Final Base Compensation definition

Final Base Compensation means a Participant's Base Compensation in effect at the time of the Participant's retirement, termination of employment, termination of participation, death or disability, whichever is applicable, computed as an annual amount by multiplying the then applicable monthly Base Compensation in effect by 12.
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Final Base Compensation means a Participant's Base Compensation in effect, as applicable (i) at the time of the Participant's Separation from Service, Participant's death, or Change In Control for purposes of Section 4.08(b)(1) or (2), or (ii) immediately prior to Participant's Disability leave, as provided in Section 4.12(d), and computed as an annual amount by multiplying the then applicable monthly Base Compensation in effect by 12.
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Final Base Compensation means the average annual base salary for those 12 consecutive calendar months yielding the highest such amount during the last 120 consecutive calendar months of Mr. Korbell's employment.
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Examples of Final Base Compensation in a sentence

  • Final Base Compensation shall be determined without regard to any elective reduction thereof resulting from the Participant’s participation in any of the Corporation’s employee benefit plans.

  • APPENDIX CFor purposes of this Appendix C only, Final Base Compensation shall mean Compensation determined at the date of death, but deemed adjusted by four percent (4%) increases, compounded annually, until age 65.ROBERT F.

  • As of any date, a Participant's accrued benefit shall be an annual benefit in the form of a straight life annuity equal to 40% of Final Base Compensation.

  • In the event a Participant is credited with additional years of Benefit Service pursuant to the CIT Executive Severance Plan or any employment agreement with the Company, his accrued benefit attributable to such additional years of Benefit Service shall be based on his Final Base Compensation determined at the time of his Separation from Service.

  • Twenty-five percent (25%) of the Qualifying Participant’s Final Base Compensation (defined below); orb.

  • For purposes of this Section 4.5, a Participant with less than 10 years of Benefit Service shall be eligible to receive an annual benefit in the form of a straight life annuity equal to 5% of Final Base Compensation for each year of Benefit Service accrued through the date of termination of employment reduced by the sum of the offset amounts set forth in Section 3.1 above.

  • If the Plan is terminated by the Board (or any successor thereto) pursuant to Section 5.10 hereto, each Participant shall be deemed vested in his retirement benefit and shall be eligible to receive payment of his retirement benefit in accordance with the terms of the -8- 10 Plan, provided that such benefit shall be computed based on the Participant's Final Base Compensation on the date of termination of the Plan.

  • The amount of a Member's SERP Benefit at his or her Normal Retirement Date shall be equal to the percentage multiplier established by the Committee for such Member (as set forth in Appendix A) multiplied by the Member's Final Base Compensation.

  • Final Base Compensation shall be determined without regard to any elective reduction thereof resulting from the Participant’s participation in any of the Corporation’s employee benefit plans.Participant.

  • APPENDIX C For purposes of this Appendix C only, Final Base Compensation shall mean Compensation determined at the date of death, but deemed adjusted by four percent (4%) increases, compounded annually, until age 65.


More Definitions of Final Base Compensation

Final Base Compensation means a Participant’s Base Compensation in effect, as applicable (i) at the time of the Participant’s Separation from Service, Participant’s death, or Change in Control for purposes of Section 4.08(b)(1) or (2), or (ii) immediately prior to Participant’s Disability leave, as provided in Section 4.12(d), and computed as an annual amount by multiplying the then applicable monthly Base Compensation in effect by 12.
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Final Base Compensation means Base Compensation in excess of the amount of Base Compensation used to determine benefits under the Permanent Life Insurance Plan of The CIT Group Holdings, Inc.
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Final Base Compensation means highest Base Compensation received for any 12-consecutive-month-period during any of the five-consecutive-12-month periods ending on a Participant’s retirement date.
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Related to Final Base Compensation

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Final compensation of a member means:

  • Final Salary means the average annual salary for service for which

  • Annual Salary means the salary given under this Part.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Annual Compensation means an amount equal to the greater of:

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Earnable compensation means the full rate of the

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Salary as defined in Section 3.1(a).

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Reasonable compensation means, with respect to a regularly employed officer or employee of any person, compensation that is consistent with the normal compensation for such officer or employee for work that is not furnished to, not funded by, or not furnished in cooperation with the Federal Government.

  • Basic Compensation means Salary and Benefits.

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Creditable compensation means the full compensation payable annually to an employee working

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.