Classification Factor definition

Classification Factor means [three for all named executive officers], provided, that upon the date on which the Executive attains age 65, if and only if the Effective Date has not occurred as of such date, the Classification Factor shall be reduced by one-half.

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Classification Factor means two, provided, that upon the date on which the Executive attains age 65, if and only if the Effective Date has not occurred as of such date, the Classification Factor shall be reduced to one.

Classification Factor means two (2).

Examples of Classification Factor in a sentence

The amount of benefit payable under this section is based on the percentage of the Benefit Amount, as shown in the Cosmetic Burn Schedule below, which is determined by the Area Classification Factor times the percentage of body surface actually burned.
ERISA Excess Pension Plan or any successor plan (the “Excess Plan”) are unvested as of the Date of Termination, and (ii) the Executive would become vested in the Excess Plan had the Executive’s employment continued for a number of years (including partial years) equal to the Classification Factor, Executive’s benefits under the Excess Plan shall vest in full and be paid to the Executive in accordance with the terms of such plan.
The Company shall pay to Executive a lump sum cash payment equal to the product of (i) the Classification Factor (or, if less, the Retirement Factor) and (ii) the greater of (x) the Perquisites Allowance paid or payable by the Company to Executive for the Termination Year and (y) the Perquisites Allowance paid or payable by the Company to Executive for the fiscal year immediately preceding the commencement of the Coverage Period.
FOR THE EMPLOYER: FOR THE UNION: �� ▇▇▇▇▇ ▇▇▇▇▇, GVLRA PRESIDE SECRETARY, IAFF LOCAL 4264 28 ESQUIMALT & IAFF ▇▇▇▇▇▇▇▇▇ JANUARY 1, 2020 - DECEMBER 31, 2022 COLLECTIVE AGREEMENT Classification Factor Monthlv Biweeklv Monthlv x 12 Hourlv Monthlv Overtime Hourlv Doubletime Hourly divided by divided by X X 26.089286 182 1.5 2.0 $ $ $ $ $ Firefighter 1st Class (comp.
In lieu of any further salary payments to Executive for periods subsequent to the Date of Termination, the Company shall pay to Executive a lump sum severance payment, in cash, equal to: (i) the Classification Factor (or, if less, the Retirement Factor) times the sum of (x) Executive’s Annual Base Salary and (y) Executive’s Annual Bonus; plus (ii) the Matching Amount, if any.

More Definitions of Classification Factor

Classification Factor means three (3)."

Classification Factor means [two or three for all named executive officers], provided, that upon the date on which the Executive attains age 65, if and only if the Effective Date has not occurred as of such date, the Classification Factor shall be reduced by one-half.

Classification Factor means three (3).

Classification Factor means 'three (3)' if the Executive is classified by the Company at SEG 14 or above and 'two (2)' if the Executive is classified by the Company at SEG 13 or below. For each Coverage Period, the Classification Factor shall be determined as of the day prior to the commencement of such Coverage Period. Notwithstanding the foregoing, in the event that the Executive was previously classified at SEG 14 or above and has subsequently been reclassified below SEG 14, the Committee may, within sixty