Annualized Total Compensation means Base Salary plus Annual Bonus (at the target level) for one year at the rate in effect immediately before the date of your Separation from Service, but, for these calculations only, your Base Salary and target bonus percentage shall not be less than the amount set forth in Section 3, above.
Annualized Total Compensation means, as of any date, the sum of Executive’s Base Salary as of such date and Target Annual Bonus applicable to the Year that includes such date.
Annualized Total Compensation means, as of any date, the sum of Executive's Base Salary as of such date and (i) if the determination is being made prior to the occurrence of a Change of Control, then the average of the Annual Bonuses earned by Executive with respect to each of the previously completed Years occurring during the Employment Period (up to a maximum of the three most recently completed Years); provided, that if such Termination of Employment occurs prior to the end of the first Year ending during the Employment Period, then an amount equal to the Target Annual Bonus applicable to the Year that includes such date or (ii) if the determination is being made following a Change of Control, the Target Annual Bonus applicable to the Year that includes such date.
Examples of Annualized Total Compensation in a sentence
As part of the Program, the Contractor will be required to specify, document and implement a strategy to connect Trainees who complete the Program to employment as web developers (or a related technology job approved by WDC) in the City ( or working remotely while still l iving in the City) earning Annualized Total Compensation of at least $65,000.
Ensure enrollment of Trainees who can be effectively trained and connected to a web development job (or related technology job approved by the WDC) based in the City, earning an Annualized Total Compensation of at least $65,000 per year.
Accordingly, Mr. Mollenkopf's annualized total compensation, excluding those special awards, is $16,740,542.Figure 2: Fiscal 2014 Total Compensation, Excluding Special RSUs, and Annualized Total Compensation (1) (1) Excludes the special RSUs granted to Messrs.
Specifically, Contractor must provide WDC-approved documentation that Trainees have been timely connected to full-time employment in the City or working remotely while still living in the City as web developers (or a related technology job approved by WDC) earning Annualized Total Compensation of at least $65,000.
Develop and implement a job placement strategy to connect Program completers with full-time Web Development jobs (or related technology jobs as approved by the WDC) in the City at Annualized Total Compensation of at least $65,000 per year.
More Definitions of Annualized Total Compensation
Annualized Total Compensation means Base Salary plus Annual Bonus (as if all necessary targets and objectives were met) for one year at the rate in effect immediately before the Termination Date. In addition, all outstanding stock options, grants, restricted stock awards or other equity grants issued to you will vest 100% immediately either as of the Termination Date (in the case of a termination by the Company without Cause or a termination by you for Good Reason) or prior to the Change of Control becoming effective (solely in the event that upon or in connection with such Change of Control your employment with the Company is terminated without Cause or you terminate your employment for Good Reason), as applicable. The payments under this paragraph are in lieu of any notice requirements of any Canadian national or provincial law. In the event of any termination, you agree to resign as an officer and director of the Company and its subsidiaries and affiliates.
Annualized Total Compensation means the Executive's Base Salary, target bonus opportunity (as if all targets and objectives were met) and car allowance for one year, at the rate in effect immediately before the Executive's termination date.
Annualized Total Compensation means Base Salary plus Annual Bonus (as if all necessary targets and objectives were met) for one year at the rate in effect immediately before the Termination Date. For purposes of calculating Annualized Total Compensation in connection with this Section II, Annual Bonus shall be computed at a rate no less than the Annual Bonus rate set forth in Section I(ii) hereof. If the Company terminates your employment without Cause, or if you terminate your employment for Good Reason, following a Change in Control, as defined in Annex A, such amount will be increased to three times rather than one and one-half times Annualized Total Compensation and, if applicable, you will be entitled to receive Gross-Up Payments as described in Annex B. Any termination by the Company without Cause or termination by you for Good Reason, which takes place within six (6) months prior to a Change in Control, shall be, presumptively, a termination following a Change in Control. Upon any termination by the Company without Cause or termination by you for Good Reason, all outstanding stock options, grants, restricted stock awards or other equity grants issued to you will vest 100% immediately either as of the Termination Date (in the case of a termination by the Company without Cause or a termination by you for Good Reason) or prior to the Change in Control becoming effective (solely in the event that upon or in connection with such Change in Control your employment with the Company is terminated without Cause or you terminate your employment for Good Reason), as applicable. The payments under this paragraph are in lieu of any notice requirements of any Canadian federal or provincial law. In the event of any termination of your employment, you agree to resign as an officer and director of the Company and its subsidiaries and affiliates. Your rights of indemnification under the Company’s and its subsidiaries’ and affiliates’ organizational documents, any plan or agreement at law or otherwise and your rights thereunder to director’s and officer’s liability insurance coverage for, in both cases, actions as an officer and director of the Company and its affiliates shall survive any termination of your employment. In addition, effective immediately, you will be granted a restricted stock award of 75,000 common shares, no par value, of the Company (“Common Shares”) to be issued under the Company’s stock option plan or long term incentive plan or in accordance with Canadian law or regulation (t...
Annualized Total Compensation means Base Salary plus Annual Bonus (as if all necessary targets and objectives were met) for one year at the rate in effect immediately before termination. In addition, all outstanding stock options, grants, restricted stock awards or other equity grants issued to you will vest 100% immediately prior to the Change of Control becoming effective. The payments under this paragraph are in lieu of any notice requirements of any Canadian national or provincial law. In the event of any termination, you agree to resign as an officer and director of the Company and its affiliates.
Annualized Total Compensation means the sum of (i) your annual rate of base salary and (ii) your annual target bonus opportunity for one year, in each case, as in effect immediately before the date of your Separation from Service.
Annualized Total Compensation means Base Salary plus Annual Bonus (as if all necessary targets and objectives were met) for one year at the rate in effect immediately before the date your employment with the Company is terminated (the "Termination Date"). If the Company terminates your employment without Cause, or if you terminate your employment for Good Reason, following a Change in Control, as defined in Annex A, such amount will be increased to three times rather than two times Annualized Total Compensation and, if applicable, you will be entitled to receive Gross-Up Payments as described in Annex B. Any termination by the Company without Cause or termination by you for Good Reason, which takes place within six (6) months prior to a Change in Control, shall be, presumptively, a termination following a Change in Control. Upon any termination by the Company without Cause or termination by you for Good Reason, all outstanding stock options, grants, restricted stock awards or other equity grants issued to you will vest 100% immediately either as of the Termination Date (in the case of a termination by the Company without Cause or a termination by you for Good Reason) or prior to the Change in Control becoming effective (solely in the event that upon or in connection with such Change in Control your employment with the Company is terminated without Cause or you terminate your employment for Good Reason), as applicable. The payments under this paragraph are in lieu of any notice requirements of any Canadian federal or provincial law. In the event of any termination of your employment, you agree to resign as an officer and director of the Company and its subsidiaries and affiliates. In addition, as soon as practicable after the date of this Agreement, you will be granted options to purchase Common Shares to be issued under the Company's stock option plan or long term incentive plan in an amount to be agreed (the "Initial Grant"). Each year, you will also be considered by the Board or the applicable committee thereof to receive options to purchase additional Common Shares or other long term incentive compensation under the Company's stock option plan or other long term incentive plans as may be in effect from time to time after the date of this Agreement. All options in the Initial Grant shall vest 33 1/3% per year over three (3) years beginning on the first anniversary of the date the options are granted and then on each succeeding anniversary of the date the options are granted provided ...
Annualized Total Compensation means Base Salary plus Annual Bonus (at the target level) for one year at the rate in effect immediately before the Termination Date. Upon any termination by the Company without Cause or termination by you for Good Reason, in either case, after the Closing Date, any outstanding stock options, grants, restricted stock awards or other equity grants issued to you from time to time, will vest 100% immediately as of the Termination Date. In the event of any termination of your employment, you agree to resign from such offices and directorships, if any, of the Company and its subsidiaries and affiliates that you may hold from time to time. Your rights of indemnification under the Company’s and its subsidiaries’ and affiliates’ organizational documents, any plan or agreement at law or otherwise and your rights thereunder to director’s and officer’s liability insurance coverage for, in both cases, actions as an officer or a director of the Company and its affiliates shall survive any termination of your employment.