Bonus Target Amount definition

Bonus Target Amount is defined in Section 3(b)(2).
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Bonus Target Amount means an amount equal to the product of (a) the Participant’s Base Salary, multiplied by (b) the Participant’s Bonus Target at fiscal year-end.
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Examples of Bonus Target Amount in a sentence

  • Executive will be eligible to receive the Performance-related Bonus with a target opportunity equal to the Bonus Target Amount, subject to those terms and conditions as may be established by Company.

  • The Bonus Target Amount, which will be communicated to you separately, represents the amount that you are eligible to earn if the Performance Goals are attained at the target level (i.e., 100%), subject to the terms and conditions set forth in the Agreement, including any adjustments to reflect individual performance.

  • The Committee will establish a variable compensation target for each level of participating employee by category of position reflected as a percentage of an employee's base pay earned during the performance year in question (the "Employee Bonus Percentage", and the product of an employee's base pay earned during the performance year and the applicable Employee Bonus Percentage is, the "Employee Bonus Target Amount").

  • Covance Corporate employees shall be awarded a variable compensation amount under the Plan equal to the product of (1) a fraction, (x) the numerator of which is the Bonus Pool and (y) the denominator of which is the 1x Bonus Pool (as hereinafter defined), (2) such Covance Corporate employee's Employee Bonus Target Amount and (3) such employee's bonus payout percentage, determined in accordance with such employee's performance rating.

  • The date on which the Company’s trailing 12-month gross revenue reaches the Bonus Target Amount shall be referred to in this Section 2(c) as the “Bonus Date”.

Related to Bonus Target Amount

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 82.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Overcollateralization Floor.

  • Target Amount is defined in Section 4.3(b)(i).

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 65.70% minus the Additional Required Enhancement Percentage and (ii) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.