Final compensation definition

Final compensation of a member means:

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Final compensation means the annual rate of compensation

Final compensation means the average annual compensation for

Examples of Final compensation in a sentence

In the event of such resignation, the Company may accelerate the date of the Executive’s termination without such acceleration constituting a termination by the Company hereunder, provided, that, the Company pays to the Executive, as part of the Final Compensation (as defined below), the amount of Base Salary the Executive would have received for the balance of such notice period had the Company not accelerated the date of the Executive’s termination.
Except as otherwise provided in Section 4(a)(ii), Final Compensation will be paid to the Executive within thirty (30) days following the Termination Date or such shorter period required by law.
The Salary Continuance Benefit is an amount equal to two (2) times the Executive’s Final Compensation.
Except as otherwise provided in Sections 4(a)(ii) and 4(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the Termination Date or such shorter period required by law.
The Company shall pay or provide to the Executive the Final Compensation as described in Section 4(a) of the Employment Agreement.

More Definitions of Final compensation

Final compensation means the Annual Base Salary in effect at the Date of Termination, plus the highest Annual Bonus paid or payable for the two most recently completed years and any amount contributed by the Executive during the most recently completed year pursuant to a salary reduction agreement or any other program that provides for pre-tax salary reductions or compensation deferrals. The Salary Continuance Benefit will be paid to the Executive in a lump sum cash payment not later than the 45th day following the Date of Termination;

Final compensation means a member's annual rate of compensation at the time the member last terminates employment with this state.

Final compensation means the annual rate of compensation earnable by a member at the time of termination of employment.

Final compensation means the amount equal to the sum of: (i) the Base Salary earned but not paid through the date of termination of employment, payable not later than the next scheduled payroll date, (ii) any business and related expenses and allowances incurred by Executive or to which Executive is entitled under Section 4(f) but unreimbursed on the date of termination of employment; provided that with respect to business expenses unreimbursed under Section 4(f), such expenses and required substantiation and documentation are submitted within one hundred eighty (180) days of termination in the case of termination on account of Executive’s death, or thirty (30) days on account of termination for any reason other than death, and that such expenses are reimbursable under Company’s applicable reimbursement policy, and (iii) any other supplemental compensation, insurance, retirement or other benefits due and payable or otherwise required to be provided under Section 4 in accordance with the terms and conditions of the applicable plan or agreement.

Final compensation means (1) any Base Salary earned but not paid through the date of termination; (2) pay for any vacation time earned but not used through the date of termination, and (3) any business expenses incurred by you but un-reimbursed on the date of termination, provided that such expenses and required substantiation and documentation are submitted within thirty (30) days of termination and that such expenses are reimbursable under Company policy.

Final compensation means the average annual compensation earnable by a member during any three years elected by a member at or before the time he or she files an application for retirement, or, if he or she fails to elect, during the three years immediately preceding his or her retirement. If a member has less than three years of service, his or her final compensation shall be determined by dividing his or her total compensation by the number of months of service credited to him or her and multiplying by 12.

Final compensation means the highest of (i) the Executive’s Compensation for the 12 full calendar months immediately preceding the Change of Control; (ii) the Executive’s annual base salary rate payable by Fidelity Southern, the Bank and any Affiliate, in effect immediately preceding the Change of Control or (iii) the Executive’s annual base salary rate as set by Fidelity Southern, the Bank and any Affiliate, effective at any time during the Employment Period.