Total Annual Compensation definition

Total Annual Compensation shall include all cash payments due to ▇▇. ▇▇▇▇▇▇▇▇▇▇ for the applicable Contract Year as set out in Sections 4.1(a) and (b), 4.2(a)(i), and 4.2(c), but shall not include payments provided pursuant to Sections 4.2(a)(ii) and 4.2(b) (which shall continue pursuant to the terms of those Sections).

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Total Annual Compensation means an employee's regular straight time salary or earnings, plus review cycle bonuses and overtime payments, payments for incentive compensation, commissions and other special payments except to the extent any such item is excluded specifically by the Board.

Total Annual Compensation means the sum of Base Salary, Annual Bonus (calculated as above) and the Company’s most recent 401(k) matching contribution contributed on Executive’s behalf.

Examples of Total Annual Compensation in a sentence

• If, within the Covered Period, the Bank shall terminate the Officer's employment without Just Cause or the Officer shall terminate his employment with Good Reason, the Bank shall, within ten calendar days of the termination of Officer's employment, make a lump-sum cash payment to him equal to 2.99 times his Total Annual Compensation.

• If the Executive incurs a Qualifying Termination following a Change in Control that occurs on or before termination of this Agreement as provided in Section 6.1 hereof, the Company shall pay within 30 days after the date of the Qualifying Termination to the Executive a single lump sum cash amount equal to his Total Annual Compensation multiplied by the lesser of (a) 2.50 or (b) .0833 multiplied by the number of full months remaining between termination and his attaining age 65.

• The Total Annual Compensation shall be paid in part in cash as Base Salary as provided in Section 3.2 and in part in equity based grants as provided in Section 3.3.

• If Employee does so, regardless of whether Employee had Good Reason to terminate the Agreement, the Bank will pay Employee a single cash payment in an amount equal to Employee's W-2 income before salary deferrals over the twelve (12) months preceding the date of termination ("Total Annual Compensation").

• In consideration of the payment of $ [an amount in cash equal to two years worth of Employee’s Total Annual Compensation as provided in Section 7 of Employee’s Amended and Restated Employment Agreement], and in consideration of other “Compensation Upon Termination” described in Section 7 of the Amended and Restated Executive Employment Agreement dated April 15, 2013 (the “Employment Agreement”) among ▇▇▇▇ ▇.

More Definitions of Total Annual Compensation

Total Annual Compensation means the sum of the Participant’s base salary and Average Bonus.

Total Annual Compensation means the sum of annual base salary in effect immediately preceding termination or the Change of Control, whichever is higher, and annual incentive compensation earned under the "MIP" (annualized in the case of less than a full year's service) in the last full fiscal year immediately preceding termination or the Change in Control, whichever is higher.

Total Annual Compensation means the Employee's annual cash compensation and benefits, including salary.

Total Annual Compensation means the sum of the Executive’s base salary and Average Bonus as in effect immediately prior to the Change in Control.

Total Annual Compensation means an Annual amount that is the combination of: (i) the Annual Fee as of the date the cessation of the Consultant’s engagement with the Corporation; and (ii) an amount equal to the annual average of Bonuses actually paid to the Consultant by the Corporation during the Consultant’s three (3) most recent years of engagement with the Corporation, or, if the Consultant has not been engaged for three (3) years with the Corporation since the Effective Date, an amount equal to the greater of the following amounts: (A) the annual average of Bonuses, if any, actually paid to the Consultant by the Corporation since the Effective Date; or (B) 50% of the Annual Fee in effect at the time of the Consultant’s cessation of engagement with the Corporation.

Total Annual Compensation means the Base Salary, Annual Bonus (calculated as above) and the Company’s most recent 401-k matching contribution paid to Executive. Where Total Annual Compensation (or any component thereof) is required under this Agreement to be calculated for a period, any portion of which occurred prior to the Effective Date, such calculation shall include such portion and shall be based on the employment arrangements that were in effect, other than the calendar 2009 bonus which is to be paid and determined under this Agreement, between the Executive and Atlantic Management, Atlantic Holdings and Atlantic Power during such period pursuant to the Previous Employment Agreement.

Total Annual Compensation in this context shall be the average of all compensation, bonuses included, (paid by the Company, its subsidiaries, affiliates and all related Companies to the Executive for the period of three (3) calendar years immediately preceding his death.