Adjusted Salary definition

Adjusted Salary means the Current Salary minus the Deferred Salary paid to the Participant during the Deferral Period.

Adjusted Salary means the Adjusted Cash Salary plus an amount equal to the amount of any salary increase(s) provided in the form of restricted stock or stock options beginning on January 1, 1995.

Adjusted Salary means the regular salary, wages and commissions, if any, payable to a Participant by the Company for the Participant’s service, excluding any bonuses or other compensation.

Examples of Adjusted Salary in a sentence

• The Adjusted Salary for any preceding year is the respective preceding year total salary multiplied by the ratio of base salary of the year used in determining benefits to the base salary from the respective preceding year.

• Each twelve‐consecutive‐month annual compensation is limited to 120% of the Average Adjusted Salary, which is the average of the Adjusted Salary for the two consecutive twelve‐ consecutive‐month periods immediately preceding the twelve‐consecutive‐month period used in determining benefits.

• Repair: Repair any damages caused by the CONTRACTOR during completion of the work described in this section at no additional cost to OWNER.

• You will be able to participate in all of these voluntary benefits as long as this does not bring your Adjusted Salary to below the thresholds outlined in Question 20).

• Example 1: Assume the following: (i) Employee’s Base Salary is $350,000.00; (ii) Employee’s Adjusted Salary for the Fiscal Year immediately preceding the Fiscal Year for which the computation is to be made was $400,000.00; (iii) for the Fiscal Year of determination Employee is granted 1,500 shares of Company restricted stock in lieu of a cash adjustment to Base Salary for such year; and the closing price of the Company’s shares on the NYSE on the date of grant was $40.00 per share.

More Definitions of Adjusted Salary

Adjusted Salary means (x) with respect to the 2004 Fiscal Year, the Base Salary plus the value (determined as described below) of the shares of restricted stock initially granted to Employee in lieu of a cash increase to Base Salary for such year, and (y) with respect to the 2005 Fiscal Year and each Fiscal Year thereafter during the term of this Agreement, the greater of (1) the Adjusted Salary for the immediately preceding Fiscal Year or (2) the sum of the Base Salary plus the value (determined as described below) of the shares of restricted stock granted to Employee for such Fiscal Year. For the purposes of this Section, the value of shares of restricted stock shall be the value, determined at the closing price of the Company’s shares on the New York Stock Exchange (“NYSE”) as of the date of grant of the restricted stock award (or if the NYSE is not open for business on such date of grant, then on the next regular business day on which the NYSE is open for business). Based on the foregoing formula, Employee’s Adjusted Salary for 2006 was $505,525, which was determined as reflected on Schedule 2(a) hereto, which Schedule also sets forth an example of how such Adjusted Salary amount would be computed for future years. The Base Salary and Adjusted Salary for each Fiscal Year shall become effective as of January 1 of such Fiscal year. Employee’s Base Salary for any Fiscal Year after 2007 shall remain as set for the 2007 Fiscal Year unless the Board of Directors increases such Base Salary and the Adjusted Salary shall be determined each Fiscal Year in the manner described above. The term “Fiscal Year” as used herein shall mean each period of twelve (12) calendar months commencing on January 1st of each calendar year during the Employment Period and expiring on December 31st of such year.

Adjusted Salary means the regular salary or wages of a Participant received or to be received from the Company for the Participant's service with respect to a particular Fiscal Year, excluding any overtime, bonuses or other compensation with respect to such Fiscal Year and, in the case of a Participant who receives commission payments, the regular salary or wages of a Participant received or to be received from the Company for the Participant's service with respect to the Fiscal Year, and any commission payments payable or paid to such Participant in respect of the immediately preceding Fiscal Year , and does not include any Company Contributions or other benefits received by the Participant under this Plan.

Adjusted Salary means Executive’s base salary adjusted by a multiplier determined by the President of Labor Ready. For 2005, the multiplier will range from 0.5 to 1.2. The full 12.5% can be earned for reaching the full EBITDA target. A prorated amount of the bonus will be earned for EBITDA levels between 90% and 125% of the EBIDTA target, based on the following metrics: Achievement Bonus Award 125% of the EBITDA target 125% of the target bonus 100% of the EBITDA target 100% of the target bonus amount 90% of the EBITDA target 50% of the target bonus amount Less than 90% of the EBITDA target No bonus.

Adjusted Salary means the Adjusted Cash Salary plus an amount equal to the amount of any salary increase(s), if any, provided in the form of restricted stock or stock options less any sum attributable to the payment of salary in lieu of automobile benefits (as of the date of this Agreement that amount is Seven Thousand Dollars ($7,000)).

Adjusted Salary means the revised annual salary being the Original Salary less the Childcare Voucher Value. The Adjusted Salary may be subject to review on the same date and subject to the same terms and conditions as the Original Salary as part of the employer’s normal salary review process.

Adjusted Salary. This means your Reference Salary, as amended from time to time, but which has been reduced by the Car Scheme salary exchange.

Adjusted Salary means Executive’s base salary adjusted by a multiplier determined by the President of Labor Ready. For 2005, the multiplier will range from 0.5 to 1.2. At least 25% of the payment must be made in restricted stock. The full 12.5% can be earned for reaching the full growth target. A prorated amount of the bonus will be earned for growth levels between 50% and 125% of the growth target, based on the following metrics: Achievement Bonus Award 125% of the growth target 125% of the target bonus 100% of the growth target 100% of the target bonus amount 50% of the growth target 50% of the target bonus amount Less than 50% of the growth target. No bonus.