Monthly Base Pay definition

Monthly Base Pay means the Employee's monthly salary, in all cases excluding commissions in excess of base pay, bonus or other extra compensation or benefits, and is subject to regular deductions for taxes, social security payments, etc. For each month of unemployment in which the Employee claims payment, he will aggressively seek employment and will accept a reasonable offer of employment and, upon request by Employer, will account to Employer in detail for his efforts to obtain employment. The Employee further agrees that Employer may make such investigations and inquiries as it shall deem necessary or appropriate to determine whether the covenants and conditions of this Section have been satisfied before making any payment otherwise payable to the Employee hereunder.
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Monthly Base Pay means the base salary or base wages that a Participant earns during a calendar month, based on the rate of pay in effect for the Participant immediately before the Participant’s Separation from Service, excluding overtime or any special payments, and which is used to compute the amount of Severance Pay under Article IV of the Plan.
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Monthly Base Pay means the Executive's monthly Salary, in all cases including bonus or other extra compensation or benefits, and is subject to regular deductions for taxes, social security payments, etc. If the Executive is being paid after his termination of employment pursuant to the provisions of Subsection (c) and (d) of Section 4, no payments are required to be made pursuant to this Subsection (ii) of Section (e) so long as the payments under subsections (c) and (d) of Section 4 are being made.
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Examples of Monthly Base Pay in a sentence

  • If the Employee dies during the term of this Agreement, this Agreement shall be terminated; provided, however, the Company shall pay to the estate of the employee any salary which would have otherwise been earned for the balance of the month in which the Employee’s death occurred, plus two (2) months additional Monthly Base Pay.

  • These amounts shall be paid in equal monthly or bi-monthly installments to the Employee as Company Monthly Base Pay.

  • The Company’s Board of Directors or the management of the Company may increase the Employee’s Company Monthly Base Pay from time to time as the Board may see fit to grant such an increase.

  • In no event shall the Company be liable to the Employee, under this Agreement, for any amount greater than the number of months that the post-employment obligations remain in effect times the Company Monthly Base Pay.

  • If the Company so authorizes, the Employee may accept employment not necessarily consistent with Employee’s training and education, and the Company shall pay the Employee the difference between the New Monthly Base Pay earned and Employee’s Company Monthly Base Pay at termination, for the period of time the Employee is bound by the provisions of Section 16(C).

  • The base salary paid by the University to Employee for his/her services and the satisfactory performance of the terms and conditions of this Appointment Letter in the position of Employee Title shall be at the rate of Monthly Base Pay per month or Annual Base Pay on an annual basis, payable in equal monthly warrants by the University to Employee on or about the last day of each consecutive calendar month during the term of this appointment.

  • Monthly Base Pay for E-5 Over 6 CYS, 1997-2006 (2006 Dollars) 58Figure 6.

  • If the Employee dies during the term of this Agreement, this Agreement shall be terminated; provided, however, the Company shall pay to the estate of the employee any salary which would have otherwise been earned for the balance of the month in which the Employee’s death occurred, plus two (2) years additional Monthly Base Pay.

  • SCBA Repair Technician 2% of Confirmed Firefighter Monthly Base Pay Pay will be available for up to 4 members who maintain their SCBA Repair Technician Certification and who actively conduct SCBA fit testing, maintenance, and repair.

  • Certified Fire Investigator (CFI) 5% of Confirmed Firefighter Monthly Base Pay Pay will be available for up to 5 members of the Fire Prevention Bureau who become certified as fire investigators.


More Definitions of Monthly Base Pay

Monthly Base Pay means, as it relates to any Eligible Employee, the amount the Eligible Employee is entitled to receive as monthly base salary or monthly wages at the rate in effect on the Eligible Employee’s Termination Date.
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Monthly Base Pay means the Covered Employee’s annualized regular straight-time salary as in effect on the date of termination of employment or, if greater, as in effect immediately prior to the Change of Control, in either case divided by 12.
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Monthly Base Pay means the greater of (1) the Key Employee’s Base Pay immediately prior to the date on which the Change of Control occurs, or (2) the Key Employee’s Base Pay immediately prior to the date of his or her Involuntary Termination, in either case divided by twelve (12).
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Monthly Base Pay means the Monthly Base Pay (as defined in the Pension Plan) plus, to the extent not otherwise included, (i) any salary deferred under the FPL Group, Inc. Deferred Compensation Plan and (ii) any amounts contributed by the Employer pursuant to a salary reduction agreement which are not includable in the gross income of the Participant under Code Sections 125, 402(e)(3) or 402(h). Monthly Base Pay shall not include (a) amounts received as fringe benefits irrespective of the includibility of such amounts on the Participant's Form W-2 (other than salary reduction contributions described in clause (ii) above), (b) amounts received under the FPL Group, Inc. Long Term Incentive Plan of 1994 (whether or not such amounts were deferred under the FPL Group, Inc. Deferred Compensation Plan). and (c) bonuses under the Annual Incentive Plan maintained by the Employer (whether or not such bonuses were deferred under the FPL Group, Inc. Deferred Compensation Plan).
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Monthly Base Pay means all base straight-time gross earnings, exclusive of payments for overtime, shift premiums, incentive compensation, incentive payments, bonuses, commissions or other compensation, for the last full calendar month preceding the date of the Change of Control.
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Related to Monthly Base Pay

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • 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.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Monthly Salary Rate means the amount agreed to by Owner that can be used on Applications for Payment throughout the Construction Phase to account for the monthly salary costs of Contractor’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Contractor’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by Contractor for services performed. The initial Monthly Salary Rate is included in Exhibit “G” attached to this Agreement.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • Monthly shall be construed accordingly;

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • 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.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Monthly P&I means, with respect to any Receivable, the amount of each monthly installment of principal and interest payable with respect to such Receivable in accordance with the terms thereof, exclusive of any charges allocable to the financing of any insurance premium and charges which represent late payment charges or extension fees.

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.