Bonus Earnings definition

Bonus Earnings means the bonuses paid by the Company and credited to the Participant from time to time as reflected on the Plan records or as otherwise approved by the Board. Bonus Earnings will be considered as having been made for the calendar year in which the applicable services were performed rather than for the calendar year in which the bonus payment was actually received by the Participant.
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Bonus Earnings means your average annual bonus from the Employer for the 24 month period ending on the second preceding December 31 before your last full day of Active Work, or your annual bonus for the period of your employment if you received only one bonus from the Employer. However, if your employment terminates prior to November 1, Bonus Earnings means 1/12th (one-twelfth) your average annual bonus as determined above, times the number of months you were employed by the Employer during the current calendar year. Effective September 25, 2003, this rule will not apply if your employment terminates under the Employer’s Long Term Absence Policy.
Sample 1
Bonus Earnings means that portion of a Covered Employee’s Earnings attributable to incentive compensation, including without limitation production bonuses and performance bonuses. Without limiting the generality of the foregoing, no part of a Covered Employee’s base salary, hourly wage, overtime pay, commissions or fringe benefits shall constitute Bonus Earnings.
Sample 1

Examples of Bonus Earnings in a sentence

  • The Supplemental Pension shall be determined by multiplying the Participant’s Average Monthly Bonus Earnings by a percentage equal to the sum of 1.5% for each year of Continuous Service, and represents a monthly amount that shall then be converted into a lump sum in accordance with Section 5.02 and payable at the time determined in Section 5.03.

  • On the date the Company pays a Bonus to the Participant while the Participant is employed by the Company, the Participant shall accrue a benefit under this Plan equal to the Accrual Percentage multiplied by the Participant’s Bonus Earnings as of that date.

  • Each Covered Employee who is eligible to participate in the Plan may elect an After-Tax Contribution rate, and the rate so elected shall continue in effect throughout his participation in the Plan unless and until it is changed by him in accordance with the following provisions of this Section 4.1.1. A Participant may elect to make After-Tax Contributions at different rates for Base Earnings and Bonus Earnings, provided that each rate cannot exceed 50% of his Base Earnings or 50% of his Bonus Earnings.

  • Your position is eligible for a Target Bonus of 100% of your Bonus Earnings Basis.

  • Each Covered Employee may direct the Employer to make Elective Deferral Contributions on his behalf at different rates for Base Earnings and Bonus Earnings, provided that each rate cannot exceed 50% of his Base Earnings or 50% of his Bonus Earnings.

  • Each increase shall occur unless the Participant elects, within 21 days from the date of the notice (as described in this Section), either not to defer Earnings or to defer a larger or smaller percentage of Earnings in accordance with Section 5.2.1 or 5.3. A Participant may elect to make Elective Contributions at different rates for Base Earnings and Bonus Earnings, subject to the overall limitations described elsewhere in this Plan.

Related to Bonus Earnings

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Earnable compensation means the full rate of the

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Award Opportunity means a cash award opportunity established under the Plan for a Participant by the Committee pursuant to such terms, conditions, restrictions and/or limitations, if any, as the Committee may establish.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.