Reference Compensation definition

Reference Compensation means the sum of the Executive’s annual salary and annual bonus divided by twelve. For purposes of this definition, the Executive’s annual salary is the greater of the annual rate of his or her base salary from the Company and its subsidiaries in effect immediately prior to the Date of Employment Termination, or the annual rate of the Executive’s base salary from the Company and its subsidiaries in effect immediately prior to the date of consummation of the Change of Control. For purposes of this definition, annual bonus shall mean the greatest of (i) the average of the three annual bonuses paid to the Executive prior to his or her Date of Employment Termination, (ii) the average of the three annual bonuses paid to the Executive prior to the date of consummation of the Change of Control (if applicable, because termination occurs during a Window Period), or the Executive’s target annual bonus under the Company’s annual incentive compensation plan for the year that include his or her Date of Employment Termination. If the Executive receive fewer than three bonuses prior to his or her Date of Employment Termination or the date of consummation of the Change of Control, as applicable, the amounts described in Clauses (i) and (ii) shall be calculated using the average of such lesser number of annual bonuses. The term annual bonus does not include any special or sign-on bonus that is not part of the Company’s regular and recurring program of annual incentive compensation.
Sample 1
Reference Compensation means the sum of the Executive's annual base salary divided by twelve.
Sample 1
Reference Compensation means the sum of the Executive’s annual salary and annual bonus divided by twelve. For purposes of this definition, the Executive’s annual salary is the greater of the annual rate of his or her base salary from the Company and its subsidiaries in effect immediately prior to the Date of Employment Termination, or the annual rate of the Executive’s base salary from the Company and its subsidiaries in effect immediately prior to the date of consummation of the Change of Control. For purposes of this definition, annual bonus shall mean the Executive’s target annual bonus under the Company’s annual incentive compensation plan for the year that includes his or her Date of Employment Termination. The term annual bonus does not include any special or sign-on bonus that is not part of the Company’s regular and recurring program of annual incentive compensation and does not include awards under the Company’s Long Term Incentive Plan.
Sample 1

Examples of Reference Compensation in a sentence

  • Reduction on bend elbow or by bush is not permitted without prior permission of the Architect.

  • If the Executive has to his or her credit 15 or more Years of Service, the Executive shall receive a severance payment equal to 21 months of the Executive’s Reference Compensation.

  • If the Executive has to his or her credit fewer than 15 Years of Service, the Executive shall receive a severance payment equal to 18 months of the Executive’s Reference Compensation.

  • If the Executive has to his or her credit 15 or more Years of Service, the Executive shall receive a severance payment equal to 15 months of the Executive’s Reference Compensation.

  • Determination of Suitability; Order of Reference; Compensation: At the outset of each case, the Commercial Division Justice shall determine the suitability of the action for mediation.

  • Reference Compensation Rate for Additional Time (see page 28 for rates).

  • If the Executive has to his or her credit fewer than 15 Years of Service, the Executive shall receive a severance payment equal to 12 months of the Executive’s Reference Compensation.

  • Typically, there are five tasks performed in CWB :* Allocate Compensation (A)* Employee Statements (D)* Set Budgets (E)* Review and Submit* Manage Approvals Reference: Compensation Work Bench, An OverviewQUESTION 43As per a new HR policy at XYZ Company, the Transport Allowance must also be considered in the "XX Total Earning" user balance.

  • Su, “IEEE Standard 1459-based Reference Compensation Current Strategy for Three-phase Three-wire Shunt Active Power Filter Control,” Proceedings of the 15th IEEE International Conference on Harmonics and Quality of Power, Bucharest, May 2014.

  • Ives, Vice President1200 Main, Kansas City, MO 64105Issued: January 16, 2013 Effective: February 15, 2013Formatted Table Formatted: Right Formatted: Right Issued by: Darrin R.


More Definitions of Reference Compensation

Reference Compensation means [1.40][1.45][1.50][1.55] times the Executive’s Annual Salary divided by twelve.
Sample 1
Reference Compensation means your monthly base salary multiplied by [1.50] [1.55]
Sample 1

Related to Reference Compensation

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Contractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Annual Compensation means an amount equal to the greater of:

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Creditable compensation means the full compensation payable annually to an employee working

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Basic Compensation means Salary and Benefits.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Final compensation of a member means:

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Additional Compensation has the meaning set out in Section 11.3(1).

  • 415 Compensation means:

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Earnable compensation means the full rate of the

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.