Average Annual Compensation

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 and which was either (i) included in the Executive's gross income for tax purposes, including but not limited to Base Salary, bonuses and amounts taxable to the Executive under any qualified or non-qualified employee... benefit plans of the Employers, or (ii) deferred at the election of the Executive. View More

Average Annual Compensation. Means the average level of compensation paid to Executive by the Company and any subsidiary of the Company during the most recent three calendar years preceding the Date of Termination, including base salary, bonuses, and Company contributions to 401(k), deferred compensation, pension and other retirement plans. Annual compensation excludes stock-based compensation.

Average Annual Compensation. The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of the following compensation provided to the Executive by the Employers or any subsidiary thereof during the most recent three taxable years preceding the year in which the Date of Termination occurs: (i) compensation included in the Executive's gross income for tax purposes, (ii) any income earned and deferred by the Executive pursuant to any plan or arrangement of the ... Employers, (iii) matching contributions from the Employers to the Executive's account under the Retirement Savings Plan, and (iv) contributions from the Employers to the Executive's account under the Excess Benefit Plan. View More

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.

Average Annual Compensation. The average (mean) W-2 compensation for the highest three (3) years of W-2 compensation