Compensation

Compensation. Means all earnings reported as wages on Form W-2, including straight time pay, payments for overtime, shift premiums, incentive compensation, incentive payments, bonuses, commissions and other compensation, but excluding any compensation recognized in connection with any Company equity awards.

Compensation. Means any Annual Retainer and meeting fees payable by Constellation Energy Group to a participant in his/her capacity as a Director. Compensation excludes expense reimbursements paid by Constellation Energy Group to a participant in his/her capacity as a Director.

Compensation. The Eligible Employee's earnings per pay period that are required to be reported in the Wages, Tips and Other Compensation box of Form W-2. Compensation includes bonuses, commissions, overtime pay and other extra compensation, unless the Eligible Employee notifies the Human Resources Department at least five business days in advance that a particular bonus shall not be included as Compensation. Compensation includes compensation excluded from taxable income in ... connection with a Section 125 cafeteria plan, a Section 401(k) cash or deferred arrangement, or other elective deferral. Compensation excludes compensation from restricted stock and from the exercise of stock options. View More

Compensation. Shall mean a Participant's base compensation (as determined by the Committee) for the specified period and shall exclude any non-recurring compensation such as bonus payments.

Compensation. Shall mean the sum of (i) the Executive's annual rate of base salary on the last day the Executive was an employee of the Company (or if higher, the annual rate in effect on the date of the Change in Control), including any elective contributions made by the Company on behalf of the Executive that are not includible in the gross income of the Executive under Sections 125 or 402(a)(8) of the Code or any successor provision thereto, (ii) any and all amounts to be paid to the Executive annually... for membership on the Board of Directors or any Committee thereof, and (iii) the average of the annual incentive payments paid to the Executive by the Company, if any, for the three consecutive calendar years immediately preceding employment termination (or a lesser period if the Executive was not eligible to receive annual incentive payments during such three year period). View More

Compensation. Means, for participating employee, the cash compensations paid by the Bank or the Company for the performance of services and, for a Director, the retainer fees and/or meeting fees payable in connection with his or her service on the Board or the board of directors of the Company for any Plan Year.

Compensation. A Participant's Salary and Bonus. Compensation (either Salary or Bonus) shall not include (a) any amounts paid by the Company to a Participant that are not strictly in consideration for personal services, such as expense reimbursement, cost-of-living allowance, education allowance, premium on excess group life insurance, or any Company contribution to the Pension Plan or any savings or 401(k) plan sponsored by the Company or (b) any amounts paid as the result of a Participant's Separation from... Service, such as pay for unused paid time off, severance, or pay in lieu of notice; the fact that an amount constitutes taxable income to the Participant shall not be controlling for this purpose. Compensation shall not include any taxable income realized by, or payments made to, an employee as a result of the grant, exercise, or payment of any equity award issued by the Company or any affiliate or subsidiary or as a result of the disposition of such equity award, except to the extent the award is payable in cash or the Committee determines that the award shall be included in Compensation for purposes of this Plan. Effective January 1, 2008, "Compensation" shall not include any amount paid as a retention bonus. View More

Compensation. Means, with respect to any Eligible Employee, base salary (subject to such limitations as the Committee shall impose from time to time) and any payment for services performed for the Company as an annual cash performance award or as a multi-year award under the Performance Incentive Plan, or under any future annual or multi-year performance bonus or award arrangement, but excluding any discretionary bonus payable without regard to pre-established performance objectives.

Compensation. Means all compensation paid to an Eligible Employee by the Company or a Participating Subsidiary, including all salary, wages (including amounts elected to be deferred by the Participant, but that would otherwise have been paid, under any cash or deferred arrangement established by the Company or a Participating Subsidiary), overtime pay, commissions, bonuses, and other remuneration paid directly to the Participant; but excluding the cost of employee benefits paid by the Company or a... Participating Subsidiary, education or tuition reimbursements, imputed income arising under any Company or Participating Subsidiary group insurance or benefit program, travel expenses, business and moving expense reimbursements, income received in connection with stock options or restricted stock, contributions made by the Company or any Participating Subsidiary under any employee benefit plan, and similar items of compensation. View More

Compensation. Shall mean Base Salary plus Target Commission.