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.
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
The Company shall continue to pay Executive his Base Compensation for a period of 12 months following the Separation (the “Continuation Period”).
Such severance payments shall be paid at the Base Compensation rate in effect at the time of the Separation and in accordance with the Company’s standard payroll procedures.
The Executive shall be eligible for an annual incentive bonus with a target amount equal to 45% of his Base Compensation (the “Annual Target Bonus”).
The Executive shall be eligible for an annual incentive bonus with a target amount equal to 40% of his Base Compensation (the “Annual Target Bonus”).
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.