Base Salary Defined Clause Samples
Base Salary Defined. For purposes of this Agreement, the term “base salary” shall include any amounts deducted pursuant to Sections 125 and 401(k) of the Internal Revenue Code of 1986, as amended, (the “Code”). Amounts paid pursuant to this section 7 shall be deemed severance pay and in lieu of any further salary for periods subsequent to the Date of Termination.
Base Salary Defined. The basic salary schedules for teachers covered by this Agreement are set forth in 3.
16.1. Such salary schedules shall remain in effect during the period of this Agreement.
Base Salary Defined. For purposes of this Agreement, Base Salary means base salary paid to Executive (including all amounts elected to be deferred that would otherwise have been paid, under any cash or deferred arrangement established by the Company), including bonuses and commissions, but excluding other remuneration paid directly to Executive, such as profit sharing, the cost of employee benefits paid for by the Company, education or tuition reimbursements, imputed income arising under any Company group insurance or benefits program, traveling expenses, business and moving expense reimbursements, income received in connection with stock options, contributions made by the Company under any employee benefit plan, and similar items of compensation.