Bonus Pay definition

Bonus Pay means, with respect to a Participant, the total target payments with respect to the Participant under the Company’s cash bonus and other cash incentive programs at 100% of plan for the Company fiscal year in which the Change of Control occurs (or for the immediately preceding year if the target payment with respect to the Participant for the Company fiscal year in which the Change of Control occurs has not yet been established) (without regard to any reduction made in the target payments In Anticipation of a Change of Control), or, if greater, for the Company fiscal year in which the Participant’s employment terminates.

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Bonus Pay means, with respect to a Participant, the total target payments to the Participant under the Company’s cash bonus, commission and incentive programs at 100% of plan for the Company fiscal year in which the Change of Control occurs, or, if greater, for the Company fiscal year in which the Participant’s employment terminates, and Company contributions allocated to the Participant’s account under the Company’s 401(k) plan (other than contributions attributable to the Participant’s salary deferral election), for the calendar year coinciding with or immediately preceding the year in which the Severance Payment becomes payable.

Bonus Pay means amounts payable to an Eligible Employee under the annual cash incentive plan of the Employer, prior to reduction for amounts deferred under the Employer’s qualified retirement plans or Code Section 125 plans. Bonus Compensation does not include other types of remuneration, such as long-term incentive pay or restricted stock awards.

Examples of Bonus Pay in a sentence

Your pro rata portion of any Bonus Pay shall be based upon the number of days in such calendar year elapsed through the Notice Date of such termination as a proportion of 365.
Employees in the Maintenance Test Pilot classification who become qualified for the Multiple Currency Bonus Pay will receive the bonus pay in the month following the effective date of qualification.
Certificate Bonus Pay shall be eliminated for City Hall employees, except that those employees currently receiving such pay shall continue to receive it so long as the certificate continues to be relevant to the employee's job duties and responsibilities.
Employees assigned to the Maintenance Test Pilot classification maintaining basic aircraft currency in accordance with AR 95-20 in two or more series of same Mission/Design aircraft (i.e.UH-60 A/L & M, CH-47 D & F), or two or more aircraft of different Mission, Design, and Series (i.e. AH-64 and OH-58 D), shall be paid the Multiple Currency Bonus Pay of $100.00 per month.
Notwithstanding the foregoing to the contrary, the Two Percent Performance Bonus will become absolutely payable no later than two years after the Two Percent Performance Bonus Pay Date regardless of any other condition including, but not limited to, the sufficiency of the Company's working capital reserves.

More Definitions of Bonus Pay

Bonus Pay means any additional remuneration in an 29 amount exceeding two hundred dollars provided an employee in 30 the form of a bonus, including but not limited to a retention 31 bonus, recruitment bonus, exceptional job performance pay, 32 extraordinary job performance pay, exceptional performance pay, 33 extraordinary duty pay, or extraordinary or special duty pay, 34 and any extra benefit not otherwise provided to other similarly 35 situated employees.

Bonus Pay means that payment that is linked to the achievement of Company goals as defined under subclause 15.3.

Bonus Pay means the Individual Variable Compensation Award paid to a Participant.

Bonus Pay means compensation in addition to Base Pay which is (i) payable pursuant to any plan, program, agreement or arrangement (excluding employee stock options or restricted stock or other rights the value of which is determined by reference to the value of the Company’s common stock); (ii) determined by reference to one or more performance measures and (iii) payable in cash.

Bonus Pay means any remuneration that is in the form of money relating to productivity, performance or incentive, and for HPFT the only relevant payments for the reporting period were:

Bonus Pay means money paid to employees which is over and above their wages and overtime money. The law does not say that an employer must pay a bonus to employees although some Bargaining Council Agreements do. This is 'extra' money. It is usually paid out at the end of the year, for example, for good performance during the year, or for targets reached in production of goods. Bonuses should always be paid equally and fairly to employees with similar productivity - with

Bonus Pay means any remuneration relating to productivity, performance, incentive payments or commission. It is clear within the regulations that bonus pay does not include ordinary pay, overtime pay, and redundancy pay or termination payments. For the purpose of Gender Pay Reporting, Clinical Excellence Award payments are regarded as a ‘bonus pay’.