Average Annual Compensation. The Officer’s “Average Annual Compensation” for purposes of this Agreement shall be deemed to mean the average amount of Base Salary and cash bonus paid to the Officer by the Employer or any subsidiary thereof during the most recent five calendar years preceding the year in which the Date of Termination occurs (or such shorter period as the Officer was employed).
Appears in 4 contracts
Samples: Employment Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Financial Bancorp, Inc.), Control Severance Agreement (Willow Financial Bancorp, Inc.)
Average Annual Compensation. The Officer’s “'s "Average Annual Compensation” " for purposes of this Agreement shall be deemed to mean the average amount of Base Salary and cash bonus paid to the Officer by the Employer or any subsidiary thereof during the most recent five calendar years preceding the year in which the Date of Termination occurs (or such shorter period as the Officer was employed).
Appears in 1 contract
Samples: Change in Control Severance Agreement (Willow Grove Bancorp Inc/New)
