Contractual Bonus definition

Contractual Bonus means the annual contractual bonus payable by the Company to the Executive in accordance with the terms and conditions of Clause 7.2 of this Agreement based upon the Group's financial performance against the relevant year's Budget;
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Examples of Contractual Bonus in a sentence

  • If the relevant target is or targets are achieved (and in the event of dispute the reasonable decision of the Board shall be final as to the achievement thereof) then provided the Term shall not have terminated during that year he shall be paid a Contractual Bonus as previously notified to him.

  • The Contractual Bonus shall be payable based on targets which may be personal or based upon the results of IKON or based upon the results of part of IKON for the relevant financial year of IKON or a combination of these.

  • The Contractual Bonus shall be payable to the Executive no later than two and one-half months following the close of fiscal year 2007.

  • Contractual Entitlements or Contractual Bonus stated therein ("Total Compensation Package") providing such alterations to Base Salary and/or alterations to Contractual Entitlements and/or alterations in Contractual Bonus which have been mutually agreed by Executive and IKON and notified to Executive in writing by IKON.

  • Without prejudice to the generality of the foregoing this shall include any changes to the Base Salary, Contractual Entitlements or Contractual Bonus stated therein (“Total Compensation Package”) providing such alterations to Base Salary and/or alterations to Contractual Entitlements and/or alterations in Contractual Bonus which have been mutually agreed by Executive and IKON and notified to Executive in writing by IKON.

  • Such payment will be without prejudice to the obligations of the Parties under Article 4 hereof and to Executive’s right to payment of accrued Base Salary, Contractual Bonus and other Contractual Entitlements (each of Base Salary, Contractual Bonus and other Contractual Entitlements as set out in Addendum A) in respect of the period to the date of termination.

  • Contractual Entitlements and Contractual Bonus pro rata the Further Period.

  • The Contractual Bonus shall be paid by the Company to the Executive within two and one-half months after the conclusion of the Company’s fiscal year (no later than March 15 based on the Company’s current calendar year fiscal year).

  • TERMINATION On termination of the Term the liability of IKON under Articles 1.2.2, 1.2.3 and 4.2.1(1) in respect of the Fund (being part of the Contractual Entitlements) in respect of any period after termination shall be an amount equal to 13.3 per cent of the aggregate of Base Salary and a sum equal to the Contractual Bonus.

  • Such payment will be without prejudice to the obligations of the Parties under Article 4 hereof and to Executive's right to payment of accrued Base Salary, Contractual Bonus and other Contractual Entitlements (each of Base Salary, Contractual Bonus and other Contractual entitlements as set out in Addendum A) in respect of the period to the date of termination.

Related to Contractual Bonus

  • 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 any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.

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

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

  • 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.

  • 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.