Annual Base Compensation means the total of the Executive’s most recent annual salary and target incentive under the Company’s Executive Incentive Plan.
Annual Base Compensation means the greater of (x) Employee's Base Salary in effect on the Termination Date, or (y) the greatest Base Salary in effect during the calendar year immediately prior to the calendar year in which the Termination Date occurs.
Annual Base Compensation means an annual compensation amount payable to Non-Employee Directors as established from time to time by the Board.
Examples of Annual Base Compensation in a sentence
For greater certainty, new Participants will not be entitled to receive DSUs for any Annual Base Compensation earned pursuant to an election for the quarter in which they submit their first election to the Company or any previous quarter.
All DSUs granted with respect to Annual Base Compensation will be credited to the Participant’s Account when such Annual Base Compensation is payable (the “ Grant Date”).
More Definitions of Annual Base Compensation
Annual Base Compensation means an annual compensation amount payable to directors and executive officers, as established from time to time by the Board.
Annual Base Compensation means the amount a Participant is entitled to receive as wages or salary on an annualized basis, excluding all bonus, overtime and incentive compensation, payable by an Employer as consideration for the Participant’s services, in effect on the Termination Date but disregarding any reduction that would qualify as Good Reason.
Annual Base Compensation means, at any given time, the aggregate amount of (A) the Annual Base Salary and (B) the then budgeted Annual Bonus for Executive; provided that in no event shall Annual Base Compensation be less than $500,000. Calculations required herein based upon the amount of the Annual Bonus portion of the Annual Base Compensation earned shall be determined as if the Annual Bonus portion of the Annual Base Compensation is earned evenly throughout the year based upon a 365-day year; provided that for purposes of Section 3(c)(i)(A), the Annual Bonus portion of the Annual Base Compensation earned through the date of termination shall (1) be calculated by the Company as of the date of the termination under Section 3(c)(i), taking into consideration (x) for that portion of the then current fiscal year that has elapsed prior to such termination, the Company's performance against the fiscal EBITDA budget for such time period and (y) a reasonable estimation by the Board of the Company's EBITDA performance for the remainder of the fiscal year (such calculation referred to as the "Estimated Annual Bonus") or (2) if Executive gives a timely notice of objection as provided below, be calculated by the Company based on the EBITDA results the Company actually achieves during the then current fiscal year, based on the performance criteria previously established by the Board (such calculation referred to as "Actual Results Bonus"), with such calculation being made based upon the audited financial statement for such fiscal year (the "Audited Financial Statements") and, in the case of both clause (1) and (2) above, such Annual Bonus as calculated above shall be reduced on a pro rata basis to reflect the actual days of employment elapsed during such fiscal year prior to the date of termination as compared to the total number of days during such fiscal year. Within thirty (30) days of the date of termination under Section 3(c)(i), the Board shall give Executive notice of its calculation of the Estimated Annual Bonus together with a description of the basis and assumptions supporting such projection. In the event Executive gives the Company notice of his objection to such projection within thirty (30) days of the receipt of the notice thereof, then Executive shall be deemed to have waived and released his rights to receive any amounts under clause (1) above and thereafter Executive shall be eligible for the Actual Results Bonus under clause (2) above. Should Executive either expressly acc...
Annual Base Compensation means, at any given time, the aggregate amount of (i) the Annual Base Salary and (ii) the then budgeted Annual Bonus for Executive; provided that in no event shall Annual Base Compensation be less than $1,000,000. Calculations required herein based upon Annual Base Compensation shall be determined as if the Annual Base Compensation is earned evenly throughout the year based upon a 365-day year.
Annual Base Compensation means $325,000 or such other amount as may be determined from time to time to be the Annual Base Compensation by the Compensation Committee of the Board.
Annual Base Compensation means the Executive's annualized includable compensation for the base period as defined, discussed and illustrated in Section 280G of the Code and the duly promulgated Treasury Regulations thereunder.
Annual Base Compensation. (ABC) means an amount equal to Three Thousand Dollars ($3000.00) per megawatt of installed generating capacity sited upon the Easement Lands calculated as follows: ABC = $3000 X TGC Where: TGC represents the total nameplate generating capacity, in megawatts, of the turbines sited upon the Easement Lands.