Normal Compensation definition
Normal Compensation with respect to an Executive means the amount of base salary that would be payable to an Executive for the twelve (12) month period commencing on the first day of any Plan Year if the Executive were not participating hereunder. “Normal Compensation” with respect to a Director means the amount of retainer/fees that would be payable in cash to a Director for the twelve (12) month period commencing on the first day of any Plan Year if the Director were not participating hereunder.
Normal Compensation. ' means salary or wages (excluding bonuses) for a standard pay period.
Normal Compensation means salary or wages for a standard pay period.