MAXIMUM BONUS. The term “Maximum Bonus” shall mean the maximum amount of compensation Employee may earn under the Company’s annual bonus incentive plan for the fiscal year in which the Termination occurs, or if the Company has not specified a maximum amount for such year, for the last year in which the Company had specified such a maximum amount; provided, however, that in no event shall “Maximum Bonus” mean an amount less than two (2) times Target Bonus.
Appears in 6 contracts
Samples: Confidentiality Agreement (Pride International Inc), Confidentiality Agreement (Pride International Inc), Confidentiality Agreement (Pride International Inc)
MAXIMUM BONUS. The term “"Maximum Bonus” " shall mean the maximum amount of compensation Employee may earn under the Company’s annual bonus incentive plan for the fiscal year in which the Termination occurs, or if the Company has not specified a maximum amount for such year, for the last year in which the Company had specified such a maximum amount; provided, however, that in no event shall “"Maximum Bonus” " mean an amount less than two (2) times Target Bonus.
Appears in 1 contract
Samples: Confidentiality Agreement (Pride International Inc)
