Highest Annual Compensation Amount

Highest Annual Compensation Amount. Shall mean the highest compensation during any twelve (12) month period during the three (3) calendar years immediately preceding the termination of the Employee paid to or earned by the Employee, including all amounts of the Employee's base salary that are deferred under the qualified and non-qualified employee benefit plans of the Parent or any other agreement or arrangement and all bonuses earned by the Employee during such period, or if the Employee has been employed by Parent for less than... three (3) calendar years prior to termination, for such lesser period of time. The Compensation Committee of the Board of Directors shall determine, taking into consideration Company performance, target bonus amounts and other factors, the amount that shall be included as a bonus, if any, for purposes of this calculation if the Employee has not been employed by Parent for a period of time during which bonuses have been paid. View More