Total Direct Compensation definition

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 full 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

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Total Direct Compensation means the Executive’s Base Salary, Target Annual Bonus Opportunity, and annual target long-term equity-based incentive opportunity.

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

• Executive’s Total Direct Compensation Opportunity with respect to any calendar year during the Initial Term commencing with 2010 shall be not less than four percent (4%) more than Executive’s prior year’s Total Direct Compensation Opportunity.

• The sum of Executive’s Salary, Target Annual Bonus and Target LTI shall be referred to as his “Total Direct Compensation Opportunity”; it being understood that Total Direct Compensation Opportunity shall not include any other compensation, including, but not limited to, the Retention Bonus (as defined in Section 4(e) below), and benefits.

• The definition of Good Reason is hereby amended to change the calculation of Total Direct Compensation.

• In addition to Total Direct Compensation, the Companies shall pay for and the Officer shall be entitled without limitation to participate in employee benefit plans presently in effect or hereafter adopted by the Companies which are applicable to employees generally.

• The amount of Total Direct Compensation shall be reviewed annually in accordance with the normal business practices of the Companies.

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, 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 means, for any plan year, the sum of the Participant’s base salary, annual bonus, and annual stock or other long-term incentive award for the plan year.

Total Direct Compensation means base salaries plus bonus plus non-equity and equity incentive compensation. The foregoing percentages are based on the full grant date fair value of annual compensation (calculated in accordance with FAS 123(R)). These amounts differ from the amounts included in the Summary Compensation Table under the columns "Stock Awards," "Option Awards," and "Total," which were calculated in accordance with SEC regulations and which include expenses related to awards for prior years. Please refer to the discussion of FAS 123(R) which precedes the 2007 Summary Compensation Table, below.

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.