Compensation Level definition

Compensation Level means the sum of (A) the
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Compensation Level means the sum of (A) the greater of (1) Executive's annual base salary in effect on the date of termination or (2) Executive's annual base salary in effect immediately prior to the Change of Control, plus (B) an amount (the "Bonus Amount") equal to the greater of (1) Executive's maximum bonus opportunity under the Company's annual bonus plan ("Maximum Bonus") in respect of the year of Executive's termination of employment determined as of Executive's date of termination or (2) 112.5% of the amount determined under clause (A) of this sentence. Such lump sum payment shall be paid by the Company on the date (the "Payment Date") that is no later than two (2) business days immediately prior to the Anticipated COC Date or, in the case of a Change of Control in respect of which an Anticipated COC Date is not applicable, no later than ten (10) working days following any termination of employment covered by this Section 5. For purposes of this Agreement, the "Anticipated COC Date" is the date
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Examples of Compensation Level in a sentence

  • Employee Evaluations for Compensation Level Advancement: It is a requirement of the District Compensation Plan for an employee to earn a satisfactory evaluation in order to be eligible for level advancement on the salary schedule.

  • Approval of delegation of authority under the defined parameters, above, for all men’s and/or women’s coaches and assistant coaches whose new potential total cash compensation exceeds the Indexed Compensation Level, currently set at $205,000 per annum.

  • A full reporting of all coaches whose total cash compensation exceeds the Indexed Compensation Level will be provided to the Regents in the Annual Report on Executive Compensation.

  • The Chancellor, after appropriate review, has authority to approve salaries up to and including the Indexed Compensation Level (ICL).

  • Authority to approve salaries beyond the Indexed Compensation Level (ICL) threshold rests with the Provost and Executive Vice President.

  • When Elevator Contractor is performing work that creates dust, extreme caution shall be taken by the Elevator Contractor to contain all dust particles.

  • The Minimum Compensation Level, which is indexed annually, is $103,948 as of October 1, 2014.

  • APPENDIX A-2 2020-2021 Salary Grid Compensation Level BS MS A $40,000 $43,217 B $41,930 $45,147 C $43,860 $47,077 D $45,790 $49,007 E $47,720 $50,937 F $49,650 $52,867 G $51,580 $54,797 H $53,510 $56,727 I $55,440 $58,657 J $57,370 $60,587 K $59,300 $62,517 L $61,230 $64,447 M $63,160 $ 66,377 N $65,090 $68,307 O $67,020 $70,237 P $68,950 $72,167 Q $70,880 $74,097 R $72,810 $76,027 S $74,740 $77,957 Salaries above are solely for the school year negotiated and identified above in Appendix A-2.

  • It is proposed that this specific set of delegations will be reviewed by The Regents annually, along with a full reporting of all coaches whose total cash compensation exceeds the Indexed Compensation Level.

  • Compensation Level: All confirmed PM/DM diagnoses will be compensated at the GCTS/PM/DM--A level.

Related to Compensation Level

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Basic Compensation means Salary and Benefits.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Annual Compensation means an amount equal to the greater of:

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Final compensation of a member means:

  • Integration Level means the Social Security taxable wage base for the Plan Year, unless the Employer elects a lesser amount in (i) or (ii) below.

  • Final Average Compensation means the average annual

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Action level means a rate of emissions of a hazardous air contaminant as specified in Appendix C or as may be determined under Section 5-261(3) of these regulations. Action Levels are used to determine the applicability of Section 5-261 to stationary sources and shall be derived in accordance with the method prescribed in Appendix E of these regulations.

  • 415 Compensation means:

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Average final compensation means the average annual creditable compensation of a member during

  • Highest Average Compensation means the average compensation for the three consecutive years of service with the employer that produces the highest average.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • 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.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.