Base Salary definition

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

Base Salary means the salary provided for in Section 4(a) hereof or any increased salary granted to Executive pursuant to Section 4(a) hereof.

Base Salary means the salary of record paid to the Executive as annual salary, excluding amounts received under incentive or other bonus plans, whether or not deferred.

Examples of Base Salary in a sentence

During the term of this Agreement, the Board of Directors (or the Compensation Committee of the Board of Directors (the “Compensation Committee”)) may increase, but not decrease, the Executive’s Base Salary.
The Bank will pay the Base Salary in accordance with its customary payroll practices.
Any increase in Base Salary will become the new “Base Salary” for purposes of this Agreement.
If, during the Employment Term, the Company terminates the Employee without Cause or the Employee terminates the Employee’s employment with Good Reason, then the Company shall pay the Employee six month of Base Salary provided that Employee executes (and does not revoke) a general release of all claims against the Company in a form reasonably acceptable to the Company within 30 days of the last day of Employee’s employment with the Company.
If the Employment Period is terminated “For Cause” pursuant to Article III hereof or is otherwise shorter than a full contract year, then the Base Salary for any partial year will be prorated and paid through the date of termination based on the number of days elapsed in such year during which services were actually performed by Employee, and the Company shall have no further obligation to pay the Employee’s Base Salary following the date of termination.

Base Salary has the meaning set forth in Section 4.01.

Base Salary means Executive’s annual base salary in effect immediately prior to Executive’s termination, excluding any reduction which forms the basis for Executive’s right to resign for Good Reason.

Base Salary shall have the meaning stated in Section 5.1 hereof.

Base Salary means Executive's annual rate of base salary in effect on the date in question.

Base Salary means the greater of (a) if applicable, the monthly salary of the Executive in effect immediately prior to the Change of Control, or (b) the monthly salary of the Executive in effect immediately prior to the Termination Date.

Base Salary means Executive’s annual base salary as in effect during the last regularly scheduled payroll period immediately preceding the Covered Termination.

Base Salary means, for any period, the amount described in Section 3(a).