Final Earnings definition

Final Earnings means, for a Participant, the average of the sum of his Base Salary plus annual incentive payments under the Management Compensation Plan actually received during the applicable full calendar year for the three full calendar years during which such sum was the highest from among the ten full calendar years ending most recently on or before the date of the Participant’s Separation from Service with the Company and all Affiliates, or on or before the date of Participant’s death while employed with the Company or an Affiliate or on or before the date he is removed from active participation in the Plan pursuant to Section 2.2 hereof, as applicable.

Final Earnings means, unless otherwise specified in an appendix the average annual Earnings of the Participant during the three consecutive calendar years of his Continuous Service in which his Earnings were highest, and shall mean the average annual Earnings during his actual period of Continuous Service if such service is less than three calendar years.

Final Earnings means the Participant's Earnings for the year ending on the date a Change in Control under Section 2.7 occurs.

Examples of Final Earnings in a sentence

• Final Earnings The average of the highest 3 years of annual basic pay.

• In the case of a Participant who is employed as a Vice President of the Company or any Affiliate or equivalent position immediately prior to his termination of employment with the Company or any Affiliate, forty-five percent (45%) of the Participant’s Final Earnings, subject to reduction by the Participant’s Social Security Benefit and Savings Plan Benefit.

• The deduction shall be of an amount equal to 1.5/80 multiplied by the number of years by which the Member's Reckonable Service is enhanced under this Rule 5 and multiplied by the Member's Pensionable Final Earnings.

• Compensation earned during part-time employment included in Service is converted to a full-time basis in the computation of Average Final Earnings.

• In total, the plateau extends approximately 200,000 km² across parts of both Uzbekistan and Kazakhstan and has an average elevation of 150 metres.

More Definitions of Final Earnings

Final Earnings will be calculated as the sum of:

Final Earnings means the Participant's Earnings in effect on the date of his termination of employment, except in the case of Disability, where the Final Earnings are the Earnings in effect on the last day preceding the Disability.

Final Earnings means the average Rate of Earnings during the three (3) years of the Participant's employment with the Employer for which the Participant's earnings exclusive of any severance pay or pay for accrued leave or supplemental rate of earnings, if applicable, per Section 25.17(B), were at their highest level.

Final Earnings means the average annual Earnings of the Participant during the five consecutive calendar years of his Continuous Service in which his Earnings were highest, and shall mean the average annual Earnings during his actual period of Continuous Service if such service is less than five calendar years. For Senior Executives, “five” in the foregoing definition shall be read as “three”.

Final Earnings means the Employee’s highest average Earnings for any five (5) consecutive calendar years during the twenty (20) calendar years immediately preceding the earlier of his Normal Retirement Date, his Early Retirement Date, his Disability and Normal Retirement Date or his Deferred Vested Retirement Date.”

Final Earnings means the sum of Earnings of the Member in the five (5) calendar years of highest Earnings in the ten (10) calendar years immediately preceding his Date of Determination divided by five (5). If there are less than five (5) calendar years of Earnings the sum of such Earnings shall be divided by the actual number of years of Earnings used, but not less than L For the purposes of calculating Final Earnings, calendar years shall include the partial year in the year of retirement or termination of employment if its inclusion produces a higher average.

Final Earnings means twenty-six (26) times the average straight-time bi-weekly Salary of the highest consecutive seventy-eight (78) biweekly pay periods during the ten (10) year period preceding the date of the Participant’s termination of employment as an Employee as defined in this Plan.