Annual Cash Compensation

Example Definitions of "Annual Cash Compensation"
Annual Cash Compensation. With respect to a Change in Control, the sum of (i) the amount of Executive's Base Annual Salary for the year in which the Change in Control occurs and (ii) the target AICP bonus which could be payable to Executive under the AICP for the calendar year in which the Change in Control occurs assuming that the Company and Executive have fully met all performance criteria (financial, personal or otherwise) but not including a multiplier that may be applicable to result in a maximum bonus, and... annualized for the purpose of this calculation; provided, however, that if the target bonus opportunity or the performance criteria for an AICP bonus has not been established for the year of the Change in Control, the AICP amount under this definition shall be calculated using the target bonus opportunity from the immediately preceding calendar year. View More
Annual Cash Compensation. With respect to a Change in Control, the sum of (i) the amount of Executive's Base Annual Salary for the year in which the Change in Control occurs and (ii) the target amount of maximum AICP bonus which could be payable to Executive under the AICP for the calendar year in which the Change in Control occurs assuming that calculated on the basis of the Company and Executive have having fully met all performance criteria (financial, personal or otherwise) but not including a multiplier that may be... applicable to result in a maximum bonus, and annualized for the purpose of this calculation; provided, however, that if the target maximum bonus opportunity or the performance criteria for an AICP bonus has not been established for the year of the Change in Control, the AICP amount under this definition shall be calculated using the target maximum bonus opportunity from the immediately preceding calendar year. View More
View Variations
Annual Cash Compensation. With respect to a Change of Control, means Executive's Base Annual Salary received or receivable by Executive during the year in which the Change of Control occurs, plus the current maximum bonus which could be payable to Executive under the STIP for the calendar year in which the Change of Control occurs calculated on the basis of Executive having fully met all individual performance criteria (financial, personal or otherwise) and annualized for the purpose of this calculation; provided,... however, that if the performance criteria for a STIP bonus has not been established for the year of the Change of Control, the STIP amount under this definition shall be calculated using the performance criteria from the immediately preceding calendar year. View More
Annual Cash Compensation. Annual Cash Compensation
Annual Cash Compensation. Shall, as determined on the Termination Date, be equal to the sum of (i) plus (ii), where "(i)" equals Executive's annualized salary in effect on the date of the earliest Change of Control to occur during the 18-month period prior to the Termination Date, and "(ii)" equals the greater of (A) Executive's annual target bonus for the then-current bonus period and (B) the average annual bonus paid or payable by Employer to Executive for the three-year period (or for the period of Executive's... employment, if Executive has not been employed for all of such three-year period) immediately preceding the date of the Change of Control. View More
Annual Cash Compensation. An amount equal to the sum of: (A) the Executive's annual base salary in effect as of the Date of Termination plus (B) the amount of the annual target bonus opportunity of the Executive, pursuant to the bonus plan described in Section 3(b) below, for the fiscal year of the Company in which the Date of Termination occurs.
Annual Cash Compensation. The term "Annual Cash Compensation" shall mean the sum of (i) the Executive's Annual Base Salary (determined as of the time of the Change in Control of the Company or, if higher, immediately prior to the date the Notice of Termination is given) plus (ii) an amount equal to the greater of the Executive's annual incentive target bonus for the fiscal year in which the Termination Date occurs or the annual incentive bonus the Executive received for the fiscal year prior to the Change in Control of... the Company. View More
All Definitions