Compensation Component definition
Compensation Component means any of the following as applied to an Eligible Employee: (i) the Eligible Employee's base salary using annual rate in a partial year of service, (ii) any annual bonus plus special bonuses paid or accrued for the benefit of the Eligible Employee, whether or not under the Company's Profit Incentive Plan, (iii) "Participating Employer Contributions" (as that term is defined in the SARP under Section 5.2) for the Eligible Employee's benefit under SARP, (iv) allocations (other than of income or earnings) to the Eligible Employee's account under the ESOP, (v) credits under Section 6 of the SERP to the Eligible Employee's "Non-Directed Account" as that term is defined in the SERP, and (vi) "Matching Contributions" (as that term is defined in the SARP under Section 5.1A). For the avoidance of doubt, the following shall not constitute Compensation Components: accruals or benefits under the Company's Long Term Deferred Compensation Incentive Plan or any similar long-term plan, payments or reimbursements of or for relocation or moving expenses, or income in respect of the grant, vesting or exercise of stock (including restricted stock) awards or stock options.
Examples of Compensation Component in a sentence
The Compensation Component shall be considered as compensation for services rendered to the Bank subsequent to the Merger and shall be determined and be payable in accordance with the provisions of the Bank’s Executive Incentive Plan as amended by the information set forth in Exhibits B, C, and D to this Agreement.
Krueger_____ Compensation Component Grade: E Grade: E % increase (base salary) N/A 5% Short-Term (Annual) Incentive Multiple 100.0% 100.0% Long-Term Incentive Multiple 200% 300% % increase (TTC) N/A 32% Two thirds of the AIP will be based on Company earnings before tax (EBT) performance against Board determined targets.