Gross Compensation
Gross Compensation. Means the 5-year average annual base salary plus annual bonus earned by the Executive from the Corporation during the last five (5) completed fiscal years of the Corporation immediately preceding the Executive's Date of Termination (annualized in the event Executive was not employed by the Corporation for the whole of any such fiscal year) as reported in the Executive's W-2 earnings.
Found in
SECOND BANCORP INC contract
Gross Compensation. Means base compensation plus commissions, overtime pay and cash bonuses.
All Definitions
Found in
NATIONAL DENTEX CORP contract