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

• On the next Business Day after Contractor receives the Final Monthly Schedule from United pursuant to Section 2.01(c), 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 such Final Monthly Schedule pertains.

• In the event Delta changes the hub location served by the Aircraft, if any, Delta shall provide Republic with 90 days prior written notice of such change and Delta and Republic shall meet as soon as practicably possible to review and revise the Direct Costs and corresponding Base Compensation as a result of such change in the manner provided in Section 4(E) hereof.

• In addition to the Base Compensation (as defined below), Republic shall have the opportunity to earn additional compensation (the “Monthly Incentive Compensation”) based upon its completion rate (actual) and on-time arrival rate for each month, each in connection with the operation of the Aircraft.

• Section 1(C) of the Agreement is hereby amended by deleting in its entirety the following sentence from the third paragraph thereof: In the event Delta changes the hub location served by the Aircraft, if any, Delta shall provide Republic with [***] days prior written notice of such change and Delta and Republic shall meet as soon as practicably possible to review and revise the Direct Costs and corresponding Base Compensation as a result of such change in the manner provided in Section 4(E) hereof.

• Not later than twenty-five (25) days following the end of each month, Delta and Operator will reconcile the actual costs incurred by Republic for the Base Compensation (subject to the Minimum Utilization Requirements), with the estimated payments made pursuant to the previous paragraph.

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.