AVERAGE CASH COMPENSATION

AVERAGE CASH COMPENSATION. Means an amount equal to: (i) the average Base Salary and Performance Bonus paid or payable to Executive annually for the most recent complete fiscal years of employment up to a maximum of three fiscal years; (ii) if Executive has completed one (but not more than one) fiscal year of employment, an amount equal to the Base Salary and Performance Bonus paid or payable to Executive for such complete fiscal year of employment; or (iii) if Executive has not completed at least one fiscal year of... employment, the amount provided for in the second sentence of Section 9(b) hereof. For purposes of calculating Average Cash Compensation, Base Salary shall include any elective salary reductions made by Executive and contributed by the Company on Executive's behalf to the Company's retirement plans. View More

AVERAGE CASH COMPENSATION. Means the average Base Salary and Performance Bonus paid or payable to Executive annually (including in Base Salary for this purpose any elective salary reductions made by the Executive and contributed by the Company on Executive's behalf to the Company's retirement plans) for the most recent full years of employment up to a maximum of three years.