Average Compensation

Average Compensation. Shall mean the amount determined by dividing by three (3) the total monetary compensation earned by the Executive from the Bank and its affiliates and subsidiaries (or any successors thereto by merger or purchase) during the three annual periods in the ten year period prior to his Separation from Service that results in the largest total, including but not limited to salary, bonuses and incentive ... compensation (but excluding specifically stock-based compensation, such as restricted stock, stock options and stock appreciation rights). An annual period shall consist of any twelve (12) month consecutive period not including any portion of another twelve (12) month period. View More

Average Compensation. One-sixtieth of the total taxable compensation that you receive from the Company, as an Employee or otherwise, as reported on your W-2 form and other federal income tax forms for the five consecutive calendar years of service to the Company or any affiliated corporation that yield the highest result, disregarding years that end more than ten years before your separation from service. During a period of total and permanent disability, your ... earnings for each year shall be your base salary for the year in which your total disability begins. View More

Average Compensation. Means the average of the three highest amounts of annual total compensation received by Cohen during any of the then current calendar year (on an annualized basis) and the then preceding eight (8) calendar years. 7

Average Compensation. Means the average of the Executive's W-2 wages from the Company for the five (5) calendar years or fewer number of calendar years completed immediately prior to the calendar year in which the Change in Control is effected.

Average Compensation. Shall mean the amount determined by dividing by three (3) the higher of (i) the amount show in Box 1 of Form W-2; or (ii) the amount that would have been shown in Box 1 of Form W-2, had the Executive been receiving his "base salary" as set forth in his employment agreement rather than an agreed upon lower base salary, but in either case (excluding taxable income attributable to any restricted stock awards, stock options, stock appreciation rights or any... other awards made under any equity plan maintained by the Bank or its affiliates) earned by the Executive from the Bank and its affiliates and subsidiaries (or any successors thereto by merger or purchase) during the three calendar years in the ten year period prior to his Separation from Service that results in the largest total. View More

Average Compensation. Shall mean the amount determined by dividing by three (3) the total compensation reported in Box 1 of Form W-2 (excluding taxable income attributable to any restricted stock awards, stock options, stock appreciation rights or any other awards made under any equity plan maintained by the Bank or its affiliates) earned by the Executive from the Bank and its affiliates and subsidiaries (or any successors thereto by merger or purchase) during the three calendar... years in the ten year period prior to his Separation from Service that results in the largest total. View More

Average Compensation. The sum of (i) the annualized Base Salary immediately before the date of termination, plus (ii) the Applicable Bonus.

Average Compensation. The amount determined as of the Benefit Commencement Date by dividing by 36 the total monetary compensation earned by the Executive from the Company and its subsidiaries (or any predecessors or successors thereto by merger or purchase), including but not limited to salary, bonuses and incentive compensation (but excluding specifically stock based compensation, including but not limited to restructured stock, stock options and stock appreciation rights) during the 3 annual periods (whether or... not consecutive) that results in the largest total. An annual period shall consist of any 12 month consecutive period. View More

Average Compensation. The average of a Participant's gross annual compensation, exclusive of any income relating to Company stock, as reported on the Participant's W-2 for the three most recent years ending on or before the Date of Termination (excluding any such year in which the Participant was not employed, and annualizing compensation for any such year in which Participant was employed a partial year).