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

• Bonus program: In addition to the Total Annual Compensation as mentioned above, you also may be eligible for bonuses from time to time, as may be set forth in incentive compensation programs applicable to your position.

• Changes in Total Annual Compensation for an institutional employee classified as Highly Compensated Personnel of up to five percent per year may be approved by the Chancellor if the initial compensation was previously approved by the Board.

• Subject to constraints imposed by applicable law, including but not limited to all Regulations and Directives thereunder, the Board will periodically, at least annually, review the Hospital's Executive Compensation Framework, and where permitted by law and determined by the Board to be warranted, the Board will make increases to the permissible Total Annual Compensation payable to designated executives.

• Total Annual Compensation – includes salaries or wages, employer contributions to Teacher Retirement System of Texas and Optional Retirement Program, practice plan supplements, incentive plan payments, unpaid deferred compensation, and excluding employer-provided insurance, expense allowances, and other fringe benefits.

• Where permitted by law and consistent with the Hospital's Executive Compensation Framework and this Agreement, the Board may from time to time in its discretion provide the Executive with increases in one or both components of her Total Annual Compensation.

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 Employee's annual cash compensation and benefits, including salary.

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 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 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.) 2) The payments shall continue for three (3) years from the Executive's date of death, paid on a monthly basis with no interest. 3) The payments shall be made to the Executive's surviving spouse. If the spouse shall have predeceased the Executive, or dies subsequently and before the three (3) years expiration, the payments shall be made to the spouse's estate. Under this subparagraph, at the option of the Board of Directors of the Company, any amounts that are to be paid to the Executive's surviving spouse's estate may be made in one lump sum.

Total Annual Compensation is defined as the aggregate of: (1) the Executive's base salary for the current calendar year; (2) any Christmas gift, Executive bonus and director fees and bonus (if applicable) from the previous calendar year; and (3) any amounts described in (1) and (2) herein that have been deferred under a qualified or non-qualified deferral plan. The Executive shall also have the right to elect and change settlement options that may be permitted.