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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Related to Current Annual Salary

  • 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, 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.