Total Annual Compensation definition

Total Annual Compensation shall include all cash payments due to Xx. Xxxxxxxxxx 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).

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

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

• For the Beneficiary of a Senior Officer, the intended net benefit amount after taxes is one times the officer’s Total Annual Compensation.

• Notwithstanding the foregoing, with respect to Eligible Employees who were Senior Officers during any portion of 2007 or Executives as of December 31, 1994, and who had not previously elected to decline participation in the Executive Disability and Survivor Benefit Program, the intended net benefit amount is two times the officer’s Total Annual Compensation.

• 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.

• To calculate this participant's award, the Target Total Annual Compensation is calculated as described below.

More Definitions of Total Annual Compensation

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 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 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.

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 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 the sum of the Executive’s base salary and average annual bonus (paid or payable to Executive under Section 4.02 hereof with respect to the three calendar years immediately preceding the calendar year in which the Date of Termination occurs) as in effect immediately prior to the Change in Control. For the avoidance of doubt, annual bonuses shall include any bonus amounts paid in the form of Basic Units awarded under the Company’s Equity Deferral Award Program Subplan (or any successor thereto).