Annual Basic Salary definition

Annual Basic Salary means the annual salary payable to the Executive pursuant to Clause 6 above, immediately before the Termination Date;
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Examples of Annual Basic Salary in a sentence

  • In the case of the Executive's death, the Companies shall pay to the Executive's beneficiaries or estate, as appropriate, (i) promptly after the Executive's death, the unpaid Annual Basic Salary to which he is entitled pursuant to subsection 5(a) through the date of his termination, and (ii) as soon as practicable after the close of the Companies' fiscal year in which the Executive's death occurs, a prorated portion of any unpaid Bonus Compensation determined by the Boards.

  • The Annual Basic Salary shall be reviewed for adjustment by the Board at least annually prior to the end of each calendar year during the Executive’s employment with Xxxxxx Digital.

  • The Enhanced Death Benefit formula is two (2) times the sum of your Annual Basic Salary and Target Bonus for the fiscal year in which the death occurs.

  • The Annual Basic Salary shall be subject to any withholdings which are required to be deducted by law and shall be payable by bank credit transfer in equal monthly instalments in arrears on or about the last working day of each calendar month paid by Xxxxxx Digital in accordance with its regular payroll practice for its senior executives as in effect from time to time.

  • If the Appointment is terminated by Xxxxxx Digital due to Disability or terminated automatically upon the Executive’s death then Xxxxxx Digital shall pay to the Executive (or the Executive’s estate, as applicable) in a lump sum in cash within 30 days after the Date of Termination, any portion of the Executive’s Annual Basic Salary earned through the Date of Termination that has not been paid and earned annual bonuses for completed financial years prior to the Date of Termination.

  • If the Appointment is terminated by Xxxxxx Digital for Cause or the Executive serves notice to voluntarily terminate his employment by serving notice under Section 1(a)(iii) then Xxxxxx Digital shall pay to the Executive in a lump sum in cash within thirty days after the Date of Termination, any portion of the Executive’s Annual Basic Salary earned through the Date of Termination that has not been paid and earned annual bonuses for completed financial years prior to the Date of Termination.

Related to Annual Basic Salary

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Annual Salary means the salary given under this Part.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Compensation means an amount equal to the greater of:

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Salary as defined in Section 3.1(a).

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Final Salary means the average annual salary for service for which

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Final average salary means whichever of the following is greater:

  • Current Annual Compensation means the greater of:

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).