Examples of Highest Annual Salary in a sentence
In addition, Executive shall be entitled to six (6) months of Executive’s Highest Annual Salary and 50% of the cash value of Executive’s Annual Performance Bonus at the applicable maximum achievable Performance Level as in effect as of the date of such termination, all less applicable withholding, paid in a lump sum within sixty (60) days of such termination as provided in Section 14.
When a Member has less than 3 years of service credit, but is vested through a combination of service credits from the Statewide Defined Benefit Plan and the Statewide Hybrid Plan, the Highest Annual Salary for periods of service that are less than three (3) years shall be calculated using the average salary paid for the period calculated on an annualized basis.
Monthly Retirement Benefit Calculation Formula AVERAGE MONTHLY SALARY Highest Annual Salary $ 119,250Second Highest Annual Salary 119,100Third Highest Annual Salary + 117,000 Salary for Highest 3 Years ÷$ 355,350 36 months Average Monthly Salary =$ 9,870.83YEARS OF SERVICE Years MonthsMilitary Service 2 1 Purchased Service+ 0 0 Service as a Justice or judge+ 15 6 SUBTOTAL A “major fraction” of a year (6 months and 1 day of service) rounds up to give the member 1 additional year of service credit.
Executive Compensation Trust II dated April 21, 1999, as amended, is terminated (the "Distribution Date"), the Company will distribute the amount of Retirement Compensation that would have been payable to Executive under Section 7.6.1 as of the Distribution Date, based on his years of service through the Distribution Date and his then Highest Annual Salary.
The first or major procedure: the lower of 100% of the maximum allowed amount or the submitted charge.
Teachers’ Survivors Defined Benefit Pension Plan(Continued) Highest Annual Salary Benefits payable to children and families are equal to the spousal benefit multiplied by the percentage below: Parent and 1 Child Contributions - The contribution requirements of active employees and the participating school districts were established under Chapter 16-16 of the Rhode Island General Laws, which may be amended by the General Assembly.
Executive Compensation Trust II dated April 21, 1999, as amended, is terminated (the "Distribution Date", the Company will distribute the amount of Retirement Compensation that would have been payable to the Executive under Section 7.6(a) as of the Distribution Date, based on his years of service through the Distribution Date and his then Highest Annual Salary.
The performance of each metric is shown as a function of the number of downloaded documents.
Executive Compensation Trust II dated April April 21, 1999, as amended, is terminated (the "Distribution Date"), the Company will distribute the amount of Retirement Compensation that would have been payable to Executive under Section 7.6.1 as of the Distribution Date, based on his years of service through the Distribution Date and his then Highest Annual Salary.
AVERAGE MONTHLY SALARY Highest Annual Salary Second Highest Annual SalaryThird Highest Annual Salary + Salary for Highest 3 Years Average Monthly Salary÷ 36 months YEARS OF SERVICE Years MonthsMilitary Service Purchased Service + Service as a Justice or judge + SUBTOTAL A “major fraction” of a year (6 months and 1 day of service) rounds up to give the member 1 additional year of service credit.