Base Pay means the Executive’s annual base salary from the Company at the rate in effect immediately prior to a Change in Control or at the time Notice of Termination is given, whichever is greater. Base Pay includes only regular cash salary (plus the amount of any automobile allowance paid to the Executive or any automobile lease payments made by the Company on behalf of the Executive) and is determined before any reduction for deferrals pursuant to any nonqualified deferred compensation plan or arrangement, qualified cash or deferred arrangement or cafeteria plan.
Base Pay means the Executive's annual base salary at a rate not less than the Executive's annual fixed or base compensation as in effect for Executive immediately prior to the occurrence of a Change in Control or such higher rate as may be determined from time to time by the Board or a committee thereof.
Examples of Base Pay in a sentence
Employees covered by this Agreement, based on rank, shall receive the following annual compensation for the work year, which shall be known as "Base Pay": (1%) (1%) (1.25%) Effective Effective Effective 01/01/2011 Rank 01/01/2012 01/01/2013 Patrolman, Probationary* 50,303.00 50,806.00 51,441.00 Patrolman, 2nd Grade** 60,084.00 60,685.00 61,443.00 Patrolman, 1st Grade 66,406.00 67,071.00 67,909.00 * Probationary period is 18 months.
More Definitions of Base Pay
Base Pay means the Executive's annual aggregate fixed base salary from the Company at the time in question.
Base Pay means the compensation paid by the Town of Southborough for the purposes of determining retirement credits and contributions for Town employees.
Base Pay means the employee’s rate of pay exclusive of extra pay such as lead worker pay, pay for shift differential, pay for special assignment, on-call pay, call back pay, or any other incentive premium pay.
Base Pay means the Executive’s annual base salary rate as in effect at the time a determination is required to be made under Section 4.
Base Pay means regular straight time earnings, plus review cycle bonuses and overtime payments, payments for incentive compensation, and other special payments except to the extent that any such item is specifically excluded by the Board of Directors of the Company (the "Board").