Base Compensation definition

Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

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Base Compensation means Executive’s monthly base salary for services performed based on the average base salary for the six (6) months prior to the Termination Date.

Base Compensation as of any point in time shall refer to the Base Compensation as adjusted pursuant to this Section 4.

Examples of Base Compensation in a sentence

In accordance with Section 2.2 of the First Amendment, the parties hereto agree that the Base Compensation rates for each of the Covered Aircraft (including, without limitation, the 2013 Aircraft) under the CPA shall be adjusted by adding a new per block hour rate under the heading “Variable cost per Completed Block Hour” in each of Appendix 1(A) and Appendix 1(B) of Schedule 2, with such new per block hour rate being set forth in Exhibit A hereto (the “FAR 117 Rate”).
With respect to the Base Compensation of the EMB Aircraft (Spare #2), such Base Compensation shall be as provided in Eighteenth Amendment as pertaining to all other EMB Aircraft (Group 4); provided, that with respect to the “Fixed Cost per Aircraft Month – General Cost,” such cost shall be as provided in Annex 2 hereto, subject to adjustment as provided in the Eighteenth Amendment.
As to the second operational Spare Aircraft, the compensation payable by Alaska to Contractor under the CPA with respect to such second operational Spare Aircraft shall reflect the Base Compensation rates provided for herein for the EMB Aircraft (Spare #2).
Within [***] Business Days prior to the beginning of each month, Contractor shall present a reasonably detailed written invoice for amounts due under this Agreement in respect of the Base Compensation for the Scheduled Flights during the month to which a Final Monthly Schedule pertains.

More Definitions of Base Compensation

Base Compensation means the Participant’s annual base salary rate in effect immediately prior to a Qualifying Termination, disregarding any reduction which gives rise to Good Reason.

Base Compensation means the annual rate of compensation set forth in Section 4.1, as such amount may be adjusted from time to time.

Base Compensation means the annual base salary the Corporation pays the Employee for his or her services immediately prior to an Involuntary Termination.

Base Compensation means (1) the highest annual rate of base salary of the Executive within the time period consisting of one year prior to the date of a Change in Control and the Effective Date of Termination and (2) the AIP bonus target for performance in the calendar year that a Change in Control occurs or the average of the actual AIP payments for the three years immediately preceding the Change in Control, whichever is higher “Beneficiary” shall mean the persons or entities designated or deemed designated by the Executive pursuant to Section 7.2 herein.

Base Compensation shall have the meaning set forth in Section 5(a).

Base Compensation means the Employee’s (i) annual base salary paid by the Company for services performed as in effect on the Termination Date; and (ii) target cash bonus and/or other forms of cash incentive compensation for the fiscal year in which the Change of Control is effective.

Base Compensation means the Executive’s annual base salary paid by the Company for services performed as in effect on the Termination Date.