Compensation Level definition

Compensation Level means the sum of (A) the
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Compensation Level means the sum of (A) the greater of (1) Executive's annual base salary in effect on the date of termination or (2) Executive's annual base salary in effect immediately prior to the Change of Control, plus (B) an amount (the "Bonus Amount") equal to the greater of (1) Executive's maximum bonus opportunity under the Company's annual bonus plan ("Maximum Bonus") in respect of the year of Executive's termination of employment determined as of Executive's date of termination or (2) 112.5% of the amount determined under clause (A) of this sentence. Such lump sum payment shall be paid by the Company on the date (the "Payment Date") that is no later than two (2) business days immediately prior to the Anticipated COC Date or, in the case of a Change of Control in respect of which an Anticipated COC Date is not applicable, no later than ten (10) working days following any termination of employment covered by this Section 5. For purposes of this Agreement, the "Anticipated COC Date" is the date
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Examples of Compensation Level in a sentence

  • Committee Compensation Level 4 Committee meetings shall be held in the Greater Toronto Area.

  • Commencing with the 2018-2019 School Year employees will be placed on the Salary Schedule at the first Compensation Level above the employee’s pay rate for the 2017-2018 School Year or compensation level step corresponding to employee’s years of service, whichever is greater.

  • Commencing with the 2018-2019 School Year employees will be placed on the Salary Schedule at the first Compensation Level above the employee’s pay rate for the 2017-2018 School Year or compensation level stepset corresponding to employee’s years of service, whichever is greater.

  • Negotiations Chairperson Assistant Vice President for Human Resources Negotiations Committee Associate Registrar‌ Negotiations Committee Associate Bookstore Manager‌ Negotiations Committee HR Special Projects Assistant‌ Uniserv Director APPENDIX A‌ Clerical, Office and Technical Position Titles and Compensation Levels Position Title Compensation Level Admissions Communication Clerk C1‌ Clerical Aide C1 Library Clerk C1 Accounting Clerk.

  • The compensation plan: Units of Compensation Level in academic year Summer A 4 * 3 credits B 3 * 2 credits * At least one of the units must be a released time.

  • The amount of such advances shall be the excess, if any, of (a) the Compensation Level, over (b) the Net Practice Revenues generated by that cardiologist for the applicable twelve (12) month period less the "Overhead Charge" to that cardiologist for the applicable twelve (12) month period.

  • At no time, however, shall the Maximum Compensation Level of $1,000,000 be exceeded for the Term, regardless of any Compensation Rate increases or adjustments.

  • JHM will provide vacation time to Trainee, of <<number of weeks permitted>> weeks to be taken as determined by the Program Director, in accordance with the Vacation Policy and Compensation Level.

  • As such, to the extent Manager is in agreement with the hiring of a cardiologist by Practice (as evidenced by Manager's written notice of agreement), Manager shall extend to Practice, through advances of funds as necessary, the ability for Practice to guaranty to each such newly-hired cardiologist a pre-tax compensation level as agreed to by Practice and Manager (the "Compensation Level") for each of the first two twelve (12) month periods of such individual's employment by Practice.

  • JHUSOM will provide vacation time to Resident, of four weeks to be taken as determined by the Program Director, in accordance with the Vacation Policy and Compensation Level.

Related to Compensation Level

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Basic Compensation means Salary and Benefits.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).