The Applicable Compensation Sample Clauses

The Applicable Compensation of Executive shall mean the greater of (i) the highest amount of Compensation earned by Executive for any one of the three full calendar years ended immediately before Executive's employment terminates, or (ii) an amount equal to 155% of Executive's annual base salary for the year in which Executive's employment terminates. 2.4 The Compensation earned by Executive for any calendar year shall mean (i) the amount of Executive's annual base salary for such calendar year, without any reduction for any amounts that Executive may have deferred under the Company's 401(k) Plan, 401(k) Restoration Plan, Deferred Benefit Plan for Officers, or otherwise, (ii) the amount of any cash bonus or cash incentive award (annual, long-term, or otherwise) that is earned for a period of performance ending in such calendar year, even though such bonus or award may be paid after such calendar year, and (iii) the fair market value (determined as of the date of the award) of any bonus or incentive award (annual, long-term, or otherwise) that is made in property other than cash and that is earned for a period of performance ending in such calendar year, even though such bonus or award may be made after such calendar year. For purposes of clause (iii) of the preceding sentence, (i) the granting or vesting of stock options shall not be deemed to be a bonus or incentive award, and (ii) in the case of any bonus or incentive award made in restricted stock of the Company, the fair market value of such stock shall be determined without regard to the restriction.
Sample 1Sample 2
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The Applicable Compensation of Executive shall mean the greater of (i) the highest amount of Compensation received by Executive during any one of the three full calendar years ended immediately before the Executive's employment terminates, or (ii) an amount equal to 155% of Executive's annual base salary for the year in which Executive's employment terminates. 2.4 The Compensation of Executive for any calendar year shall mean (i) the total amount of compensation paid to Executive by the Company as reported on Internal Revenue Form W-2 for such year, plus (ii) any amount of compensation deferred by Executive in such year pursuant to a salary deferral agreement that is not included in gross income for such year under the Code, minus (iii) any income reported on Form W-2 for such year that is attributable to the receipt or exercise of any stock option, restricted stock, stock right or other stock based compensation. Notwithstanding the preceding sentence, if Executive began his employment with the Company after December 31, 1995, then for purposes of this Agreement only, Executive's Compensation for 1996 shall be deemed to be an amount equal to 135% of Executive's annual base salary for 1997.
Sample 1Sample 2
The Applicable Compensation of Executive shall mean the greater of (i) the highest amount of Compensation earned by Executive for any one of the three full calendar years ended immediately before Executive's employment terminates, or (ii) an amount equal to 155% of Executive's annual base salary for the year in which Executive's employment terminates.
Sample 1

Related to The Applicable Compensation

  • Final Compensation In the event of termination of the Executive’s employment with the Company, howsoever occurring, the Company shall pay the Executive (i) the Base Salary for the final payroll period of his employment, through the date his employment terminates; (ii) compensation at the rate of the Base Salary for any vacation time earned but not used as of the date his employment terminates; and (iii) reimbursement, in accordance with Section 2(e) hereof, for business expenses incurred by the Executive but not yet paid to the Executive as of the date his employment terminates, provided that the Executive submits all expenses and supporting documentation required within sixty (60) days of the date his employment terminates, and provided further that such expenses are reimbursable under Company policies then in effect (all of the foregoing, “Final Compensation”). Except as otherwise provided in Section 5(a)(iii), Final Compensation will be paid to the Executive within thirty (30) days following the date of termination or such shorter period required by law.

  • 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.

  • Business Expenses and Final Compensation You acknowledge that you have been reimbursed by the Company for all business expenses incurred in conjunction with the performance of your employment and that no other reimbursements are owed to you. You further acknowledge that you have received payment in full for all services rendered in conjunction with your employment by the Company, including payment for all wages, bonuses and accrued, unused vacation time, and that no other compensation is owed to you except as provided herein.

  • Additional Compensation During the Term, in addition to the foregoing, the Executive shall be eligible to receive such other compensation as may from time to time be awarded him by either the Board or the Compensation Committee in its sole discretion.

  • Variable Compensation In addition to any interim award that the Company owes to the Executive under the Variable Compensation Plan (or any similar provisions in a successor to the Variable Compensation Plan), the Executive shall be paid a lump sum cash amount equal to 2.0 times the target annual award under the Variable Compensation Plan for the Executive’s job for the calendar year during which the Change in Control occurs. In order to be entitled to a payment pursuant to this Section 4(b), the Executive must have been a participant in the Company’s Variable Compensation Plan at some time during the calendar year in which the Change in Control occurred or the calendar year immediately preceding the calendar year in which the Change in Control occurred.

  • ALPS Compensation; Expenses (a) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the officers of the Fund shall determine it advisable to qualify such Shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state); litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administration, transfer agency, and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors or trustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • Compensation Payable If the Servicer shall resign or be terminated, the Servicer shall continue to be entitled to all accrued and unpaid compensation payable to the Servicer through the date of such termination as specified in Section 4.09 of this Agreement.

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