Common use of Average Annual Compensation Clause in Contracts

Average Annual Compensation. As used in Sections 10.1 and 10.2, the term "Average Annual Compensation" shall mean the mean annual compensation received or receivable by the Executive pursuant to Sections 4.1, 4.2 and 4.3 with respect to each of the three full fiscal years of Xxxxx-Craft, or such shorter period of the Executive's employment with Xxxxx-Craft pursuant hereto, immediately preceding the date of the Executive's death (in the case of Section 10.1) or the date of the termination of the Employment Term (in the case of Section 10.2).

Average Annual Compensation. As used in Sections 10.1 and 10.2, the term "Average Annual Compensation" shall mean the mean annual compensation received or receivable by the Executive pursuant to Sections 4.1, 4.2 and 4.3 with respect to each of the three full fiscal years of XxxxxChris-Craft, or such shorter period pexxxx of the Executive's employment with XxxxxChris-Craft pursuant hereto, immediately imxxxxxtely preceding the date of the Executive's death (in the case of Section 10.1) or the date of the termination of the Employment Term (in the case of Section 10.2).