Threshold Performance. The amount of Performance Bonus earned by the Executive shall be decreased by 6.67% of the Target Bonus for every percentage of performance that is less than the target performance goals for the year in question (rounded to the nearest percentage).
Appears in 2 contracts
Sources: Employment Agreement, Employment Agreement (Allison Transmission Holdings Inc)
Threshold Performance. The amount of Performance Bonus earned by the Executive shall be decreased by 6.675% of the Target Bonus Annual Base Salary for every percentage of performance that is less than the target performance goals for the year in question (rounded to the nearest percentage).
Appears in 1 contract
Sources: Employment Agreement (Allison Transmission Holdings Inc)