Base Target definition

Base Target means, for each Contract Year, the minimum unit number of Product purchases required to be made by Abbott and its Affiliates during such Contract Year.
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Base Target means, for each Contract Year, the minimum unit number of Product purchases required to be made by Abaxis and its Affiliates during such Contract Year.
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Examples of Base Target in a sentence

  • The Company shall also pay the Executive an amount equal to the pro rata amount of the Base Target bonus award available to the Executive under the bonus plan during the year of termination, based on the number of days of the year elapsed prior to the Termination Date.

  • Subject to the terms and conditions of the annual cash bonus plan, the Executive's base target bonus opportunity for each fiscal year for satisfaction of goals for such fiscal year shall be 50 percent of the Executive's base salary as actually paid in the applicable calendar year ("Base Target").

  • The minimum bonus target set for each Fiscal Year shall not be less than an amount equal to the sum of the amounts of the Threshold Bonus, the maximum Incremental Threshold Bonus and the Base Target Bonus for him for the 1997 Fiscal Year as heretofore determined by the Stock Option and Compensation Committee.

  • Subject to the terms and conditions of the annual cash bonus plan, the Executive's base target bonus opportunity for each fiscal year for satisfaction of goals for such fiscal year shall be 75 percent of the Executive's base salary as actually paid in the applicable calendar year ("Base Target").

  • Abbott shall achieve Product Purchases greater than or equal to the Base Target as set forth in the following Table 2.4(a) (“Minimum Purchase Requirement”).

  • All PMT decisions that change the Base Target Cost, Final Target Cost, Contract Time, or ICL will be documented through a Change Order per Section 11.5. If the PMT is unable to reach agreement, the PMT will refer the issue to the SMT under Section 4.2.

  • On or before the Longstop Date, the Sublicensee pays the amount of $2,130,000, being the Initial License Fee of $2,500,000 less the total Base Target Amounts paid of $350,000 (seven months x $50,000) and the Initial Installment.

  • For fiscal year 2009, you will be eligible to receive a guaranteed bonus equal to 50% of your Base Target Bonus; provided, however, that if the annual MIP bonus maximum targets are achieved, you will be eligible to receive 75% of your Maximum Target Bonus.

  • The Parties acknowledge that the amount of Contractor’s Margin payable by Owner in respect of each Margin Milestone is calculated based on a percentage of the then applicable Base Target Price.

  • The Performance Base, Target One and Target Two of a Participant who is employed by a Subsidiary shall be established and approved by the CEO and the Chief Executive Officer of each Subsidiary, respectively.