Bonus Percentage definition

Bonus Percentage means the greater of (i) any annual bonus, expressed as a percentage of annual base salary paid in the year of determination, paid to the Executive by the Company or an Affiliate in respect of either of the last two calendar years prior to the date of a Covered Termination or (ii) the Executive’s target bonus, expressed as a percentage of annual base salary, for the calendar year in which the Covered Termination occurs.

Bonus Percentage means, for each Bonus Period, a percentage for such period that is determined based upon Operating Income in accordance with a schedule adopted by the Board for all senior executives prior to commencement of such period or as soon thereafter as possible, except that the Bonus percentage shall be not more than 200% for any Bonus Period.

Bonus Percentage for any calendar year shall be determined as provided in Section 3(b)(ii) hereof.

Examples of Bonus Percentage in a sentence

• The determinations of the Board, the Committee or the Delegate, as applicable, with respect to such Cash Bonus or the Target Bonus Percentage shall be final and binding.

• Executive’s Target Bonus Percentage for any subsequent year may be adjusted up or down, as determined in the sole discretion of the Board, the Committee or the Delegate, as applicable.

• Each Participant's Bonus Percentage will be determined by, and in the sole discretion of, the Committee.

• Each Bonus Award granted to a Participant will be evidenced by a Notice of Bonus Award that will specify (a) the Participant's Bonus Percentage, (b) the Participant's effective date of Plan participation, and (c) such other terms and provisions as the Committee may determine in its sole discretion.

• As soon as administratively practicable after the last day of each Plan Quarter, the Committee will calculate each Participant's Quarterly Bonus Amount for such Plan Quarter, which will be an amount equal to the product of the Participant's Bonus Percentage multiplied by the Quarterly Bonus Pool for such Plan Quarter (taking into account that a Quarterly Bonus Pool will be deemed to be equal to zero if it would otherwise be a negative amount).

More Definitions of Bonus Percentage

Bonus Percentage means the fixed percentage of the Bonus Pool assigned to a Participant as set forth in Exhibit A, with the Bonus Percentages to be assigned by the Board of Directors of the Company, following consultation and discussions with the Company’s Chief Executive Officer; provided, however, that the Bonus Percentage of any Participant may not be reduced without the prior written consent of such Participant. The sum of the Bonus Percentages for the Participants, in the aggregate, may be less than, but shall not exceed, 100%.

Bonus Percentage means the greater of (i) any annual bonus, as a percentage of annual base salary paid in the year of determination, paid to the Employee in respect of either of the last two calendar years prior to the date of a Covered Termination, provided that no annual bonus paid before consummation of the Merger shall be considered for this purpose, or (ii) the Employee’s target bonus, expressed as a percentage of annual base salary, for the calendar year in which the Covered Termination occurs.

Bonus Percentage shall be a percentage equal to the annual percentage of base salary (i.e., 0% to 125%) paid or payable to a participant under the Company's Executive Bonus Program (and its predecessor or any successor plan or program) with respect to the most recent fiscal year ended prior to Executive's termination of employment;

Bonus Percentage means a percentage of a Manager’s Salary ranging from a minimum of 5% to a maximum of 50% which the Manager may earn as a bonus under the Plan if the Manager achieves l 00% of his or her Individual Incentive Plan.

Bonus Percentage means, with respect to any Participant, a whole or fractional percentage designated for such Participant on Annex A attached hereto.

Bonus Percentage means 50% for 2001.

Bonus Percentage means the percentage equal to (i) in the event the Executive is still employed by the Company on the Reference Date, 100%, (ii) in the event the Executive's employment by the Company has been terminated by the Company without Cause following a Change of Control, 100%, and (iii) in the event the Executive's employment by the Company has been terminated by the Company without Cause prior to the Reference Date (other than following a Change of Control) or by reason of the Executive's death or Disability prior to the Reference Date, the product of 100% MULTIPLIED BY a fraction, the numerator of which is the number of days elapsed from the Agreement Date through the date of such termination, and the denominator of which is 1,644.