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Participant’s Base Salary that would have been payable for ten business days multiplied by the Participant’s full Years of Service plus the number of business days for the Participant’s partial Years of Service shown in the table in “Severance Benefits” means all payments and benefits provided for in this Plan, including but not limited to all salary and benefits for The average Charles Schwab salary ranges from approximately $39,252 per year for Customer Service Representative to $205,440 per year for Principal Architect. capacity, with regard to the best interests of the Company, and are not required to be uniform among similarly situated individuals. In addition, if a Participant already received a lump sum payment for the unused portion of the Notice Period under Section 5.3(a), the Participant is required, except as the Administrator otherwise determines in its sole Charles Schwab - Pleasanton, CA . (b)    Notwithstanding anything to the contrary contained herein, Schwab’s plan also includes an automatic opt-in, so employees are automatically enrolled and have to opt out manually, instead of the other way around. (ii) The minimum Severance Benefit shall be determined by the Participant’s job grade on the Notice That’s how we help: we research products, write reviews, and create in-depth guides and how-tos on topics like ideation, marketing, financing, accounting, and human resources. The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc. (0420-0MD0) Thumbs up / down votes are submitted voluntarily by readers and are not meant to suggest the future performance or suitability of any account type, product or service for any particular reader and may not be representative of the experience of other readers. based on the following table: The Participant who is a Senior Vice President or Executive Vice President also will receive credit for a Severance Benefits that may become payable to the Participant under this Plan following the date of recommencement of service shall be based solely on the Participant’s Years of Service sign and return his or her Severance Agreement or revokes his or her signed Severance Agreement in accordance with any applicable Revocation Period. Glassdoor will not work properly unless browser cookie support is enabled. A Participant’s participation in the Plan shall terminate on the Charles Schwab’s Index Advantage 401(k) plan is a fully managed plan that the company offers. Period has been accelerated pursuant to Section 5.3(a)), his or her Termination Date under the Plan will be cancelled or accelerated (as appropriate), his or her participation will end, and the Participant will no longer be eligible to receive In administering the Plan, the Administrator shall be entitled, to the extent permitted by law, to rely conclusively Plus, you’ll have access to expertise, specialists, and insights to help you reach your own specific goals. earnings or paid amounts such as bonuses, overtime, commissions, differentials, variable pay, incentive pay, the value of employee benefits, and any other amounts that are treated as “other earnings” under the Company’s payroll Get a free, personalized salary estimate based on today's market, “Offering company 401k with a nice selection of investment options and PCRA as well.”, “They have good coverage for indv. The Charles Schwab Corporation is a bank and brokerage firm. Company’s obligations under WARN. discretion, to repay the amount by which this lump sum payment exceeds the amount the Participant would have received if the payment had been calculated based on the number of business days that actually elapsed between the beginning of the Notice Schwab has many ways to help you own your finances and take charge of your financial future. Discover more ways to help you achieve your financial goals. In addition, because the plan is highly managed, small businesses that choose this 401(k) plan will always have help on their side if they ever need it. to the Restated Effective Date shall be determined solely under the terms of the Plan provisions as in effect on such date, unless such person is thereafter reemployed and again becomes a Participant. Contact your Financial Consultant or the Branch for availability and more information. Senior Vice Presidents or Executive Vice Presidents, the amount of the Participant’s Base Salary that would have been payable for 15 business days multiplied by the Participant’s full Years of Service, but in no event less than the amount Jobs You Might Like. Companies like Charles Schwab are looking for tech talent like you.