Highest Monthly Compensation

Highest Monthly Compensation. One-twelfth (1/12) of the highest amount of your compensation for any twelve (12) consecutive calendar-month period during the thirty-six (36) consecutive calendar-month period prior to the month that includes the Date of Termination. For purposes of this definition, "compensation" means the amount reportable by the Company, for federal income tax purposes, as wages paid to you by the Company, increased by the amount of contributions made by the Company with respect to you under any... qualified cash or deferred arrangement or cafeteria plan that is not then includable in your income by reason of the operation of section 402(a)(8) or section 125 of the Code, and increased further by any other compensation deferred for any reason, including, without limitation, amounts deferred (whether vested or nonvested) pursuant to the Company's Executive Incentive Bonus and Deferred Compensation Plan. 5 View More