Minimum Eligible Compensation definition

Minimum Eligible Compensation means $100,000 with respect to the calendar year ending December 31, 1997, and with respect to each fiscal year of the Company beginning on or after December 1, 1997, $100,000 or such greater amount as the Committee shall determine.
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Minimum Eligible Compensation means total compensation of at least USD $200,000 or such other amount as may be determined by the Administrative Committee.
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Minimum Eligible Compensation means total compensation of at least $200,000 or such other amount as may be determined by the Administrative Committee. For purposes of the foregoing, the Administrative Committee shall prescribe such rules and limitations it deems appropriate for purposes of taking into account the total compensation of any commission based Eligible Employee.
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Examples of Minimum Eligible Compensation in a sentence

  • The Committee shall grant Awards to such Participants as it shall, in its sole discretion, determine, provided that no Award shall be made in any fiscal year to any eligible employee whose annualized Compensation with respect to such fiscal year is not at least equal to the Minimum Eligible Compensation.

  • Any individual employed by the Corporation or an Affiliate (or both) who satisfies the Minimum Eligible Compensation Level and has been selected by the President of the Corporation (acting in his sole discretion) to participate herein.

  • Such term shall include any individual who serves as a non-employee director of the Corporation without regard to the Minimum Eligible Compensation Level.

  • Eligible Individual means, in a Plan Year, an employee of the Company selected by the Committee to participate in the Plan whose Compensation in the immediately preceding Plan Year was, and whose Compensation for such Plan Year is expected to be, at least equal to the Minimum Eligible Compensation.

  • To the extent permitted by the Committee, each Participant who (a) is employed by a Company or an Affiliate and (b) earned the Minimum Eligible Compensation in the immediately preceding calendar year, shall be entitled to make a Long-Term Investment Election with respect to an Award or Rollover.

  • An Employee of the Company or its Affiliate employed on the Effective Date shall become a Participant in the Plan on the Effective Date provided such Employee: (1) Is a Participant in the AHPC Retirement Plan, and (2) Either; (A) Has a Rate of Annual Earnings equal to or in excess of the then Minimum Eligible Compensation Level; or (B) Is a Corporate Officer.

  • If a Participant meets the Minimum Eligible Compensation Requirement (as described in Section 4.01(c)) for a Plan Year, the Committee may credit.


More Definitions of Minimum Eligible Compensation

Minimum Eligible Compensation means total compensation of at least $200,000 or such other amount as may be determined by the Administrative Committee prior to the beginning of a Plan Year.
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Minimum Eligible Compensation means, with respect to each calendar year, an amount of Compensation paid by the Company in such year to an individual that, when added to any Elective Deferral under the Plan, equals or exceeds (1) in 1998 and 1999, $100,000 and (2) in 2000 and thereafter, the product of 1.25 and the dollar limit applicable for such calendar year under section 414(q)(1)(B)(i) of the Code.
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Minimum Eligible Compensation means total compensation of at least $200,000 or such other amount as may be determined by the Administrative Committee by the Deferral Deadline.
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Minimum Eligible Compensation means: (i) $300,000 with respect to 1990; (ii) effective as of January 1, 1991, with respect to each calendar year after 1990 and before 1995, 1.5 multiplied by the compensation limitation in effect under Section 401(a)(17) of the Code for the immediately preceding calendar year; and (iii) with respect to each calendar year beginning in 1995 and thereafter, 2.4 multiplied by the compensation limitation in effect under Section 401(a)(17) for the immediately preceding calendar year.
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Related to Minimum Eligible Compensation

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

  • Annual Compensation means an amount equal to the greater of:

  • Earnable compensation means the full rate of the

  • Final compensation of a member means:

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Contractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Creditable compensation means the full compensation payable annually to an employee working

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Average final compensation means the average annual creditable compensation of a member during

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Additional Compensation has the meaning set out in Section 11.3(1).

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Current Annual Compensation means the greater of:

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Basic Compensation means Salary and Benefits.

  • 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.