Basic Annual Salary definition

Basic Annual Salary means the basic annual remuneration of a Participant from the Corporation and Designated Affiliates exclusive of any overtime pay, bonuses or allowances (whether received in cash, securities or otherwise) of any kind whatsoever;

Basic Annual Salary shall be the annual salary as determined in Article 31. It shall not include payment for extra duties nor stipends.

Basic Annual Salary means the basic annual remuneration of a Participant from the Corporation and any Designated Affiliate exclusive of any overtime pay, bonuses or allowances of any kind whatsoever or such other amount as may be determined by the Board from time to time in respect of a Participant;

Examples of Basic Annual Salary in a sentence

• The Mission contributes 10% from the employee’s Basic Annual Salary and the employee a minimum of 5% of the Basic Annual Salary.

• In the case of a Share Purchase Plan Participant for whom the Board, on the recommendation of the Committee, has waived the 12-month employment requirement, the Share Purchase Plan Participant's Contribution shall not exceed 10% of his Basic Annual Salary from the Company and its Affiliates at the time of delivery of the direction, prorated over the remainder of the calendar year, before deductions and exclusive of any overtime pay, bonuses or allowances of any kind whatsoever.

• The Participant’s Contribution shall not be less than 1%, nor greater than 10%, before deductions, of the Basic Annual Salary of the Participant; provided that, in the event of any Participant making his or her Participant’s Contribution for less than a full calendar year, his or her Basic Annual Salary shall be pro-rated.

• For greater certainty, the maximum Corporation’s Contribution which may be made by the Corporation in respect of any Participant for any calendar year is 3.75% of the Basic Annual Salary of such Participant for such calendar year.

• The Basic Annual Salary shall be determined as a yearly amount, with one-twelfth (1/12) paid in monthly installments (hereinafter “the Monthly Installment”); however, when the individual is hired after the commencement of the academic year, the Basic Annual Salary for hires after the commencement of the academic year shall be divided by the number of months of the employment period, and the resulting amount shall be paid each month.

More Definitions of Basic Annual Salary

Basic Annual Salary means the basic annual remuneration of a Participant from the Employer exclusive of any overtime pay, bonuses or allowances of any kind whatsoever or such other amount as may be determined by the Administrators from time to time as the Basic Annual Salary of the Participant;

Basic Annual Salary means annual earnings received from your Employer, including commissions earned over the most recent 12 month period or length of employment, if less. It does not include bonuses, overtime pay, shift differential or any other extra compensation.

Basic Annual Salary means the basic annual cash remuneration of a Participant from the Corporation and its Designated Affiliates exclusive of any overtime pay, bonuses or allowances of any kind whatsoever and not including any equity-based incentive compensation or amounts paid as a reimbursement of expenses;

Basic Annual Salary means the Employee's regular annual cash earnings from all System Companies, exclusive of any bonus, overtime or other special payments, but including the amount, if any, the Participant elects to defer under: (a) a cash or deferred arrangement qualified under Code Section 401(k); (b) a cafeteria plan under Code Section 125; (c) the Executive Deferred Compensation Plan of Entergy Corporation and Subsidiaries, or any successor or replacement plan; and (d) any other nonqualified deferred compensation plan, agreement, or arrangement in which the Participant may participate or to which the Participant may be a party.

Basic Annual Salary means the basic annual remuneration of a Participant from the Corporation and its Designated Affiliates exclusive of any overtime pay, bonuses or allowances of any kind whatsoever; provided, however, that for any Participant who is regularly scheduled to work a 12-hour shift, overtime pay shall be included in Basic Annual Salary, but only for the number of overtime hours worked in any two week period that, when added to the number of regular hours

Basic Annual Salary means the basic annual remuneration of a Participant from the Corporation and its Designated Affiliates exclusive of any overtime pay, commissions, bonuses or allowances of any kind whatsoever;

Basic Annual Salary means for any Participant for any Plan Year the total of the Participant's Regular Gross Wages and Salary exclusive of any overtime pay, bonuses or allowances of any kind whatsoever.