Highest Average Compensation definition

Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

Highest Average Compensation means the average compensation for the three consecutive years of service with the employer that produces the highest average.

Highest Average Compensation means the average of a Member's high three consecutive Plan Years (determined as of the close of the Plan Year) of employment with the Employer or the actual number of years of employment for those Members who are employed for less than three consecutive years with the Employer.

Examples of Highest Average Compensation in a sentence

• Surgical procedures considered appropriate for Holroyd Private Hospital have been listed in the Paediatric Manual.

• Highest average compensation" meansthe a member's highest average monthly compensation received by a member for during any 3 years of continuous service upon which contributions have been made 36 consecutive months of membership service or, in the event a member has not served 3 years at least 36 months, the total compensation earned divided by the number of months served of service.

• Highest average compensation" meansthe average of the a member's highest average monthly compensation during any 36 consecutive months of membership service in the retirement system.

• Any appropriation of the Organisation’s properties for personal use or personal gain is strictly prohibited and may amount to an offence under the Theft Ordinance (Cap.

• Highest average compensation" meansthe a member's highest average monthly compensation received by a member for during any 3 years 36 consecutive months of continuous service from which contributions were deducted membership service or, in the event that a member has not served 3 years at least 36 months, the total compensation earned divided by the number of months served of service.

More Definitions of Highest Average Compensation

Highest Average Compensation means a Participant’s average Top-Heavy Compensation for the five (5) consecutive years during which his aggregate Top-Heavy Compensation was highest, excluding compensation earned by such Participant:

Highest Average Compensation means the average Compensation for the three (3) consecutive Years of Service with the County that produces the highest average. If the Participant has less than three (3) consecutive Years of Service, the highest average will be based on the Participant’s longest consecutive period of Service, including fractions of years, but not less than one (1) year.

Highest Average Compensation means the highest average of the Participant's Compensation for three consecutive years.

Highest Average Compensation means the a member's highest average monthly compensation received by a member for during any 3 years 36 consecutive months of continuous service upon which contributions were made membership service or, in the event a member has not served 3 years at least 36 months, the total compensation earned divided by the number of months served of service. Lump-sum payments for severance pay, including payment for compensatory leave, sick leave, and annual leave, paid to an employee the member upon termination of employment may be used in the calculation of a retirement benefit only to the extent that they are used to replace, on a month-for-month basis, the normal compensation for a month or months included in the calculation of the highest average compensation. A lump-sum payment may not be added to a single month's compensation.

Highest Average Compensation means the Participant's average Compensation for the three consecutive Plan Years of employment with the Employer (without regard to whether such Plan Years were before the Effective Date) that produces the highest average.

Highest Average Compensation means the average Compensation for the three (3) consecutive Years of Service with the "employer" while a Participant in the Plan that produces the highest average. A Year of Service with the "employer" is the twelve (12) consecutive month period ending on the last day of the Limitation Year.

Highest Average Compensation means the sum of the Participant’s Compensation for his highest paid three (3) full calendar years of employment with Employer prior to termination of employment (whether or not such years are consecutive) divided by three (3); provided, however, that if the Participant has been employed for less than three (3) full calendar years, the “Highest Average Compensation” shall be determined by using the sum of the Participant’s Compensation for his number of completed months of employment divided by the number of his actual completed months of employment multiplied by twelve (12).