Weekly Compensation definition

Weekly Compensation means the Executive’s Base Salary divided by fifty-two (52).

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Weekly Compensation means, with respect to each Covered Employee, the quotient of:

Weekly Compensation means the sum of each of the following items divided by 52:

Examples of Weekly Compensation in a sentence

• A Participant who is eligible to receive Benefits under Section 3.1 shall continue to be entitled, through the end of his/her Salary Continuation Period to his/her Weekly Compensation as in effect on the Employment Termination Date.

• A single lump sum cash payment, payable on the sixtieth (60th) day following the Severance Date in an amount equal to (i) the number of weeks in the Protection Period, multiplied by (ii) Employee’s Total Weekly Compensation.

• The Designer will receive Additional Weekly Compensation (AWC) as outlined in Article VI (E).

• If the Employee is eligible for benefits under Section 3.1, they shall receive payments equal to the Employee's Weekly Compensation multiplied by the number of weeks in the Employee's Protection Period, payable in biweekly installments in accordance with the Employer's regular payroll practices.

• Weekly Compensation Payment Advances Upon receipt of an appropriately completed medical verification in the format of the Work Restriction Form, the Company shall advance funds in the equivalent of the current Weekly Indemnity benefit to employees absent from work for a period beyond two (2) calen- dar weeks.

More Definitions of Weekly Compensation

Weekly Compensation means the sum of each of the following items divided by 52: (a) a Participant's annual base salary; and (b) the applicable guideline (target) annual bonus amount in effect on his or her Employment Termination Date.

Weekly Compensation is determined by dividing Compensation by 52.

Weekly Compensation means the weekly compensation payable for the Weekly Benefit Events specified in the Table of Benefits.

Weekly Compensation means Executive’s Annual Base Salary divided by fifty two (52).

Weekly Compensation of a Participant means with respect to: (i) a salaried Participant, such Participant's weekly base salary paid or accrued as consideration for the Participant's service during the twelve (12) months ending on the date as of which such compensation is to be determined, which is or would be includable in the gross income of the Participant receiving the same for federal income tax purposes; provided that, Weekly Compensation shall not include any amount paid as a bonus, commission or as extraordinary compensation; and (b) an hourly Participant, such Participant's average weekly earnings based on such Participant's wages paid for the twelve (12) month period ending on the date as of which such compensation is to be determined, which is or would be includable in the gross income of the Participant receiving the same for federal income tax purposes, provided that Weekly Compensation shall not include overtime, commissions, bonuses, extraordinary compensation or other non-hourly compensation payments.

Weekly Compensation means (i) 1/52nd of the Employee’s highest annual rate of base salary with the Company as in effect at any time after the Effective Date, plus (ii) 1/52nd of the Employee’s highest annual bonus award (if any) earned by the Employee with the Company with respect to the Company’s three complete fiscal years preceding the Severance Date.

Weekly Compensation means the Eligible Employee’s weekly base hourly pay or weekly base salary pay, excluding shift differential, overtime, bonuses and other incentive amounts, in effect immediately prior to the day on which the Eligible Employee’s employment as an active employee terminates pursuant to a Qualified Termination of Employment.