Annual Compensation Value definition

Annual Compensation Value means Hede▇▇'▇ ▇▇▇n-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Hede▇▇ ▇▇▇ing the three (3) calendar years preceding the date upon which the valuation is made.

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Annual Compensation Value means Holm▇▇' ▇▇en-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Holm▇▇ ▇▇▇ing the three (3) calendar years preceding the date upon which the valuation is made. (b) "Base Compensation" shall mean the then-current annual base salary (exclusive of Bonuses) of Holm▇▇. (c) "Bonuses" shall mean bonus payments earned by Holm▇▇ ▇▇▇er Reyn▇▇▇▇' ▇▇centive Compensation Plans and under any future bonus or incentive compensation plans of Reyn▇▇▇▇ ▇▇▇ its executive officers. (d) "Change in Control" shall mean the occurrence of any of the following: (i) Any "person," as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (other than Rich▇▇▇ ▇. ▇▇▇▇▇, ▇▇., ▇▇s children or his grandchildren, Reyn▇▇▇▇, ▇▇y trustee or other fiduciary holding securities under an employee benefit plan of Reyn▇▇▇▇, ▇▇ any company owned, directly or indirectly, by the shareholders of Reyn▇▇▇▇ ▇▇ substantially the same proportions as their ownership of stock of Reyn▇▇▇▇), ▇s or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Reyn▇▇▇▇ ▇▇▇resenting fifty percent

Examples of Annual Compensation Value in a sentence

For purposes of this Agreement, the terms set forth below shall have the following meanings: (a) "Annual Compensation Value" shall mean Holm▇▇' ▇▇en-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Holm▇▇ ▇▇▇ing the three (3) calendar years preceding the date upon which the valuation is made.
For purposes of this Agreement, the terms set forth below shall have the following meanings: (a) "Annual Compensation Value" shall mean Employee's then-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Employee during the three (3) calendar years preceding the date upon which the valuation is made.
For purposes of this Agreement, the terms set forth below shall have the following meanings: (a) "Annual Compensation Value" shall mean Baus▇▇▇'▇ ▇▇▇n-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Baus▇▇▇ ▇▇▇ing the three (3) calendar years preceding the date upon which the valuation is made.

More Definitions of Annual Compensation Value

Annual Compensation Value means Employee's then-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Employee during the three (3) calendar years preceding the date upon which the valuation is made. (b) "Base Compensation" shall mean the then-current annual base salary (exclusive of Bonuses) of Employee. (c) "Bonuses" shall mean bonus payments earned by Employee under Reyn▇▇▇▇' ▇▇centive Compensation Plans and under any future bonus or incentive compensation plans of Reyn▇▇▇▇ ▇▇▇ its executive officers. Currently Reyn▇▇▇▇ ▇▇▇ in effect the following Incentive Compensation Plans: the Annual Bonus Plan, the Intermediate Bonus Plan and the Personal Performance Plan, true and

Annual Compensation Value means Proud's then-current Base Compensation plus an amount equal to the average of all Bonuses (excluding any compensation attributable to stock options of any type granted by Reyn▇▇▇▇) ▇▇rned by Proud during the three (3) calendar years preceding the date upon which the valuation is made. 2 (b) "Base Compensation" shall mean the then-current annual base salary (exclusive of Bonuses) of Proud. (c) "Bonuses" shall mean bonus payments earned by Proud under Reyn▇▇▇▇' ▇▇centive Compensation Plans and under any future bonus or incentive compensation plans of Reyn▇▇▇▇ ▇▇▇ its executive officers. (d) "Change in Control" shall mean the occurrence of any of the following: (i) Any "person," as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (other than Rich▇▇▇ ▇. ▇▇▇▇▇, ▇▇., ▇▇s children or his grandchildren, Reyn▇▇▇▇, ▇▇y trustee or other fiduciary holding securities under an employee benefit plan of Reyn▇▇▇▇, ▇▇ any company owned, directly or indirectly, by the shareholders of Reyn▇▇▇▇ ▇▇ substantially the same proportions as their ownership of stock of Reyn▇▇▇▇), ▇s or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Reyn▇▇▇▇ ▇▇▇resenting fifty percent (50%) or more of the combined voting power of Reyn▇▇▇▇' ▇▇en outstanding securities; (ii) during any period of two (2) consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board, any new director (other than a director designated by a person who has entered into an agreement with Reyn▇▇▇▇ ▇▇ effect a transaction described in clause (i), (iii) or (iv) of this Section