average annual compensation
Defined in 1 place of the United States Code.
The term “average annual compensation” means the participant's highest average annual compensation for—
(i) any period of at least 3 consecutive years, or
(ii) if shorter, the participant's full period of service.
Source
- 1994–present26 U.S.C. § 401Internal Revenue Code · Qualified pension, profit-sharing, and stock bonus plans · for purposes of this title