Applicable Compensation definition

Applicable Compensation of a Participant means his

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Applicable Compensation for an Employee is the mean Yearly Cash Compensation for the five full calendar years during the ten full calendar years preceding the Part‑Time Employment Commencement Date that had the highest Yearly Cash Compensation.

Applicable Compensation means compensation received by a Covered Person, w et er cas − or eqvity−based, w ic may be discretionary, time−based or performance−based, inclvding, wit ovt limitation, any cas bonvses or eqvity−based

Examples of Applicable Compensation in a sentence

Each Employee who has met one of the participation requirements in Article III may make Tax- Deferred and/or After-Tax Savings Contributions to the Plan in integral percentages of his Applicable Compensation from a minimum of 1% percent to the following maximums.
The 401(m) Contribution Percentage of a Participant or Employee eligible to be a Participant for a Plan Year means the sum of his After-Tax Savings Contributions and Company Matching Contributions for the Plan Year (other than Company Matching Contributions used in determining his 401(k) Deferral Percentage under Section 4.5), computed as a percentage of his Applicable Compensation for such year (to the nearest 1/100 of a percentage point).
Also, subject to Code limitations, his maximum After-Tax Savings Contributions in any Plan Year is 20% of his Applicable Compensation for such Plan Year.
For purposes of determining the "Contribution Percentage" of a Participant who is a five-percent owner or one of the ten most highly-paid Highly Compensated Employees, the "Contribution Percentage Amounts" and "Applicable Compensation" of such Participant shall include the "Contribution Percentage Amounts" and "Applicable Compensation" for the Plan Year of Family Members.
The foregoing 15% Tax-Deferred Savings and 21% After-Tax Savings Contributions limitations are applied to the Participant's Applicable Compensation in each payroll cycle and only prospectively.

More Definitions of Applicable Compensation

Applicable Compensation has the meaning set forth in Section 2.3. 1.3 "Beneficial Ownership" has the meaning Rule 13d-3 promulgated under the Securities Exchange Act of 1934. 1.4 "Change of Control" means any event described in subparagraphs (a) through (e) below: (a) The acquisition by any Person of Beneficial Ownership of 20% or more of the Stock or the Voting Power of Trigon Healthcare, but excluding for this purpose any acquisition by the Company (or an Affiliate) or by an employee benefit plan sponsored by the Company (or an Affiliate). When two or more persons act in concert for the purpose of acquiring Stock or Voting Power of Trigon Healthcare, such Persons shall be deemed to be a single Person.

Applicable Compensation means amounts paid by Amoco or an Affiliated Company to an Employee who is eligible to participate as (i) basic salary and wages, including forms of base pay delivered in alternative forms such as piecework; payment by mileage for drivers; overtime; and shift differentials, (ii) pay-in- lieu of vacation, (iii) commissions, (iv) variable incentive payments, (v) bonuses in the year received while an Employee, including foreign service premium payments made prior to January 1, 1997, (vi) lump sum performance awards, and (vii) amounts contributed on behalf of the Employee to a cafeteria plan or a cash or deferred arrangement and not included in the Employee's gross income for federal income tax purposes under Section 125 or 402(e)(3) of the Code, but excluding (i) sign-on, retention, severance and separation payments, (ii) reward and recognition payments, (iii) remuneration received attributable to moving and educational expenses, (iv) expense allowances and reimbursement for federal income tax purposes, and (vi) any other items of remuneration.

Applicable Compensation means: (i) any annual performance-based cash bonus awarded afterthe Effective Date pursuant to the Company's incentive compensation program or any other bonus that relates, in whole or in part, to performance in the Lookback Period, and (ii) any performance-based equity award granted after the Effective Date under the Company's long-termcompensation program or other executive compensation plan, or any successor plan thereto, thatrelates, in whole or in part, to performance in the Lookback Period.

Applicable Compensation of an employee for any plan year or other period of reference is his total wages paid in cash from his employer for services while a participant during such plan year or other period. Applicable compensation also includes any contributions made by an employer to this plan or another employee benefit program on behalf of the employee in accordance with a salary reduction agreement under Code Sections 125, 129, 132(f) (effective January 1, 1998) and 401(k). The amount of a participant's applicable compensation taken into account under the plan for any plan year will not exceed $160,000 ($200,000 effective January 1, 2002), as adjusted in accordance with Code Section 401(a)(17) for such year.

Applicable Compensation for the Plan Year of Family Members. Family Members, with respect to Highly Compensated Employees, shall be disregarded as separate Employees in determining the ACP both for Participants who are Non-Highly Compensated Employees and for Participants who are Highly Compensated Employees.

Applicable Compensation means Limitation Compensation ------------------------- for the Plan Year for which a determination is being made under Section 4.6 and/or 4.8 plus any amount which is not includible in an Employee's gross income by reason of the application of section 125, 402(e)(3), 402(h)(1)(B), or 403(b) of the Code.

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