Average Base Salary

Example Definitions of "Average Base Salary"
Average Base Salary. Means Executive's average gross base salary over the three year period ending immediately preceding Executive's Date of Termination.
Average Base Salary. Shall mean the Executive's average annual salary during the three (3) calendar year period beginning two (2) years immediately prior to the year of Change of Control and ending with the year in which the Change of Control occurred; provided that if Executive has been employed for less than three (3) years, Average Base Salary shall be determined during that lesser period or if less than one year, the Executive's prevailing salary shall be annualized.
All Definitions