Total Monthly Compensation definition

Total Monthly Compensation means one-twelfth (1/12) of the sum of:
View Source
Total Monthly Compensation means the sum of your monthly salary plus targeted bonus at the rate in effect immediately prior to the Termination, but in no event less than your monthly salary at the rate in effect on the date of this Agreement.
View Source
Total Monthly Compensation means the sum of your monthly salary plus targeted bonus at the rate in effect immediately prior to the Termination, but in no event less than your monthly salary at the rate in effect on the date of this Agreement. This letter sets forth our agreement on the subject matter hereof. Please sign and return this Agreement to Stev▇ ▇▇▇bath in the Legal Department. Sincerely, The Santa Cruz ▇▇▇ration, Inc. ------------------------------- Jack ▇▇▇▇▇
View Source

Examples of Total Monthly Compensation in a sentence

  • You further acknowledge and agree that the maximum potential financial obligation of the Company under this Section 5(c) is twelve (12) or eighteen (18) months, as applicable, of your Total Monthly Compensation in effect immediately before the date of your Termination of Employment.

  • Employee Full Name PIN Hire Date Age Place of Birth Nationality Passport # Passport Expiration Place of Residence Rank Vessel Registry Sign On Port of Embarkation Proposed Sign Off * Port of Debarkation Total Monthly Compensation** Seniority Bonus (If Applicable) Contract Type** Special Conditions/Other Information The employee is committed to participate in safety and statutory training as required, without additional compensation.

  • The amount of the Termination Payment shall be equal to the product of six times your Total Monthly Compensation including targeted bonuses at 100% attainment.

  • Total Monthly Compensation $ on which Pension Plan dues will be paid.

  • The Target Total Monthly Compensation shall be the sum of (i) 1/12 of the Executive's base salary as of the date of termination and (ii) 1/12 of the annual target bonus under any compensation plan in which the Executive participates assuming 100% achievement of all bonus objectives.

  • Total Monthly Compensation means the sum of (i) your annual rate of base salary and (ii) your annual target bonus opportunity for one year, in each case, as of your Effective Date of Termination, divided by 12.

  • Pursuant to the existing Change in Control agreement which addressed the terms and conditions of employment in the event of a change in control of the Company, Tarantella has offered you a Change in Control Payment equal to the product of twelve times your Total Monthly Compensation including targeted bonuses at 100% attainment which equates to $307, 436, provided you elect to sign this Release.

  • The amount of the Termination Payment shall be equal to the product of 12 times the Executive's Target Total Monthly Compensation.


More Definitions of Total Monthly Compensation

Total Monthly Compensation during any year of the Term means one twelfth of the sum of the Base Salary for such year plus one twelfth of the Commissions paid to the Executive in respect of the previous calendar year.
View Source