Annual Pay definition

Annual Pay means the sum of (i) an amount equal to the annual base salary rate payable to the Executive by the Company at the time of termination of his or her employment plus (ii) an amount equal to the target bonus established for the Executive for the Company’s fiscal year in which his or her termination of employment occurs, but in either case, without giving effect to any reduction therein occurring following a Change in Control.

Annual Pay means the sum of the Employee’s (i) base salary in effect on the date of termination and (ii) the last annual bonus paid to the Employee by the Company prior to the date of termination.

Annual Pay means Base Salary multiplied by 52.

Examples of Annual Pay in a sentence

• A sliding scale bonus, less mandatory deductions, will be paid to all employees in their base position who are represented by the Unions signatory to this Agreement on or after January 1, 2021 and before December 31, 2021, who were not terminated for cause during 2021, according to the following: Employee Base Annual Pay (based on 2020 salary schedule) (Excludes all add-to-pays) Bonus Amount <$100,000 $4000 $100,000-$125,000 $2000 >$125,000 $1000 table above.

• The longevity schedule shall be as follows: Completed Years of Service Annual Pay 7 years (Beginning 8th Year) $ 488 15 years (Beginning 16th Year) $1,504 20 years (Beginning 21st Year) $1,965 25 Years (Beginning 26th Year) $2,546 30 Years (Beginning 31st Year) $3,000 * Employees receiving longevity pay at the ten year xxxx ($990) as of August 12, 2004, shall continue to receive such pay until reaching the fifteen year xxxx.

• Each employee who remains an employee of the District in this bargaining unit on the date the School Board adopts this Agreement, will be paid this 3.5% negotiated increase on the minimum-maximum Annual Pay Rate Schedule (Appendix A), retroactive to January 1, 2021.

• Life Insurance Eligible Retired Employees Basic Life (Company Paid) 2013 New Hires $15,000 Retiree Basic Life 2009 New Hires $15,000 Retiree Basic Life Current Employees 1X Annual Pay Note: For the purposes of Retiree Basic Life only, Annual Pay: Is the Employee’s Rate of Pay as of 12/31/2009.

• The longevity schedule shall be as follows: Completed Years of Service Annual Pay 7 years (Beginning 8th Year) $700 10 years (Beginning 11th Year) $1,000 15 years (Beginning 16th Year) $1,800 20 years (Beginning 21st Year) $2,300 25 Years (Beginning 26th Year) $2,900 30 Years (Beginning 31st Year) $3,300 Effective August 20, 2020 the longevity schedule shall be as follows.

More Definitions of Annual Pay

Annual Pay means and refer to annual base rate of pay as determined from the payroll records on such date as shall be designated by the Committee for any offer of Stock made pursuant to this Plan.

Annual Pay means an amount equal to the annual basic rate of pay of an Eligible Employee as determined from the payroll records of the Company or Designated Subsidiary, including amounts contributed by an Eligible Employee under Section 401(k) or 125 of the Code, but excluding all other cash compensation paid to an Eligible Employee during a Purchase Period by the Company or Designated Subsidiary. Without limiting the generality of the foregoing, Annual Pay shall not include overtime, bonuses, any contributions by the Company or Designated Subsidiary, to, or benefits paid under, the Plan or any other pension, profit-sharing, fringe benefit, group insurance or other employee welfare plan or any deferred compensation arrangement (other than pursuant to Section 401(k) or 125 of the Code), expenses and reimbursements, and any other special or extraordinary compensation. Notwithstanding the foregoing, the Committee, in its sole discretion, may adjust the types of compensation constituting Annual Pay; provided that any such determination shall be applied on a uniform and consistent basis to all Eligible Employees.

Annual Pay means an amount equal to the annual basic rate of pay of an Eligible Employee as determined from the payroll records of the Company or a Subsidiary on the effective date of an offer of stock made pursuant to the Plan.

Annual Pay means the employee's basic monthly pay added to his/her longevity award as provided for in Article 14, his/her public service duty, E.M.T. allowance, and roll call pay as provided for in Article 15, and his/her educational credit allowance as provided for in Article 16, multiplied by 12.

Annual Pay means the Employee's annual Pay defined in Item N(3).

Annual Pay means the annual rate of base compensation of an Executive in effect immediately prior to the Change in Control or at the time of his or her termination of employment, whichever is greater.

Annual Pay means the annual rate of base compensation of an Executive in effect immediately prior to the Change of Control or on his termination of employment, whichever is greater.