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

• The Corporate Performance Bonus for each eligible Employee is the product of the Aggregate Payout Percentage, times the Employee’s Target Performance Level, times the Employee’s Bonus Eligible Earnings.

• 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.

• Base Eligible Earnings x Corporate Bonus Percentage x Individual Performance Percentage x Company Performance Percentage.

• Terminated Eligible Employees shall be eligible to receive a Personal Performance Bonus based upon an assumed Personal Performance Bonus Factor of 1.0, so that the Terminated Eligible Employees will receive a Personal Performance Bonus at their individual Target Performance Level multiplied by their Bonus Eligible Earnings for the calendar year.

More Definitions of Eligible Earnings

Eligible Earnings means:

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 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 total gross pay for the applicable Plan Year or First Half-Year Period (or the portion thereof during which the Participant is actively employed and eligible to participate in the STIP), including, salary or wages classified by the Company as regular; lump sum merit; paid time off (PTO), whether planned or unplanned; holiday; bereavement; jury duty; retroactive pay; overtime pay; shift differential; language differential; and excluding, salary or wages classified by the Company as disability pay, commission/incentive pay, and bonuses.

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 means the total compensation paid with respect to a Plan Year to a Participant meeting the definition of “Compensation” as set forth in the Qualified Savings Plan, but modified by disregarding the IRS Compensation Limit in such definition and including amounts the Participant elects to defer for such Plan Year to the Carrier Savings Restoration Plan.