Plan Salary definition

Plan Salary means the current basic salary or wage paid to the Member by his Employer, but excludes bonuses, overtime pay, allowance and other special emoluments.
Sample 1
Plan Salary means the final basic monthly salary but excluding any commissions, overtime pay, bonuses or other extra compensation.
Sample 1
Plan Salary means Salary less an amount equal to the Lower Earnings Limit (or on or after 1 July 1998 the lesser of the Lower Earnings Limit and Basic State Pension). Where a Member’s Gross Earnings in any tax year have been reduced because of absence due to injury or illness, Plan Salary may at the direction of the Principal Employer be calculated by reference to Notional Earnings;
Sample 1

Examples of Plan Salary in a sentence

  • Base salary is the approved rate on one of the Health Sciences Compensation Plan Salary Scales associated with a faculty member’s academic rank, step and assigned APU.

  • Base salary is the approved rate on one of the Health Sciences Compensation Plan Salary Scales associated with a Plan Participant’s academic rank, step and assigned APU.

  • Should a conflict exist between the IRC and any Memoranda of Understanding, Compensation Plan, Salary Ordinance, or Employment Contract, the IRC shall prevail.

  • In other words, unless an exception applies, the Participant may not change any elections for the duration of the Period of Coverage regarding: - Participation in this Plan;- Salary Reduction amounts; or- election of particular Benefit Package Options.

  • Member pre-tax contributions to a Section 125 cafeteria plan are to be included in Plan Salary, unless the Employer elects to exclude such amounts by checking this line .

  • Under this Plan, Salary Reductions shall be deemed Employer contributions for purposes of the Code.

  • A Participant shall always be 100% vested in the balance of his Salary Redirection Account, and Prior Plan Salary Redirection Account.

  • Effective with the issuance of these Guidelines, the maximum annual outside professional earnings approval threshold set by the Provost shall be $40,000 or 20 percent of the Health Sciences Compensation Plan Salary Scale for an individual faculty member’s rank, step, and APU, whichever is greater.1 This approval threshold may be adjusted for inflation on a periodic basis by the Provost in accordance with the California Consumer Price Index (CPI).

  • For purposes of this Plan, Salary shall not include severance or other payments made in connection with a Participant's Termination of Service.

  • The Corps determined on October 20, 2016, that, “the pipeline does increase the reservation’s exposure to an oil spill in Lake Oahe in the unlikely event that the pipeline ruptures at the crossing.” ECF No. 114-1 at 33.


More Definitions of Plan Salary

Plan Salary in respect of each Member, the basic Monthly salary payable to that Member by the Employer from time to time (including increases in his salary backdated to the effective date thereof) but excluding commissions, bonuses, premiums, any payments for special work outside the usual scope of the Member's employment, payments for overtime or other like payments or any payments for transportation, travelling, meals or subsistence, allowance for cost of living and medical allowance, housing allowance or similar staff benefits and in the case of a Member who is paid other than monthly means the basic salary (as above described) attributable to that Month;
Sample 1

Related to Plan Salary

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Salary as defined in Section 3.1(a).

  • 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.

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

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • 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).

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

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

  • Annual Salary means the salary given under this Part.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • 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);

  • 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).

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Basic Compensation means Salary and Benefits.

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

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Monthly salary means the gross amount paid to a participant making a claim under s. 40.65, at the time he or she becomes disabled within the meaning of s. 40.65 (4), by the employer in whose employ the injury occurred or the disease was contracted. Overtime pay may not be considered part of an employee’s monthly salary unless the employee received it on a regular and dependable basis.

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

  • 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.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Bonus means the bonus described in the Section 2.3.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.