Bonus Year definition

Bonus Year means an annual bonus period under the MIC Plan or a New MIC Plan.

Bonus Year means fiscal year of the Company, PROVIDED, HOWEVER, that in the event the fiscal year of the Company is changed, any calculations made under Section 3.2 and Exhibit A shall be proportionately adjusted as the Board, in its sole and absolute discretion, shall deem appropriate.

Bonus Year means the period of January 1 to December 31 each year, used by the Employer to assess awards to the Employee under the Annual Incentive Plan or any other bonus or incentive plan established by the Employer;

Examples of Bonus Year in a sentence

• In the year following the Bonus Year or Base Salary Year, each Participant's account shall be credited, as of the first day of the month in which Bonuses or Base Salary are paid, with the amount that the Participant has elected to defer hereunder.

• Except as provided in subsections 6.1 and 6.3 hereof, any election made pursuant to this Section 3 (including any election made pursuant to paragraphs (i) and (ii), above) with respect to a Bonus Year shall be irrevocable when made and shall not be affected by the Participant's ceasing to be an SEC Executive Officer after the beginning of the Bonus Year.

• If an Eligible Employee is also an SEC Executive Officer as of the beginning of the Bonus Year, the Eligible Employee may also defer the receipt of Base Salary as provided in Section 3.2.

• Notwithstanding anything in this Section 3(b) to the contrary, except as expressly provided in Section 7, no Annual Bonus, if any, shall be payable for any Bonus Year unless Executive remains continuously employed by the Company from the Effective Date through the date on which such Annual Bonus is paid.

• The term "Bonus Year" means each calendar year in which a Bonus deferred under the Plan is earned by a Participant.

More Definitions of Bonus Year

Bonus Year shall have the meaning set forth in Section 2(b) to this Agreement.

Bonus Year shall have the meaning set forth in Section 2(b) of this Agreement.

Bonus Year or "Year" shall mean a calendar year;

Bonus Year means the financial year of the Company (or other relevant period) over which the Bonus is earned by reference to performance over that financial year (or other relevant period);

Bonus Year means an annual bonus period under the Management Incentive Plan.

Bonus Year means any fiscal year of the Company.

Bonus Year. ’ shall mean the calendar year for which an annual bonus is payable.