Average Monthly Compensation

Average Monthly Compensation. Shall mean the quotient determined by dividing (A) the sum of (i) the Executive's Base Salary and (ii) Executive maximum Incentive Compensation (as defined in Section 4.2(a)) for the year of termination by (B) twelve (12).

Average Monthly Compensation. Means one-sixtieth (1/60th) of the Employee's base salary and cash bonus from the Company for the highest five (5) calendar years within the last ten (10) completed calendar years preceding the date of the Employee's termination of employment with the Company. In the event the Employee does not have five (5) calendar years of employment, only the number of full months from the date of hire through the December preceding termination of employment shall be used to determine Average Monthly... Compensation. Cash bonus means the cash distributed to the Employee during a calendar year pursuant to the Company "SVA" Shareholder Value Added or similar incentive/bonus compensation program. Base salary and cash bonus for this purpose include any salary reduction deferrals pursuant to a cash or deferred arrangement or a cafeteria plan pursuant to Internal Revenue Code ("Code") Sections 401(k) or 125. View More

Average Monthly Compensation. One-twelfth (1/12) of Average Compensation

Average Monthly Compensation. Shall mean the quotient determined (a) by dividing the sum of the Employee's then current Base Salary (as defined in Section 4.1 hereto) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2(a) hereof) or the average of Incentive Compensation paid over the three previous years (b) by twelve.

Average Monthly Compensation. Shall mean the quotient determined (a) by dividing the sum of the Employee's then current Base Salary (as defined below) and most recently paid Incentive Compensation (as defined below) (b) by twelve.

Average Monthly Compensation. The Average Annual Compensation divided by twelve (12)

Average Monthly Compensation. The quotient determined by dividing the sum of the Executive's then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Non-Equity Incentive Compensation (as defined in Section 4.2 hereof) or the average of Non-Equity Incentive Compensation paid over the three most recent years by twelve.