Current Annual Compensation definition

Current Annual Compensation means the greater of:

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Current Annual Compensation means the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company) plus any medical, financial and insurance coverage provided presently under your current annual compensation plan, and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans.”

Current Annual Compensation as defined in this Section 9(e)(i) (the "Salary Termination Benefit"). "Current Annual Compensation" shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company), and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits.

Examples of Current Annual Compensation in a sentence

• For this purpose "Current Annual Compensation" shall mean the total of Executive's Basic Salary in effect at the Termination Date, plus any performance bonuses received by Executive in the prior twelve months, and shall not include the value of any stock options granted or exercised, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits.

• Upon a termination of the Employee's employment under the circumstances described in this Section 6, the Employee will receive a Change in Control Benefit equal to three (3) times the Employee's Current Annual Compensation as defined in this Section 6(b)(i) as of the date of the Change in Control.

• Upon a termination of Winterbottom’s employment under the circumstances described in Section 4.7, Winterbottom will be eligible for a Change in Control Benefit of three times Winterbottom’s Current Annual Compensation as defined in Section 4.7(b) as of the date of the Change in Control.

• Upon a termination of ▇▇▇▇▇▇▇’▇ employment under the circumstances described in Section 4.7, ▇▇▇▇▇▇▇ will be eligible for a Change in Control Benefit of three times ▇▇▇▇▇▇▇’▇ Current Annual Compensation as defined in Section 4.7(b) as of the date of the Change in Control.

• Two (2) times Executive’s Current Annual Compensation as defined in the next sentence (the “Salary Termination Benefit”).

More Definitions of Current Annual Compensation

Current Annual Compensation means the total of Executive's Basic Salary in effect at the Termination Date, plus any performance bonuses received by Executive in the prior twelve months, and shall not include the value of any stock options granted or exercised, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits. The Salary Termination Benefit shall be paid to the Executive in 24 equal consecutive monthly payments commencing on the first day of the month after termination of employment following a Change in Control.

Current Annual Compensation as defined in this Section 6(e)(i) ("Salary Termination Benefit"). For this purpose "Current Annual Compensation" shall mean the total of Executive's Basic Salary in effect at the Termination Date, plus any performance bonuses received by Executive in the prior twelve months, and shall not include the value of any stock options granted or exercised, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits. The Salary Termination Benefit shall be paid to the Executive in 24 equal consecutive monthly payments commencing on the first day of the month after termination of employment following a Change in Control.

Current Annual Compensation means, with respect to a Person, such Person’s annual compensation including per diem compensation and other special compensation.

Current Annual Compensation means the total of Executive's Basic Salary in effect at the Termination Date, plus any performance bonuses received by Executive in

Current Annual Compensation as defined in this Section 6(e)(i) ("Salary Termination Benefit"). For this purpose "Current Annual Compensation" shall mean the total of Executive's Basic Salary in effect at the Termination Date, plus any performance bonuses received by Executive in

Current Annual Compensation means, with respect to a Person, such Person’s annual compensation including per diem compensation and

Current Annual Compensation means the sum of (1) the Participant’s Base Salary in effect immediately prior to the occurrence of the circumstances giving rise to such termination or, if higher, immediately prior to the Applicable Event; and (2) an amount equal to the higher of: (A) the average actual bonus paid to the Participant, if any, under any annual bonus plan of the Corporation or its predecessor for the three years immediately preceding the Date of Termination or, if higher, for the three years immediately preceding the Applicable Event or (B) the Participant’s target bonus under any annual bonus plan of the Corporation or its predecessor for the year in which the termination of employment occurs or, if higher, for the year in which the Applicable Event occurs.