Weekly Base Pay definition

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.
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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.
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Weekly Base Pay means Base Pay divided by 52.
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Examples of Weekly Base Pay in a sentence

  • Your Weekly Base Pay will not be reduced between the date of this Agreement and the Termination Date.

  • You will receive a payment equal to forty-three (43) times your Weekly Base Pay determined on the business day immediately preceding the Closing.

  • You will receive a payment equal to twenty-six (26) times your Weekly Base Pay determined on the business day immediately preceding the Closing.

  • 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.


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.
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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.
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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.
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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
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Related to Weekly Base Pay

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.