Annualized Compensation definition

Annualized Compensation means an amount equal to the sum of (1) Executive's annual base salary pursuant to paragraph 3.1 in effect immediately prior to Executive's termination of employment hereunder and (2) an amount equal to 125% of the amount described in the foregoing clause (1);
Annualized Compensation is defined as salary, incentive, signing and other bonuses, equity compensation, and any other compensation that may be earned by the Xxxxx Professional during the first 12 months of service with the Company (or its subsidiary or affiliate) regardless of when or if such compensation is actually paid. The placement fee shall be due upon the commencement of the Xxxxx Professional’s employment or engagement with the Company (or its subsidiary or affiliate).
Annualized Compensation means the equivalent of the Employee’s Salary calculated on a full-time annual basis plus the maximum amount of any bonus for which the Employee was eligible with respect to the then-current bonus year.

Examples of Annualized Compensation in a sentence

  • As follows is the fee payable, which is a fixed percentage of Compensation* paid by County: Annualized Compensation Fee Percentage All positions 12% for all positions *Compensation includes base gross salary, gross compensation for services, fees, wages, guaranteed and/or anticipated bonus and commission earnings, to be made to the candidate during the first twelve (12) months of employment.

  • Accordingly, Client agrees that if any Candidate submitted to Client by Insight Global is hired either directly or indirectly by Client or one of its affiliates within one hundred eighty (180) days of receipt of such person’s resume, Client shall pay a placement fee equal to twenty-three percent (23%) of the Candidate’s Annualized Compensation (“Placement Fee”).

  • Accordingly, in an effort to liquidate in advance the sum that would represent the damages caused by such solicitation, you agree that you will pay to the affected employer an amount equal to the Annualized Compensation paid by us or such affiliate or franchise owner to any employee of ours, our affiliate or our franchise owners who leaves such employment directly or indirectly as a result of your breach of this Agreement.

  • For each Candidate to be placed with Client or its affiliates, the parties shall memorialize in writing the name, Annualized Compensation, Placement Fee, and starting date for such Candidate.

  • If, at any time during the time frame in which a Xxxxx Professional is providing Services to the Company and for a period of 12-months thereafter, other than in connection with this Agreement or another Xxxxx agreement, the Company or any of its subsidiaries or affiliates employs such Xxxxx Professional, or engages such Xxxxx Professional as an independent contractor, the Company will pay Xxxxx a placement fee in an amount equal to 35% of the Annualized Compensation (as defined below).


More Definitions of Annualized Compensation

Annualized Compensation means the sum of (i) your highest level of Compensation (exclusive of any bonus(es)) within one (1) year of the date on which your employment terminates and (ii) the bonus(es) included in the definition of "Compensation".
Annualized Compensation means your rate of annual base salary as in effect immediately prior to your Qualifying Termination, without regard to any decrease in such salary which would give rise to Good Reason plus an amount equal to your “Annual Bonus.”
Annualized Compensation means all salary, commissions,
Annualized Compensation means the sum of your highest level of Compensation (exclusive of any bonus(es)) within one (1) year of the date on which your employment terminates.
Annualized Compensation means an amount equal to the sum of (1) Executive's annual base salary pursuant to paragraph 3.1 in effect immediately prior to Executive's termination of employment hereunder and (2) a deemed annual bonus which shall be equal to the Bonus Percentage of the amount described in clause (1) of this paragraph 4.7(i). The "Bonus Percentage" shall be a percentage equal to the annual percentage of base salary (i.e., 0% to 125%) paid or payable to a participant under the Company's Executive Bonus Program (and its predecessor or any successor plan or program) with respect to the most recent fiscal year ended prior to Executive's termination of employment;
Annualized Compensation means Employee's annual base salary immediately prior to a Change of Control.
Annualized Compensation means the Executive’s annual Base Salary, plus the aggregate Bonus amounts received by the Executive in the two (2) years preceding the date of termination, divided by two (2).