Annual Total Compensation definition
Annual Total Compensation means only the base cash compensation paid to the Executive only in his capacity as President and Chief Executive Officer in bi-weekly amounts plus any cash incentive compensation actually paid to the Executive during such rolling 3-year period. Such term shall not include any other form of compensation or benefit paid or provided to the Executive. Such amount shall be paid to the Executive in a lump sum within 30 days following the date of the Executive’s Termination of Employment or, if later, within 30 days following the date on which the Executive signs a mutually acceptable release agreement provided, however, that in all events such amount shall be paid before March 15 of the
Annual Total Compensation means the sum of the base salary and annual inventive bonus paid to the Executive on account of the calendar year in question plus all vested amounts credited to the Executive on account of such calendar year under applicable incentive compensation plans (without regard to any accelerated vesting caused by operation of Section 1.3 hereof).
Annual Total Compensation means total cash compensation paid to St. Germain under Sections 3.1 (salary) and 3.2 (bonus) in the twelve (12) month period immediately preceding the date on which the Annual Total Compensation is being measured.
Examples of Annual Total Compensation in a sentence
If this Agreement is terminated by the Company pursuant to Section 7.3.1(A), St. Germain shall be entitled to severance equal to his Annual Total Compensation at the time of termination determined pursuant to Section 3.1 payable in twelve equal monthly installments beginning with the first of the month following said termination.
More Definitions of Annual Total Compensation
Annual Total Compensation means the total cost to taxpayers for the services of the identified individual during the most recently completed fiscal year.
Annual Total Compensation means the Executives’ annual base salary, bonus, RRSP top-up entitlement, health benefits and car allowance as of June 15, 2012.