Maximum Bonus definition

Maximum Bonus means (i) Employee’s maximum bonus under the Company’s annual bonus incentive plan for the fiscal year in which a Covered Termination occurs as determined in accordance with Section 3.04b or (ii) if the Company has not specified a maximum bonus for such year, Employee’s maximum bonus under the Company’s annual bonus incentive plan for the last year in which the Company had specified such a maximum bonus, or (iii) if the Company has not specified a maximum bonus in the year of the Covered Termination or in a previous year, the maximum bonus identified in Section 3.04b.

Maximum Bonus means the maximum annual incentive award opportunity described in Section 5 below.

Maximum Bonus means the maximum bonus each Eligible Employee may earn if all of the milestones in Section 3.7 occur. For the avoidance of doubt, CRO shall consult with Administrative Agent with regard to the Maximum Bonus for each Eligible Employee, and the amount of such payments individually and in the aggregate must be consented to by Administrative Agent, such consent not to be unreasonably withheld. The aggregate amount of the Maximum Bonus for all Eligible Employees shall not exceed the product of $60,625 times the number of Calendar Months that Service Provider provides services under this Agreement commencing with the March 2019 Calendar Month, which the total amount for the four-month Term of this Agreement is $242,500.

Examples of Maximum Bonus in a sentence

• Maximum Bonus (exclusive of a signing bonus) – Authority to negotiate an increase of up to 15 percent or $30,000, whichever is higher, on all incentives or bonuses.

• This authority applies the 15 percent limit to the overall cumulative total (before and after negotiation) for Maximum Bonus under the new and old contracts.

• The fourth, and largest percentage of the Maximum Bonus, is earned by ensuring that (i) the Group 1 Asset Sales close within forty-five (45) calendar days of the Petition Date, and (ii) the Group 2 Asset Sales close within eighty-nine (89) calendar days of the Petition Date.

• Finally, the last 10% of the Maximum Bonus requires the Eligible OpCo Employees to work ninety-five percent (95%) of all Business Days from the Petition Date to and including the Plan Effective Date, ensuring that the Eligible OpCo Employees stay engaged instead of focused on their next endeavor.

• Levine M.M., Ferreccio C., Prado V., Cayazzo M., Abrego P., Martinez J., Maggi L., Baldini M.M., Martin W., Maneval D.: Epidemiologic studies of Escherichia coli diarrheal infections in a low socioeconomic level peri-urban community in Santiago, Chile.

More Definitions of Maximum Bonus

Maximum Bonus shall have the meaning set forth in Section 5(b).

Maximum Bonus means the highest aggregate Annual Bonus or incentive payment paid by the Company (or any predecessor of the Company) to the Executive for any of the three calendar years prior to the year the Date of Termination occurs and (ii) the “Pro rata Portion” of the Executive’s Maximum Bonus shall be calculated by multiplying the Maximum Bonus by a fraction, the numerator of which shall be the number of calendar days elapsed in the year in which the Date of Termination occurs, up to and including the Date of Termination, and the denominator of which shall be 365.

Maximum Bonus means the greater of (i) the highest aggregate Annual Bonus or incentive payment paid by the Company (or any predecessor of the Company paid for 2004 as disclosed in the prospectus for the initial public offering of the Company’s common stock) to the Executive for any of the three calendar years prior to the year that includes the Date of Termination or (ii) the highest aggregate Annual Bonus or incentive payment that the Executive was eligible to receive for the calendar year that includes the Date of Termination. For purposes of this Agreement, the “Pro Rata Portion” of the Executive’s Maximum Bonus shall be calculated by multiplying the Maximum Bonus by a fraction, the numerator of which shall be the number of calendar days elapsed in the year in which the Date of Termination occurs, up to and including the Date of Termination, and the denominator of which shall be 365.

Maximum Bonus means the greater of (i) the highest aggregate Annual Bonus paid to Executive by the Company (or by Seller, or Seller’s predecessor for 2004 as disclosed in the prospectus for the initial public offering of Seller’s common stock) for any of the three (3) calendar years prior to the year that includes the Date of Termination or (ii) the Target Annual Bonus that Executive was eligible to receive for the calendar year that includes the Date of Termination. In no event shall the Maximum Bonus include the Signing Payment.

Maximum Bonus means the bonus which is payable under a five year Savings Contract, at the earliest, seven years after the starting date of the Savings Contract;

Maximum Bonus means the maximum bonus payable in any year and is calculated assuming all bonus targets or formulas for determining the bonus in such year had been met if Executive and Board had, prior to the Separation Date, agreed on such targets or formulas. If no such targets or formulas have been set as of the Separation Date, then the maximum bonus shall be deemed to be the actual bonus paid to Executive during the preceding fiscal year. Notwithstanding anything herein to the contrary, Maximum Bonus shall not include the Bonus Amount.

Maximum Bonus means that term as defined in Section 4.2.