118 Plan Year Compensation

118 Plan Year Compensation. Means for purposes of the elections under Section 2.4 of the Plan, the annual base salary paid to a Participant by the Company during any Plan Year, or portion thereof during which he is a Participant in this Plan, as reflected on the Participant's form W-2. In addition, for Designated Participants (as defined in Section 1.8), Plan Year Compensation shall include cash discretionary bonus compensation, if any, in addition to base salary and subject to the provisions of Section 3.1(C); provided... that a Participant shall be a Designated Participant for purposes of making deferrals out of bonus compensation only for such Plan Year or Plan Years as the Board may determine in its sole discretion. View More