Highest Annual Compensation. The Executive's "Highest Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of compensation paid to the Executive by the Employer or any subsidiary thereof during the most recent three taxable years preceding the Date of Termination, including Base Salary (as defined in Section 1(a) hereof) and bonuses paid to the Executive but excluding amounts relating to the vesting of Management Recognition Plan shares.
Appears in 5 contracts
Samples: Amended Agreement (Commonwealth Bancorp Inc), Amended Agreement (Commonwealth Bancorp Inc), Amended Agreement (Commonwealth Bancorp Inc)
Highest Annual Compensation. The Executive's "Highest Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of compensation paid to the Executive by the Employer Employers or any subsidiary thereof during the most recent three taxable years preceding the Date of Termination, including Base Salary (as defined in Section 1(a) hereof) and bonuses paid to the Executive but excluding amounts relating to the vesting of Management Recognition Plan shares.
Appears in 3 contracts
Samples: 8 Agreement (Commonwealth Bancorp Inc), Amended Agreement (Commonwealth Bancorp Inc), Amended Agreement (Commonwealth Bancorp Inc)
Highest Annual Compensation. The Executive's "Highest Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of compensation paid to the Executive by the Employer Bank or any subsidiary thereof during the most recent three taxable years preceding the Date of Termination, including Base Salary (as defined in Section 1(a) hereof) and bonuses paid to the Executive but excluding amounts relating to the vesting of Management Recognition Plan shares.
Appears in 1 contract
Samples: Agreement (Commonwealth Bancorp Inc)
