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Common use of Average Compensation Clause in Contracts

Average Compensation. Average Compensation" shall mean an amount equal to the sum of: (1) the then current base salary of the Employee; plus

Appears in 2 contracts

Sources: Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc)

Related Clauses

  • Annual Compensation
  • Final Compensation
  • Average Annual Compensation
  • Total Compensation
  • Maximum Total Compensation

Parent Clauses

  • Definitions
  • Cash Payment
  • Miscellaneous
  • Counterparts; Headings
  • Waiver of Participation

Sub-Clauses

  • Employment Period
  • Averaging Period
  • Measuring Period
  • Beneficiaries Considered Contingent Until Death Of Participant
  • Beneficiary Designations By A Participant
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