Annual Compensation Definition Example with 4 Variations

This page contains an example definition of Annual Compensation, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
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 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.

Variations

Annual Compensation. Means 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 Employee's Target Bonus for the same period, or (ii) Employee's Base Salary on an annualized basis and the employee's target bonus Employee's Target Bonus as of the Termination Date.
Annual Compensation. Means means an amount equal to the greater of (i) Employee's Base Salary Company salary for the twelve (12) months preceding the Change of Control plus the employee's target bonus for the same period, period or (ii) Employee's Base Company Salary on an annualized basis and the employee's target bonus as of the Termination Date.
Annual Compensation. Means means an amount equal to ------------------- the greater of (i) Employee's Base Salary Company salary for the twelve (12) months preceding the Change of Control plus the employee's target bonus for the same period, period or (ii) Employee's Base Company Salary on an annualized basis and the employee's target bonus as of the Termination Date.
Annual Compensation. Means means an amount equal to ------------------- the greater of (i) Employee's Base Salary Company salary for the twelve (12) months preceding the Change of Control plus the employee's target bonus for the same period, period or (ii) Employee's Base Company Salary on an annualized basis and the employee's target bonus as of the Termination Date.
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