Declared Bonus definition

Declared Bonus means, with respect to a Participant for a fiscal year, the bonus earned by such Participant for such year and is equal to the Participant's Initial Declared Bonus for such year except if the Participant's Participating Group has a Value Driver Factor, such Participant's Declared Bonus shall be equal to the sum of (i) the EVA(R)- weighted portion of the Initial Declared Bonus for such year plus (ii) the product of the non-EVA(R) weighted portion of the Initial Declared Bonus for such year multiplied by the Value Driver Factor for such year provided that in all cases prior to a Change in Control the Company in its sole discretion may reduce a positive Declared Bonus of any and all Participants to any amount (but no less than zero) prior to the crediting of such Declared Bonus to the Participant's Bonus Bank.
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Declared Bonus means the Declared EVA Bonus, as defined in Article IV, or Declared Milestone Bonus, as defined in Article V.
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Declared Bonus means the bonus dollars available for payment or reserve after all declarations have been made.
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Examples of Declared Bonus in a sentence

  • For the year during which a Change of Control occurs and any subsequent year, your "Earned Bonus Amount" means your Declared Bonus for that year (as determined under the EVA Plan).

  • For any year for which the Executive EVA Incentive Compensation Plan (the "EVA Plan") is in effect prior to the year during which a Change of Control occurs, your "Earned Bonus Amount" means your Declared Bonus for that year (as determined under the EVA Plan) multiplied by a fraction the numerator of which is your Bonus Award Earned for that year (as determined under the EVA Plan) and the denominator of which is your Available Bonus for that year (as determined under the EVA Plan).

  • For any year for which the EVA Plan is in effect prior to the year during which a Change of Control occurs, your "Earned Bonus Amount" means your Declared Bonus for that year (as determined under the EVA Plan) multiplied by a fraction the numerator of which is your Bonus Award Earned for that year (as determined under the EVA Plan) and the denominator of which is your Available Bonus for that year (as determined under the EVA Plan).

  • Upon such termination, Executive shall receive, without duplication: (i) the Accrued Compensation and Benefits; (ii) any Declared Bonus; (iii) any disability insurance benefits Executive is entitled to receive; and (iv) all other benefits required by any federal or state law requiring continuation of benefits, including COBRA insurance benefits.

  • Upon such termination, Executive shall receive, without duplication,: (i) the Accrued Compensation and Benefits; (ii) any Declared Bonus; (iii) any disability insurance benefits Executive is entitled to receive; and (iv) all other benefits required by any federal or state law requiring continuation of benefits, including COBRA insurance benefits.


More Definitions of Declared Bonus

Declared Bonus means the bonus earned by a Participant and is computed as the Actual Bonus Multiple times a Participant's Target Bonus.
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Related to Declared Bonus

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • 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.

  • Bonus means the bonus described in the Section 2.3.