Common use of Target Bonus Clause in Contracts

Target Bonus. For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

Appears in 6 contracts

Samples: Change of Control (Energizer Holdings, Inc.), Change of Control Agreement (EDGEWELL PERSONAL CARE Co), Change of Control Agreement (EDGEWELL PERSONAL CARE Co)

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Target Bonus. For purposes of this Agreement, “Target Bonus” means the assigned target annual bonus target established for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal yearcalendar year that includes the date on which the Executive’s employment with the Company and its Affiliates terminates. If the Executive’s base salary is changed during target annual bonus has not been established for the relevant fiscal yearExecutive on the date that such employment terminates, the Target Bonus Bonus” shall be calculated by multiplying the Executive’s assigned target annual bonus target by established for the highest base salary in effect during that fiscal Executive for the preceding calendar year.

Appears in 5 contracts

Samples: Severance Agreement (Tredegar Corp), Change in Control Severance Agreement (Tredegar Corp), Change in Control Severance Agreement (Tredegar Corp)

Target Bonus. For purposes of this Agreement, “Target Bonus” means the assigned Executive’s Annual Base Salary multiplied by the higher of (a) the target bonus target percentage in effect for the Executive under any short-term incentive plan(sInvacare’s bonus plan during the fiscal year immediately preceding the fiscal year in which the Change of Control occurs, or (b) of the Company, multiplied by his or her base salary, target bonus percentage in effect for the relevant fiscal year. If the ExecutiveExecutive under Invacare’s base salary is changed bonus plan during the relevant fiscal year, year in which the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal yearChange of Control occurs.

Appears in 4 contracts

Samples: Agreement (Invacare Corp), Agreement (Invacare Corp), Agreement (Invacare Corp)

Target Bonus. For purposes of this Agreement, “Target Bonus” means the assigned target annual bonus target established for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal yearcalendar year that includes the date on which the Executive’s employment with the Company terminates. If the Executive’s base salary is changed during target annual bonus has not been established for the relevant fiscal yearExecutive on the date that such employment terminates, the Target Bonus Bonus” shall be calculated by multiplying the Executive’s assigned target annual bonus target by established for the highest base salary in effect during that fiscal Executive for the preceding calendar year.

Appears in 4 contracts

Samples: Amended and Restated Severance Agreement (Tredegar Corp), Retention Agreement (Hibbett Sports Inc), Severance Agreement (Tredegar Corp)

Target Bonus. For purposes of this Amended Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

Appears in 4 contracts

Samples: Employment Agreement (Energizer Holdings Inc), Change of Control (Energizer Holdings Inc), Employment Agreement (Energizer Holdings Inc)

Target Bonus. For purposes of this Agreement, “Target Bonus" means the assigned Executive's Annual Base Salary multiplied by the higher of (a) the target bonus target percentage in effect for the Executive under any short-term incentive plan(sInvacare's bonus plan during the fiscal year immediately preceding the fiscal year in which the Change of Control occurs, or (b) of the Company, multiplied by his or her base salary, target bonus percentage in effect for the relevant fiscal year. If the Executive’s base salary is changed Executive under Invacare's bonus plan during the relevant fiscal year, year in which the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal yearChange of Control occurs.

Appears in 2 contracts

Samples: Form of Agreement (Invacare Corp), Form of Agreement (Invacare Corp)

Target Bonus. For purposes of this Agreement, "Target Bonus" ------------- means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s 's base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s 's assigned bonus target by the highest base salary in effect during that fiscal year.

Appears in 1 contract

Samples: Change of Control (Energizer Holdings Inc)

Target Bonus. For purposes of this Amended Agreement, "Target ------------- Bonus" means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s 's base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s 's assigned bonus target by the highest base salary in effect during that fiscal year.

Appears in 1 contract

Samples: Change Of (Energizer Holdings Inc)

Target Bonus. For purposes of this Agreement, "Target Bonus" means the assigned percentage bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned percentage bonus target by the highest base salary in effect during that fiscal year.

Appears in 1 contract

Samples: Change of Control (Energizer Holdings Inc)

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Target Bonus. For purposes of this Agreement, “Target Bonus” means an amount equal to Executive’s Base Salary (as in effect immediately preceding the assigned bonus target for the Executive under any short-term incentive plan(sChange of Control) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during target annual incentive percentage under the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary EIP (or any successor plan then in effect during that fiscal yeareffect).

Appears in 1 contract

Samples: Andrew Anagnost Employment Agreement (Autodesk, Inc.)

Target Bonus. For purposes of this Agreement, “Target Bonus” means the assigned Executive’s Annual Base Salary multiplied by the higher of (a) the target bonus target percentage in effect for the Executive under any short-term incentive plan(sInvacare’s bonus plan during the fiscal year immediately preceding the Effective Date or the fiscal year in which the Change of Control occurs, or (b) of the Company, multiplied by his or her base salary, target bonus percentage in effect for the relevant fiscal year. If the ExecutiveExecutive under Invacare’s base salary is changed bonus plan during the relevant fiscal year, year in which the Target Bonus shall be calculated by multiplying Effective Date or the Executive’s assigned bonus target by the highest base salary in effect during that fiscal yearChange of Control occurs.

Appears in 1 contract

Samples: Change of Control Severance Agreement (INVACARE HOLDINGS Corp)

Target Bonus. For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s 's base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s 's assigned bonus target by the highest base salary in effect during that fiscal year.

Appears in 1 contract

Samples: Change of Control (Energizer Holdings Inc)

Target Bonus. For purposes of this Agreement, “Target Bonus” means shall mean the assigned bonus target for percentage of the Executive under any Executive’s Base Salary equal to the Executive’s short-term incentive plan(s) cash bonus opportunity under the terms of the Company, multiplied by his or her base salary, for applicable short-term cash bonus program in which the relevant Executive is entitled to participate in respect of the fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.year of

Appears in 1 contract

Samples: Agreement (Abercrombie & Fitch Co /De/)

Target Bonus. For purposes of this Agreement, The term “Target Bonus” means the assigned bonus higher of (i) the target cash award opportunity as a percentage of the Executive’s annual base salary under the Company’s annual short term incentive compensation plan in effect for the Executive under any short-term incentive plan(simmediately prior to the Change in Control and (ii) the target cash award opportunity as a percentage of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s annual base salary is changed during under the relevant fiscal year, the Target Bonus shall be calculated by multiplying the ExecutiveCompany’s assigned bonus target by the highest base salary annual short term incentive plan in effect during that for the Executive for the fiscal yearyear in which the Qualifying Termination occurs.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Verisk Analytics, Inc.)

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