Annual Compensation Definition Example with 8 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. The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of aggregate base salary and cash incentive compensation paid to the Executive by the Employers or any subsidiary thereof during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the two calendar years immediately preceding the calendar year in which the Date of Termination occurs.
Found in TIERONE CORP contract

Variations

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 incentive 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) basis), or (ii) either of the two calendar years immediately preceding the calendar... year in which the Date of Termination occurs. occurs, whichever is greater. View More Arrow
Found in 2 Contracts from Provident Financial Services, Inc.
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 cash incentive compensation paid to the Executive by the Employers or any subsidiary thereof during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the two calendar years year immediately preceding the calendar year in which the Date of Termination occurs. occurs, whichever year is higher.
Found in 4 Contracts from PARKVALE FINANCIAL CORP
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 cash incentive compensation paid to the Executive by the Employers or any subsidiary thereof during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the two calendar years year immediately preceding the calendar year in which the Date of Termination occurs. occurs, whichever year is higher.
Found in PARKVALE 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 cash incentive compensation paid to the Executive by the Employers Employer or any subsidiary thereof during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the two calendar years year immediately preceding the calendar year in which the Date of Termination occurs. occurs, whichever year is higher.... 1 View More Arrow
Found in PARKVALE 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 cash incentive compensation paid to the Executive by the Employers or any subsidiary thereof 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) or either of the two calendar years immediately preceding the calendar year in which the Date of Termination occurs. View More Arrow
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 cash incentive compensation paid to the Executive by the Employers Employer or any subsidiary thereof during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the two calendar years year immediately preceding the calendar year in which the Date of Termination occurs. occurs, whichever year is higher.
Found in PARKVALE 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 Base Salary and cash incentive compensation bonus paid to the Executive by the Employers or any subsidiary thereof during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the two calendar years immediately preceding the calendar year in which the Date of Termination occurs.
Found in 2 Contracts from LAUREL CAPITAL GROUP INC
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 cash incentive compensation bonus paid to the Executive by the Employers Corporation, the Bank or any subsidiary thereof of either entity during the calendar year in which the Date of Termination occurs (determined on an annualized basis) or either of the two calendar years immediately preceding the calendar year in which the Date of Termination occurs.
Found in LAUREL CAPITAL GROUP INC contract
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