Target Salary definition

Target Salary means the sum of Executive’s Base Salary and the annual target payout under any commission or annual cash-base incentive plan that the Executive is eligible to receive based upon the attainment of pre-established performance targets. For purposes of Sections 3(a) and 3(c) below, in the event Executive’s employment is terminated by Executive for Good Reason pursuant to Section 1(g)(iii), “Target Salary as of the Termination Date” shall mean Executive’s Target Salary immediately prior to the reduction in Executive’s Target Salary that gave rise to Good Reason under Section 1(g)(iii).
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Target Salary means the sum of Executive's Base Salary and the target payout under any commission or annual cash-base incentive plan that the Executive is eligible to receive based upon the attainment of pre-established performance targets.
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Examples of Target Salary in a sentence

  • A Target Salary for each employee whose 3-year average annual evaluation is Above Satisfactory shall be defined as at least equal to one hundred percent (100%) of the mean salary found in the most current CUPA-HR Salary Survey data available for continuing employees in the same rank and discipline, adjusted pro-rata for the length of the employee’s contract year.

  • A Target Salary for each employee whose 3-year average annual evaluation is Outstanding shall be defined as at least equal to one hundred-fifteen percent (115%) of the mean salary found in the most current CUPA-HR Salary Survey data available for continuing employees in the same rank and discipline, adjusted pro-rata for the length of the employee’s contract year.

  • If an employee’s rank or discipline is not included in the most current CUPA- HR Salary Survey data availability, the University and the UFF shall jointly determine an alternative source of recent, national, average salary data to be used to define a Target Salary for that employee.

  • If an employee’s discipline is not included in the most current CUPA-HR Salary Survey data availability, the University and the UFF shall use alternate data at their discretion to jointly determine a Target Salary for that employee.

  • A Target Salary for each employee whose 3-year average annual evaluation is Outstanding shall be defined as at least equal to one hundred-thirty percent (130%) of the mean salary found in the most current CUPA-HR Salary Survey data available for continuing employees in the same rank and discipline, adjusted pro-rata for the length of the employee’s contract year.

  • This salary shall be composed of a guaranteed component (the "Guaranteed Component") and a performance component (the "Performance Component"), which such Performance Component shall be dependent upon the Company's achievement of certain financial goals (the "Guaranteed Component" and the "Performance Component" together shall be referred to as "Target Salary").

  • Such Target Salary Continuation Amount shall be paid to Executive in equal installments in accordance with the Company’s regular payroll schedule, commencing on the first regular payroll date of the Company that occurs following the Termination Date and continuing for six months.

  • A target annual rate of salary ("Target Salary Rate") will be established by Company and communicated in advance to Executive for each calendar year (or portion of a calendar year) during the term of this Agreement.

  • The basis of assessment for the pension entitlements shall be the Target Salary.

  • Company may not decrease Executive’s Target Salary Rate unless such decrease is made for the fiscal year after December 31, 2003 and either (1) pursuant to the last paragraph of Section 9(e) (relating to across-the-board cuts due to adverse business conditions), or (2) due to deficiencies in Executive’s individual performance as determined in the discretion of the Executive Committee.