Full Salary definition
Full Salary means the Employee’s annual base salary, plus the amount of any bonus or incentive payments (excluding payments under the Company’s long-term incentive program) earned or received by the Employee with respect to the last full fiscal year of the Company for which all bonus or incentive payments (excluding payments under the Company’s long-term incentive program) to be made have been made.
Full Salary means salary (within the meaning of paragraph (9)) without deduction;
Full Salary means the Employee's annual base salary, plus the amount of any bonus or incentive payments received by the Employee with respect to the last full fiscal year of the Company for which all bonus or incentive payments to be made have been made. Payments under this Paragraph 5f shall be made without regard to whether the deductibility of such payments (or any other "parachute payments," as that term is defined in Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), to or for the benefit of the Employee) would be limited or precluded by Section 280G and without regard to whether such payments (or any other "parachute payments" as so defined in said Section 280G) would subject the Employee to the federal excise tax levied on certain "excess parachute payments" under Section 4999 of the Code (the "Excise Tax"). In addition, the Employee shall be entitled to receive a payment (the "Gross-Up Payment") which shall be an amount equal to the sum of (a) the Excise Tax imposed on any parachute payment, whether or not payable under this Agreement, and (b) the amount necessary to pay all additional taxes imposed on (or economically borne by) the Employee (including the Excise Tax, state and federal income taxes and all applicable withholding taxes) attributable to the receipt of the Gross-Up Payment, computed assuming the application of the maximum tax rates provided by law. The determination of the Gross-Up Payment shall be made at the Company's expense by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & Co. or by such other certified public accounting firm as the Board of Directors of the Company may designate prior to a Change in Control of the Company. In the event of any underpayment or overpayment under this Paragraph 5f as determined by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & Co. (or such other firm as may have been designated in accordance with the preceding sentence), the amount of such underpayment or overpayment shall forthwith be paid to the Employee or refunded to the Company, as the case may be, with interest at the applicable federal rate provided for in Section 7872(f)(2) of the Code."
Examples of Full Salary in a sentence
The Executive shall be entitled to payment of his Full Salary for periods in which the Executive is called for reserve military service, provided that the Executive obtains for the Company approval to receive the payments due from the Social Security Institute.
Any Salary Reduction shall be memorialized in a demand promissory note, accruing interest in the amount of ten (10%) per annum, executed by Employer , jointly and severally, and issued no later than ten days following any quarter during which Executive receives less than his Full Salary.
Provided further that in the event Executive's Full Salary is reduced at any time during the Term, (i) all officers' and directors' compensation shall also be proportionately reduced and (ii) Employer shall not increase the compensation of any officer, director or employee during any periods in which Executive's Full Salary is reduced until all of the Salary Reduction amounts have been repaid to Executive in full.
Full Salary deductions for absence shall be defined as follows: Twelve-month employees – 1/240th of annual salary for each day of absence.
Any Salary Reduction shall be memorialized in a demand promissory note, accruing interest in the amount of ten (10%) per annum, executed by Employer and CGM Sub, jointly and severally, and issued no later than ten days following any quarter during which Executive receives less than his Full Salary.
More Definitions of Full Salary
Full Salary means the Employee's annual base salary, plus the amount of any bonus or incentive payments received by the Employee with respect to the last full fiscal year of the Company for which all bonus or incentive payments to be made have been made. Payments under this Paragraph 5h shall be made without regard to whether the deductibility of such payments (or any other "parachute payments," as that term is defined in Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), to or for the benefit of the Employee) would be limited or precluded by Section 280G and without regard to whether such payments (or any other "parachute payments" as so defined) would subject the Employee to the federal excise tax levied on certain "excess parachute payments" under Section 4999 of the Code; provided that if the total of all "parachute payments" to or for the benefit of the Employee, after reduction for all federal, state and local taxes (including the tax described in Section 4999 of the Code, if applicable) with respect to such payments (the "Total After-Tax Payments"), would be increased by the limitation or elimination of any payment under this Paragraph 5h, amounts payable under this Paragraph 5h shall be reduced to the extent, and only to the extent, necessary to maximize the Total After-
Full Salary will mean the basic monthly rate, Appendix “A”, the monthly cleaning allowance Clause 20.03, and the call-out differential Clause 10.
Full Salary means the Employee’s then current annual base salary, plus the amount of any bonus or incentive payments (excluding the cash portion of the Company’s long-term incentive program) received by the Employee with respect to the last full fiscal year of the Company prior to the Change in Control for which all bonus or incentive payments (excluding the cash portion of the Company’s long-term incentive program) to be made have been made.” (E) Paragraph 8 shall be amended to read in its entirety as follows: “The Employee may pursue any lawful remedy she deems necessary or appropriate for enforcing her rights under this Agreement following a Change in Control of the Company, and all costs incurred by the Employee in connection therewith (including without limitation attorneys’ fees) shall be promptly reimbursed to her by the Company, regardless of the outcome of such endeavor.”
Full Salary means the Employee's annual base salary, plus the amount of any bonus or incentive payments received by the Employee with respect to the last full fiscal year of the Company for which all bonus or incentive payments to be made have been made. Payments under this Paragraph 5h shall be made without regard to whether the deductibility of such payments (or any other "parachute payments," as that term is defined in Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), to or for the benefit of the Employee) would be limited or precluded by Section 280G and without regard to whether such payments (or any other "parachute payments" as so defined) would subject the
Full Salary means the amount of “Priest Salary” defined by the Compensation Schedule for Priests in the Pastoral Manual (Priests Chapter).
Full Salary means the Employee's annual base salary, plus the amount of any bonus or incentive payments received by the Employee with respect to the last full fiscal year of the Company for which all bonus or incentive payments to be made have been made. Payments under this Paragraph 5f shall be made without regard to whether the deductibility of such payments (or any other "parachute payments," as that term is defined in Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), to or for the benefit of the Employee) would be limited or precluded by Section 280G and without regard to whether such payments (or any other "parachute payments" as so defined in said Section 280G) would subject the Employee to the federal excise tax levied on certain "excess parachute payments" under Section 4999 of the Code (the "Excise Tax"). In addition, the Employee shall be entitled to receive a payment (the "Gross-Up Payment") which shall be an amount equal to the sum of (a) the Excise Tax imposed on any parachute payment, whether or not
Full Salary means the Employee’s then current annual base salary, plus the target value of the Employee’s annual bonus in effect immediately prior to the Change in Control.”