Annual Performance Based Bonus definition

Annual Performance Based Bonus means an annual bonus under ESCO’s Performance Compensation Plan adopted August 2, 1993, amended and restated February 4, 2019 and any subsequent amendments following the date of this Agreement (the “PCP”) computed utilizing the Executive’s PCP Bonus Target and subject to the terms of such PCP plan. ​
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Annual Performance Based Bonus means an annual bonus under ESCO's Performance Compensation Plan adopted August 2, 1993, amended and restated February 4, 2019 and any subsequent amendments following the date of this Agreement (the "PCP") computed utilizing the Executive's PCP Bonus Target and subject to the terms of such PCP plan.
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Annual Performance Based Bonus means an annual bonus that meets the requirements for qualification as “performance based” under Section 409A of the Code (as in effect from time to time) with respect to that Participant, which requirements generally include, as of the date hereof: (i) that receipt of the bonus be contingent on meeting specified performance criteria, (ii) the performance criteria be specified in writing, (iii) the service period be at least 12 months, (iv) the performance criteria be established no later than 90 days after commencement of the service period, (v) the outcome of the performance criteria are not substantially certain when established, and (vi) the criteria relate to performance of the Participant, his or her business unit or the Company.
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Examples of Annual Performance Based Bonus in a sentence

  • An Annual Performance Based Bonus payable within ninety days following the end of each fiscal year end.

Related to Annual Performance Based Bonus

  • Performance-Based Cash Award means a right granted to a Participant under Article 9 to a cash award to be paid upon achievement of such performance goals as the Committee establishes with regard to such Award.

  • Performance-Based Awards means the Performance Share Awards and Restricted Stock Awards granted to selected Covered Employees pursuant to Articles 9 and 10, but which are subject to the terms and conditions set forth in Article 11. All Performance-Based Awards are intended to qualify as "performance-based compensation" under Section 162(m) of the Code.

  • Performance-Based Award means any Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award granted to a Covered Employee that is intended to qualify as “performance-based compensation” under Section 162(m) of the Code and the regulations promulgated thereunder.

  • Performance-Based Compensation means compensation qualifying as “performance-based compensation” under Section 162(m) of the Code.

  • Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.