Employee’s Compensation definition

Employee’s Compensation means the higher of base salary at the time of the Change of Control or at termination of the Employee’s employment, plus the highest bonus paid to the Employee during five (5) years preceding his termination;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Employee’s Compensation means: (I) the higher of the EMPLOYEE’S annual base salary immediately prior to occurrence of the CHANGE OF CONTROL or termination of the EMPLOYEE’S employment; plus (II) the annual highest bonus paid to the EMPLOYEE by the EMPLOYERS during the five years preceding his termination or such shorter period of time as the EMPLOYEE has been employed by the EMPLOYERS;

Employee’s Compensation means "Annual Base Salary", "Bonus" and "Performance Unit Plan Payments" as such terms are defined below.

Examples of Employee’s Compensation in a sentence

Notwithstanding this Subsection 4(b), if Employee dies while employed by Employer, Employee’s estate shall receive Employee’s Compensation as defined in Section 3 herein for a period of two years.
In no event shall the aggregate amount of Matching Contributions under an Enhanced Matching Formula exceed 6% of an eligible Employee’s Compensation.
Except as otherwise set forth in Section 5.8 hereof, if Employee’s employment shall be terminated for Cause or if Employee shall resign Employee’s position with the Corporation, the Corporation shall pay Employee’s Compensation only through the last day of Employee’s employment by the Corporation.
For each Plan Year, the Employer shall contribute and allocate to each Eligible Employee’s account an amount equal to the Employee’s Elective Deferral contribution up to a limit of 3% of the Employee’s Compensation for the full Plan Year.
The Basic Matching Formula provides a Matching Contribution on behalf of each eligible Employee who is making Elective Deferrals or ▇▇▇▇ Elective Deferrals to the Plan in an amount equal to 100% of the amount of the Employee’s Elective Deferrals or ▇▇▇▇ Elective Deferrals that do not exceed 3% of the Employee’s Compensation and 50% of the amount of the Employee’s Elective Deferrals or ▇▇▇▇ Elective Deferrals that exceed 3% of the Employee’s Compensation but do not exceed 5% of the Employee’s Compensation.
Except as otherwise set forth in Section 5.7 hereof, if Employee’s employment shall be terminated for Cause or if Employee shall resign Employee’s position with the Corporation, the Corporation shall pay Employee’s Compensation only through the last day of Employee’s employment by the Corporation.
A Plan satisfying the ADP Safe Harbor using the Enhanced Matching Formula under which Matching Contributions made with respect to Elective Deferrals or ▇▇▇▇ Elective Deferrals that are not made in excess of 6% of the eligible Employee’s Compensation, automatically satisfies the ACP Test if no Voluntary After-tax Contributions or other Matching Contribution is made under the Plan.
Except as otherwise set forth in Section 5.7 hereof, if the Company shall give notice to Employee in accordance with Section 1.2 hereof that this Agreement will not be renewed but Employee’s employment is not terminated, the Company shall continue to be obligated to pay Employee’s Compensation for a period of one year beginning on the date notice of non-renewal is given.
The Employee’s Compensation only for the portion of the Plan Year in which the Employee actually is a Participant.
The allocation rate for any Employee is equal to the sum of Employer Non-Elective Contributions and any forfeitures allocated to the Employee’s account, divided by the Employee’s Compensation as defined in paragraph 1.17.

More Definitions of Employee’s Compensation

Employee’s Compensation means: (I) the higher of the Employee’s annual base salary immediately prior to occurrence of the Change of Control or termination of the Employee’s employment without Just Cause; plus

Employee’s Compensation. For purposes of this Agreement, "Employee's Compensation" shall mean "Annual Base Salary", "Bonus" and "Performance Unit Plan Payments" as such terms are defined below.

Employee’s Compensation means (x) the sum of the Employee’s then current Base Salary plus the average of Employee’s actual cash bonus for the prior two calendar years (including the Annual Bonus for 2008 and subsequent years, and the prior bonuses received by Employee from Strategos for earlier years) divided by (y) 12.