Current Annual Salary definition

Current Annual Salary for exempt personnel shall mean current gross annual salary, excluding incentive payments, profit sharing payments and commissions. "Current Annual Salary" for non-exempt personnel shall mean an amount determined by multiplying the current hourly rate times 1950 hours, and excludes incentive payments, profit sharing payments and commissions.
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Current Annual Salary means the amount of Base Salary actually paid to Executive during the 52-week year immediately prior to his Termination of Employment.
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Current Annual Salary for non-exempt personnel shall mean an amount determined by multiplying the current hourly rate times 1950 hours, and excludes incentive payments, profit sharing payments and commissions.
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Examples of Current Annual Salary in a sentence

  • If your employment shall be severed on account of your Disability, you shall be entitled to a severance payment equal to fifty percent (50%) of your Current Annual Salary.

  • The total bonus amount for which you may be eligible shall be a one time payment equal to 100% of your Current Annual Salary, payable on or after April 30, 2009, (an amount equal to $550,000.16), less applicable withholdings, and subject to the Bonus Conditions set forth below (“Bonus Payment”).

  • If either (i) the Company terminates your employment for any reason other than for "Cause," or (ii) the Company decreases your base salary for any year to a level that is less than eighty percent (80%) of your base salary for any prior year and you resign after such decrease, then you shall be entitled to a severance payment equal to one hundred percent (100%) of your Current Annual Salary.

  • The total bonus amount for which you may be eligible shall be a one time payment equal to 100% of your Current Annual Salary, payable on or after April 30, 2009, (an amount equal to $425,000.16), less applicable withholdings, and subject to the Bonus Conditions set forth below (“Bonus Payment”).

  • The total bonus amount for which you may be eligible shall be a one time payment equal to 100% of your Current Annual Salary, payable on or after April 30, 2009, (an amount equal to $400,000.08), less applicable withholdings, and subject to the Bonus Conditions set forth below (“Bonus Payment”).

  • If a Change in Control is consummated and on the date of the consummation of the Change in Control, the Executive is employed by WNB in a position having the same level of responsibilities as the position that Executive held on the date hereof (or in a similar position with enhanced responsibilities), WNB shall pay to the Executive in a lump sum, in cash, within five days following the date of the Change in Control, a Retention Bonus of 200% of his Current Annual Salary as defined above in paragraph 2(c).

  • The total bonus amount for which you may be eligible shall be a one time payment equal to 100% of your Current Annual Salary, payable on or after April 30, 2009, (an amount equal to $550,000.00), less applicable withholdings, and subject to the Bonus Conditions set forth below (“Bonus Payment”).

  • If your employment shall be severed on account of your Retirement or Death, you shall be entitled to a severance payment equal to one hundred and fifty percent (150%) of your Current Annual Salary.

  • If a Change in Control is consummated and on the date of the consummation of the Change in Control, the Executive is employed by WNB in a position having the same level of responsibilities as the position that Executive held on the date hereof (or in a similar position with enhanced responsibilities), WNB shall pay to the Executive in a lump sum, in cash, within five days following the date of the Change in Control, a Retention Bonus of 150% of his Current Annual Salary as defined above in paragraph 2(c).


More Definitions of Current Annual Salary

Current Annual Salary means current gross annual salary, excluding incentive payments, profit sharing payments and commissions.
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Current Annual Salary means the total amount of salary (excluding any bonus or deferred compensation) to which Employee was entitled during the last twelve months prior to the Triggering Event, as defined in paragraph 3. If Employee was not employed full-time by the Corporation for the full twelve months before the Triggering Event, then his Current Annual Salary shall be the total amount of salary to which Employee was entitled in the last consecutive or nonconsecutive twelve months of full time employment by the Corporation prior to the Triggering Event.
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Related to Current Annual Salary

  • Current Annual Compensation means the greater of:

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Annual Salary means the salary given under this Part.

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

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

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

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

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Pro-rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

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

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Annual Compensation means an amount equal to the greater of:

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Salary as defined in Section 3.1(a).

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Final Salary means the average annual salary for service for which

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Earnable compensation means the full rate of the