Base Amount shall have the meaning set forth in section 280G(b)(3) of the Code.
Base Amount means the Executive's annual base salary at the rate in effect as of the date of a Change in Control or, if greater, at any time thereafter, determined without regard to any salary reduction or deferred compensation elections made by the Executive.
Base Amount means the greater of Executive’s annual base salary (i) at the rate in effect on the day prior to the date of Executive’s Qualifying Termination, (ii) at the highest rate in effect at any time during the ninety (90) day period prior to Executive’s Qualifying Termination, or (iii) at the highest level in effect at any time during the ninety (90) day period prior to a Change in Control, and in any case shall include all amounts of such base salary that are deferred under any qualified and non-qualified employee benefit plans of the Company or under any other agreement or arrangement.
Examples of Base Amount in a sentence
After Fiscal 2005, the Base Amount will be adjusted in each subsequent Fiscal Year by the CPI Index (as hereinafter defined) pursuant to the process set forth in clause (ii) of this Section 12(f).
In Fiscal 2006 and in each subsequent Fiscal Year, if the collected Mooring Fees for the applicable Fiscal Year shall be in excess of the Base Amount for such Fiscal Year, such excess shall be defined as the “Excess Amount”.
More Definitions of Base Amount
Base Amount means the base year equalized assessed value
Base Amount means, with respect to each Preferred Share, as of the applicable date of determination, the sum of (1) the Stated Value thereof, plus (2) the Unpaid Dividend Amount thereon as of such date of determination.
Base Amount means “base amount,” within the meaning of Section 280G(b)(3) of the Code.
Base Amount means, with respect to any share of Series A Preferred Stock, as of any date of determination, the sum of (a) the Liquidation Preference and (b) the Base Amount Accrued Dividends with respect to such share as of such date.
Base Amount means an amount equal to the average Annual Compensation of the Executive for the most recent five (5) taxable years ending before the date on which a Change of Control occurred.
Base Amount means the amount calculated pursuant to subclause (2) without reference to subclause (4);