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);

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Annualized Compensation is defined as salary, incentive, signing and other bonuses, equity compensation, and any other compensation that may be earned by the ▇▇▇▇▇ Resource 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 ▇▇▇▇▇ Resource’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

• Therefore, in the event this provision is breached, ▇▇▇▇▇ will be entitled to receive as liquidated damages an amount equal to forty-five percent (45%) of the ▇▇▇▇▇ Partner’s Annualized Compensation (as defined below), which amount the parties agree is reasonably proportionate to the probable loss to ▇▇▇▇▇ and is not intended as a penalty.

• Other "cash severance-type benefits" shall not include cash settlement of stock options, accelerated vesting of stock options and retirement, pension and other similar benefits for purposes of this Section II.2.2(b), but such items may be included as part of the Annualized Compensation under Section 280G of the Code.

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

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

• Therefore, in the event this provision is breached, SeatonHill will be entitled to receive as liquidated damages an amount equal to 45% of the Annualized Compensation (as defined below), which amount the parties agree is reasonably proportionate to the probable loss to SeatonHill and is not intended as a penalty.

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 constituting an Enumerated Event.

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 Employee's annual base salary immediately prior to a Change of Control.

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 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).