Current Cash Compensation definition

Current Cash Compensation means the sum of one year of Executive’s annual base salary from the Company as in effect on the date Executive’s employment terminates and the average of the annual cash bonuses paid to Executive for the Company’s two fiscal years ending before the date Executive’s employment with the Company terminates; provided that any extraordinary bonuses shall not be considered in determining Current Cash Compensation. (For this purpose, a bonus is an “extraordinary bonus” if it is characterized as such in a resolution approved by the Committee in connection with the payment of the bonus.)

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Current Cash Compensation is the sum of Executive's annual base salaries from the REIT and the Company as in effect on the date Executive's employment terminates and the highest annual bonuses paid to Executive for the REIT's and the Company's current fiscal year or the prior three fiscal years of the REIT and the Company preceding the termination of his employment. The Termination Benefits shall be payable in a single cash sum within seven days of Executive's termination of employment in accordance with Section 3. The payment of the Termination Benefits shall be reduced by amounts required to be withheld for applicable income and employment taxes. In addition to the Termination Benefits described in this Section 4, Executive also shall be entitled to receive any benefits or payments that Executive is entitled to receive under any employee benefit plans or other arrangements or agreements, including by way of example, stock option agreements, that cover Executive.

Current Cash Compensation means the component of Current Compensation payable in cash or by check or electronic transfer, excluding signing bonuses and Incentive Compensation.

Examples of Current Cash Compensation in a sentence

• The term “Current Cash Compensation” means the sum of one year of Executive’s annual base salary from the Company as in effect on the date Executive’s employment terminates and the average of the annual cash bonuses paid to Executive for the Company’s two fiscal years ending before the date Executive’s employment with the Company terminates; provided that any extraordinary bonuses shall not be considered in determining Current Cash Compensation.

• The severance benefit payable under this Section 3(d)(i) is equal to Executive’s Current Cash Compensation.

• The term "Current Cash Compensation" is the sum of Executive's annual base salaries from the REIT and the Company as in effect on the date Executive's employment terminates and the highest annual bonuses paid to Executive for the REIT's and the Company's current fiscal year or the prior three fiscal years of the REIT and the Company preceding the termination of his employment.

• All loans must be repaid through deductions from the player’s remaining Current Cash Compensation over the term of the Contract that is fully protected for lack of skill (prior to the Effective Season of any Early Termination Option) in equal annual amounts (the “annual allocable repayment amounts”).

• The severance benefit payable under this Section 3(d)(i) is equal to three (3) times the Executive’s Current Cash Compensation.

• The term "Current Cash Compensation" is the sum of Executive's annual base salaries from the REIT and the Company as in effect on the date Executive's employment terminates and the average of the annual bonuses paid to Executive for the REIT's and the Company's prior two fiscal years of the REIT and the Company preceding the termination of his employment; provided that any extraordinary bonuses shall not be considered in determining the Current Cash Compensation.

• A payment equal to two times Executive's Current Cash Compensation.

• All cash compensation that is or will be due to the Advisor shall be wired by the Company to the Advisor pursuant to the following wire instructions: Capital One Bank ABA: ▇▇▇▇▇▇▇▇ Swift code: ▇▇▇▇▇▇▇▇ Account number: 1574304780 The Current Cash Compensation shall be paid by the Company to the Advisor within thirty (30) business days of the Effective Date.

• If, at the time the Player is fined and/or suspended, the Current Cash Compensation remaining to be paid to the Player under this Contract is not sufficient to cover such fine and/or suspension, then the Player agrees promptly to pay the amount directly to the Team.

More Definitions of Current Cash Compensation

Current Cash Compensation is the sum of Executive's annual base salaries from the REIT and the Company as in effect on the date Executive's employment terminates and the average of the annual bonuses paid to Executive for the REIT's and the Company's prior two fiscal years of the REIT and the Company preceding the termination of his employment; provided that any extraordinary bonuses shall not be considered in determining the Current Cash Compensation. The Termination Benefits shall be payable in a single cash sum within fifteen days of Executive's termination of employment in accordance with Section 3. The payment of the Termination Benefits shall be reduced by amounts required to be withheld for applicable income and employment taxes. In addition to the Termination Benefits described in this Section 4, Executive also shall be entitled to receive any benefits or payments that Executive is entitled to receive under any employee benefit plans or other arrangements or agreements, including by way of example, stock option agreements, that cover Executive and any such benefits will become vested as a result of a termination in accordance with Section 2.