Actual Earnings definition

Actual Earnings means the amount designated on the Associate’s commission statement as actual earnings.

Actual Earnings means all earnings of an employee in any Plan Year for Qualifying Employment including overtime and extra shift pay, holiday and vacation pay, amounts paid for periods of approved absence, back pay which has been either awarded or agreed to by the Company, earnings elected to be deferred by the Employee as tax deferred contributions under the Company's Profit-Sharing Plan, supplemental tax deferred amounts under this Plan, or as contributions under a plan established pursuant to Section 125 of the Internal Revenue Code, or under Section 119 of the Internal Revenue Code, and all compensation under the Management Incentive Plan and the Fortune Brands, Inc. Annual Executive Incentive Compensation Plan paid during such Plan Year, but excluding (1) Worker's Compensation payments, (2) amounts paid by the Company for insurance, retirement or other benefits and bonuses, and (3) contributions to or allocations under any profit-sharing plan and benefits under this Plan or other benefits. The Actual Earnings of an employee covered under a disability income plan of the Company shall be deemed to continue as provided in the Retirement Plan.

Actual Earnings means earnings including all Performance Incentives earned for the applicable calendar year.

Examples of Actual Earnings in a sentence

• The number of shareholders attending in person (including, where appropriate, those who haveattended by telematicmeans and thosewho have cast their vote by remote means of communication prior to the General Meeting) or by proxy shall be stated at the end of the list, as well as the amount of capital theyown, specifying the capital belonging to shareholders with voting rights.

• The Insured shall within ninety (90) days after the expiry of the Period of Insurance or upon cancellation of the Policy supply the Company with a completed Premium Adjustment and Declaration of Earnings Form stating the actual Earnings of Employees and provide the relevant supporting documents during the Period of Insurance (which declaration is referred to herein as “the Actual Earnings Declaration”).

• The Insured shall within ninety (90) days after the expiry of the Period of Insurance or upon cancellation of the Policy supply the Company with a completed Premium Adjustment and Declaration of Earnings Form stating the actual Earnings of Employees and provide the relevant supporting documents during the Period of Insurance (which declaration is referred to herein as "the Actual Earnings Declaration”).

• Narragansett Electric shall retain 100 percent of any excess earnings of the Actual Earnings that are attributable to any of the Performance Incentives.

• The Insured shall within ninety (90) days after the expiry of the Period of Insurance or upon cancellation of the Policy supply the Company with a further declaration stating the actual Earnings of Employees during the Period of Insurance (which declaration is referred to herein as “the Actual Earnings Declaration”).

More Definitions of Actual Earnings

Actual Earnings means the amount set forth on the Associate’s commission statement as actual earnings.

Actual Earnings means all earnings of an employee in any Plan Year for Qualifying Employment including tax deferred contributions elected by the employee under the Profit-Sharing Plan or as contributions under a plan established pursuant to Section 125 of the Internal Revenue Code and all compensation under Article XII of the By-laws of the Company and the Company's Management Incentive Plan paid during such Plan Year, but excluding (i) Worker's Compensation, (ii) amounts paid by the Company for insurance, retirement or other benefits and (iii) contributions to or allocations under the Retirement Plan, the Profit-Sharing Plan, this Plan or other benefits, including the special bonus paid to Profit-Sharing Plan members in 1990 and other bonuses paid after l992 except under the aforesaid Article XII and Management Incentive Plan. The Actual Earnings of an employee covered under a disability income plan of the Company shall be deemed to continue as provided in the Retirement Plan.

Actual Earnings as used with reference to any of such Pension Plans shall include amounts paid to you pursuant to subsections (b)(ii)(A)(1) and (2) and (b)(ii)(B) of this Section 2 and such amounts shall be deemed to represent three years of Actual Earnings for purposes of determining your highest consecutive five year average rate of Actual Earnings. The supplemental pension benefits determined under this subsection 2(d) shall be payable by the Company to you and your contingent annuitant, if any, in the same manner and as long as your pension benefits under the Supplemental Plan and shall be adjusted actuarially to reflect payment in a form other than a straight life annuity. Benefits hereunder which commence prior to age 60 shall be reduced to reflect early commencement to the extent, if any, provided in the Qualified Plan. All defined terms used in this subsection 2(d) shall have the same meaning as in the Qualified Plan, unless otherwise defined herein or otherwise required by the context.

Actual Earnings has the meaning set forth in Section 3.2(a).

Actual Earnings means all earnings of an employee in any Plan Year for Qualifying Employment including overtime and extra shift pay, holiday and vacation pay, amounts paid for periods of approved absence, back pay which has been either awarded or agreed to by the Company, earnings elected to be deferred by the Employee as tax deferred contributions under the Company's Profit-Sharing Plan, supplemental tax deferred amounts under this Plan, or as contributions under a plan established pursuant to Section 125 of the Internal Revenue Code, and all compensation under the Management Incentive Plan and Article XII of the

Actual Earnings means, for any period, the sum, determined on a --------------- consolidated basis, of (a) net income (or net loss) measured on a first-in first-out method of accounting, (b) Interest Expense, (c) income tax expense, (d) depreciation expense, (e) amortization expense, (f) extraordinary or unusual losses deducted in calculating net income less extraordinary or unusual gains added in calculating net income and non-cash expenses associated with any variable stock plan plus the management fee paid under the Management Agreement dated February 26, 1997 between Iron Age Corporation and Fenway Partners, Inc., (g) fees and expenses incurred by the Company and Acquisition Corp. in connection with the Acquisition Transactions and (h) directors fees and similar expenses in excess of $100,000 incurred by the Company at the direction of the members of the Board representing the majority stockholders of the Company, in each case determined in accordance with GAAP (as such term is defined in the Credit Agreement dated February 26, 1997 hereof among the Company, IAH Acquisition Corp. ("Acquisition Corp.") and the banks named therein).

Actual Earnings is defined as the sum of the base salary in effect for each Participant for each week during the Performance Period where they were employed for the entire week, divided by the number of payroll weeks in the Performance Period. Base salary is limited to regular wages. Base salary excludes lump sum merit increases and taxable fringes, expense or relocation payments, long-term disability pay, other bonus or incentive awards, earnings from equity grants, vesting or exercises and any other allowances or stipends or other non-standard compensation. If the Participant is on disability pay for a period of 16 weeks or more during any two year period, the base salary for all weeks greater than 16 shall be considered to be zero for the purposes of this calculation.