Highest Average Three-Year Compensation
Highest Average Three-Year Compensation. Means the greatest three fiscal year average of Executive's base salary and regular annual bonus earned in respect of each such fiscal year (excluding any amounts paid under the Company's Long-Term Incentive Plan), determined by using any three consecutive fiscal years over the ten fiscal year period prior to the year in which a Qualifying Termination occurs
Found in
W. R. Berkley Corporation contract
Highest Average Three-Year Compensation. One-third of the aggregate amount of compensation paid to a Participant from the Controlled Group during the three calendar years of the Participant's employment which were the three highest years of annual compensation, including base salary, bonuses payable under the Company's Return on Net Assets Plan (RONA) and Target Incentive Program, any amounts which would otherwise be paid as compensation during a calendar year but which are deferred by a Participant pursuant to any qualified or...
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Found in
Parker-Hannifin contract