Monthly Compensation

Monthly Compensation. (i) with respect to a Participant paid on a salary basis, the Participant's current annual salary divided by 12; (ii) with respect to a Participant paid on an hourly basis, the Participant's current hourly rate times the number of hours he or she is regularly scheduled to work per week multiplied by 52 and then divided by 12; (iii) with respect to a Participant, employed more than three years with a Participating Employer, who is paid, in whole or in part, on commission, the Participant's... current base wages or salary plus the Participant's Average Commission Amount divided by 12; (iv) with respect to a Participant, employed less than three years with a Participating Employer as a Financial Advisor, Monthly Compensation shall be established by the Compensation Schedule outlined in Schedule "C"; or (v) with respect to a Participant, employed less than three years with a Participating Employer as a Sales Assistant, who is paid, in whole or in part, on commission, the Participant's base wages or salary plus the Participant's Average Commission Amount divided by 12. View More