Gross Base Salary definition

Gross Base Salary means the base salary in the respective month without any other special benefits such as Vacation Bonus, Christmas Bonus, Profit Sharing, Overtime payments, or other benefits such as meal allowances and exclusive of Shift Bonuses.
Sample 1
Gross Base Salary means the participant’s regular annual cash compensation, before pre-tax deduction for benefits, if any, paid for the period in the fiscal year during with respect to which Employee’s incentive compensation is being calculated hereunder. Specifically excluded from Gross Base Salary are: (i) amounts grossed up in any of Employee’s compensation for tax reporting purposes; (ii) gain realized on the grant or exercise of stock options and the grant of restricted stock or the lapse of conditions related thereto; (iii) dividends credited to a restricted stock or stock subject to options; (iv) incentive payments; (v) amounts paid for automobile allowance and/or expenses; and (vi) any other amounts determined by the Company to be other than regular monthly cash compensation.
Sample 1

Examples of Gross Base Salary in a sentence

  • IF SELF EMPLOYED, PLEASE HAVE YOUR ACCOUNTANT COMPLETE THESE DETAILS.Name of employer:Telephone Number: Fax Number:( ) ( )Address of employer: State PostcodeDate ceased work due to injury: / /Date expected to resume normal duties: / /Employee weekly salary as at date of injury: Average Gross Base Salary $ Per weekBase salary, exclusive of overtime, allowances, bonuses & commissionsIf self employed, provide average weekly salary based on 12 month period directly prior to injury.

  • During her marriage to Douglas, Shery underwent several surgeries to address issues caused by her rheumatoid arthritis, and her condition has not improved as she has aged.

  • The range of potential payment amounts to an eligible SBU leader is 0% to 70% of Gross Base Salary, with a total targeted payment amount of 30% if both the Company and the SBU achieves 100% of the target “CEO budget” for the fiscal year.

  • Executive’s Gross Base Salary, is hereinafter referred to as “Base Salary.” During the term, Lilien shall pay to Executive an annual Base Salary at the rate of $ , paid in accordance with Lilien’s regular payroll practices, but not less frequently than monthly.

  • Name of employer: Address: State: Postcode: Phone: ( ) Fax: ( ) Date ceased work due to injury: / / Date expected to resume normal duties: / / Employee weekly salary as at date of injury: Average Gross Base Salary $ per week Base salary, exclusive of overtime, allowances, bonuses & commissions If self employed, provide average weekly salary based on 12 month period directly prior to injury.

  • The maximum payment to any one employee under the Plan shall be 70% of Gross Base Salary.

  • Name of employer: Address: Postcode: Phone: Fax: Date ceased work due to injury: Date expected to resume normal duties: Employee weekly salary as at date of injury: Average Gross Base Salary $ Per WeekBase salary, excluding overtime, allowances, bonuses & commissions If self-employed, provide average weekly salary based on 12 month period directly prior to injury.

  • The range of potential payment amounts to an eligible SBU leader under the company performance component is 0% to 52.5% of Gross Base Salary, with a target payment amount of 22.5% if the Company achieves $.05 EPS.

  • Examples: o The Election Date for the payment of Gross Base Salary to be paid on January 5, 2001 is December 22, 2000, because December 22, 2000 is the last day of the last payroll period ending prior to 2001, when that payment of Gross Base Salary will be paid.

  • If, during the course of the fiscal year, an employee accepts a new position with the Company or receives a new Gross Base Salary (as defined in Section 3(d)(i) below), the employee’s incentive distribution, if any, shall be calculated using the Gross Base Salary as of December 31, 2008, unless otherwise agreed to by the Company in writing.

Related to Gross Base Salary

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Annual Salary means the salary given under this Part.

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • 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.

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Salary as defined in Section 3.1(a).

  • Final Salary means the average annual salary for service for which

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Annualized means (i) with respect to the end of the first Fiscal Quarter of the Borrower ending after the Closing Date, the applicable amount for such Fiscal Quarter multiplied by four, (ii) with respect to the second Fiscal Quarter of the Borrower ending after the Closing Date, the applicable amount for such Fiscal Quarter and the immediately preceding Fiscal Quarter multiplied by two, and (iii) with respect to the third Fiscal Quarter of the Borrower ending after the Closing Date, the applicable amount for such Fiscal Quarter and the immediately preceding two Fiscal Quarters multiplied by one and one-third.

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

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Final average salary means whichever of the following is greater:

  • Current Annual Compensation means the greater of:

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • 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.

  • Earnable compensation means the full rate of the

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

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Final compensation of a member means:

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.