Eligible Earnings definition
Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.
Eligible Earnings means (i) for employees in an exempt position, their annualized base salary at the end of the Performance Period while a Plan Participant; and (ii) for employees in non-exempt positions, their base hourly or salary wages annualized at the rate at the end of the Performance Period while a Plan Participant. Other payments and forms of compensation such as overtime are excluded from Eligible Earnings. Prorated consideration will be given for partial year employment situations and leaves of absence.
Eligible Earnings has the same meaning given to that term in the Company’s bonus plan and payroll policies.
Examples of Eligible Earnings in a sentence
Since the adjustment is reflected in the base rate as a new structural increase, it would be considered part of Eligible Earnings under the $uper$aver Plan and would be included in Eligible Earnings under the Profit-Sharing Plan.
Not more than 10 days following the Date of Termination, or, if later, not more than 10 days following the date of the Change in Control, the Company will make a lump-sum cash payment to the Executive in an amount equal to (i) 2.99 times the Executive’s Eligible Earnings, less (ii) any incentive compensation payments made to the Executive for the year ending after the Executive’s Date of Termination.
Based on the strategic and personal performance of the Grantee during the Plan Year, the Plan Administrator may grant between 0% and 30% of the Grantee’s Eligible Earnings.
You may be eligible to receive a semi-annual discretionary bonus of up to a target of 45% of your Base Eligible Earnings as defined in the Company’s bonus plan.
Participant was assigned a target Incentive Award determined as a percent of a Participant's Eligible Earnings.
More Definitions of Eligible Earnings
Eligible Earnings means:
Eligible Earnings means the sum of (i) the Executive’s Base Pay plus (ii) the Executive’s Targeted Incentive.
Eligible Earnings or "Pre-Disability Earnings" means the Covered Person's monthly pay or salary which the Covered Person receives through their academic, nonacademic and/or administrative title(s) payable through the University. This includes such things as stipends for department chairs and shift differentials. However, such earnings will not include bonuses, honoraria or pay in lieu of private practice, general assistance "by-agreement" payments, compensation for extension teaching, compensation received for summer session or other vacation period employment which is more than regular earnings, any pay received which is more than 100% of the full-time equivalent of the Covered Person's regular and normal position, perquisites, overtime pay and extra compensation.
Eligible Earnings means the sum of (i) the average of the Executive’s Base Pay for the last five years of the Company ending on or before the Date of Termination, or if the Executive was employed by the Company for fewer than five years, for the number of years for which the Executive was employed plus (ii) the average of any incentive compensation paid by the Company to the Executive for the last five years of the Company ending on or before the Date of Termination, or if the Executive was eligible to receive such incentive compensation for fewer than five years, for the number of years for which the Executive was eligible. If the Executive’s Base Pay or incentive compensation for a year relates to a period of less than 12 months, the amount of the Base Pay or incentive compensation will be annualized in determining the Executive’s Eligible Earnings.
Eligible Earnings of a Member means the Member’s base salary as determined by the Member’s Employer in accordance with its regular practices in effect from time to time, including compensation received by the Member during any periods of short-term disability or other paid leaves of absence granted under a program sponsored by an Employer (but excluding long-term disability benefit payments), overtime, and off-shift differential payments, and other compensation as may be designated by the Company from time to time.
Eligible Earnings means the aggregate regular earnings plus overtime earnings, if any, received by an Eligible Employee during the Plan Year. For the avoidance of doubt, neither distribution payments or distribution equivalent payments on any Partnership restricted or common units nor any other bonus or sign-on payments received by an Eligible Employee during the Plan Year shall be included in the calculation of Eligible Earnings for an Eligible Employee.
Eligible Earnings means an Eligible Employee’s base salary/base wages, commissions and overtime pay paid during the portion of an Offering during which such Eligible Employee is participating in such Offering. For avoidance of doubt, cash bonuses and other forms of incentive compensation and income generated from stock awards shall not be included in “Eligible Earnings”.