Common use of Average Compensation Clause in Contracts

Average Compensation. The average of a Participant’s annual Included Compensation during the Averaging Period designated under Part 3, #11 of the target benefit plan Agreement. See Section 2.5(d)(1) for a complete definition of Average Compensation.

Average Compensation. The average of a Participant’s annual Included Compensation during the Averaging Period Period, as designated under in Part 3, #11 of the target benefit plan Agreement. See Section 2.5(d)(1) for a complete If no modifications are made to the definition of Average CompensationCompensation under Part 3, #11, Average Compensation is the average of the Participant’s annual Included Compensation for the three (3) consecutive Plan Years during the Participant’s entire employment history which produce the highest average.