Current Compensation Package Sample Clauses
Current Compensation Package. The term “Current Compensation Package” for purposes of § 3.1(c)(1) of this Agreement shall mean the sum of the amounts described in § 1.7(a) and in § 1.7(b) and, if applicable, in § 1.7(c) as follows:
Current Compensation Package. The term "Current Compensation ---------------------------- Package" for purposes of (S) 3(a)(2)(A) of this Agreement shall mean the sum of the following:
(a) Executive's highest annual base salary from SunTrust and any SunTrust Affiliate which (but for any salary deferral election) is in effect at any time during the 1 year period which ends on the date Executive's employment with SunTrust or a SunTrust Affiliate terminates under the circumstances described in (S) 3(a) or (S) 3(f);
(b) The greater of (i) Executive's target annual MIP bonus for the calendar year in which Executive's employment with SunTrust or a SunTrust Affiliate terminates under the circumstances described in (S) 3(a) or (S) 3(f) or (ii) the greater of (A) the average of the annual MIP bonus which was paid to Executive (or, if greater, which would have been paid to Executive but for any bonus deferral election) for the 3 full calendar years in which Executive has participated in the MIP (or, if less, the number of full calendar years in which Executive has participated in the MIP) which immediately precedes the calendar year in which Executive's employment so terminates or, if Executive was not eligible to participate in the MIP in the calendar year which immediately precedes the calendar year in which Executive's employment so terminates, (B) the greater of (1) the average MIP bonus described in (S)1.8(b)(ii)(A) or (2) the last MIP bonus which was paid to Executive (or, if greater, which would have been paid to Executive but for any bonus deferral election); and
(i) The average of the PUP bonus which was paid to Executive (or, if greater, which would have been paid to Executive but for any bonus deferral election) for the 3 full performance cycles in which Executive has participated in the PUP (or, if less, for the number of full performance cycles in which Executive has participated in the PUP) which immediately precede the performance cycle which ends in the calendar year in which Executive's employment with SunTrust or a SunTrust Affiliate terminates under the circumstances described in (S) 3(a) or (S) 3(f) or, if Executive was not eligible to participate in the PUP for the performance cycle which ends in the calendar year in which Executive's employment so terminates or if there is no such cycle, (ii) the average PUP bonus described in (S)1.8(c)(i) or the last PUP bonus which was paid to Executive (or, if greater, which would have been paid to Executive but for any bonus deferral el...
Current Compensation Package. The term "Current Compensation Package" ---------------------------- for purposes of this Agreement shall mean:
(a) Executive's annual salary from Weeks and any Weeks Affiliate (including any deferrals of such annual salary) as in effect on the date his employment with Weeks or a Weeks Affiliate terminates or on any date in the twenty-four (24) month period ending on such date, whichever is greater; and
(b) the (i) highest average total annual cash bonus paid to Executive by Weeks and any Weeks Affiliate in any three (3) calendar years (A) in the five (5) calendar year period which includes the date his employment with Weeks or a Weeks Affiliate terminates or, if no bonus has been paid before his employment terminates in such calendar year, (B) in the five (5) calendar year period immediately preceding the calendar year in which his employment with Weeks or a Weeks Affiliate terminates or (ii) the average total annual cash bonus that Executive has been paid each calendar year by Weeks and any Weeks Affiliate if Executive has been paid bonuses in less than three (3) calendar years; and
(c) the monthly family coverage premium Weeks charges for health care continuation coverage under Section 602 of the Employee Retirement Income Security Act of 1974, as amended, as of the date Executive's employment with Weeks or a Weeks Affiliate terminates multiplied by twelve (12).
Current Compensation Package. The term "Current Compensation Package" for purposes of ss. 3(a)(2)(A) of this Agreement shall mean the sum of the amount described in ss. 1.8(a), in ss. 1.8(b) and, if applicable, in ss. 1.8
Current Compensation Package. The term "Current Compensation Package" for purposes of this Agreement shall mean Executive's annual salary from Springs and Executive's annual bonus target amount under Springs' 1999 Achievement Incentive Plan or any successor plan (including any deferrals of such annual salary and bonus) as in effect on the date his employment with Springs terminates or on any date in the twenty-four (24) month period ending on such date, whichever is greater.