Current Compensation definition

Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

Current Compensation means an amount equal to the greater of (A) Employee's highest annual base salary for the year preceding the year in which the termination occurs, or (B) Employee's annual base salary at any time during the year in which the termination occurs.

Current Compensation means an amount equal to the sum of (i) the Base Salary and (ii) the Employee’s annual and quarterly bonuses for the fiscal year preceding the fiscal year in which severance benefits become payable to the Employee pursuant to Section 4(a) or (b) below.

Examples of Current Compensation in a sentence

• The Employee shall be entitled to receive continuing payments of severance pay during the Compensation Continuation Period at a rate equal to the Employee’s Current Compensation.

• SunTrust shall pay Executive two (2) times Executive’s Current Compensation Package in cash in a lump sum within 30 days after the date Executive’s employment so terminates.

• If the Executive's employment is terminated for “Cause,” the Executive will not be entitled to and the Company shall not be obligated to pay any compensation or benefits of any type following the effective date of termination, but the Executive shall be entitled to receive any Accrued Current Compensation, and to be reimbursed in accordance with Company policy for any reimbursable expenses remaining due and owing that have not been reimbursed prior to his termination.

• Further, upon the Executive’s termination of employment at or after the expiration of this Agreement, the Executive shall be entitled to receive any Accrued Current Compensation, and to be reimbursed in accordance with Company policy for any reimbursable expenses remaining due and owing that have not been reimbursed prior to his termination.

• SunTrust shall pay Executive two (2) times Executive’s Current Compensation Package.

More Definitions of Current Compensation

Current Compensation means the component of Compensation other than Deferred Compensation.

Current Compensation means the gross cash compensation (including wage, salary and overtime earnings) paid by the Company or a Participating Affiliate to a Participant in accordance with the terms of employment, but excluding all expense allowances (including relocation and spousal travel expenses), severance payments, and compensation payable in a form other than cash.

Current Compensation means an amount equal to the greater of (i) Executive’s Base Salary earned in the fiscal year preceding the fiscal year of Executive’s termination, or (ii) Executive’s Base Salary for the fiscal year of Executive’s termination.

Current Compensation means cash compensation for the performance of services paid not later than the fifteenth day of the third calendar month after the end of the employer's taxable year during which the services are performed.

Current Compensation means an amount equal to the Employee's three-year average annual base salary and three-year average annual bonus over the three preceding fiscal years.

Current Compensation for a reporting period means the sum of:

Current Compensation means your monthly base salary, as in effect immediately prior to your termination of employment with the Company.