Define: Monthly Base Salary

How is Monthly Base Salary defined in a legal contract?

• Monthly Base Salary means a twelfth of the superior value between the executive's fixed annual wage, not considering any additional forms of payment, at the time of a critical change or conclusion, or during a critical change. Seen in 53 SEC filings.
• Monthly Base Salary means the total fixed annual wage, divided evenly over twelve months. Seen in 17 SEC filings.
• Monthly Base Salary means the annual fixed wage of an actor in the contract, not considering any reduction that forms the basis for a resigned person with a valid cause, as it stood at the time of a qualifying termination, and divided by twelve. Seen in 17 SEC filings.
• Monthly Base Salary means the monthly standard pay to an acceptable executive on the final day of the year, prior to considering any salary reduction agreement and omitting any extra remuneration or compensation of any sort. Seen in 15 SEC filings.
• Monthly Base Salary means an actor's fixed annual wage, divided evenly by twelve. Seen in 14 SEC filings.
• Monthly Base Salary means the actor's monthly standard wage just before a qualifying termination, disregarding any salary cuts that form the basis for a constructive termination. Seen in 12 SEC filings.
• Monthly Base Salary means the executive's annual base salary at the time of employment termination, divided by twelve. Seen in 11 SEC filings.
• Monthly Base Salary means the participant's monthly base salary either before any reduction for a good cause, or on the date of a qualifying termination, whichever is greater. Seen in 11 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of monthly base salary' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Monthly Base Salary means one twelfth of an executive's fixed annual wage.

Relevant Contract Types

• Employment Contracts
• Executive Compensation Agreements
• Consultant Agreements

Relevant Circumstances

• A new executive hire.
• Pay negotiations.
• Agreements involving fixed annual remunerations.

Relevant Sectors

• Human Resources
• Retail Industries
• Information Technology

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Genie Definition 2

• Monthly Base Salary means a worker's standard annual wage, divided by twelve.

Relevant Contract Types

• Part-Time Employment Contracts
• Full-Time Employment Contracts
• Freelance Contracts

Relevant Circumstances

• Hiring part-time or full-time employees.
• Negotiating better pay for employees.
• Formalizing wage agreements for freelancers or consultants.

Relevant Sectors

• Service Industry
• Education
• Finance

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