Corporate Performance Bonus definition
Examples of Corporate Performance Bonus in a sentence
Company also represents and warrants that the only employees of Company and the Company Subsidiaries who are participating in the Annual Incentive Program and the Corporate Performance Bonus Plan and the Supplemental Executive Retirement Plan are those that are identified as such in the Company Disclosure Letter.
It is understood that Parent’s undertaking herein to cause such payments and credits to be made is predicated upon Company’s representation and warranty to Parent that the aggregate amount of such cash incentive payments under the Annual Incentive Program and the Corporate Performance Bonus Plan and the credits to the accounts of such employees under the Supplemental Executive Retirement Plan under the terms thereof will not exceed the maximum amount specified in the Company Disclosure Letter.
Employees whose Personal Performance Level (determined pursuant to section 4.1) is less than 80% shall not be eligible to receive a Corporate Performance Bonus.
Executive shall be eligible to earn a target bonus under all applicable bonus programs, including the Company's Executive Performance Bonus Plan and "Outstanding" Corporate Performance Bonus Plan, as specified annually by the Compensation Committee of the Board (the "Target Bonus").