Base Monthly Salary definition
Base Monthly Salary means an amount equal to one-twelfth of Executive’s then current annual base salary. Base Monthly Salary shall not include incentives, bonus(es), health and welfare benefits, car allowances, long term disability insurance or any other compensation or benefit provided to executive employees of the Company.
Base Monthly Salary means the monthly base compensation of the Employee.
Base Monthly Salary means one-twelfth (1/12) of Employee's Base Annual Salary specified in this Agreement. If there is no Base Annual Salary specified in this Agreement or at the time of termination or expiration of this Agreement Employee was not entitled to receive a Base Annual Salary, "Base Monthly Salary" means the average monthly compensation paid to Employee by MIKOHN during the time of his/her employment by MIKOHN.
Examples of Base Monthly Salary in a sentence
If Employee’s employment with the Bank (or its subsidiaries) is terminated during the term of this Agreement as described in Section 9(f)(i) above, the Employee shall be entitled to be paid in cash in an amount equal to (a) twelve times Employee’s Base Monthly Salary (as defined above), plus (b) an amount equal to twelve times the monthly cost that will be incurred by Employee as of the date of termination if Employee elects to continue Employee’s and his dependents’ health insurance under COBRA.
More Definitions of Base Monthly Salary
Base Monthly Salary means the average monthly compensation paid to Employee by MIKOHN during the time of his/her employment by MIKOHN.
Base Monthly Salary means for the purposes of the Plan, the monthly base salary rate of such Eligible Executive during each month, prior to giving effect to any salary reduction agreement pursuant to an employee benefit plan, as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, (i) to which Code Section 125 or Code Section 402(e)(3), applies or (ii) which provides for the elective deferral of compensation. It shall not include supplemental compensation or any other kind of extra or additional compensation.
Base Monthly Salary means Annual Salary ÷ 12
Base Monthly Salary means one-twelfth of the Participant’s annual rate of base salary in effect as of the Termination Date, disregarding any reduction that would constitute Good Reason.
Base Monthly Salary for purposes of the SDI integration program, is defined as the salary amount of the employee’s step on the salary schedule of the employee’s classification at the time of integration.
Base Monthly Salary for purposes of sick leave integration is defined as the salary amount for the employee’s step on the salary schedule for the employee’s regular classification as shown in the “Salary” field on the On-Line Payroll Time Reporting System used by the District for payroll reporting purposes.
Base Monthly Salary means the monthly base salary of the Employee from the Company, but determined without regard to any salary reduction agreement of the Employee under Sections 401(k) and 125 of the Internal Revenue Code of 1986 (the "Code") (or corresponding provisions of subsequent federal income tax laws) or any salary deferral agreement of the Employee under any non-qualified deferred compensation program that may be available to the Employee from time to time, and excludes (i) incentive or additional cash compensation; (ii) any amounts included in income because of Sections 79 or 89 of the Code; and (iii) any amounts paid to the Employee for reimbursement for expenses or discharging tax liabilities.