Base Salary Amount definition

Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

Base Salary Amount. The annual sum of $500,000.

Base Salary Amount means the annual base salary payable by FII to the Executive and includable by the Executive in gross income for the most recent calendar year ending before the date on which the Change of Control occurred.

Examples of Base Salary Amount in a sentence

• The Base Salary Amount shall be paid to Executive in accordance with the Company's regular payroll practices with respect to senior management compensation.

• During each Contract Year of the term hereof, the Company shall pay to Executive the Base Salary Amount.

• The number of Shares awarded hereunder on each Grant Date shall be determined by dividing the Net Pay Period Additional Base Salary Amount by the closing price of the Common Stock as reported on Nasdaq on the Grant Date (or the immediately preceding date if the Nasdaq is closed on the applicable Grant Date).

• FII will, for the Continuation Period following the Special Termination Date, make monthly payments to the Executive in an amount equal to 1/12th of the sum of the Base Salary Amount plus the average of the annual incentive compensation earned by the Executive, for the two most recent calendar years ending before the date on which the Change of Control occurred.

• Stock Awards will be granted only to the extent the Employee has earned the applicable portion of the Additional Base Salary Amount during the relevant pay period.

More Definitions of Base Salary Amount

Base Salary Amount. The annual sum of $115,000.

Base Salary Amount means the Executive’s annual base salary at the rate in effect on the Termination Date.

Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date or (b) if the Executive’s termination occurs within eighteen months following a Change in Control, at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

Base Salary Amount. The annual sum of $375,000.

Base Salary Amount means $60,000.00 during the Initial Period and first Contract Year and $60,000.00 during the second Contract Year.

Base Salary Amount means the amount of the Cash Severance made up of Base Salary as described in Section 5.

Base Salary Amount means (1) the amount of Executive’s average monthly base salary during either (i) if Executive has been employed by Employer for twelve (12) or more consecutive months immediately prior to the Termination Date, the twelve (12) consecutive months immediately prior to the Termination Date or (ii) if Executive has been employed by Employer for less than twelve (12) consecutive months immediately prior to the Termination Date, the consecutive months of Executive’s employment with Employer immediately prior to the Termination Date, multiplied by (2) either (i) if Executive has been employed by Employer for twenty four (24) or more consecutive months immediately prior to the Termination Date, twelve (12) or (ii) if Executive has been employed by Employer for less than twenty four (24) consecutive months immediately prior to the Termination Date, six (6).