Base Compensation definition

Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

Base Compensation means Executive’s monthly base salary for services performed based on the average base salary for the six (6) months prior to the Termination Date.

Base Compensation shall have the meaning set forth in Section 5(a).

Examples of Base Compensation in a sentence

• Except as otherwise specifically provided herein, nothing paid to the Executive under any plan or program presently in effect or made available in the future shall be in lieu of the Base Compensation or any bonus payable under Sections 1.4(a) and 1.4(b) hereof.

• For purposes of calculating Executive's pro rata portion of any bonus pursuant to clause (B) in the previous sentence, if the termination takes place prior to receipt by Executive of any Performance Bonus Distribution, the Performance Bonus Distribution, a pro rata portion of which Executive shall be entitled to receive, shall be deemed to be 50% of Executive's then current annual Base Compensation.

• The Base Compensation shall be payable as current salary, in installments not less frequently than monthly, and at the same rate for any fraction of a month unexpired at the end of the Term.

• For purposes of the Agreement, the term “Base Compensation” as of any point in time shall refer to the Base Compensation as adjusted pursuant to this Section 4.

• The amount of Base Compensation shall be reviewed periodically by the Board and may be increased from time to time as the Board may deem appropriate.

More Definitions of Base Compensation

Base Compensation as of any point in time shall refer to the Base Compensation as adjusted pursuant to this Section 4.

Base Compensation means (1) the highest annual rate of base salary of the Executive within the time period consisting of one year prior to the date of a Change in Control and the Effective Date of Termination and (2) the AIP bonus target for performance in the calendar year that a Change in Control occurs or the average of the actual AIP payments for the three years immediately preceding the Change in Control, whichever is higher “Beneficiary” shall mean the persons or entities designated or deemed designated by the Executive pursuant to Section 7.2 herein.

Base Compensation means the Employee’s (i) annual base salary paid by the Company for services performed as in effect on the Termination Date; and (ii) target cash bonus and/or other forms of cash incentive compensation for the fiscal year in which the Change of Control is effective.

Base Compensation means the annual rate of compensation set forth in Section 4.1, as such amount may be adjusted from time to time.

Base Compensation means the Participant’s annual base salary rate in effect immediately prior to a Qualifying Termination, disregarding any reduction which gives rise to Good Reason.

Base Compensation means the annual base salary the Corporation pays the Employee for his or her services immediately prior to an Involuntary Termination.

Base Compensation means the Executive’s annual base salary paid by the Company for services performed as in effect on the Termination Date.