Total Direct Compensation means annual base salaries plus bonus plus non-equity and equity incentive compensation, excluding non-recurring special purpose grants. The foregoing percentages are based on the grant date fair value of annual compensation (calculated in accordance with Accounting Standards Codification Topic 718, Compensation — Stock Compensation). Please refer to the discussion of Accounting Standards Codification Topic 718, Compensation — Stock Compensation, which precedes the 2021 Summary Compensation Table, below.

Total Direct Compensation means the larger of (i) Executive's highest weekly Base Salary paid during the 36 months preceding his Date of Termination multiplied by 52 plus (ii) the greater of (a) his highest annual incentive or commission pay earned during any of the three (3) 12-month periods preceding the Executive's Date of Termination or (b) his weekly Base Salary as of the Date of Termination annualized for the year of termination multiplied by the incentive or commission pay that would have been payable had target incentive levels established in Exhibit B been earned for the year of termination. Such pay shall be determined prior to any pre-tax deferrals under the Employer's then existing deferral programs including, but not limited to, the Employer's Section 125 plan, Section 401(k) plan and deferred compensation plan.

Examples of Total Direct Compensation in a sentence

Total direct compensation does not include perquisites and other benefits.
Total direct compensation, made up of base salary, an annual incentive and mid- to long-term incentives, is designed to reward short-term results and achievement of sustained longer-term performance in key business areas that enable the operational and financial results important to our shareholders.
We just took it to the Lord in prayer and he has wonderfully blessed.
Total direct compensation, made up of base salary, AIP and annual mid- to long-term incentives, is designed to reward short-term results and achievement of sustained longer-term performance in key business areas that enable the operational and financial results important to our shareholders.
Total direct compensation reflects the Committee’s assessment of Company, business unit and individual performance for 2019.

More Definitions of Total Direct Compensation

Total Direct Compensation means total reported compensation (other than amounts reported under "All other compensation") and "total cash compensation" consists of base salary and bonus, in each case as reported for the relevant period.

Total Direct Compensation means total reported compensation (other than amounts reported under "All other compensation").

Total Direct Compensation means the total of an Eligible Team Member’s:

Total Direct Compensation means the total of an Eligible Team Member’s:(a)Base salary;(b)Target annual cash award opportunity under the Annual Incentive Plan, as determined by Tyson Foods in its sole discretion; and(c)Target grant date value of the annual long-term incentive award under the Stock Incentive Plan, as determined by Tyson Foods in its sole discretion.

Total Direct Compensation means, for any employment year, the sum of all compensation, compulsory bonus compensation not excluded under Article V, discretionary bonus compensation not excluded under Article VI, compensation paid in property, and the annualized present value of all long-term incentive grants not excluded under Articles VII, IX, and X, and all payments of fringe benefits and expenses not excluded under Articles XI and XII.

Total Direct Compensation shall equal the sum of (i) Executive’s Base Salary plus (ii) 100% of Executive’s Target Bonus (in each case, whether received in cash or equity) plus (iii) the value of any additional equity awards issued to Executive during the year.