Annualized Cash Compensation definition

Annualized Cash Compensation means: (1) the amount of gross salary or wage amount, the fee amount, or other compensation amount for the full year, if the worker was employed or engaged for a full year; or (2) the compensation that the worker would have earned, based on the worker’s gross salary or wage amount, fee, or other compensation if the worker was not employed or engaged for a full year. In determining whether a worker’s cash compensation exceeds the threshold amount, where the worker has been employed for less than a calendar year, the worker’s cash compensation exceeds the threshold amount if the worker would reasonably expect to earn more than the threshold amount during a calendar year of employment.
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Examples of Annualized Cash Compensation in a sentence

  • Section 7(b) shall apply only if Participant earns Annualized Cash Compensation equivalent to or greater than the Threshold Amount for Highly Compensated Workers and to the extent that the conduct in violation of Section 7(b) is aided by Participant’s use or disclosure of the Company’s trade secrets.

  • Section 7(c) shall apply only if Participant earns Annualized Cash Compensation equivalent to or greater than sixty percent (60%) of the Threshold Amount for Highly Compensated Workers and to the extent that the conduct in violation of Section 7(c) is aided by Participant’s use or disclosure of the Company’s trade secrets.

  • The term "Annualized Cash Compensation" shall mean the participant's current annualized cash compensation from the Company or any Subsidiary, including overtime, bonuses, commissions and other cash incentives and any pre-tax deferrals under the Company's or any Subsidiary's employee benefit plans.

  • At the time a participant files his or her authorization for a payroll deduction, he or she shall elect to have deductions made from his or her Annualized Cash Compensation, as hereinafter defined, on each payday during the time he or she is a participant in an offering at the annual rate of from 1% to 20% (in whole number percentage increments only) of his or her Annualized Cash Compensation.

  • I am sure you will make significant contributions to our company and look forward to you starting on May 11, 2020 Cash CompensationYour Target Annualized Cash Compensation will be $1,093,750.

  • TOTAL COMPENSATION AND BENEFIT PROGRAMS(1) Estimated Annualized Cash Compensation Annual Base Compensation $45,833,34 Monthly base, salary paid semi-monthly) $ 550,000 Estimated Bonus at Target 70% $ 385,000 * * Assuming full year earnings, sufficiently meeting job expectation and 1.0 bonus multiple.

  • At the time a participant files his or her authorization for a payroll deduction, he or she shall elect to have deductions made from his or her Annualized Cash Compensation, as hereinafter defined, on each payday during the time he or she is a participant in an offering at the annual rate of from 3 to 20% (in whole number percentage increments only) of his or her Annualized Cash Compensation.

Related to Annualized Cash Compensation

  • Non-Cash Compensation Expense means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements.

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Earnable compensation means the full rate of the

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.