Base Annual Salary

Base Annual Salary. Shall be equal to the greater of: i. the employee's annual salary excluding bonuses and special incentive payments on the date of the earliest Change of Control to occur during the Covered Period, or ii. the employee's annual salary excluding bonuses and special incentive payments on the date of the Employee's termination of employment from the Company or an Affiliate.

Base Annual Salary. Executive's annualized base salary in effect immediately prior to the Termination Date. Base Annual Salary does not include variable forms of compensation such as but not limited to bonuses, incentive compensation, commissions, benefits, equity, expenses, or expense allowances.

Base Annual Salary. The annual cash compensation which would be required to be reported (if not deferred) on the Executive's Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, restricted stock, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, and automobile and other allowances paid to the Executive for employment services rendered (whether or not such allowances are included in the Executive's... gross income). View More

Base Annual Salary. Means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).