Average Total Compensation means the sum of the amounts determined under clauses (i) and (ii) below.
Average Total Compensation means the average of the Executive's annual compensation over the five calendar years ending prior to the date of a Statutory Change in Control (or such shorter period of time during which the Executive is employed by the Company). Average Total Compensation shall be determined by taking into account all of the compensation payable to the Executive by the Company (including any pre-tax contributions made to a cafeteria plan or a Section 401(k) plan), and shall be determined pursuant to Section 280G of the Code. If the five calendar year period includes a calendar year in which the Executive was not employed for the entire year, the Executive's compensation for such calendar year shall be annualized.
Average Total Compensation means the average annual Total Compensation of a Participant for the highest five (5) successive years of Credited Service for which the Participant is directly compensated by the Company out of the last ten (10) years of such Credited Service prior to age 65 or earlier termination of employment.
Examples of Average Total Compensation in a sentence
Once Average Total Compensation is derived, Salary and Benefits can in turn be calculated as a Percentage of Total Compensation.
Data from the UNC School of Government County Survey indicates that paying for retiree health insurance is a common practice among government employers, and losing that benefit will adversely affect the competitiveness of the State’s benefits package for new hires.Once Average Total Compensation is derived, Salary and Benefits can in turn be calculated as a Percentage of Total Compensation.
The certificate(s) and endorsements for each insurance policy are to be signed by a person authorized by that insurer to bind coverage on its behalf.Certificates and endorsements are to be received and approved by the East Coast Garden Party Association Chairmen prior to the beginning of any work.
Table 13: Average Total Compensation* of Teachers and Administrators in the School District of Palm Beach County, 2014 District Teachers(N=13,897) Administrators(N=1,306) Total49,929 Some statistically significant differences were found in terms of total annual compensation.
Notwithstanding the foregoing, all Benefit Service, Average Total Compensation and Total Compensation accruals under the ongoing provisions of this Section 4.05 shall cease as of June 30, 2013.
More Definitions of Average Total Compensation
Average Total Compensation shall be the quotient obtained by dividing three (3) into the sum of the Base Salary plus the additional compensation paid pursuant to Sections 3.2 through 3.4 hereof with respect to each of the "Three Highest Years." The "Three Highest Years" are those three calendar years of the six calendar years most recently preceding the date of Xxxxxxxxxxx'x termination of employment (which shall include the calendar year in which Xxxxxxxxxxx'x employment terminates if his employment terminates on the last day of a calendar year) for which such sum is greatest. Such percentage shall equal 67% in the event Xxxxxxxxxxx continues to work until he reaches age 65 and, if Xxxxxxxxxxx'x employment terminates before he reaches age 65, such percentage shall be reduced by two (2) percentage points for each full year that his termination of employment precedes the date he reaches age 65. If Xxxxxxxxxxx'x termination of employment occurs on a date other than his birthday, the two (2) percentage point reduction shall be prorated on a monthly basis.
Average Total Compensation. The "Average Total Compensation" shall be the quotient obtained by dividing three (3) into the sum of the Base Salary plus the additional compensation paid pursuant to Sections 3.2 through 3.4 hereof with respect to each of the "Three Highest Years." The "Three Highest Years" are those three calendar years of the five calendar years most recently preceding the date of Stonecipher's termxxxxxxx xx xxployment (which shall include the calendar year in which Stonecipher's emplxxxxxx xxxxxxates if his employment terminates on the last day of a calendar year) for which such sum is greatest. Such percentage shall equal 67% in the event Stonecipher continxxx xx xxxx until he reaches age 65 and, if Stonecipher's emplxxxxxx xxxxxxates before he reaches age 65, such percentage shall be reduced by two (2) percentage points for each full year that his termination of employment precedes the date he reaches age 65. If Stonecipher's termxxxxxxx xx xxployment occurs on a date other than his birthday, the two (2) percentage point reduction shall be prorated on a monthly basis. 5.2
Average Total Compensation shall be the quotient obtained by dividing three (3) into the sum of the Base Salary plus the additional compensation paid pursuant to Sections 3.2 through 3.4 hereof with respect to each of the "Three Highest Years." The "Three Highest Years" are those three calendar years of the five calendar years most recently preceding the date of Stonecipher's termxxxxxxx xx xxployment (which shall include the calendar year in which Stonecipher's emplxxxxxx xxxxxxates if his employment terminates on the last day of a calendar year) for which such sum is greatest. Such percentage shall equal 67% in the event Stonecipher continxxx xx xxxx until he reaches age 65 and, if Stonecipher's emplxxxxxx xxxxxxates before he reaches age 65, such percentage shall be reduced by two (2) percentage points for each full year that his termination of employment precedes the date he reaches age 65. If Stonecipher's termxxxxxxx xx xxployment occurs on a date other than his birthday, the two (2) percentage point reduction shall be prorated on a monthly basis. 5.2
Average Total Compensation means an amount equal to the arithmetic average of the total compensation then actually being paid to craft labor in the specific Craft Labor Category at issue.
Average Total Compensation means, at any date of determination, the average annual total salary, bonus and other annual compensation, in each case as defined for purposes of Item 402 of Regulation S-K under the Securities Act of 1933, for the three fiscal years immediately preceding such date.
Average Total Compensation means the average of the total annual compensation actually paid by the Company to the Executive during the three (3) consecutive calendar years in which the Executive's total compensation from the Company was the highest. For this purpose, "total compensation" shall mean the Executive's base salary plus any bonuses earned for the year in question pursuant to Company short-term or long-term bonus incentive programs.
Average Total Compensation means, as of any date, the average obtained by dividing X/Y, where “X” equals the aggregate amount of Base Salary, Annual Bonus and Incentive Award paid to Executive for the preceding two (2) calendar years, and “Y” equals two (2). For this purpose, the amount of each of the relevant Incentive Awards will include both the cash and equity component of the Incentive Award (without double