Target Bonus. “Target Bonus” shall mean the percentage of the Executive’s Base Salary equal to the Executive’s short-term cash bonus opportunity under the terms of the applicable short-term cash bonus program in which the Executive is entitled to participate in respect of the fiscal year of the Company in which the Termination Date occurs (if any); provided, however, that if the Executive’s employment with the Company is terminated by the Executive for Good Reason as a result of a reduction in the Executive’s Target Bonus, then “Target Bonus” shall mean the Executive’s Target Bonus as in effect immediately prior to such reduction.
Appears in 13 contracts
Samples: Separation Agreement (Abercrombie & Fitch Co /De/), Separation Agreement (Abercrombie & Fitch Co /De/), Agreement (Abercrombie & Fitch Co /De/)
Target Bonus. “Target Bonus” " shall mean the percentage of the Executive’s 's Base Salary equal to the Executive’s 's short-term cash bonus opportunity under the terms of the applicable short-term cash bonus program in which the Executive is entitled to participate in respect of the fiscal year of the Company in which the Termination Date occurs (if any); provided, however, that if the Executive’s 's employment with the Company is terminated by the Executive for Good Reason as a result of a reduction in the Executive’s 's Target Bonus, then “"Target Bonus” " shall mean the Executive’s 's Target Bonus as in effect immediately prior to such reduction.
Appears in 3 contracts
Samples: Agreement (Abercrombie & Fitch Co /De/), Separation Agreement (Abercrombie & Fitch Co /De/), Agreement (Abercrombie & Fitch Co /De/)
Target Bonus. For purposes of this Agreement, “Target Bonus” shall mean means the applicable percentage of Base Salary that Executive was eligible to earn as an Annual Bonus for the year of Executive’s termination, and calculated without giving effect to any reduction in Base Salary equal that would give rise to the Executive’s short-term cash bonus opportunity under the terms of the applicable short-term cash bonus program in which the Executive is entitled right to participate in respect of the fiscal year of the Company in which the Termination Date occurs (if any); provided, however, that if the Executive’s employment with the Company is terminated by the Executive resign for Good Reason as a result of a or any reduction in Base Salary implemented during the Executive’s Target Bonus, then “Target Bonus” shall mean the Executive’s Target Bonus as Change in effect immediately prior to such reductionControl Period.
Appears in 2 contracts
Samples: Employment Agreement (Tracon Pharmaceuticals, Inc.), Employment Agreement (Tracon Pharmaceuticals, Inc.)
Target Bonus. “Target Bonus” shall mean the percentage of the Executive’s Base Salary equal to the Executive’s short-term cash bonus opportunity (equal to a percentage of the Executive’s Base Salary) under the terms of the applicable short-term cash bonus program in which the Executive is entitled to participate in respect of the fiscal year of the Company in which the Termination Date occurs (if any); provided, however, that if the Executive’s employment with the Company is terminated by the Executive for Good Reason as a result of a reduction in the Executive’s Target Bonus, then “Target Bonus” shall mean the Executive’s Target Bonus as in effect immediately prior to such reduction.
Appears in 2 contracts
Samples: Executive Agreement (Pier 1 Imports Inc/De), Executive Agreement (Pier 1 Imports Inc/De)
Target Bonus. “Target Bonus” shall mean the percentage of the Executive’s Base Salary equal to the Executive’s short-term cash bonus opportunity under the terms of the applicable short-term cash bonus program in which the Executive is entitled to participate in respect of the fiscal year of the Company in which the Termination Date occurs (if any); provided, however, that if the Executive’s employment with the Company is terminated by the Executive for Good Reason as a result of a reduction in the Executive’s Target Bonus, then “Target Bonus” shall mean the Executive’s Target Bonus as in effect immediately prior to such reduction.terminated
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