Gross Base Salary definition

Gross Base Salary means the base salary in the respective month without any other special benefits such as Vacation Bonus, Christmas Bonus, Profit Sharing, Overtime payments, or other benefits such as meal allowances and exclusive of Shift Bonuses.
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Gross Base Salary means the participant’s regular annual cash compensation, before pre-tax deduction for benefits, if any, paid for the period in the fiscal year during with respect to which Employee’s incentive compensation is being calculated hereunder. Specifically excluded from Gross Base Salary are: (i) amounts grossed up in any of Employee’s compensation for tax reporting purposes; (ii) gain realized on the grant or exercise of stock options and the grant of restricted stock or the lapse of conditions related thereto; (iii) dividends credited to a restricted stock or stock subject to options; (iv) incentive payments; (v) amounts paid for automobile allowance and/or expenses; and (vi) any other amounts determined by the Company to be other than regular monthly cash compensation.
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Examples of Gross Base Salary in a sentence

  • Gross Base Salary $ 16,000.00 per month Auto Allowance Company paid as is at present time Medical Company paid as is at present time Life Insurance $ 400.00 per month Holidays Company policy and procedures Vacation Twenty One (21) days per year Pension and Profit sharing Company policy and procedures Bonus Plan 5% of adjusted net profits for a period commencing on the Employment Date and ending twenty four (24) months thereafter.

  • Annual Gross Base Salary The actual annual salary as registered in SAP HRMS, or any succeeding system per enrollment date in relation to actual contractual employed percentage.

  • Executive’s Gross Base Salary, is hereinafter referred to as “Base Salary.” During the Term, the Company shall pay to Executive an annual Base Salary at the rate of $349,000, paid in accordance with the Company’s regular payroll practices, but not less frequently than monthly.

  • Gross Base Salary $15,000.00 per month Auto Allowance $500 per month Medical Company paid as is at present time Life Insurance S400.00 per month Holidays Company policy and procedures Vacation Twenty One (21) days per year Pension and Profit sharing Company policy and procedures Stock Bonus Plan A Warrant to purchase 1,000,000 shares of the Company's common stock ("Shares") at a price of ten cents (S.10) per share ("Exhibit A" attached herein).

  • Gross Base Salary - $175,000 annually for the term of employment.

  • Gross Base Salary $150,000 Annually, for an initial 90 day term, at which time Executive’s performance will be evaluated and Gross Base Salary may be subject to Gross Base Salary Increase as described below Gross Base Salary Increase $30,000 Annually, on or before July 1, 2006, contingent on performance Signing Bonus $5,000, payable on signing; $7,500 payable on or before 90 days following the date of this Agreement.

  • The Gross Base Salary shall be payable in a manner that is consistent with the Company’s usual payroll practices for senior executives.

  • No notice has been received or, to the knowledge of ABB, allegation made that a register or book is incorrect or should be rectified in any material respect.

  • For purposes of clarity, (x) the Executive’s Gross Base Salary and Bonus Eligible Base Salary shall be reviewed and/or redetermined independently, therefore any change to the Bonus Eligible Base Salary shall not automatically result in a corresponding change to the Gross Base Salary and any change to the Gross Base Salary shall not automatically result in a corresponding change to the Bonus Eligible Base Salary and (y) in no event shall the Gross Base Salary be lower than the Bonus Eligible Base Salary.

  • Executive’s initial Gross Base Salary, is hereinafter referred to as “Base Salary.” During the term, the Company shall pay to Executive an annual Base Salary at the rate of $275,000, paid in accordance with the Company’s regular payroll practices, but not less frequently than monthly.

Related to Gross Base Salary

  • 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).

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

  • Annual Salary means the salary given under this Part.

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