CURRENT TARGET BONUS definition

CURRENT TARGET BONUS means the Incentive Bonus that would have been paid to the Executive for the fiscal year in which the termination of employment occurred, if the Executive's employment had not been so terminated and the Executive had earned 100% of the Incentive Bonus that he could have earned for such year.
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CURRENT TARGET BONUS has the meaning set forth in Section 4.1(a) of this Agreement. 1.1 (j) "DATE OF TERMINATION" has the meaning set forth in Section 3.6 of this Agreement.
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CURRENT TARGET BONUS means the incentive bonus that would have been paid to O'Ro▇▇▇▇ ▇▇▇ the fiscal year in which O'Ro▇▇▇▇'▇ ▇▇▇loyment is terminated if (a) O'Ro▇▇▇▇'▇ ▇▇▇loyment had not been so terminated, and (b) O'Ro▇▇▇▇ ▇▇▇ earned 100% of the incentive bonus that he could have earned for such year; and
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More Definitions of CURRENT TARGET BONUS

CURRENT TARGET BONUS means the Annual Bonus for the year in which the termination of the Executive's employment occurs that is equal to fifty percent (50%) of the Executive's then-current Annual Base Salary.
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Related to CURRENT TARGET BONUS

  • 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.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Target Annual Bonus means, as of any date, the amount equal to the product of Executive’s Base Salary determined as of such date multiplied by the percentage of such Base Salary to which Executive would have been entitled immediately prior to such date under any Annual Bonus arrangement for the fiscal year for which the Annual Bonus is awarded if the performance goals established pursuant to such Annual Bonus were achieved at the 100% level as of the end of the fiscal year; provided, however, that if Executive’s Annual Bonus is discretionary and no 100% target level is formally established either under the Annual Bonus arrangement or otherwise, Executive’s “Target Annual Bonus” shall mean the amount equal to the 100% of Executive’s Base Salary.

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

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.