Compensation

Example Definitions of "Compensation"
Compensation. Shall have the meaning ascribed thereto in the Clause 4.1;
Compensation. Shall mean an Employee's base pay exclusive of variable compensation, subject to the Company's discretion to permit inclusion of any form or forms of variable compensation on a uniform, nondiscriminatory, and prospective basis
Compensation. Executive's then current annualized base salary together with any cash incentive compensation opportunity. For purposes of determining the cash incentive compensation, it will be assumed that Executive would have earned the maximum incentive cash bonus amount payable pursuant to the Company and/or Bank's (or a successor entity's, as applicable) cash incentive plan(s) in existence at the time.
Compensation. Shall mean all base straight time gross earnings, bonuses, commissions, overtime payments, and cash-based incentive compensation, but exclusive of any non-cash compensation.
Compensation. An Employee's total compensation, including base pay or regular earnings plus commissions, overtime, and bonuses
Compensation. Shall mean all base straight time gross earnings, commissions, and payments for overtime
Compensation. With respect to any Employee means such Employee's wages, salaries, fees for professional services and other amounts received for personal services actually rendered in the course of employment with the Company or its Designated Subsidiaries to the extent that the amounts are includible in gross income (including, but not limited to, commissions paid to salesmen, compensation for services on the basis of a percentage of profits, tips, and bonuses). Compensation shall exclude (a)(1)... contributions made by the employer to a plan of deferred compensation to the extent that, the contributions are not includible in the gross income of the Employee for the taxable year in which contributed, (2) employer contributions made on behalf of an Employee to a simplified employee pension plan described in Code Section 408(k) to the extent such contributions are excludable from the Employee's gross income, (3) any distributions from a plan of deferred compensation; (b) amounts realized from the exercise of a non-statutory stock option, or when restricted stock (or property) held by an Employee either becomes freely transferable or is no longer subject to substantial risk of forfeiture; (c) amounts realized from the sale, exchange or other disposition of stock acquired under a qualified stock option; (d) other amounts which receive special tax benefits, such as premiums for group-term life insurance (but only to the extent that the premiums are not includible in the gross income of the employee), or contributions made by the employer (whether or not under a salary reduction agreement) towards the purchase of any annuity contract described in Code Section 403(b) (whether or not the contributions are actually excludable from the Employee's gross income); (e) reimbursements or other expense allowances; (f) fringe benefits (cash and noncash); (g) moving expenses; and (h) welfare benefits View More Arrow
Compensation. Shall mean all base gross earnings, standard base and standard incentive line-rate gross earnings and commissions, exclusive of payments for overtime, other incentive compensation, bonuses, business expense reimbursements and other special compensation
All Definitions