Monthly Compensation definition

Monthly Compensation means the Participant’s Annual Compensation divided by 12.

Monthly Compensation means the monthly retainer and the aggregate of all other fees and retainers, including, but not limited to, meeting fees, committee fees and committee chairperson fees to which a Director is entitled for services rendered to the Company as a Director during the month, as established from time to time by resolution of the Board of Directors. For avoidance of doubt, Monthly Compensation does not include stock options granted to Directors or the Shares allocated pursuant to Section 5 of this Plan.

Monthly Compensation means one-twelfth of a member's annual

Examples of Monthly Compensation in a sentence

• Should Coach obtain employment other than Comparable Employment and Coach’s Monthly Compensation is less than University’s monthly obligation to pay liquidated damages, the amount of University’s obligation to pay liquidated damages shall be reduced by the amount of Coach’s Monthly Compensation in excess of $16,667.

• If a Dismissed Employee accepts new employment (or reemployment by the dismissing Railroad) during the Protective Period, the dismissal allowance shall be reduced such that the accepted monthly compensation at the then-current position (including any unemployment insurance compensation received) plus the dismissal allowance is equivalent to the Dismissed Employee’s Average Monthly Compensation.

• Deferral elections shall apply to Monthly Compensation and annual Share allocations with respect to the Plan Year for which the elections are made.

• Upon the subsequent retirement of a reemployed Member, the Member shall receive the benefit to which the Member is then entitled based on his or her aggregate Years of Service before and after the period of prior retirement and Average Monthly Compensation as of the subsequent Retirement Date, less the amount of benefits received by the Member during his or her previous retirement.

• The monthly dismissal allowance shall be equivalent to the Average Monthly Compensation received by the Dismissed Employee in the last twelve (12) months of employment prior to the employee’s dismissal.

More Definitions of Monthly Compensation

Monthly Compensation means, for purposes of s. 40.19

Monthly Compensation means one twelfth of the sum of (i) the Executive’s Salary, and (ii) the Average Incentive Bonus.

Monthly Compensation means Compensation paid to a Participant during a calendar month.

Monthly Compensation means a Participant’s highest annual salary as of the Change in Control or during the 12-month period immediately preceding his Separation Date divided by 12.

Monthly Compensation means a Participant’s highest annual base salary as of the Change in Control or during the twelve (12) month period immediately preceding his or her Termination Date divided by twelve (12). For the avoidance of doubt “annual base salary” does not include bonuses, incentive compensation, or compensation received pursuant to any equity award.

Monthly Compensation means the Eligible Employee’s monthly base salary as in effect on the date that the individual’s employment as an active employee ceases. For purposes of the preceding sentence, “monthly base compensation” shall mean:

Monthly Compensation means one-twelfth of the total of all cash compensation, including wages, salary, and any other incentive compensation, bonuses, commissions and non-salary and non-wage cash compensation, that was paid as consideration for the Employee’s services during the year immediately preceding the Termination Date, or that would have been so paid at the Employee’s usual rate of cash compensation if the Employee had worked a full year; provided, that for purposes of determining the amount of the Monthly Compensation with respect to bonuses, such bonuses shall be valued at the greater of (i) the target bonus for the year in which the Termination Date occurs or (ii) the average bonus paid to the Employee for each of the three years immediately preceding the year in which the Termination Date occurs; and provided further that cash compensation shall not include or be deemed or interpreted to include any cash settled stock awards or cash valued by reference to the publicly traded stock price of the Company or any of its subsidiaries, including, for the avoidance of doubt, cash paid under the Company’s long-term incentive plan. Notwithstanding the foregoing, to the extent that any element of compensation used in calculating Monthly Compensation is decreased with respect to an Employee after a Change of Control or within six months prior to a Change of Control, the amount of such element as in effect immediately prior to such decrease with respect to such Employee shall be used in such calculation.