Annual Bonus Compensation definition
Examples of Annual Bonus Compensation in a sentence
For avoidance of doubt, the Maximum Annual Bonus Compensation shall not include (i) the Annual Base Salary and (ii) any payment made during a relevant fiscal year in respect of performance measures related to prior years.
Any Annual Bonus Compensation payable hereunder shall be paid no later than March 15 of the calendar year following the calendar year in which such cash bonus shall cease to be subject to a substantial risk of forfeiture under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).
Such Annual Bonus Compensation shall be determined in accordance with the terms and provisions of the Bonus Program and shall be payable within ten (10) days of the completion of the audited financial results of the Company.
First year Annual Bonus Compensation is guaranteed at 100% without references to performance criteria.
The introductory paragraph to Section III.B. of the Agreement is hereby amended in its entirety to read as follows: Annual Bonus Compensation Opportunities.
Such Annual Bonus Compensation shall be based upon such factors as the Board shall deem appropriate.
If your employment is terminated by the Company without Cause following Change of Control or you terminate your employment for Good Reason following Change of Control then you will be eligible to your Annual Bonus Compensation pro rated for partial years of service.
The Executive’s Annual Bonus Compensation for any year shall be payable in cash no later than March 15 of the next succeeding year.
The parameters of the award made under AIP shall be determined by the Board and substantially similar parameters shall apply with respect to any component of the Annual Bonus Compensation awarded outside the AIP.
Notwithstanding the foregoing, Annual Bonus Compensation shall not include any stock option received by the Employee from the Company nor any cash received or income reported by the Employee as a result of stock options received from the Company.