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.
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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).
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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.
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Examples of Minimum Total Compensation in a sentence

  • 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.

Related to Minimum Total Compensation

  • 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)):

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • 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.

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