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

Examples of Base Compensation in a sentence

• If the cooperation provided occurs when no severance pay is due Executive, then in addition to reimbursing Executive for out-of-pocket travel expenses, the Corporation will also reimburse Executive for his time expended on the Corporation’s behalf at an hourly rate determined from Executive’s Base Compensation as of the Date of Termination, or a pro-rata portion thereof.

• Upon Executive’s death, the Corporation shall pay Executive’s estate Executive’s full Base Compensation through the date of Executive’s death.

• In the event Executive is Separated from Service as a result of “Permanent Disability” during the Term, Executive shall remain on the payroll at Executive’s then applicable Base Compensation and be paid for period of ninety (90) days.

• The annual adjustment to Base Compensation, if any, shall be a discretionary increase deemed appropriate by the Corporation.

• Base Compensation shall be paid in accordance with the Corporation’s regular payroll during the Term, and if applicable, during the severance pay period, less all required payroll taxes and authorized withholdings.

More Definitions of Base Compensation

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

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

Base Compensation means the annual rate of compensation set forth in Section 5(a), as such amount may be adjusted from time to time.

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