Excess Compensation

Example Definitions of "Excess Compensation"
Excess Compensation. The excess, if any, of (1) the Eligible Employee's compensation for the calendar year that would constitute Base Compensation, as defined in the Qualified Plan, but for any statutory limitations on the amount of Base Compensation, over (2) the Recognized Compensation.
Excess Compensation. The amount by which a Participant's Total Compensation exceeds the Participant's Compensation (as defined in Section 11.4 of the RSP).
Excess Compensation. Any cash, Equity Securities, other property or other remuneration (including perquisites) payable to any Stockholder during the twelve (12) month period subsequent to the closing of a Sale Transaction (collectively, "Remuneration"), including any Remuneration related to future performance or payable subsequent to the closing of such Sale Transaction in excess of the sum of (a) 100% of the aggregate compensation in the form of salary and bonus (but excluding equity-based compensation) actually... paid by the Company for services rendered by such Stockholder during the previous twelve (12) full months, plus (b) any consideration received by such Stockholder as a holder of Equity Securities in accordance with the distribution provisions of the Articles (other than consideration received in connection with a Sale Transaction); provided, that, with respect to any Remuneration payable or potentially payable subsequent to the closing of the applicable Sale Transaction, the value of such Remuneration shall be determined at the closing of the Sale Transaction (with any unliquidated or contingent payments equal to the maximum amount that may be payable), discounted at the time of such Sale Transaction at the Prime Rate. Excess Compensation does not include that portion of any equity based compensation resulting from an increase in the value of the equity underlying such compensation that occurs after the closing of a Sale Transaction View More
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