Final Three Year Average Base Salary means the average of the final three year-end Monthly Base Salaries immediately preceding retirement or death of the Eligible Retired Executive.
Final Three Year Average Base Salary means the average of the Participant's Monthly Base Salary (as defined in Section 2.02) for the three December 31 measurement dates coincident with or immediately preceding the Participant's retirement.
Final Three Year Average Base Salary means the average of the Participant’s Monthly Base Salary (as defined in Section 2.02) for the three December 31 measurement dates coincident with or immediately preceding the first date on which the Participant retires from or otherwise ceases to be employed in a Covered Employment Classification with the Company and its Affiliates.
Examples of Final Three Year Average Base Salary in a sentence
Final Three Year Average Base Salary: The average of the final three year-end Monthly Base Salaries immediately preceding retirement or death of the Eligible Retired Executive.
The aggregate annual amount payable under the Conditional Annuities awarded to any Eligible Executive shall not exceed an amount equal to the Applicable Percentage of the average of such Eligible Executive's Final Three Year Average Base Salary, determined in accordance with the following table: Applicable PercentageThe percentage shall be reduced pro rata to the extent that service at retirement is less than 30 years.