Base Monthly Compensation. Means: (i) In the case of a Participant who is compensated on an hourly basis, the amount determined by (x) multiplying such person's base hourly rate (i.e. excluding overtime, shift differential and the like) by (y) one hundred seventy-three and one-third (i.e. equivalent to forty hours times fifty-two weeks, divided by twelve months), and (ii) In the case of other Participants, the base monthly compensation actually paid to such employee plus (x) in the case of a Participant who
... is eligible to participate in the I.C. Plan, one-twelfth of the Annual Bonus applicable to such Participant, based on such Participant's job level and annual compensation, or (y) in the case of a salesman who is regularly compensated through a sales incentive program, one-twelfth of such Participant's Annual Sales Incentives. As used in this Section 2 of the Plan, "Annual Bonus" means the greater of (i) the annual target bonus under the I.C. Plan attributable to the Participant, or (ii) said annual target bonus times a fraction equivalent to the average percentage of said annual target bonus paid to said Participant for each of the two preceding fiscal years of the Company (or for such lesser period of time as such Participant participated in the I.C. Plan); and "Annual Sales Incentive" means the greater of (i) the annual cash sales incentives such Participant would earn by meeting "base or target" sales results, or (ii) said annual cash sales incentives times a fraction equivalent to the average percentage of said annual cash sales incentives paid to said Participant for each of the two preceding fiscal years of the Company. 1
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