Final Annual Compensation definition
Final Annual Compensation means Employee's Base Compensation at the time of termination of employment plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reynolds) earned by Employee during the three (3) calendar years p▇▇▇▇▇▇▇▇ his termination of employment.
Final Annual Compensation means the Participant's Compensation earned during the twelve (12) consecutive complete months of employment with Employer prior to the Participant's Disability.
Final Annual Compensation means Holm▇▇' ▇▇se Compensation at the time of termination of employment plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Holm▇▇ ▇▇▇ing the three (3) calendar years preceding his termination of employment. (k) "Final Average Annual Compensation" shall mean the average of Holm▇▇' ▇▇se Compensation and Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇ determined for the five (5) consecutive calendar years of the last ten (10) calendar years preceding and including the calendar year in which Holm▇▇' ▇▇ployment terminates which yields the highest sum. (l) "Pension Plan" shall mean the existing Reyn▇▇▇▇ ▇▇▇ Reyn▇▇▇▇ ▇▇▇pany Non-Union Pension Plan, as the same may be amended from time to time. (m) "Retirement Benefits" shall mean payments to Holm▇▇ ▇▇▇ed upon his lifetime in an annual amount equal to a designated percentage of Holm▇▇' ▇▇nal Average Annual Compensation or, in the case of Section 8(d) below, Final Annual Compensation, which shall
Examples of Final Annual Compensation in a sentence
An amount equal to one and one half (1½) times the Final Annual Compensation shall be paid in a lump sum on the first regular payroll date after the end of the six-month period following the Executive’s termination.
For this purpose, "Average Final Annual Compensation" shall be defined as the Executive's average cash compensation for the 36 consecutive months of highest cash compensation or such shorter period as the Executive has been employed by the Company, if the Executive has been employed for less than 36 months with the Company.
Final Annual Compensation is calculated prior to any reduction for amounts deferred under the Company's Executive Deferred Compensation Plan or Retirement K Savings Plan.
Preretirement Death Benefit If before age 55 and 15 years of Service, 25% of Final Annual Compensation payable to beneficiary for 10 years.
Final Annual Compensation if the Participant has completed at least 25 years of Service, otherwise 65% of Final Annual Compensation, MINUS The Participant's Normal Retirement allowance under the Retirement Plan payable as a single life annuity at age 65, MINUS The Participant's Primary Social Security Benefit payable at age 65, MINUS The Participant's Supplemental Retirement Benefit (if any) under the Executive Deferred Compensation Plan payable as a single life annuity at age 65.
More Definitions of Final Annual Compensation
Final Annual Compensation means the Participant’s Compensation paid during the twelve (12) consecutive complete months of employment with Employer prior to the Participant’s Disability.
Final Annual Compensation means the sum of A + B, where “A” equals the Average Monthly Salary, multiplied by twelve, and “B” equals the average annual bonus earned by the Participant (regardless of when actually paid) for the three most recent consecutive fiscal years of the Company ending prior to the Participant’s retirement or other termination of employment (including, without limitation, death) occurs; provided, however, that “B” shall be limited to a maximum amount equal to 100% of “A.”
Final Annual Compensation means the sum of the Participant's annual base salary plus target annual incentive compensation award under the Economic Value Added Plan (or comparable successor plan) immediately
Final Annual Compensation means the annual average determined by --------------------------- taking the sum of the total compensation paid to the Participant during the three (3) consecutive compensation years out of the Participant's final ten (10) years of employment with the Company which produce the highest three (3) year total amount, and dividing such sum by three (3).
Final Annual Compensation means Baus▇▇▇'▇ ▇▇▇e Compensation at the time of termination of employment plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Baus▇▇▇ ▇▇▇ing the three (3) calendar years preceding his termination of employment. (l) "Final Average Annual Compensation" shall mean the average of Baus▇▇▇'▇ ▇▇▇e Compensation and Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇ determined for the five (5) consecutive calendar years of the last ten (10) calendar years preceding and including the calendar year in which Baus▇▇▇'▇ ▇▇▇loyment terminates which yields the highest sum.
Final Annual Compensation means Employee's Base Compensation at the time of termination of employment plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Employee during the three (3) calendar years preceding his termination of employment. (k) "Final Average Annual Compensation" shall mean the average of Employee's Base Compensation and Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇ determined for the five (5) consecutive calendar years of the last ten (10) calendar years preceding and including the calendar year in which Employee's employment terminates which yields the highest sum. (l) "Pension Plan" shall mean the existing Reyn▇▇▇▇ ▇▇▇ Reyn▇▇▇▇ ▇▇▇pany Non-Union Pension Plan, as the same may be amended from time to time. (m) "Retirement Benefits" shall mean payments to Employee based upon his lifetime in an annual amount equal to a designated percentage of Employee's Final Average Annual Compensation or, in the case of Section 7(d) below, Final Annual Compensation, which shall be comprised of the sum of (i) Employee's primary Social Security retirement benefits when he is entitled to receive such benefit (age sixty-two (62)) [until that time an amount equal to the primary Social Security retirement benefit shall be paid to Employee from Reyn▇▇▇▇' ▇▇pplemental Plan], (ii) Employee's pension benefits determined as a life annuity (without regard to actual payment form) under the Pension Plan and deferred compensation payments under the Non-Qualified Deferred
Final Annual Compensation means Proud's Base Compensation at the time of termination of employment plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Proud during the three (3) calendar years preceding his termination of employment. (k) "Final Average Annual Compensation" shall mean the average of Proud's Base Compensation and Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇ determined for the five (5) consecutive calendar years of the last ten (10) calendar years preceding and including the calendar year in which Proud's employment terminates which yields the highest sum. (l) "Pension Plan" shall mean the existing Reyn▇▇▇▇ ▇▇▇ Reyn▇▇▇▇ ▇▇▇pany Non-Union Pension Plan, as the same may be amended from time to time. (m) "Supplemental Plan" shall mean Reyn▇▇▇▇' ▇▇isting Supplemental Retirement Plan, as the same may be amended from time to time.