Remaining Compensation definition

Remaining Compensation means the annual base salary payable to the Employee pursuant to Subsection 4 (a) at the time of termination plus an amount representing the value of all employee benefits including, without limitation, any unearned annual bonuses described in Subsection 4 (b), discretionary bonuses and incentive compensation under plans then in effect. For these purposes, the value of any unearned annual bonuses and all of such other employee benefits shall be deemed to be equal to 12 months base salary payable to the Employee pursuant to Subsection 4(a) at the time his employment is terminated.
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Remaining Compensation means the annual base salary payable to the employee pursuant to Subsection 4(a) at the time of termination plus an amount representing the value of all employee benefits including, without limitation, any unearned annual bonuses described in Subsection 4(b), discretionary bonuses and incentive compensation under plans then in effect. For these purposes, the value of any unearned annual bonuses and all of such other employee benefits shall be deemed to be equal to 12 months base
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Remaining Compensation shall have the meaning set forth in Section 6.5.
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Examples of Remaining Compensation in a sentence

  • For purposes of this Subsection 10.1, the "Remaining Compensation" shall mean the annual base salary payable to the Employee pursuant to Subsection 4 (a) at the time of termination plus an amount representing the value of all employee benefits including, without limitation, any unearned annual bonuses described in Subsection 4 (b), discretionary bonuses and incentive compensation under plans then in effect.

  • In addition, the Company shall continue to pay Executive or Executive’s estate (as applicable) the Remaining Compensation Payments that Executive would otherwise have been paid during the period commencing on the Date of Termination through the Expiration of the Term had Executive’s employment not terminated on the Date of Termination and Executive had continued employment through the Expiration of the Term.

  • The obligations of this provision shall survive the expiration of the Term and Remaining Compensation Period.

  • Notwithstanding the expiration or earlier termination of this Agreement, the parties hereto agree that the parties’ rights, obligations and indemnifications with respect to the payment and collection of the Fees due under this Agreement shall survive the expiration or earlier termination of the Term and the expiration of the Remaining Compensation Period.

  • Such Remaining Compensation Payments shall be paid on the same schedule as they were paid prior to the Date of Termination.

  • The Authority’s obligation to pay the Fees and the Manager’s right to collect the Fees shall survive the expiration or earlier termination of the Term of this Agreement and the Remaining Compensation Period.

  • The Parties acknowledge and agree that, regardless of whether any or no authorities, duties and responsibilities are assigned to Executive during any period of the Term in accordance with this Section 3(a), Executive shall be entitled to the Annual Base Salary and Remaining Compensation Payments in accordance with Section 5.

  • During the Term and the Remaining Compensation Period, and for a period of twelve months following the expiration of the Remaining Compensation Period, Authority shall maintain complete and accurate financial accounting records for the New Leases/Licenses and Amendments for inspection and copying by the Manager, upon reasonable notice during normal business hours.

  • For purposes of this Subsection 10.1, the "Remaining Compensation" shall mean the annual base salary payable to the employee pursuant to Subsection 4(a) at the time of termination plus an amount representing the value of all employee benefits including, without limitation, any unearned annual bonuses described in Subsection 4(b), discretionary bonuses and incentive compensation under plans then in effect.

  • You and the Company hereby agree that the aggregate amount of Remaining Compensation is equal to $255,000.


More Definitions of Remaining Compensation

Remaining Compensation means the annual base salary payable to the Employee for one calendar year pursuant to Subsection 4 (a) at the time of termination. For any termination for which the Remaining Compensation becomes due and payable to Employee or his estate, the Company will pay, for a period of twelve (12) months following the month in which the termination of employment occurs, for the Company's group health insurance coverage for Employee and any covered dependents as in effect on such date of termination, to the same extent as if the Employee had continued as an employee; provided, however, that the Company's obligation in this regard shall terminate at such earlier date as the Employee and the Employee's family members who are then under the Company's coverage have become eligible and qualified for comparable coverage (including any preexisting-condition requirements) under another employer's plan. To receive this coverage, the Employee must make a COBRA election in accordance with the Company's policy for COBRA elections. The Company may, in its sole discretion, and in lieu of accelerating the date that 33,333 shares of Common Stock become exercisable under the Stock Option pursuant to subsection 10 (ii) above, send a written notice to Employee on such date of termination that it will pay, and pay, within five (5) business days of such date of termination, the Employee an amount in a single lump sum in cash equal to the annual base salary payable to the Employee for one calendar year pursuant to subsection 4(a), which payment will be in addition to the Company's obligation to pay the Employee the Remaining Compensation.
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Related to Remaining 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.

  • 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).

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

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

  • Final compensation of a member means:

  • 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).

  • 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.

  • 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.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • 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.

  • Earnable compensation means the full rate of the

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • 415 Compensation means:

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

  • 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 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.

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

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

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

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

  • 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.

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Current Annual Compensation means the greater of:

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.