Common use of Target Annual Bonus Clause in Contracts

Target Annual Bonus. “Target Annual Bonus” shall mean Employee’s target annual bonus that may be earned for performance during the Company’s fiscal year in which a termination occurs; provided, however, that sign-on or other special bonuses shall not be taken into account. If Employee’s Target Annual Bonus has not been set or determined as of the termination date, the “Target Annual Bonus” shall mean Employee’s target annual bonus for the Company’s most recently completed fiscal year.

Appears in 7 contracts

Samples: Management Continuity Agreement (Assertio Holdings, Inc.), Management Continuity Agreement (Assertio Holdings, Inc.), Management Continuity Agreement (Assertio Therapeutics, Inc)

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