Definitions / Recently Added

“Average Compensation” means the average of a Participant’s gross annual compensation, exclusive of any income relating to Company stock, as reported on the Participant’s W-2 for the three most recent years ending on or before the Date of Termination (excluding any such year in which the Participant was not employed, and annualizing compensation for any such year in which Participant was employed a partial year).

FK Reading Ease
-12.7

FK Grade Level
Graduate School
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  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years (or, if you have been employed by the Company for less than five (5) calendar years, such lesser period of time) completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in your Average Compensation.

    FK Reading Ease
    27.6

    FK Grade Level
    Graduate School
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  • Company Performance Percentage means the amount of success the Company has achieved based on the Company's priorities and other factors deemed appropriate for the semi-annual performance period in the sole discretion and judgment of the Plan Administrator.

    FK Reading Ease
    4.6

    FK Grade Level
    Graduate School
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  • Base Eligible Earnings means the sum of all base wages as determined by the Company (including overtime, retro pay, money paid during a leave of absence by the Company, personal time off (PTO) used during the period and holiday pay as applicable) that Facebook paid the participant during the semi-annual Eligibility Period excluding bonuses, stock gains, commissions, relocation amounts, accrued but unused PTO, expense reimbursements, or benefits.
    FK Reading Ease
    -28.9

    FK Grade Level
    Graduate School
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