Annual Target Bonus definition

Annual Target Bonus means, for an Eligible Employee, a percentage of such Eligible Employee’s Eligible Earnings, and shall be dependent on a number of factors which may include but are not limited to an employee’s position title, job responsibilities, and reporting level within the Company. The Company may, but is not required to, specify a specific range for an Eligible Employee at any time prior to or during a Plan Year; provided that any such range may be adjusted from time to time or at any time in the Company’s sole discretion, including for the applicable Plan Year.

Annual Target Bonus means a Participant’s highest, annual, target short-term incentive opportunity during the 24-month period preceding the Participant’s termination of employment.

Annual Target Bonus means the aggregate Bonuses that Executive is eligible to earn for the incentive periods in the fiscal year in which Executive’s Date of Termination occurs, assuming attainment of such corporate targets at the “target level” (100% performance level), and disregarding any individual performance targets and regardless of whether any such Bonus has already been paid, as shall be established by the Committee for such fiscal year. For the avoidance of doubt, the Annual Target Bonus shall be determined assuming satisfaction of the aforementioned corporate targets, irrespective of whether such targets are actually achieved and whether any Bonus for a period in the fiscal year has already been paid.

Examples of Annual Target Bonus in a sentence

• Executive’s Annual Target Bonus is not guaranteed and will be based on the Company’s performance and/or Executive’s individual performance as determined by the Compensation Committee of the Board (the “Committee”) in its discretion.

• The Annual Target Bonus Severance Payment shall be paid in a lump sum cash payment no later than the second regular payroll date following the later of (i) the effective date of the Release or (ii) the effective time of the applicable Change in Control, but in any event not later than March 15 of the year following the year in which Executive’s Separation from Service occurs.

• An amount equal to his Annual Target Bonus at the rate in effect at the time of the Separation.

• The Annual Target Bonus Severance Payment shall be paid in a lump sum cash payment no later than the second regular payroll date following the later of (i) the effective date of the Release or (ii) the Closing, but in any event not later than March 15 of the year following the year in which your Separation from Service occurs.

• The maximum amount that may be paid under the Annual Target Bonus Plan in any one fiscal year to a participant in that plan shall be $2 million.

More Definitions of Annual Target Bonus

Annual Target Bonus means the Executive’s annual target bonus as determined by the Board to be in effect for the calendar year in which a Change of Control occurs.

Annual Target Bonus means the Participant’s annual target bonus in effect for the year in which the Qualifying Termination occurs.

Annual Target Bonus means a Plan Participant’s Annual Salary multiplied by the Plan Participant’s Annual Target Bonus Percentage.

Annual Target Bonus means the annual bonus that a Participant is expected to earn under the Company’s or any Affiliate’s annual cash incentive program assuming achievement of target-level performance on all metrics.

Annual Target Bonus means the amount of an Eligible Employee’s current year annual bonus at “target” performance levels.

Annual Target Bonus. Pool means, for a Plan Year, the Target Bonus of the Eligible Employees of the Company for that Plan Year.

Annual Target Bonus means an amount equal to the percentage of Base Salary set forth in Section 3(b) hereof.