Accrued Bonus definition

Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Accrued Bonus means the sum of (A) any unpaid but vested Bonus for the fiscal year ending before Termination Notice is given and (B) any excess of (i) your target Bonus for the fiscal year in which Termination Notice is given multiplied by the number of days of your employment since the fiscal year ending before Termination Notice is given divided by 365 over (ii) any Bonus paid to you for a fiscal year ending after Termination Notice is given.

Accrued Bonus means a Participant’s accrued, but unpaid as of a Participant’s Termination Date, annual cash bonus for any completed fiscal year of the Company preceding a Participant’s Termination Date.

Examples of Accrued Bonus in a sentence

• Earned and Accrued Bonus specifically includes, without limitation, any cash payments payable to Executive under the Bonus Plan and any Equity Compensation that is awarded and vested.

• If your employment terminates as a result of your Death or Disability, MF Global will pay your Accrued Compensation, Earned Bonus and Accrued Bonus and will provide your Other Benefits and Accelerated Vesting.

• Accrued Bonus shall be calculated as one hundred percent of Base Salary multiplied by the fraction (x) of the number of days in the calendar year up to last day of the second calendar month following the month in which the Executive was transferred to disability status divided by (y) 365 days.

• Notwithstanding any other provision of this Section, no Accrued Bonus shall be payable pursuant to this Section 8(c) for any Prior Bonus Year with respect to which a bonus amount was paid to and accepted by the Executive.

• Accrued Bonus shall be calculated as one hundred percent of Base Salary multiplied by the fraction (x) of the number of days in the calendar year up to last day of the second calendar month following the month in which Executive died divided by (y) 365 days.

More Definitions of Accrued Bonus

Accrued Bonus shall be determined using the number of days in the applicable calendar year that the Employee was employed by the Company and the applicable performance criteria under the bonus plan, in each case through the date of termination or resignation) through and including the date of termination or resignation, as well as any unreimbursed expenses. Except to the extent required by the terms of any applicable compensation or benefit plan or program or as otherwise required by applicable law, the Employee shall have no rights under this Agreement or otherwise to receive any other compensation or to participate in any other plan, program or arrangement after such termination or resignation of employment with respect to the year of such termination or resignation and later years.

Accrued Bonus means, to the extent not previously awarded or paid, your Bonus for the fiscal year in which your termination of employment occurs based on the achievement of actual performance goals (taking into account, to the extent consistent with any applicable requirements of Section 162(m) of the Code, the status of such performance goals at the date of termination and disregarding any subjective performance goals and any other exercise by the Board or any committee thereof of negative discretion) multiplied by the number of days of your employment since the fiscal year ending before such date of termination divided by 365.

Accrued Bonus is defined in Section 5(b)(i).

Accrued Bonus means an annual cash performance bonus for a calendar year ended prior to the year which includes the Termination Date: (a) with respect to which the Compensation Committee determines, in its reasonable discretion, that the performance goals, conditions or metrics related thereto have been achieved by a Participant; and (b) which has not been paid to such Participant on or before such Participant’s Termination Date.

Accrued Bonus means the bonus, which is calculated in the manner set forth in Section V.A. below.

Accrued Bonus determined as of Executive’s Date of Termination means any bonus or other cash incentive compensation earned or accrued on the Company’s books as of or through the Date of Termination in accordance with this Section 3.5. In making this calculation, to the extent applicable: (i) Executive’s based compensation or other earnings will be based on actual earnings through the Date of Termination (determined without regard to any reduction therein constituting Good Reason within the meaning of Section 2.7(b)), (ii) any individual contribution percentage or individual performance factor will be set at 100%, and (iii) any Company performance factors will be based on those used to calculate bonus accruals for the most recently completed fiscal quarter of the fiscal year in which the Date of Termination falls, unless the Date of Termination falls within the Company’s first fiscal quarter of the fiscal year, in which case any Company performance factors will be calculated as reasonably determined by the Company in good faith.

Accrued Bonus means a pro-rated amount equal to the product of (i) the annual incentive compensation Executive would have been entitled to receive under Paragraph 3(b) for the calendar year in which his active service for the Company terminates pursuant to Paragraph 7(a) had he remained employed for the entire year and assuming that the performance requirements to receive a bonus at (but not above) target for such year had been met, multiplied by (ii) a fraction, the numerator of which is equal to the number of days in such calendar year occurring on or prior to the- termination of Executive's active service for the Company and the denominator of which is 365.