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 Holmxx' Xxse 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 Reynxxxx) xxrned by Holmxx xxxing the three (3) calendar years preceding his termination of employment.
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).
Examples of Final Annual Compensation in a sentence
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.
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.
The sum of the Participant’s accrued target percentage credits under 2.01-2 is multiplied by Final Annual Compensation.
For purposes of determining Final Average Compensation under this section, the Participant shall be deemed to have earned an amount equal to Final Annual Compensation during each year the Disability continues.
The Plan Administrator shall establish rules and procedures to be followed by Participants in filing applications for benefits and for furnishing and verifying proofs necessary to establish age, Years of Service, Final Annual Compensation, and any other matters required in order to establish determine their rights to benefits in accordance with the Plan.
More Definitions of Final Annual Compensation
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 pxxxxxxxx his termination of employment.
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 Reynxxxx) xxrned 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 Reynxxxx) xx 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 Reynxxxx xxx Reynxxxx Xxxpany Non-Union Pension Plan, as the same may be amended from time to time. (m) "Supplemental Plan" shall mean Reynxxxx' xxisting Supplemental Retirement Plan, as the same may be amended from time to time.
Final Annual Compensation means the annual average determined by taking the sum of the Participant’s Total Compensation for the five (5) consecutive Compensation Years out of the Participant’s final ten (10) Compensation Years with the Company which produce the highest total amount, and dividing such sum by five (5). If a Participant receives a Promotion (as defined below) and then has a Separation from Service before December 31 of the fourth Compensation Year that commenced on or after the effective date of such Promotion, Final Annual Compensation shall be based on a three (3) year average instead of a five (5) year average. If a Participant receives a Promotion and then has a Separation from Service on or after December 31 of the fourth Compensation Year, and before December 31 of the fifth Compensation Year, that commenced on or after the effective date of such Promotion, Final Annual Compensation shall instead be based on a four (4) year average. A “Promotion” shall include any promotion to the position of Chief Executive Officer, President or Chief Financial Officer or any other change in title that the Committee determines to include a significant increase in responsibilities. Notwithstanding the foregoing, if any Participant has a Separation from Service on or before December 31, 2010, Final Annual Compensation shall instead be based on a three (3) year average. 1.07-1 Total Compensation for any Compensation Year means the sum of (a) plus (b):
Final Annual Compensation means Nevix'x Xxxe Compensation at the time of termination of employment plus an amount equal to the average of all Bonuses (excluding any
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 preceding the Participant's Retirement, or such other amount the Committee may specify.
Final Annual Compensation means Bausxxx'x Xxxe 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 Reynxxxx) xxrned by Bausxxx xxxing the three (3) calendar years preceding his termination of employment. (l) "Final Average Annual Compensation" shall mean the average of Bausxxx'x Xxxe Compensation and Bonuses (excluding any compensation attributable to stock options of any type granted by Reynxxxx) xx determined for the five (5) consecutive calendar years of the last ten (10) calendar years preceding and including the calendar year in which Bausxxx'x xxxloyment terminates which yields the highest sum.
Final Annual Compensation means the annual average determined by taking the sum of the Participant’s Total Compensation for the three (3) consecutive Compensation Years out of the Participant’s final ten (10) Compensation Years with the Company which produce the highest three (3) year total amount, and dividing such sum by three (3). 1.07-1 Total Compensation for any Compensation Year means the sum of (a) plus (b):