Average Annual Compensation

Average Annual Compensation. The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average amount of Base Salary and cash bonus paid to the Executive by the Employer or any subsidiary thereof during the most recent five calendar years preceding the Date of Termination (or such shorter period as the Executive was employed).

Average Annual Compensation. The Executive's "Average 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 Base Salary, bonuses, director's fees, if applicable, and all... other amounts taxable to the Executive pursuant to any employee benefit plans of the Employers. View More

Average Annual Compensation. The Executive's "Average 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, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

Average Annual Compensation. Shall mean, as of any date, the arithmetic average of the base salary and annual bonuses received by the Employee with respect to the three most recently completed calendar years; provided, however, if the Employee has compensation for less than three completed calendar years but at least two completed calendar years, Average Annual Compensation shall mean the arithmetic average of the base salary and annual bonuses received by the Employee with respect to the two most recently completed... calendar years, and if the Employee has less than two completed calendar years of compensation, Average Annual Compensation shall mean base salary and annual bonus received by the Employee with respect to the most recently completed calendar year. View More

Average Annual Compensation. The Executive's "Average 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, as reflected in the annual W-2 and Tax Statement provided to the Executive.

Average Annual Compensation. Shall mean the average annual compensation reported in Box 1 on Internal Revenue Service Form W-2 (or its equivalent) for the two preceding calendar years, but excluding amounts realized from the transfer or exercise of non-qualified stock options and amounts realized from any disqualifying dispositions of incentive stock options.

Average Annual Compensation. The Executive's "Average 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 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. View More

Average Annual Compensation. The average of all taxable compensation and fringe benefits paid to or on behalf of the Executive by Company, based on the two (2) most recent calendar years.

Average Annual Compensation. The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average amount of compensation paid to the Executive by the Employers and any parent or subsidiary thereof during the most recent three calendar years immediately preceding the year in which the Date of Termination occurs and included in the Executive's gross income for tax purposes.

Average Annual Compensation. The Officer's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average amount of Base Salary and cash bonus paid to the Officer by the Employer or any subsidiary thereof during the most recent five calendar years preceding the year in which the Date of Termination occurs (or such shorter period as the Officer was employed).