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 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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Examples of Current Annual Salary in a sentence

  • Job Title / Department: President & Chief Operating Officer Hire Date: October 16, 1989 Last Working Day: March 31, 2006 Years of Service at Termination: 16.5 Current Annual Salary: $ 299,300.00 Current Monthly Salary: $ 24,941.67 In addition to the payment of normal final pro-rated salary, ▇▇.

  • Effective upon ratification, the salaries payable to bargaining unit members shall be as follows: Position Current Annual Salary Effective 10/1/24 (3%) Effective 10/1/25 (3%) Effective 10/1/26 (3%) *effective 6/23/24 Section 3.

  • 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 formula for making said conversion shall be: Severance Pay = Sick Leave Days X Then Current Annual Salary The Superintendent shall be granted three (3) personal days per year to be, if used, deducted from accumulated sick leave.

  • 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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