Examples of Base Annual Salary in a sentence
Increases to Base Annual Salary which result in a benefit increase of $50,000 or greater and are above the guarantee issue amount will be subject to evidence of insurability satisfactory to Us before the increased benefit can become effective.
However, if an Employee's Salary is based in whole or in part on commissions, Base Annual Salary will include the amount paid in commissions during the preceding twelve-month calendar period.
Base Annual Salary means the gross annual compensation prior to before-tax payroll deductions, if any, which an Insured earns from his occupation with the Policyholder.
While you should provide information for each item of the budget, you must justify the following budget categories, where applicable: salaries (justification is to include the Base Annual Salary for each key person), equipment, travel, participant/trainee support and other direct cost categories.
The Eligible Employee Contribution shall be a minimum of $100 a month but in no event shall the Eligible Employee’s Contribution exceed 10% (unless otherwise specified by the Committee), before deductions, of the Eligible Employee’s Base Annual Salary subject to a maximum contribution of $1,250 per month.