Compensation Multiplier definition

Compensation Multiplier means 1.5.
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Compensation Multiplier means 1.0.
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Compensation Multiplier means: (i) if the Executive is subject to compulsory retirement, then the number of years and fractions of years remaining (such fractions to be expressed as the number of whole months and any partial month, divided by 12) from the Executive’s Date of Termination (as defined in Section 5(e)) to his normal retirement date, not to exceed three, or, (ii) if the Executive is not subject to compulsory retirement, then the multiplier shall be three.
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Examples of Compensation Multiplier in a sentence

  • We may, at our option, include the Acquired Business in your Payment Eligible Written Premium or Volume Eligible Written Premium and/or adjust your Compensation Multiplier for any subsequent calendar years.

  • Based on that review, we may change your Compensation Multiplier for 2014 provided we advise you in writing of your new Compensation Multiplier by December 15, 2013.

  • Compensation Multiplier as may be modified by us from time to time as set forth herein.

  • Your Compensation Multiplier was derived using the volume factors and profitability multipliers shown on Exhibit B.

  • Your Compensation Multiplier may be subject to change based on the terms of this FVB Contract.

  • The attached Compensation Multiplier Schedule shows your Compensation Multiplier.

  • Name: ATLAS INS BROKERS LLC 0CMH77 Agency Master Code(s): Your Compensation Multiplier is 1.25%.


More Definitions of Compensation Multiplier

Compensation Multiplier means the compensation multiplier that is designated in a Participant’s Participation Agreement, as determined by the Board, and used to determine Participant’s Severance Benefits under Section 3.1. Unless otherwise provided in the Participant’s Participation Agreement, the Participant’s Compensation Multiplier shall be one of the following:
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Compensation Multiplier means: (i) if the Executive is subject to compulsory retirement, then the number of years and fractions of years remaining (such fractions to be expressed as the number of whole months and any partial month, divided by 12) from the Executive's Date of Termination (as defined in Section 5(e)) to his normal retirement date, not to exceed three (unless such Executive's termination of employment is a Window Period Termination, as defined in Section 5(c), in which case the multiplier shall not exceed two) or, (ii) if the Executive is not subject to compulsory retirement, then the multiplier shall be three, or if the Executive's termination of employment is a Window Period Termination, then two.
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Related to Compensation Multiplier

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • 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);

  • 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.

  • Multiplier means the Multiplier specified in the Table.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.