Bonus Deferral Program definition
Examples of Bonus Deferral Program in a sentence
For avoidance of doubt, Base Salary shall not include any Annual Bonus or portion thereof deferred under the Company’s Bonus Deferral Program or payments or benefits under this Agreement.
For purposes of this Agreement, Bonus Deferral Program shall be any deferral Plan or Program adopted by the Company’s Board of Directors that provides for a non-elective deferral of the Executive’s Annual Bonus.
For purposes of this Agreement, Bonus Deferral Program shall be any deferral Plan or Program adopted by the Company's Board of Directors that provides for a non-elective deferral of the Executive's Annual Bonus.
For purposes of this Agreement, "Bonus Amount" shall mean the average of the annual bonuses (excluding any bonuses deferred under the Company's Bonus Deferral Program or under any special bonus program) paid or that has been earned and accrued but unpaid, in each case under the Company’s Short Term Incentive Plan, during the three full fiscal years ended prior to the Date of Termination.
For avoidance of doubt, Base Salary shall not include any bonus or portion thereof deferred under the Company's Bonus Deferral Program.
For avoidance of doubt, Base Salary shall not include any bonus or portion thereof deferred under the Company’s Bonus Deferral Program.
For purposes of this Agreement, “Bonus Amount” shall mean the average of the annual bonuses (excluding any Retention Bonus paid pursuant to this Agreement or bonuses deferred under the Company’s Bonus Deferral Program or under the special bonus program approved by the Board of Directors to repay on a quarterly basis over a three year period the outstanding loan to purchase a local primary residence) paid or payable during the three full fiscal years ended prior to the Termination Date.
For purposes of this Agreement, Bonus Deferral Program shall be any deferral plan or program adopted by the Company’s Board of Directors that provides for a non-elective deferral of the Executive’s Annual Bonus.
Notwithstanding the 15% Compensation limit contained in Sections 3.1 and 3.4, each Participant who is eligible to participate in the Bonus Deferral Program may elect to defer up to an additional 75% (in 5% increments) of his or her annual bonus under the Plan as an Employee Supplemental Contribution.
For purposes of this Agreement, Annual Bonus, Average Annual Bonus and Special Bonus (as defined in Section 4(b)(iv)) shall not include any Retention Bonus or severance benefits provided under a Retention and Severance Agreement between the Executive and Company or any bonus deferred under the Company’s Bonus Deferral Program or any special bonus paid or payable by the Company to the Executive during the three (3) fiscal years immediately preceding the fiscal year in which the Effective Date occurs.