Annual Compensation

Example Definitions of "Annual Compensation"
Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and other cash compensation paid to the Executive (including cash compensation deferred at the election of the Executive) by the Employers or any subsidiary thereof (i) during the calendar year in which the Date of Termination occurs (determined on an annualized basis), or (ii) either of the two calendar years immediately preceding the calendar year in which... the Date of Termination occurs, whichever is greater. View More
Found in Provident Financial Services, Inc. contract
Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and other cash compensation paid to the Executive (including cash compensation deferred at the election of the Executive) by the Employers or any subsidiary thereof (i) and included in the Executive's gross income for tax purposes and any income earned and deferred by the Executive pursuant to any plan or arrangement of the Employers during the calendar year in... which the Date of Termination occurs (determined on an annualized basis), basis) or (ii) either of the two calendar years immediately preceding the calendar year in which the Date of Termination occurs, whichever is greater. occurs. View More
Found in EMCLAIRE FINANCIAL CORP contract
Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and other cash compensation paid to the Executive (including cash compensation deferred at the election of the Executive) by the Employers or any subsidiary thereof (i) during the calendar year in which the Date of Termination occurs (determined on an annualized basis), or (ii) either of the two calendar years immediately preceding the calendar year in which... the Date of Termination occurs, whichever is greater. For purposes of this definition, payments of deferred compensation shall be disregarded when paid and deferral of compensation at the Executive's election shall be included as compensation exclusively in the year of deferral. View More
Found in Provident Financial Services, Inc. contract
View Variations (2)
Annual Compensation. The sum of: (i) the amount of the annual base salary of the Executive which is in effect during the calendar year preceding the calendar year in which a Change in Control occurs; and (ii) the highest annual bonus paid to the Executive by the Company during the three (3) calendar year period preceding the calendar year in which a Change in Control occurs. Annual Compensation shall include the amount of any compensation which is not paid to the Executive as a result of an affirmative election... made by the Executive to defer his receipt of any compensation, including without limitation, compensation and/or bonuses deferred pursuant to the Company's Management Stock Purchase Plan, compensation deferred under the Company's 401(k) Restoration Plan and compensation deferred pursuant to any applicable 401(k) plan, Section 125 plan, cafeteria plan or other plan maintained by the Company under which the Executive, by making an affirmative election, is permitted to defer his receipt of such compensation. Annual Compensation shall not include the grant of stock options, restricted stock, restricted units, performance shares, performance units and rights or other equity or equity based grants View More
Found in Gibraltar Industries, Inc. contract
Annual Compensation. The sum of: (i) (a) the amount of the annual base salary of the Executive which is in effect during the calendar year preceding the calendar year in which a Change in Control occurs; and (ii) (b) the highest annual bonus paid to the Executive by the Company during the three (3) calendar year period preceding the calendar year in which a Change in Control occurs. Annual Compensation shall include the amount of any compensation which is not paid to of the Executive as a result of an affirmative... election made by the Executive to defer his receipt of any Executive's deferred compensation, including without limitation, compensation and/or bonuses deferred pursuant to the Company's Management Stock Purchase Plan, compensation deferred under the Company's 401(k) Restoration Plan and compensation deferred pursuant to any applicable 401(k) plan, Section 125 plan, cafeteria plan or other deferred compensation plan maintained by the Company under which the Executive, by making an affirmative election, is permitted to defer his receipt of such compensation. Company. Annual Compensation shall not include the grant of stock options, restricted stock, restricted units, performance shares, performance units and rights or other equity or equity based grants View More
Found in Gibraltar Industries, Inc. contract
Annual Compensation. The sum of: (i) the amount of the annual base salary of the Executive which is in effect during the calendar year preceding the calendar year in which a Change in Control occurs; and (ii) the highest annual bonus paid to the Executive by the Company during the three (3) calendar year period preceding the calendar year in which a Change in Control occurs. Annual Compensation shall include the amount of any compensation which is not paid to of the Executive as a result of an affirmative election... made by the Executive to defer his receipt of any Executive's deferred compensation, including without limitation, compensation and/or bonuses deferred pursuant to the Company's Management Stock Purchase Plan, compensation deferred under the Company's 401(k) Restoration Plan and compensation deferred pursuant to any applicable 401(k) plan, Section 125 plan, cafeteria plan or other deferred compensation plan maintained by the Company under which the Executive, by making an affirmative election, is permitted to defer his receipt of such compensation. Company. Annual Compensation shall not include the grant of stock options, restricted stock, restricted units, performance shares, performance units and rights or other equity or equity based grants View More
Found in Gibraltar Industries, Inc. contract
View Variations (2)
Annual Compensation. Shall mean an amount equal to the greater of: (i) Executive's annual base salary at the annual rate in effect at the date of his Involuntary Termination; (ii) Executive's annual base salary at the annual rate in effect sixty days prior to the date of his Involuntary Termination; or (iii) Executive's annual base salary at the annual rate in effect immediately prior to a Change of Control.
Found in SABINE OIL & GAS CORP contract
Annual Compensation. Shall mean an amount equal to the greater greatest of: (i) Executive's i) Employee's annual base salary at the annual rate in effect at on the date of his Involuntary Termination; (ii) Executive's ii) Employee's annual base salary at the annual rate in effect sixty days prior to the date of his Involuntary Termination; or (iii) Executive's iii) Employee's annual base salary at the annual rate in effect immediately prior to a Change of Control.
Found in KEY ENERGY SERVICES INC contract
View Variation
Annual Compensation. The sum of: (i) Executive's salary at the greater of (A) Executive's salary rate in effect on the date of the Change in Control, or (B) Executive's salary rate in effect on Executive's Employment Termination; and (ii) the Amounts Payable Under Any Cash Bonus Plans (as defined below) in which Executive participates.
Found in Northern Trust Corp. contract
Annual Compensation. The sum of: (i) Executive's salary for one year at the greater of (A) Executive's salary rate in effect on immediately prior to the date of the Change in Control, or (B) Executive's salary rate in effect on Executive's Employment Termination; and (ii) the Amounts Payable Under Any Cash Bonus Plans (as defined below) in which Executive participates.
Found in Consolidated Communications Holdings, Inc. contract
View Variation
Annual Compensation. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the sum of (i) the base salary paid to the Executive by the Company or any subsidiary thereof during the calendar year in which the Date of Termination occurs (determined on an annualized basis) and (ii) the average of the incentive compensation award (i.e. including the portion paid to the Employee in cash and the portion deferred under the Company's Nonqualified Deferred Compensation Plan) granted to... the Executive by the Company under the Cabela's Incorporated Management Bonus Plan in each of the two calendar years preceding the calendar year in which the Date of Termination occurs (determined on an annualized basis). View More
Found in CABELAS INC contract
Annual Compensation. The Executive's 'Annual Compensation' for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination (or such shorter period as the Executive was employed), and which was included in the Executive's gross income for tax purposes, including but not limited to the Executive's salary, bonuses and all other amounts taxable to the... Executive pursuant to any employee benefit plans of the Employers. View More
Found in BEAR STATE FINANCIAL, INC. contract
Annual Compensation. Means an amount equal to the greater of (i) Employee's Base Salary for the twelve (12) months preceding the Change of Control or the Termination Date, whichever is applicable, plus the Employee's Target Bonus for the same period, or (ii) Employee's Base Salary on an annualized basis and the Employee's Target Bonus as of the Termination Date.
Found in ACORN ENERGY, INC. contract
Annual Compensation. For any given taxable year of the Executive, all compensation payable by Arrow or the Bank to the Executive that is includible in the gross income of the Executive for such year for federal income tax purposes, plus any amount of salary otherwise payable by Arrow or the Bank to the Executive for such year (A) that is deferred under Section 401(k) of the Code under any plan maintained by Arrow or the Bank permitting such deferrals, or (B) that is deferred by the Executive under any nonqualified... retirement or income deferral plan maintained by Arrow or the Bank, to the extent deferred amounts under such plan are excludable for federal income tax purposes from the gross income of the deferring employee in the year of deferral. View More
Found in ARROW FINANCIAL CORP contract
Annual Compensation. The total of: one year of base salary, at the highest base salary rate that you were paid by the Company within a 12-month period prior to the date of your Separation from Service (the "Look-Back Period")
Found in GEE Group Inc. contract
Annual Compensation. The Executive's 'Annual Compensation' for purposes of this Agreement shall be deemed to mean the sum of the Executive's then current annual rate of base salary and any cash bonus paid to the Executive by the Employer for the calendar year immediately preceding the calendar year in which the Date of Termination occurs.
Found in HOME BANCORP, INC. contract
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