave may be used by the employee to offset any reduction of the weekly benefit up to 100% of Weekly Base Earnings.

• The employees’ accrued leave may be used by the employee to offset any reduction of the weekly benefit up to 100% of Weekly Base Earnings.

• The Union will advise the Employer of the union dues rate in the form of percentage multiplied by Base Earnings times hours worked, exclusive of overtime, premiums and differentials.

• For eligible Employees, the income level will equal 60% of Weekly Before-Tax Base Earnings, as of the Employee's last day Worked prior to the qualifying layoff.

More Definitions of Base Earnings

Base Earnings in this Section refers to base pensionable earnings for normal scheduled hours of work.

Base Earnings means the salary, wages or other remuneration periodically received by a Member in respect of the time worked in ordinary hours:

Base Earnings means the base amount of compensation paid to such Participant by the Employer, exclusive of bonuses, the value of equity based compensation, fringe benefits, and similar types of compensation, as determined by the Committee in its sole discretion.

Base Earnings means the Employee's regular salary rate before deductions required by law and deductions authorized by the Employee. Base Earnings do not include: pay for overtime, extended workweek schedules, or any other form of extra compensation; payments by the Company or subsidiary corporations, as applicable, of social security, worker's compensation, unemployment compensation, any disability payments or other payments required by statute; or contributions by the Company or subsidiary corporations, as applicable, for insurance, annuity, or other employee benefit plans.

Base Earnings is Credited Earnings to a maximum of 1.50 times the monthly average YMPE (defined below) in the 3 calendar years ending in the year in which you retire. In 2010 maximum Base Earnings are $5,900.00.

Base Earnings means earnings excluding all Performance Incentives

Base Earnings means the actual gross base pay received, while an eligible Participant, during the Plan Year. Base Earnings shall exclude payments of all other bonuses, commissions, imputed income, and any other non-base pay forms of compensation.