Final Base Salary means the average of the two (2) highest annual rates of base salary paid by the Company and/or the Bank to any of the Company's Named Executive Officers during the five (5) calendar years preceding the triggering event referred to in Sections 2.1 and/or 2.2, as applicable (including, as the fifth year, the partial year in which such triggering event occurs).

Final Base Salary means the Executive’s Annual Base Salary as in effect immediately prior to the termination of the Executive’s employment (or, if clause (i) or (ii) of “Good Reason” is implicated, immediately before any relevant diminution of the Executive’s Annual Base Salary).

Final Base Salary means the Executive’s average annual base salary for the highest three (3) consecutive calendar year period ending at the earlier of the Executive’s Normal Retirement Age or the date of the Executive’s Termination of Employment within two (2) years after a Change in Control.

Examples of Final Base Salary in a sentence

The annual benefit under this Section 2.2 is thirty percent (30%) of Final Base Salary (except that such percentage shall increase as provided in the schedule set forth in Section 2.1.1), subject to the following vesting schedule.
For purposes of determining Final Base Salary under this Section 3.1, if at the time of his death the Executive was employed by the Company and the Bank for (i) less than five (5) years, the average base salary shall be based on the highest three (3) of the total years employed or (ii) less than three (3) years, the average base salary shall be the highest base salary in any year employed.
The annual benefit under this Section 3.1 is thirty percent (30%) of the Executive’s Final Base Salary.
The annual benefit under this Section 2.1 is thirty percent (30%) of the Executive’s Final Base Salary.
The annual benefit under this Section 2.4 is thirty percent (30%) of the Executive’s Final Base Salary.

More Definitions of Final Base Salary

Final Base Salary means the average base annual salary, excluding bonuses, commissions, fringe benefits, and incentive compensation but including deferrals under any retirement, reimbursement or cafeteria plan, of the highest three (3) of the last five (5) years in which the Executive is employed by the Company or the Bank.

Final Base Salary means the regular cash compensation expected to be paid to Insured during the calendar year in which Insured’s death occurs for services rendered or labor performed, including base pay Insured could have received in cash in lieu of (i) contributions made on Insured's behalf to a qualified plan maintained by the Bank or to any cafeteria plan under Section 125 of the Code maintained by the Bank and (ii) deferrals of compensation made at the Insured's election pursuant to a plan or arrangement of the Bank or an affiliate, but excluding any bonuses, incentive pay or special awards.

Final Base Salary means the Annual Base Salary (as defined in Employment Agreement) as in effect immediately prior to the Retirement Date.

Final Base Salary means the Participant’s monthly base salary rate, before any pre-tax reductions pursuant to the Participant’s elections under IRC § § 125 or 402(e)(3), for the calendar month in which Participant’s Termination of Employment occurs, without regard to any limitations on compensation under the Code, including those under IRC § 401(a)(17).

Final Base Salary means the Insured’s annual rate of salary on the date of death, including salary Insured could have received in cash in lieu of (i) contributions made on Insured's behalf to a qualified plan maintained by the Bank or to any cafeteria plan under Section 125 of the Code maintained by the Bank and (ii) deferrals of compensation made at the Insured's election pursuant to a plan or arrangement of the Bank or an affiliate, but excluding any bonuses, incentive pay or special awards.

Final Base Salary means the average of Xxxxx three (3) highest base salaries during his employment with UBS or an affiliated or successor entity to UBS.

Final Base Salary means the higher of a Participant’s Base Salary in effect (x) on the date of the Participant’s Covered Termination (without giving effect to any reduction in Base Salary that would constitute Good Reason for Constructive Termination) or (y) immediately prior to the Change in Control; provided, however, that if the Participant has, during the twelve (12) months prior to the date of the Participant’s Covered Termination or the Change in Control, as applicable, taken a voluntary pay reduction, then the Participant’s Final Base Salary will be determined without regard to such voluntary pay reduction.