Annualized Salary definition

Annualized Salary means the annual base salary payable by the Company to the Executive immediately prior to the Change in Control or, if greater, twelve times the highest monthly base salary paid or payable, including any base salary which has been earned but deferred, to the Executive by the Company in respect of the twelve-month period immediately preceding the month in which the Change in Control occurs.
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Examples of Annualized Salary in a sentence

  • Teachers shall file a Notice of Election for Annualized Salary, Appendix I, with the business office before the beginning of the school year.

  • Teachers shall be required to complete and submit a Notice of Election for Annualized Salary Form prior to the first day of work each school year.

  • The conversion fee is calculated as a percentage of the Contractor’s first year annualized cash salary, inclusive of non-discretionary bonuses, as an employee of University ("First Year Annualized Salary").

  • For Direct Hires through Medix’s Clinical Research division, the amount of the Direct Hire Fee will be 30% of the Candidate’s First Year Annualized Salary.

  • Anyone who chooses not to participate in the Annualized Salary Method must continue to pay for benefits during the summer months as invoiced or benefits will be terminated.

  • Regular part-time Faculty members who were paid an annualized salary above the applicable minimum rates during the 2017-2018 academic year, shall receive the following increase to their salary, effective Spring 2019: Rank Increase to Annualized Salary Adjunct Professor (with terminal degree in the applicable field) $940 Adjunct Instructor (without terminal degree in the applicable field) $747 7.

  • For all other Medix divisions, the amount of the Direct Hire Fee will be 25% of the Candidate’s First Year Annualized Salary.

  • The amount of each such quarterly bonus, if the criteria to earn such bonus for a given quarter is met, shall be an amount equal to eight and one-quarter percent (8.25%) of Lloyd's Applicable Annualized Salary.

  • Each employee will be required to sign a copy of this Plan so as to constitute a written agreement indicating their consent to the above "Annualized Salary Method" and if the employee either at the beginning of employment or for a subsequent year.

  • The amount of each such quarterly bonus, if the criteria to earn such bonus for a given quarter is met, shall be an amount equal to twelve and one-half percent (12.50%) of Noe'▇ ▇▇▇licable Annualized Salary.