Definition of Deferred Bonus Pool Percentage


Deferred Bonus Pool Percentage means a percentage of the Bonus Pool awarded to a Participant and payable in the form of a Deferred Bonus under this Plan.


Deferred Bonus Pool Percentage means a percentage of the Participant’s Annual Bonus Pool Percentage awarded to a Participant for a Plan Year the payment of which shall be subject to deferral pursuant to Section 5.

Examples of Deferred Bonus Pool Percentage in a sentence

The amount of a Participant’s maximum Deferred Bonus will be equal to the product of (x) the Participant’s Deferred Bonus Pool Percentage, and (y) the Bonus Pool.
If granted a Deferred Bonus Pool Percentage by the Committee, a Participant will be eligible to receive a Deferred Bonus with respect to a Plan Year.