Incentive Bonus Pool definition

Incentive Bonus Pool means an account established and maintained by the Committee pursuant to Section 4.2 below to record the Distributable Net Income available for distribution under the Plan for any particular Plan Year.
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Examples of Incentive Bonus Pool in a sentence

  • The value of each Incentive Unit will be the value of the Incentive Bonus Pool divided by the total outstanding Incentive Units awarded under the Plan.

  • The memorandum record of a Participant’s Award, that is used to determine each Participant’s proportionate share of the Incentive Bonus Pool.

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  • For purposes of determining the amount allocated to the Incentive Bonus Pool, the aggregate Investor Disposition Proceeds (net of any expense attributable to the benefits under this Plan) must exceed three (3.0) times the cumulative amount of Investor Capital determined immediately prior to the Disposition.

  • If you are employed by the Company or an Affiliate at the time a Disposition Event Occurs, you will be entitled to receive a benefit equal to the proportionate share of the Incentive Bonus Pool determined by the number of Incentive Units subject to this Award as a percentage of all outstanding Incentive Units subject to all Awards.

  • If you experience a termination of employment prior to the time a Disposition Event occurs, you will immediately forfeit any Units and the corresponding right to your pro-rata share of any Incentive Bonus Pool.

  • In addition, the Executive shall be entitled to participate in the Annual Cash Incentive Bonus Pool for each fiscal year ending during the Severance Period and a pro rata amount of the Annual Cash Incentive Bonus Pool for any fiscal year that begins during the Severance Period but ends after the Severance Period and such payment shall be made no later than March 15 following the end of the fiscal year.

  • In the event the Return is between 5% and 10% for a fiscal year (or an equivalent amount for any portion thereof), the Company will fund the Annual Cash Incentive Bonus Pool for that year (or portion thereof) in an amount equal to the arithmetic calculation between 0.5% and 1.0% for any Return between 5.0% and 10.0%, calculated as described above based on average total stockholders’ equity.

  • The pro rata amount shall be determined by multiplying the Executive’s portion of the Annual Cash Incentive Bonus Pool for such fiscal year by a fraction, the numerator of which is the whole or fractional months of such fiscal year during the Severance Period and the denominator of which is twelve.

  • In the event the Return is 10% or greater for a fiscal year (or an equivalent annualized amount for any portion thereof), the Company will fund the Annual Cash Incentive Bonus Pool for that year (or portion thereof) in an amount equal to 1.0% of the Company’s average total stockholders’ equity.

Related to Incentive Bonus Pool

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Bonus Pool means the pool of funds available for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

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

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

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

  • 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).

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the 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 the 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, the 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 the 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 the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., 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.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

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

  • Bonus means the bonus described in the Section 2.3.