Weekly Base Pay definition
Weekly Base Pay means the Participant’s base salary or wage rate at the time the Participant was notified in writing of the Employment Loss or at the time of the Employment Loss, whichever is greater, expressed as a weekly salary. For the avoidance of doubt, Weekly Base Pay excludes commissions, bonuses, overtime and any other extra lump sum compensation or payments provided to a Participant.
Weekly Base Pay means the Participant's base salary or wages in effect on the date of the Participant's termination of employment with the Company, exclusive of overtime pay, incentive payments, bonus payments, commissions and other miscellaneous payments, appropriately converted to a weekly amount.
Weekly Base Pay means Base Pay divided by 52.
Examples of Weekly Base Pay in a sentence
You will receive a payment equal to forty-three (43) times your Weekly Base Pay determined on the business day immediately preceding the Closing.
Your Weekly Base Pay will not be reduced between the date of this Agreement and the Termination Date.
Effective January I, the sickness benefit payments for pay up to a Of A in receipt of Insurance Sickness Benefits on which originate after that date are as Weekly Base Pay sickness Benefit over of base pay up to a benefit of or of weekly pay, whichever is arranged, the Plan shall be put on an and organization.
You will receive a payment equal to twenty-six (26) times your Weekly Base Pay determined on the business day immediately preceding the Closing.
More Definitions of Weekly Base Pay
Weekly Base Pay means, for any Participant, as of any date of determination, his or her annual base salary as of such date of determination, divided by 52 weeks, whether such salary is paid under monthly, semi-monthly, weekly, daily, hourly or other base rates then in effect. Weekly Base Pay shall include any amounts contributed by Participant to any retirement plan of the Company that, pursuant to Section 401(k) of the Code, are not included in the gross income of Participant in the taxable year for which such contributions are made, and shall include any amounts contributed by Participant to any welfare benefit plans maintained by the Company through a reduction in Participant’s compensation that, pursuant to Section 125 of the Code, are not included in the gross income of Participant for the taxable year in which such amounts are contributed, but shall exclude overtime earnings, bonuses, payments made to Participant under the ChipPAC, Inc. Sales Incentive Plan or ChipPAC, Inc. Short-Term Incentive Plan or any successor plans thereto, other incentive payments, or any special and extra compensation paid to Participant.
Weekly Base Pay means Mr. Ryan’s base pay for a calendar week excluding car allowance, commissions, bonuses or any other non-base compensation. “Employment Transition Services” means career service assistance for 18 months.
Weekly Base Pay of a Participant means the quotient that results from dividing (i) the aggregate amount of cash compensation consisting of wages or salary paid by an Employer as consideration for the Participant's service during
Weekly Base Pay means an Eligible Employee's base rate of pay as of his or her Termination Date (not including overtime, premiums, commissions, bonuses, stock or stock options, perquisites or any other type of irregular pay), calculated on a weekly basis, which shall be determined, for Employees paid on an hourly basis, by reference to the number of hours the Participant is normally scheduled to work per week.
Weekly Base Pay for purposes of this Agreement means Executive’s base pay for a calendar week as of the date of the Termination Letter, which does not include car allowance, draws, spifs, bonuses or any non-base compensation.