Formula Compensation definition

Formula Compensation means the Legg Mason Branch Manager Bonus for a Branch Manager for a Plan Year calculated on the Branch Manager Worksheet provided to the Branch Manager by the Company.
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Formula Compensation means the cash compensation due a Professional Branch Manager (excluding the value of any Deferred Bonus or Retention Award, and excluding any Recruiting Bonus) for a Fiscal Year as determined under the Company’s Branch Manager Compensation Schedule for such Fiscal Year or the Compensation Arrangement for such Professional Branch Manager for such Fiscal Year, as applicable; provided that, in calculating Formula Compensation for purposes of the Program, the provisions of the Branch Manager Compensation Schedule or Compensation Arrangement that reduce a Professional Branch Manager’s compensation for the Fiscal Year by up to $12,000 shall be disregarded.
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Examples of Formula Compensation in a sentence

  • In December 2020, Friedland and Holcomb (a member of the Firm’s Formula Compensation Committee) reached out to the Firm’s Director of Operations to ask for the financial information he had compiled when calculating formula compensation payments.

  • Use be limited to the State Fair only until such time as all of the required improvements and conditions established by the City Council are completed.No public testimony was heard.

  • Works by Non-EmployeesThe ownership of works prepared for and at the request of the College by non-employees, such as consultants or subcontractors retained by the College, shall be governed by a written agreement prepared on a case-by-case basis.

  • The purposes of this Directors' Formula Compensation Plan (the "Plan") are to: (1) attract and retain individuals to serve as non-employee Directors whose business acumen and experience qualify them to guide and determine the business policies of Optek Technology, Inc.

  • During this call, Freedman told Cyrulnik that for a variety of reasons (including market conditions) he was unwilling to fully adopt the changes Cyrulnik was proposing to the Firm’s Formula Compensation model.

  • Cyrulnik ramped up efforts to push changes to the Firm’s Formula Compensation system that would have the effect of shifting value from the other partners to him.

  • I stored all data on a password-protected computer and kept all transcripts and hard copies of notes in a locked file cabinet.Potential risks for participating in this study included feelings of distress related to the participants’ own body image concerns.

  • The petition must contain the name, address, and telephone number of the petitioner, the specific rule or action requested the reasons for the rule or action requested.

  • A very detailed and convincing demonstration, based on the grammar of the dialect of Borgomanero compared with apparently independent phenomena from dif- ferent Romance languages, is presented in Tortora forthcoming: Ch. 3.(3) It is often suggested – lately by one of the reviewers of this article – that clitic placement is subject to prosodic restrictions.

  • Office:-Jawahar Vyapar Bhawan, Janpath, New Delhi-110001 Sec03.1 Note A :PVC Clause & Formula Compensation for Escalation of Raw Material Prices : Increase/ decrease only beyond 5% (on ground of ) increase /decrease in raw material prices will be adjusted on pro-rata basis on the raw material component, effective for delivery after 15 days of announcement.

Related to Formula Compensation

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Basic Compensation means Salary and Benefits.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Final compensation of a member means:

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Annual Compensation means an amount equal to the greater of:

  • 415 Compensation means:

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Creditable compensation means the full compensation payable annually to an employee working

  • Earnable compensation means the full rate of the

  • Final Average Compensation means the average annual

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Annual Cash Compensation means the sum of (I) the Employee's highest Base Salary (i.e., one year's salary at its highest rate), plus (II) the "Applicable Average Bonus" as defined in subparagraph 5(a)(i)(B) above.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after the effective date of the NYSE listing standard, (ii) after the person became an Executive Officer and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.