Base Period Income Sample Clauses

Base Period Income. "Base Period Income" is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.
Base Period Income shall be an amount equal to the Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder;
Base Period Income. Base Period Income” is an amount equal to Executive’s “annualized includable compensation” for the “base period” as defined in Sections 28OG(d)(1) and(2)of the Code and the regulations adopted thereunder. Generally, Executive’s “annualized includable compensation” is the average of his annual taxable income from the Company for the “base period,” which is the five calendar years prior to the year in which the Change of Control occurs.
Base Period Income. Base Period Income for the Executive equals the sum of (a) and (b), as determined below:
Base Period Income. “Base Period Income” is an amount equal to your “annualized includable compensation” for the “base period” as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, your “annualized includable compensation” is the average of your annual taxable income from the Company for the “base period,” which is the five calendar years prior to the year in which the Change in Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.
Base Period Income. Executive's Base Period Income equals the sum of (i) his annual base salary as of Executive's termination date, and (ii) the greater of the average of any cash incentive bonus payable to Executive for the Company's last two completed fiscal years or the Executive's target bonus opportunity for the then current year under the Company's annual incentive plan.
Base Period Income. "Base Period Income" is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 28OG(d)(1) and(2)of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of his annual taxable income from the Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs.
Base Period Income shall be an amount equal to the Executive's annualized compensation calculated pursuant to section 6 herein for the initial term of this agreement;
Base Period Income. Executive's Base Period Income shall equal his annual base salary as of his termination date, plus an amount equal to the incentive compensation awarded to or accrued for Executive for the fiscal year immediately prior to the fiscal year in which Executive's termination date occurs (but in no event shall such amount be less than the incentive compensation amount required to be paid during the Employment Period under Section 4(b)(ii) if the Executive's employment terminates during the Employment Period). Amounts of such base salary and incentive compensation that Executive has elected to defer during the relevant period shall be included in Base Period Income.
Base Period Income. Executive's Base Period Income equals his annual base salary as of Executive's termination date, plus the greater of the average of any incentive bonus payable to Executive for the Company's last two completed fiscal years or the Executive's target bonus opportunity under the Company's annual incentive plan.