Weekly Base Compensation definition
Weekly Base Compensation means an Employee’s gross weekly base wages, before any withholding or deductions, at the time of termination. If the Employee normally works less than his or her Employer’s standard full-time workweek, then Weekly Base Compensation means the Employee’s gross base wages, before any withholding or deductions, for his or her normally scheduled weekly number of hours, as determined by the Employer. Weekly Base Compensation does not include bonuses, overtime pay, incentives, allowances, commissions, equity compensation, and any other extraordinary remuneration.
Weekly Base Compensation means the Eligible Employee’s hourly base rate of compensation (including shift premium and shift differential, if any) in effect as of his or her Severance Date times the lesser of (i) forty (40) or (ii) the number of hours the Eligible Employee was regularly scheduled to work immediately prior to his or her Severance Date. For Employees with a monthly base rate, the hourly base rate is determined by dividing the monthly base rate by 173.33. By way of illustration and not limitation, Weekly Base Compensation shall not include overtime earnings, bonuses or other supplemental compensation.
Weekly Base Compensation means the Eligible Employee’s Base Compensation divided by 52.
Examples of Weekly Base Compensation in a sentence
In the event of an Anticipatory Termination, such Eligible Employee shall also be entitled to receive an amount equal to Employee’s Weekly Base Compensation from the date of Employee’s termination through the date immediately following the Change of Control and any Bonus for the previously completed fiscal year, if not previously paid due to Employee’s earlier termination of employment.
More Definitions of Weekly Base Compensation
Weekly Base Compensation means an Employee’s Annual Base Compensation divided by 52.
Weekly Base Compensation means the greater of (A) the annual base compensation or salary being paid by an Employer to the Employee in effect immediately prior to the date of the Change of Control and (B) the annual base compensation or salary being paid by an Employer to the Employee in effect immediately prior to the effective date of the Employee’s termination, in each case, determined prior to reduction for any employee-elected salary reduction contributions made to an Employer-sponsored non-qualified deferred compensation plan or an Employer-sponsored plan pursuant to Section 401(k) or 125 of the Internal Revenue Code, and excluding bonuses, overtime, allowances, commissions, deferred compensation payments and any other extraordinary remuneration, multiplied by a fraction, the numerator of which shall equal 1 and the denominator of which shall equal 52.
Weekly Base Compensation means the Eligible Employee’s Base Compensation
Weekly Base Compensation means the Eligible Employee’s hourly base rate of compensation (including shift premium and shift differential, if any) in effect as of his or her Severance Date times the lesser of (i) forty (40) or (ii) the number of hours the