Five Year Bonus definition

Five Year Bonus means the Bonus payable on the first date on which a Bonus is payable under a Five Year Savings Contract;
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Five Year Bonus means, in relation to an SAYE Contract, the bonus payable on the fifth anniversary of the starting date of the SAYE Contract (subject to any postponement in accordance with the provisions of the SAYE Contract),
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Five Year Bonus means the Bonus payable under a Five Year Savings Contract.
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Examples of Five Year Bonus in a sentence

  • The Board may allow Eligible Employees when applying for an Option to elect for the Three Year Bonus, the Five Year Bonus or the Seven Year Bonus.


More Definitions of Five Year Bonus

Five Year Bonus means the bonus payable on or after the fifth anniversary of the starting date of a Savings Contract;
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Related to Five Year Bonus

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

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

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

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.