Final Base Salary definition
Final Base Salary means the Executive’s Annual Base Salary as in effect immediately prior to the termination of the Executive’s employment (or, if clause (i) or (ii) of “Good Reason” is implicated, immediately before any relevant diminution of the Executive’s Annual Base Salary).
Final Base Salary means the average of the two (2) highest annual rates of base salary paid by the Company and/or the Bank to any of the Company's Named Executive Officers during the five (5) calendar years preceding the triggering event referred to in Sections 2.1 and/or 2.2, as applicable (including, as the fifth year, the partial year in which such triggering event occurs).
Final Base Salary means the regular cash compensation expected to be paid to Insured during the calendar year in which Insured’s death occurs for services rendered or labor performed, including base pay Insured could have received in cash in lieu of (i) contributions made on Insured's behalf to a qualified plan maintained by the Bank or to any cafeteria plan under Section 125 of the Code maintained by the Bank and (ii) deferrals of compensation made at the Insured's election pursuant to a plan or arrangement of the Bank or an affiliate, but excluding any bonuses, incentive pay or special awards.
Examples of Final Base Salary in a sentence
In the event Insured has not yet Separated From Service at the time of death, then, upon the death of Insured, Insured’s Beneficiary(ies) shall be entitled to receive an amount equal to the lesser of (i) one hundred percent (100%) NAR or (ii) one (1) times the Final Base Salary.
More Definitions of Final Base Salary
Final Base Salary means the Executive’s average annual base salary for the highest three (3) consecutive calendar year period ending at the earlier of the Executive’s Normal Retirement Age or the date of the Executive’s Termination of Employment within two (2) years after a Change in Control.
Final Base Salary means the average base annual salary, excluding bonuses, commissions, fringe benefits, and incentive compensation but including deferrals under any retirement, reimbursement or cafeteria plan, of the highest three (3) of the last five (5) years in which the Executive is employed by the Company or the Bank.
Final Base Salary means the Annual Base Salary (as defined in Employment Agreement) as in effect immediately prior to the Retirement Date.
Final Base Salary means the Insured’s annual rate of salary on the date of death, including salary Insured could have received in cash in lieu of (i) contributions made on Insured's behalf to a qualified plan maintained by the Bank or to any cafeteria plan under Section 125 of the Code maintained by the Bank and (ii) deferrals of compensation made at the Insured's election pursuant to a plan or arrangement of the Bank or an affiliate, but excluding any bonuses, incentive pay or special awards.
Final Base Salary means the average of ▇▇▇▇▇ three (3) highest base salaries during his employment with UBS or an affiliated or successor entity to UBS.
Final Base Salary means the higher of a Participant’s Base Salary in effect (x) on the date of the Participant’s Covered Termination (without giving effect to any reduction in Base Salary that would constitute Good Reason for Constructive Termination) or (y) immediately prior to the Change in Control; provided, however, that if the Participant has, during the twelve (12) months prior to the date of the Participant’s Covered Termination or the Change in Control, as applicable, taken a voluntary pay reduction, then the Participant’s Final Base Salary will be determined without regard to such voluntary pay reduction.
Final Base Salary means the average Base Salary of the highest three of the last five years in which the Executive is employed by the Corporation and/or the Bank. "Base Salary" shall mean the annual base salary paid to the Executive by the Corporation, the Bank and any subsidiaries of the Corporation and the Bank, excluding bonuses, commissions, fringe benefits and incentive compensation.