Deferred Bonus Amount definition

Deferred Bonus Amount means that portion of a Participant’s Annual Incentive Plan Bonus specified in whole percentages that a Participant elects to have and is deferred in accordance with Article 3, for any one Plan Year. In the event of a Participant’s retirement, Disability, death or a Termination of Employment prior to the end of a Plan Year, such year’s Deferred Bonus Amount shall be the actual amount withheld prior to such event.
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Deferred Bonus Amount means that portion of a Participant's Annual Bonus specified in whole percentages that a Participant elects to have and is deferred in accordance with Article 3, for any one Plan Year.
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Deferred Bonus Amount means such percentage of an Eligible Employee’s Bonus (as defined in the Annual Bonus Plan) as he is required to apply in the acquisition of Investment Shares for the purposes of this Plan;
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Examples of Deferred Bonus Amount in a sentence

  • The Executive shall be vested in 66.66% of each Deferred Bonus Amount if he remains continuously employed by the Company until the end of the first fiscal year in which the Deferred Bonus Amount was awarded.

  • The Executive shall vest in 100% of each Deferred Bonus Amount if he remains continuously employed by the Company from each respective Award Date through the corresponding Payment Date, as set forth in Section 1 above.

  • If, during the Annual Investment Window, a Qualified Employee elects to contribute his Deferred Bonus Amount to the Company, then such Qualified Employee shall be eligible to receive a loan from IFC in an amount equal to the Deferred Bonus Amount contributed by such Participating Qualified Employee to the Company for that particular year (each, "an IFC Loan").

  • To reflect this, each Participating Qualified Employee shall become a Member in the Company and will be grouped together with other Participating Qualified Employees electing to contribute their Deferred Bonus Amount to the Company for that same year and such Participating Qualified Employees shall have interests in the same group of Portfolio Investments for the same Deferred Bonus Award Year (each such group of Qualified Employees being herein an "Annual Investment Group").

  • The vested portion of each Deferred Bonus Amount shall be paid to the Executive (or the Executive’s Beneficiary in the event of his death) on the Payment Date designated in the table below.

  • The Company shall pay the Executive the vested portion the Executive’s Deferred Bonus Amounts within fifteen (15) business days following the designated Payment Date for that Deferred Bonus Amount, as specified in Section 1 above.

  • The Executive shall be vested in 33.33% of each Deferred Bonus Amount on the date on which such amount is awarded.

  • The Bonus Fund accrued as of June 28, 1997 (including the 1997 fiscal year Deferred Bonus Amount), both deferred compensation and accrued interest, totaled $1,481,185.25.


More Definitions of Deferred Bonus Amount

Deferred Bonus Amount means (1) $3 million, if Executive’s employment terminates on or before January 3, 2004, (2) $5 million, if Executive’s employment terminates after January 3, 2004 and on or before January 3, 2005, (3) $7 million, if Executive’s employment terminates after January 3, 2005 and on or before January 2, 2006, (4) $9 million, if Executive’s employment terminates after January 3, 2006 and on or before January 3, 2007, and (5) zero if Executive’s employment terminates after January 3, 2007.
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Deferred Bonus Amount shall have the meaning set forth in Section 5.2.1.
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Deferred Bonus Amount means the aggregate amount to be paid to Optionholders as special bonuses and set forth on the Deferred Bonus Amount Schedule.
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Related to Deferred Bonus Amount

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • 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).

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and Executive are subject. An example of the calculation of the Bonus Payment is set forth below: Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and Executive is not subject to state income taxes. Further assume that Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 in Excise Taxes are payable. The amount of the required Bonus Payment is thus $100,000. The Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Bonus Payments means that portion of the bonus payments received by the

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