Highest Annual Base Salary definition

Highest Annual Base Salary means highest annual base salary paid by the Company or an Affiliate to the Executive for any calendar year during the sixty (60) consecutive month period immediately preceding the Termination Date. For purposes of this determination, annual base salary shall be annualized for any period of less that one complete calendar year.
View Source
Highest Annual Base Salary means the highest base salary set for an Eligible Employee by the Company for any year prior to a Trigger Event. Base salary does not include bonuses and other incentive compensation.
View Source
Highest Annual Base Salary means the highest annual base salary paid by the Company or an Affiliate to the Executive for any calendar year during the sixty (60) consecutive month period immediately preceding the Termination Date. For purposes of this determination, annual base salary shall be annualized for any period of less than one complete calendar year. 2.23 “Long-Term Performance Plan” means a cash incentive plan administered by the compensation committee of the Company’s board of directors which provides for cash payments to key employees contingent upon the attainment of multi-year performance goals. 2.24 “Make-Whole Payment” has the meaning set forth in Section 6.4. 2.25 “Payment Date” means the 30th day following the Executive’s Termination Date. 2.26 “Performance Period” has the meaning set forth in Section 3.2(b). 2.27 “Plans” has the meaning set forth in Section 3.2(c). 2.28 “Profit Sharing Plan” means the Commercial Metals Companies Retirement Plan, including its supplemental contributions provisions, or any successor plan thereto. 2.29 “Short Fall Amount” has the meaning set forth in Section 6.4. 2.30 “Qualifying Termination” means a Constructive Termination of the Executive’s employment pursuant to Section 4.4. 2.31 “Termination Date” means the date of termination of the Executive’s employment; provided, however, that if the Executive’s employment is terminated by reason of Disability, then the Termination Date shall be the Disability Effective Date (as defined in Section 4.1). 2.32 “Welfare Continuance Benefit” has the meaning set forth in Section 5.1(d). 2.33 “Welfare Plans” means the Company’s plans, practices, policies and programs that provide welfare benefits including, but not limited to, medical, prescription, dental, disability, group life, accidental death and travel accident insurance benefits.
View Source

Examples of Highest Annual Base Salary in a sentence

  • The Executive’s Highest Annual Base Salary is $250,000 as of the Amendment Date.

  • The payment to be paid to Executive pursuant to Section 5.1(b) will be equal to 2.5 times the sum of the Executive’s Highest Annual Base Salary ($250,000) and the Executive’s Highest Annual Bonus ($100,000).

  • The Executive’s Highest Annual Base Salary is $180,000 as of the Amendment Date.

  • The Executive’s Highest Annual Base Salary is $235,000 as of the Amendment Date.

  • The payment to be paid to Executive pursuant to Section 5.1(b) will be equal to 2.5 times the sum of the Executive’s Highest Annual Base Salary ($235,000) and the Executive’s Highest Annual Bonus ($94,000).

  • The Executive’s Highest Annual Base Salary is $485,000 as of the Amendment Date.

  • The payment to be paid to Executive pursuant to Section 5.1(b) will be equal to 2.5 times the sum of the Executive’s Highest Annual Base Salary ($180,000) and the Executive’s Highest Annual Bonus ($72,000).

Related to Highest Annual Base Salary

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

  • 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.

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

  • Annual Salary means the salary given under this Part.

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