BASE ANNUAL COMPENSATION Sample Clauses

BASE ANNUAL COMPENSATION. The Executive's compensation paid by the Company and its affiliates which was includible in the Executive's gross income during the most recent taxable year ending before the date of the Change of Control (including, amounts includible in compensation, i.e., the base salary and cash annual incentive prior to any deferred arrangements) PROVIDED, HOWEVER, that such amount shall not exceed an amount equal to three (3) times the Executive's average annualized compensation paid by the Company and its affiliates which was includible in the Executive's gross income during the most recent five taxable years ending before the date of the Change of Control (defined as the individual's "base amount" under Section 280G of the Internal Revenue Code of 1986, as amended).
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BASE ANNUAL COMPENSATION. Employee shall receive a base salary at the rate of Five Hundred Thousand Dollars ($500,000.00) per annum payable in periodic installments in accordance with the Company’s payment practices and procedures.
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BASE ANNUAL COMPENSATION. Executive will receive a base salary at the rate of Six Hundred Thousand Dollars ($600,000.00) per annum payable in periodic installments in accordance with the Company’s payment practices and procedures or such greater amount as may be approved by the Company’s Board of Directors or the Compensation Committee of the Board of Directors.
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BASE ANNUAL COMPENSATION. The Executive's compensation paid by the Company and its affiliates which was includible in the Executive's gross income during the most recent taxable year ending before the date of the Change of Control (including, amounts includible in compensation, i.e., the base salary and cash annual incentive prior to any deferred arrangements) provided, however, that such amount shall not exceed an amount equal to three (3) times the Executive's average annualized compensation paid by the Company and its affiliates which was includible in the Executive's gross income during the most recent five taxable years ending before the date of the Change of Control (defined as the individual's "base amount" under Section 280G of the Internal Revenue Code of 1986, as amended).
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BASE ANNUAL COMPENSATION. The Executive's compensation paid by the Company and its affiliates which was includible in the Executive's gross income during the most recent taxable year ending before the date of the Change of Control (including, amounts includible in compensation, i.e., the base salary and cash annual incentive prior to any deferred arrangements) PROVIDED, HOWEVER, if a Change of Control occurs prior to December 31, 2001, Base Annual Compensation shall be the Executive's annualized calendar year 2000 compensation paid by the Company in the last quarter of calendar year 2000 and PROVIDED FURTHER, HOWEVER, that such amount shall not exceed an amount equal to three (3) times the Executive's average annualized compensation paid by the Company and its affiliates which was includible in the Executive's gross income during the most recent five taxable years ending before the date of the Change of Control (defined as the individual's "base amount" under Section 280G of the Internal Revenue Code of 1986, as amended)."
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BASE ANNUAL COMPENSATION. The Executive's average annualized compensation paid by the Company and its affiliates which was includible in the Executive's gross income during
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BASE ANNUAL COMPENSATION. Employee shall receive a base salary at the rate of $540,000 per annum payable in periodic installments in accordance with the Company’s payroll practices and procedures. Employee’s salary shall be increased to $600,000 per annum on the same date that the salaries of the officers who report to Employee are restored to at least their levels on May 31, 2009.
Sample 1
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BASE ANNUAL COMPENSATION. The Executive’s average annualized compensation on I pal ‘d by the Companies which was includible in the Executive’s gross income during the most recent five taxable years ending before the date of the Change of Control. This definition covers amounts includible in compensation, i.e., the Base Salary and cash annual incentive prior to any cash or deferred arrangements, and defined as the individual’s “base amount” under Section 28OG of the Internal Revenue Code of 1986, as amended (the “Code”).
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BASE ANNUAL COMPENSATION. The Executive's compensation paid by the Company and its affiliates which was includible in the Executive's gross income during the most recent taxable year ending before the date of the Change of Control (including, amounts includible in compensation, i.e.,
Sample 1

Related to BASE ANNUAL COMPENSATION

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • Total Compensation The compensation to be paid to Employee under this Agreement shall be in full payment for all services rendered by Employee in any capacity to the Company or any affiliate of the Company.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Fixed Compensation Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation relates to (i) a monthly retainer for administrative support services and (ii) fixed compensation payments to representatives of Arete. $8,224 is a reasonable estimate of costs and expenses referenced in clauses (i) and (ii) above that are appropriately allocated to this Offering.

  • Full Compensation The payments that will be made to Employee or for his benefit pursuant to this Separation Agreement shall compensate him for and extinguish any and all claims he may have arising out of his employment with Deluxe or his employment termination as of the effective date of the Release, including but not limited to claims for attorneys' fees and costs, and any and all claims for any type of legal or equitable relief.

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