AOP Targets definition
AOP Targets means the annual operating plan objectives established for you by the Chief Executive Officer and approved by the Board of Directors and the Compensation Committee of the Board of Directors. During the course of determining the annual operating plan objectives, you will have the opportunity to provide your comments and input to management regarding these objectives. Your AOP Targets will reflect your position, including any change in your position (mid-year or otherwise), and other relevant facts and circumstances. As used in this Agreement, the term “Modified Earned Compensation” means your Earned Compensation as of the applicable measuring date (as defined below) but taking into account only $1 million of the Sign-On Bonus.
Examples of AOP Targets in a sentence
Your AOP Targets will reflect your position, including any change in your position (mid-year or otherwise), and other relevant facts and circumstances.
If you have achieved your AOP Targets for at least four of the five fiscal years commencing after the Effective Date and terminating on or prior to the Expiration Date, you shall also receive an amount equal to: (I) two times the Formula Amount, minus (II) your Earned Compensation as of the Expiration Date.