Final Average Pay

Example Definitions of "Final Average Pay"
Final Average Pay. The term "Final Average Pay" shall mean the aggregated amount of Basic Compensation (as that term is defined in the Lubrizol Pension Plan modified to add cash (but not shares), if any, which the Participant has elected to defer under The Lubrizol Corporation 2005 Deferred Compensation Plan for Officers or under The Lubrizol Corporation 2005 Executive Council Deferred Compensation Plan or, effective January 1, 2006, under The Lubrizol Corporation Senior Management Deferred Compensation Plan,... received by the Participant during the three consecutive calendar years during which such Participant received the greatest aggregate amount of Basic Compensation, as defined above, within the most recent ten years of employment, divided by 36. View More Arrow
Final Average Pay. The Effective, January 1, 1997, the term "Final Average Pay" shall mean the aggregated amount of Basic Compensation (as that term is defined in the Lubrizol Pension Plan modified to add cash (but not shares), if any, which the Participant has elected to defer under The Lubrizol Corporation 2005 Deferred Compensation Plan for Officers (which was adopted effective July 25, 1994) or under The Lubrizol Corporation 2005 Executive Council Deferred Compensation Plan or, (which was adopted effective... January 1, 2006, under The Lubrizol Corporation Senior Management Deferred Compensation Plan, 1997), received by the Participant during the three consecutive calendar years during which such Participant received the greatest aggregate amount of Basic Compensation, as defined above, within the most recent ten years of employment, divided by 36. View More Arrow
Final Average Pay. The Effective, January 1, 1997, the term "Final Average Pay" shall mean the aggregated amount of Basic Compensation (as that term is defined in the Lubrizol Pension Plan modified to add cash (but not shares), if any, which the Participant has elected to defer under The Lubrizol Corporation 2005 Deferred Compensation Plan for Officers (which was adopted effective July 25, 1994) or under The Lubrizol Corporation 2005 Executive Council Deferred Compensation Plan or, (which was adopted effective... January 1, 2006, under The Lubrizol Corporation Senior Management Deferred Compensation Plan, 1997), received by the Participant during the three consecutive calendar years during which such Participant received the greatest aggregate amount of Basic Compensation, as defined above, within the most recent ten years of employment, divided by 36. View More Arrow
Final Average Pay. The Effective, January 1, 1997, the term "Final Average Pay" shall mean the aggregated amount of Basic Compensation (as that term is defined in the Lubrizol Pension Plan modified to add cash (but not shares), if any, which the Participant has elected to defer under The Lubrizol Corporation 2005 Deferred Compensation Plan for Officers (which was adopted effective July 25, 1994) or under The Lubrizol Corporation 2005 Executive Council Deferred Compensation Plan or, (which was adopted effective... January 1, 2006, under The Lubrizol Corporation Senior Management Deferred Compensation Plan, 1997), received by the Participant during the three consecutive calendar years during which such Participant received the greatest aggregate amount of Basic Compensation, as defined above, within the most recent ten years of employment, divided by 36. 2 View More Arrow
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