Base annual earnings definition
Base annual earnings means an employee’s base annual earnings on his or her
Base annual earnings means basic annual earnings excluding bonuses, overtime pay, and extra compensation.
Base annual earnings means the Participant’s gross earnings, paid by the Employer to the Participant during the 365 consecutive days (or since the date of hire if less than 365 days) immediately prior to the date of the Accident or Occurrence. For Participants receiving payment on commission, base annual earnings shall be the average annual earnings over the three (3) year period immediately preceding the date of the Accident or Occurrence. For Participants receiving payment on commission that have less than a three (3) year employment history with the Employer, an average monthly earning will be calculated and multiplied by twelve (12) to calculate the base annual earnings. The maximum base annual earnings which the Employer will recognize for coverage under this Plan is $60,000.
More Definitions of Base annual earnings
Base annual earnings means an employee’s base annual earnings on his or her last day of active
Base annual earnings of a Participant shall mean a Participant’s annual wage or salary as reported by the Employer and shown on the state employment tax rolls for work performed for the Employer as in effect just prior to the date of the Occupational Injury. For commissioned Participants, Base Annual Earnings shall be the average annual earnings over the most recent three (3) year period or the period of employment with the Employer if shorter, immediately preceding the Occurrence. For hourly Participants, Base Annual Earnings shall mean a Participant’s earnings as reported by the Employer for work performed for the 12 months immediately prior to the date of the Injury. If the Participant was not employed by the Employer for the full 12 months, Base Annual Earnings shall mean the Participant’s average monthly earnings from the Employer for the months employed times twelve.