Benefit Computation Base

Example Definitions of "Benefit Computation Base"
Benefit Computation Base. The average of the Participant's annual compensation (including base salary, bonus, and any salary reduction amounts deferred pursuant to Sections 401(k) or 125 of the Internal Revenue Code of 1986, as amended, or pursuant to any non-qualified deferred compensation plan) paid during the 36 consecutive calendar months during the Participant's last ten years of employment by the Corporation in which such compensation is the highest
Found in WASHINGTON TRUST BANCORP INC contract
Benefit Computation Base. The Shall mean the average of the Participant's annual compensation (including base salary, bonus, and any salary reduction amounts deferred pursuant to Sections 401(k) or 125 of the Internal Revenue Code of 1986, as amended, or pursuant to any non-qualified deferred compensation plan) amended) paid during the 36 consecutive calendar months during the Participant's last ten years of employment by the Corporation Bank in which such compensation is the highest highest.
Found in Benjamin Franklin Bancorp, Inc. contract
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Benefit Computation Base. Means either (i) the Benefit Computation Base as defined in the Supplemental Retirement Agreement between Executive and the Company or (ii) if there is no Supplemental Retirement Agreement between the Executive and the Company, the base annual compensation amount used in calculating the Executive's benefits under the Retirement Plan.
Found in BANKNORTH GROUP INC contract
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