Minimum Total Compensation definition

Minimum Total Compensation means a sum equal to one (1) times the Executive’s annual rate of salary on the Effective Date plus one (1) times the Executive’s target annual incentive compensation on the Effective Date.
Sample 1Sample 2Sample 3
Minimum Total Compensation means a sum equal to the Executive's aggregate gross cash compensation (excluding Non-Recurring Compensation) paid to the Executive by the Company during the twenty-four (24) month period ending on the Effective Date, divided by two (2).
Sample 1
Minimum Total Compensation means the sum of the Minimum Wage plus all other pay and benefits paid by an Airport Employer to, or on behalf of, an Airport Employee that may be comprised in whole or in part by any of the following items: (i) additional pay, (ii) Tips received by the employee as reported to the Internal Revenue Service, (iii) contributions made by the employer to an employee’s Benefits Plan, (iv) irrevocable contributions made by the employer to an employee’s retirement plan that is intended to qualify for favorable tax treatment under the Internal Revenue Code, and (v) any verifiable payments made by the employer for an employee’s educational expenses, whether paid directly to the employee or to a provider of educational services. Amounts paid for payroll taxes, unemployment taxes, workers compensation, and education or training required for employees to perform in their current roles are specifically excluded from the Minimum Total Compensation calculation.
Sample 1

Examples of Minimum Total Compensation in a sentence

  • Effective fiscal year 2016, Minimum Total Compensation includes one times the executive’s annual rate of salary on the date immediately prior to the date of the change in control event (the “effective date”), plus one times the executive’s target annual incentive compensation on the effective date, plus the actual gross cash compensation paid to the executive under the Company’s long-term incentive plan during the twenty-four month period ending on the effective date, divided by two.

  • Your 2005 Minimum Total Compensation amount (which includes amounts already paid to you for services rendered in calendar year 2005) includes your current base salary through December 31, 2005, Company contributions made on your behalf into the 401(k) plan, and any other form of cash compensation that you may receive.

  • Minimum Total Compensation includes hourly wages, plus hourly Benefits Package Costs to the PDX Employer.

  • Require that contracts entered into between the Port and PDX Employers on or after the adoption of this Initiative contain a commitment from the PDX Employer to provide Minimum Total Compensation to its employees of not less than $13.00.

  • For purposes of this letter, “Good Reason” shall mean (i) material diminution in your responsibilities, duties, authority, title (including but not limited to you not being named Chief Financial Officer of the Company as of January 1, 2013), or a change in your reporting structure provided for in this letter, (ii) a reduction in your base salary or your 2012 and/or 2013 Minimum Total Compensation; or (iii) a material breach by Springleaf of nay of its other obligations contained in this letter.

  • In the event that your employment is terminated by Springleaf without Cause, you resign with Good Reason, or your employment is terminated due to death (or as those terms are defined below) after the receipt of your 2012 Minimum Total Compensation but before you receive all of your 2013 Minimum Total Compensation, you shall be paid a lump sum equal to the prorated amount of the 2013 Minimum Total Compensation, to be payable to you within thirty (30) days of your termination.

  • Springleaf shall pay you an annual bonus amount equal to your 2012 Minimum Total Compensation less the sum of base salary amounts you received from Fortress and Springleaf in 2012.

  • Your 2023 Minimum Total Compensation of $2,750,000 will consist of the following: •Any base salary paid to you by Evercore Inc.

  • Pro rata payment of Minimum Total Cash Compensation plus 3x Minimum Total Compensation (based on amended Sections 4.1(a) and (c) of Termination Protection Agreement).

Related to Minimum Total Compensation

  • 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)):

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

  • Final compensation of a member means:

  • Current Annual Compensation means the greater of:

  • 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.

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

  • Highest Average Compensation means the average compensation for the three consecutive years of service with the employer that produces the highest average.

  • Final Average Compensation means the average annual

  • 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.

  • Average final compensation means the average annual creditable compensation of a member during

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • 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.

  • 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.

  • 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.

  • 415 Compensation means:

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

  • 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.

  • 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).

  • 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);

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Additional Compensation has the meaning given to it in Section 10.2;

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • 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.

  • Earnable compensation means the full rate of the

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.