Base Monthly Salary definition

Base Monthly Salary means an amount equal to one-twelfth of Executive’s then current annual base salary. Base Monthly Salary shall not include incentives, bonus(es), health and welfare benefits, car allowances, long term disability insurance or any other compensation or benefit provided to executive employees of the Company.

Base Monthly Salary means the monthly base compensation of the Employee.

Base Monthly Salary means one-twelfth (1/12) of Employee's Base Annual Salary specified in Section 5(a) above. If there is no Base Annual Salary specified in Section 5(a) or at the time of termination or expiration of this Agreement Employee was not entitled to receive a Base Annual Salary, "Base Monthly Salary" means the average monthly compensation paid to Employee by Company during the time of his/her employment by Company.

Examples of Base Monthly Salary in a sentence

• Base Monthly Salary" for purposes of sick leave integration is defined as the salary amount for the employee's step on the salary schedule for the employee's permanent classification as shown in the "Salary" field on the On-Line Payroll Time Reporting System used by departments for payroll reporting purposes.

• In order to receive Deferred Payment during a Deferred Payment Period, Employee must elect such Deferred Payment in writing and specify the Deferred Payment Period, which may not exceed the number of months of Base Monthly Salary payable to Employee as the Severance Amount.

• The formula for full-time employees' sick leave integration charges is shown below: L = [(S-D) ÷ S] x 8 S = Employee Base Monthly Salary H = Estimated Highest Quarter (3-mos) Earnings [H = S x 3] W = Weekly SDI Benefit from State of California SDI Weekly Benefit Table C = Calendar Days in each Month D = Est.

• A Group I or Group II Employee shall retain eligibility to receive an Executive Separation Allowance and shall receive such benefits as are applicable under the terms of the Plan in effect on the retirement date, based on meeting the minimum Leadership Level required for eligibility for such benefits as of July 1, 2000, service as of July 1, 2000, and the Base Monthly Salary as of the retirement date.

• Base Monthly Salary - the compensation attached to the positions occupied by employees of the Police Department or the Fire Department, in the job classifications listed in this ordinance.

More Definitions of Base Monthly Salary

Base Monthly Salary means the average monthly compensation paid to Employee by MIKOHN during the time of his/her employment by MIKOHN.

Base Monthly Salary means for the purposes of the Plan, the monthly base salary rate of such Eligible Executive during each month, prior to giving effect to any salary reduction agreement pursuant to an employee benefit plan, as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, (i) to which Code Section 125 or Code Section 402(e)(3), applies or (ii) which provides for the elective deferral of compensation. It shall not include supplemental compensation or any other kind of extra or additional compensation.

Base Monthly Salary means Annual Salary ÷ 12

Base Monthly Salary means one-twelfth of the Participant’s annual rate of base salary in effect as of the Termination Date, disregarding any reduction that would constitute Good Reason.

Base Monthly Salary for purposes of the SDI integration program, is defined as the salary amount of the employee’s step on the salary schedule of the employee’s classification at the time of integration.

Base Monthly Salary means the monthly base salary of the Employee from the Company, but determined without regard to any salary reduction agreement of the Employee under Sections 401(k) and 125 of the Internal Revenue Code of 1986 (the "Code") (or corresponding provisions of subsequent federal income tax laws) or any salary deferral agreement of the Employee under any non-qualified deferred compensation program that may be available to the Employee from time to time, and excludes (i) incentive or additional cash compensation; (ii) any amounts included in income because of Sections 79 or 89 of the Code; and (iii) any amounts paid to the Employee for reimbursement for expenses or discharging tax liabilities.

Base Monthly Salary for purposes of sick leave integration is defined as the salary amount for the employee’s step on the salary schedule for the employee’s regular classification as shown in the “Salary” field on the On-Line Payroll Time Reporting System used by the District for payroll reporting purposes.