Weekly Compensation definition

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

Weekly Compensation means the Participant’s Annual Compensation divided by 52.

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

Examples of Weekly Compensation in a sentence

• Page to page18.Balance sheet and P&L Accounts ofpast 5 financial years.

• Total Disablement temporarily from engaging in or giving attention to profession or occupation: Weekly Compensation for such disablement at the rate of….….

• The lump sum payment shall equal the Participant’s Weekly Compensation multiplied by the Participant’s number of Severance Weeks.

• Case Time Frames GuideClaim to Conciliation - When an employee files an Employee’s Claim form (Form 110), or the insurer files an Insurer’s Notification of Denial form (Form 104), an Insurer’s Notification of Acceptance, Resumption, Termination or Modification of Weekly Compensation form (Form 107), or an Insurer’s Complaint for Modification, Discontinuance or Recoupment of Compensation form (Form 108), with the Division of Industrial Accidents, a conciliation is automatically scheduled.

• Weekly Compensation RateThe weekly compensation is 66 2/3 percent of the gross average weekly wage.Example: $41,600, gross annual earning, divided by 52 = $800.00 Average Weekly Wage $800.00 Average Weekly Wage x.66667$533.34 Compensation Rate All workers’ compensation benefits are non-taxable.

More Definitions of Weekly Compensation

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

Weekly Compensation is determined by dividing Compensation by 52.

Weekly Compensation means the Participant’s Salary divided by fifty-two (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.