Bonus Calculation Table definition

Bonus Calculation Table refers to the following table showing the Bonus Percentage (which will be applied as a percentage of Net Income Before Income Taxes earned by Executive) if the Bank attains certain levels of profitability (expressed as a percentage attained by dividing Adjusted Net Income by the Average Asset Balance): If the Bank's Return on Assets Before Taxes (as defined below) is Bonus Percentage at least: but not greater than: ---------- -------- -------------------- 0.05 1.200% 1.399% 0.10 1.400% 1.799% 0.20 1.800% 2.199% 0.30 2.200% No limit
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Related to Bonus Calculation Table

  • The calculation date means the first day on which purchasers of ordinary shares of the Company shall not be granted the rights to subscribe for such new securities which confer the right to convert/exchange into the ordinary shares or the right to purchase the ordinary shares in case of a rights offering and/or the first day of the offering of securities which confer the right to convert/exchange into the ordinary shares or the right to purchase of the ordinary shares in case of a public offering or a private placement (as the case may be).

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.