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 and which was either (i) included in the Executive's gross income for tax purposes, including but not limited to Base Salary, bonuses and amounts taxable to the Executive under any qualified or non-qualified employee benefit plans of the Employers, or (ii) deferred at the election of the Executive.
Appears in 14 contracts
Samples: Employment Agreement (CFS Bancorp Inc), Employment Agreement (Peoples Community Bancorp Inc /De/), Employment Agreement (CFS Bancorp Inc)
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 Employer or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination and which was either (i) included in the Executive's gross income for tax purposes, including but not limited to Base Salary, bonuses and amounts taxable to the Executive under any qualified or non-qualified employee benefit plans of the EmployersEmployer, or (ii) deferred at the election of the Executive.
Appears in 3 contracts
Samples: Employment Agreement (First Banctrust Corp), Employment Agreement (First Banctrust Corp), Employment Agreement (First Banctrust Corp)
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 Employer or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination and which was either (i) included in the Executive's gross income for tax purposes, including but not limited to Base Salarybase salary, bonuses and amounts taxable to the Executive under any qualified or non-qualified employee benefit plans of the Employersemployer, or (ii) deferred at the election of the Executive.
Appears in 1 contract
Samples: Severance Agreement (Peoples Community Bancorp Inc /De/)
Average Annual Compensation. The Executive's "’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 and which was either (i) included in the Executive's ’s gross income for tax purposes, including but not limited to Base Salary, bonuses and amounts taxable to the Executive under any qualified or non-qualified employee benefit plans of the Employers, or (ii) deferred at the election of the Executive.
Appears in 1 contract
Samples: Employment Agreement (Peoples Community Bancorp Inc /Md/)
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 and which was either (i) included in the Executive's gross income for tax purposes, including but not limited to Base Salarybase salary, bonuses and amounts taxable to the Executive under any qualified or non-qualified employee benefit plans of the Employers, or (ii) deferred at the election of the Executive.
Appears in 1 contract
