Salary definition

Salary as defined in Section 3.1(a).

Salary means the Executive’s annual base salary as in effect immediately prior to the Executive’s Qualifying Termination (or if the termination is due to a resignation for Good Reason based on a material reduction in base salary, then the Executive’s annual base salary in effect immediately prior to the reduction) or, if the Executive’s Qualifying Termination is a Qualifying CIC Termination and the amount is greater, at the level in effect immediately prior to the Change in Control.

Salary means the salary or rate of pay prescribed for the employee's classification by clause 3, Salaries, Part B of this Award, and any other payment that can be salary packaged in accordance with Australian taxation law.

Examples of Salary in a sentence

• The Employee’s annual Base Salary will not be reduced below the Base Salary then in effect, without the Employee’s consent other than a reduction in salary generally applicable to substantially all Executive employees of the Company.

• The Board, or the Compensation Committee thereof, will review the Employee’s performance and Base Salary annually in or around February of each year and determine whether to adjust the Employee’s Base Salary on a prospective basis.

• The Employee’s target incentive cash bonus under the Cash Bonus Plan shall be set at 50% of the Employee’s Base Salary, with bonus payments ranging from 0 to 150% of the bonus target based upon specific individual and corporate performance metrics under the Cash Bonus Plan to be determined from time to time by the Board or Compensation Committee thereof.

• The Company shall reimburse the Executive for reasonable expenses incurred in connection with such cooperation and, to the extent that the Executive is required to spend substantial time on such matters, the Company shall compensate the Executive at an hourly rate based on the Executive’s Base Salary on the Termination Date.

• If the Employment Period is terminated “For Cause” pursuant to Article III hereof or is otherwise shorter than a full month, then the Base Salary for any partial month will be prorated and paid through the date of termination based on the number of days elapsed in such month during which services were actually performed by Employee, and the Company shall have no further obligation to pay the Employee’s Base Salary following the date of termination.

More Definitions of Salary

Salary means a state employee's monthly salary or wages.

Salary shall have the meaning set forth in Section 3.1(a).

Salary means, without duplication of any amounts counted as Benefits, a predetermined regular payment, typically paid on a weekly or less frequent basis but which may be expressed as an hourly, weekly, annual or other rate, as well as cost-of-living differentials, vacation time, paid time off, sick leave, and overtime pay, paid by the Recipient to its Employees, but excluding any Federal, state, or local payroll taxes paid by the Recipient.

Salary has the meaning given to such term in Section 2.4(a) hereof.

Salary means the annual salary provided for in Section 3 below, as adjusted from time to time.

Salary means the basic compensation of an employee plus, with respect to an employee serving as chief of mission, officer temporarily in charge of the operations of an agency at a post, or in some other similar capacity, any additional compensation that he/she may be authorized to receive while serving in such capacity, but exclusive of all allowances, differentials or other additional compensation.

Salary means Executive's base salary as in effect immediately prior to the termination of his employment or, if higher, the base salary in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason.