Annual Basic Pay definition
Annual Basic Pay means the Participant's annual base salary rate on the last day the Participant was on the active payroll plus, with respect to a Participant whose last day on the active payroll occurred after April 15, 1991, an amount determined with reference to the Short Term Plan, but excluding all differentials regarded as temporary or extra payments and all awards and distributions made under the Long Term Plan. For purposes of determining the Disability Allowance under Article 2, the amount determined with reference to the Short Term Plan shall be the last Short Term Award granted to the Participant prior to the last day the Participant was on the active payroll. For purposes of determining the Minimum Retirement Benefit under Article 3 and the Surviving Spouse Benefit under Article 4, the amount determined with reference to the Short Term Plan shall be the greater of (1) the Short Term Award for the last full calendar year of service prior to the earlier of the Participant's retirement, termination or death, or (2) the Short Term Award granted with respect to any later partial calendar year of service.
Annual Basic Pay means the Participant’s annual base salary rate on the last day the Participant was on the active payroll plus, with respect to a Participant whose last day on the active payroll occurred after August 9, 1980, an amount determined with reference to the Short Term Plan, but excluding all differentials regarded as temporary or extra payments and all cash payments and distributions made under the Long Term Plan. The amount determined with reference to the Short Term Plan shall be the lesser of the Participant’s standard Short Term Award in effect on the last day the Participant was on the active payroll or the Participant’s position rate on the last day the participant was on the active payroll multiplied by the applicable percentage determined as follows:
Annual Basic Pay means the higher of the Eligible Employee’s annual basic salary:
Examples of Annual Basic Pay in a sentence
Annual Basic Pay For purposes of determining the Minimum Retirement Benefit and Survivor Benefit under Article 4, the annual base salary rate on the last day the Participant was on the active payroll plus an amount equal to the Participant’s target award, as determined under the Short Term Plan, in effect at the time of the Participant’s retirement, termination of employment or death.
More Definitions of Annual Basic Pay
Annual Basic Pay means the employee's annual salary for an employee paid on a salary pay scale; the rate of hourly pay multiplied by 2,080 hours for a full-time employee paid on an hourly pay scale; and the rate of hourly pay multiplied by scheduled hours for a part-time employee paid on an hourly pay scale. "Annual basic pay" includes earnings that have been reduced under the County's Deferred Compensation Plan under § 457 of the Internal Revenue Code and under any other statutory fringe benefit program sponsored by an employer and permitted by the Internal Revenue Code.
Annual Basic Pay means the participant's annual base salary rate (including those amounts previously deferred pursuant to other plans) as determined by the Company on the last day the participant was on the active payroll plus an amount determined was on the active payroll plus an amount determined with reference to the Short Term Incentive Plan, but excluding all other payments and all cash payments and distributions made under the BellSouth Executive Long Term Incentive Plan or Shareholder Return Cash Plan. The amount determined with reference to the Short Term Incentive Plan shall be the lesser of the participant's standard short term award in effect on the last day the participant was on the active payroll or 60% of the participant's annual base salary rate (including those amounts previously deferred pursuant to other plans) on the last day participant was on active payroll.
Annual Basic Pay means the Participant's annual base salary rate as determined by the Company on the last day the
Annual Basic Pay shall be amended to replace the BellSouth Executive Long Term Incentive Plan with the comparable Cingular Wireless plan, if any, and to delete any reference to the Shareholder Return Cash Plan.
Annual Basic Pay means the Participant's annual base salary rate (as determined by the Employer) on the last day the Participant was on the active payroll, but excluding all differentials regarded as temporary or extra payments and all cash payments and distributions made under the Short Term Plan and the SBC Communications Inc. Long Term Incentive Plan. The base salary rate in ▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇ ▇▇ the base salary amount prior to any reduction as a result of the Senior Management Deferred Compensation Plan.