Actual Earnings definition

Actual Earnings means all earnings of an employee in any Plan Year for Qualifying Employment including overtime and extra shift pay, holiday and vacation pay, amounts paid for periods of approved absence, back pay which has been either awarded or agreed to by the Company, earnings elected to be deferred by the Employee as tax deferred contributions under the Company's Profit-Sharing Plan, supplemental tax deferred amounts under this Plan, or as contributions under a plan established pursuant to Section 125 of the Internal Revenue Code, or under Section 119 of the Internal Revenue Code, and all compensation under the Management Incentive Plan and the Fortune Brands, Inc. Annual Executive Incentive Compensation Plan paid during such Plan Year, but excluding (1) Worker's Compensation payments, (2) amounts paid by the Company for insurance, retirement or other benefits and bonuses, and (3) contributions to or allocations under any profit-sharing plan and benefits under this Plan or other benefits. The Actual Earnings of an employee covered under a disability income plan of the Company shall be deemed to continue as provided in the Retirement Plan.
Actual Earnings means the amount designated on the Associate’s commission statement as actual earnings.

Examples of Actual Earnings in a sentence

  • The Insured shall within ninety (90) days after the expiry of the Period of Insurance or upon cancellation of the Policy supply the Company with a completed Premium Adjustment and Declaration of Earnings Form stating the actual Earnings of Employees and provide the relevant supporting documents during the Period of Insurance (which declaration is referred to herein as “the Actual Earnings Declaration”).

  • The Insured shall within ninety (90) days after the expiry of the Period of Insurance or upon cancellation of the Policy supply the Company with a completed Premium Adjustment and Declaration of Earnings Form stating the actual Earnings of Employees and provide the relevant supporting documents during the Period of Insurance (which declaration is referred to herein as "the Actual Earnings Declaration”).

  • For the avoidance of doubt, all of the Restricted Units that vest in full upon the occurrence of an event described in (i), (ii) or (iii) in the immediately preceding sentence prior to any determination and release to the public of earnings as described in Section 2(a) shall remain vested and shall not be forfeited or cancelled even if the Earnings Target exceeds the Actual Earnings.

  • Although he said that he would help out and tidy up there, and that he could not solicit business from existing clients within that Gym, he carried on to say that he had transferred “six maybe eight” of his clients to the Olympic Club initially, and eventually had had about a dozen, although he said that this compared with about thirty that he had had at the Business.

  • In the event that after the determination and release to the public as described in Section 2(a) the Actual Earnings exceed the Earnings Target Grantee’s employment with the Company is terminated due to the Grantee’s death, Disability, or Retirement including separation from employment, all of the Restricted Units shall vest in full upon Grantee’s death, Disability or Retirement, as the case may be.


More Definitions of Actual Earnings

Actual Earnings means the amount set forth on the Associate’s commission statement as actual earnings.
Actual Earnings as used with reference to any of such Pension Plans shall include amounts paid to you pursuant to subsections (b)(ii)(A)(1) and (2) and (b)(ii)(B) of this Section 2 and such amounts shall be deemed to represent three years of Actual Earnings for purposes of determining your highest consecutive five year average rate of Actual Earnings. The supplemental pension benefits determined under this subsection 2(d) shall be payable by the Company to you and your contingent annuitant, if any, in the same manner and as long as your pension benefits under the Supplemental Plan and shall be adjusted actuarially to reflect payment in a form other than a straight life annuity. Benefits hereunder which commence prior to age 60 shall be reduced to reflect early commencement to the extent, if any, provided in the Qualified Plan. All defined terms used in this subsection 2(d) shall have the same meaning as in the Qualified Plan, unless otherwise defined herein or otherwise required by the context.
Actual Earnings means base salary plus overtime earned during the year. Compensation received under the Bank’s short-term disability program is excluded from Actual Earnings.
Actual Earnings has the meaning set forth in Section 1.09(e)(i)(3).
Actual Earnings means earnings including all Performance Incentives
Actual Earnings means, for any period, the sum, determined on a --------------- consolidated basis, of (a) net income (or net loss) measured on a first-in first-out method of accounting, (b) Interest Expense, (c) income tax expense, (d) depreciation expense, (e) amortization expense, (f) extraordinary or unusual losses deducted in calculating net income less extraordinary or unusual gains added in calculating net income and non-cash expenses associated with any variable stock plan plus the management fee paid under the Management Agreement dated February 26, 1997 between Iron Age Corporation and Fenway Partners, Inc., (g) fees and expenses incurred by the Company and Acquisition Corp. in connection with the Acquisition Transactions and (h) directors fees and similar expenses in excess of $100,000 incurred by the Company at the direction of the members of the Board representing the majority stockholders of the Company, in each case determined in accordance with GAAP (as such term is defined in the Credit Agreement dated February 26, 1997 hereof among the Company, IAH Acquisition Corp. ("Acquisition Corp.") and the banks named therein).
Actual Earnings for that year means the actual net income of Employer for that year set forth in Employer's audited financial statements for that year. Each year during the term of this Agreement, Employee shall earn a cash bonus based upon the Actual earnings for the year as a percentage of the Target Earnings for the year, as follows: Actual Earnings as % of Target Earnings Cash Bonus ------------------ ---------- 80% $30,000 90% $40,000 100% $50,000 110% $55,000 120% $60,000 130% $65,000 140% $70,000 150% $75,000 160% $80,000 170% $85,000 180% $90,000 190% $95,000 200% and above $200,000 The cash bonus for a particular year shall be paid to Employee not later than 10 days after the date the audited financial statements of Employer establishing the Actual Earnings for that year have been released by the Employer to the public.