Annual Bonus Election Date definition

Annual Bonus Election Date means, for any Fiscal Year, November 30 of the Plan Year (or such other date as selected by the Committee or its appointed representative, provided that the Committee or its appointed representative shall not select any such other date with respect to a Fiscal Year unless the date (1) is established and communicated to Eligible Employees by the date two months prior to the last day of the Fiscal Year, (2) does not change after the date two months prior to the last day of the Fiscal Year, (3) is the same date for all Eligible Employees and (4) is no later than the last day of the Fiscal Year or such earlier date as the Committee or its appointed representative determines is necessary to be satisfied that, for income tax purposes, no Participant may be in constructive receipt of any Compensation deferred under this Plan.
Sample 1
Annual Bonus Election Date means, for any Fiscal Year, November 30 of such Fiscal Year (or such other date as selected by the Committee or its appointed representative, provided that the Committee or its appointed representative shall not select any such other date with respect to a Fiscal Year unless the date, (1) is the same date for all Eligible Employees and (2) is no later than the last day of the Fiscal Year or such earlier date as the Committee or its appointed representative determines is necessary to be satisfied that, for income tax purposes, no Participant may be in constructive receipt of any Compensation deferred under this Plan.
Sample 1

Examples of Annual Bonus Election Date in a sentence

  • A Participant may make changes in his/her previously made deferral election for an Annual Bonus otherwise expected to be payable to him/her for services rendered in the Fiscal Year up to and including the Annual Bonus Election Date.

  • If an Eligible Employee fails to give such written notice of election by the Annual Bonus Election Date, such failure will be deemed an election not to defer any Annual Bonus payable to him/her for services rendered in the Fiscal Year.

  • If an Eligible Employee fails to give such written notice of election by the Annual Bonus Election Date, or LTIP Award Election Date as applicable, such failure will be deemed an election not to make a Deferred Equity Swap with respect to amounts otherwise payable to him for services rendered in such Fiscal year or LTIP Cycle, as applicable.

  • A Participant may make changes in his/her previously made Deferred Equity Swap election no later than the Annual Bonus Election Date or LTIP Award Election Date, as applicable.

  • CDIC adopted a web-based word processing system and adjusted the reporting formats of various information application systems in accordance with the Executive Yuan's promotion of a horizontal writing format for government documents.

  • Each Eligible Employee shall give written notice to the Committee or its appointed representative, of his/her election to defer all or any portion of the Annual Bonus expected to be payable to him/her for services rendered in the Fiscal Year that ends nearest to the end of any Plan Year, no later than the Annual Bonus Election Date.

  • Each Eligible Employee shall give written notice to the Committee or its appointed representative of his/her election to defer (in the form of a Deferred Equity Swap) all or any portion of the Eligible Employee's Equity Swap Common Shares otherwise payable to him/her for services rendered pursuant to an Equity Swap with respect to an Annual Bonus or LTIP Award, no later than the Annual Bonus Election Date or LTIP Award Election Date, as applicable.

Related to Annual Bonus Election Date

  • Target Annual Bonus as of any date means the amount equal to the product of Base Salary determined as of such date multiplied by the percentage of such Base Salary to which Executive would have been entitled immediately prior to such date under any Bonus Plan for the Annual Performance Period for which the Annual Bonus is awarded if the performance goals established pursuant to such Bonus Plan were achieved at the 100% level as of the end of the Annual Performance Period.

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Deferral Year means each calendar year during which the Trustee makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Plan Year means the calendar year.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.