Incentive Performance Bonus definition

Incentive Performance Bonus means an annual discretionary incentive performance bonus awarded to an Employee.
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Examples of Incentive Performance Bonus in a sentence

  • The Executive shall be eligible to receive an incentive performance bonus up to a maximum of 100% of the Executive's Base Salary ("Incentive Performance Bonus"), subject to the successful achievement of a series of goals and objectives to be agreed upon with the Chairman and Chief Executive Office of the Company.

  • Guy will be eligible to participate in the annual DISCRETIONARY year end Incentive Performance Bonus (IPB).

  • On all subsequent years the Incentive Performance Bonus will be paid following the end of the Company's fiscal year.

  • The Company will provide for an ongoing Incentive Performance Bonus (I PB) of 100,000 per year for each year of service provided by the Employee under the term of this Agreement.

  • Employee will be eligible to participate in any Employee Stock Purchase Plan or Stock Option Plan, and an Incentive Performance Bonus Program which the Employer may adopt during the term of this Agreement.

  • The Incentive Performance Bonus will be paid following the end of the Company's fiscal year.

  • In the event that the employment of the Executive is terminated pursuant to this Section 4(g), the Company will pay to the representative of the Executive the amount of all accrued but unpaid Base Salary to the date of such termination, and the Incentive Performance Bonus with respect to the year in which termination occurs (pro rated for the portion of the year in which the Executive was so employed) in accordance with Company policy.

  • For the first year of employment, the first $100,000 of the Incentive Performance Bonus, if any, shall be payable to the Executive in January, 2006, after completion of the review of achievements by the Compensation Committee of the Company, and the balance, if any, shall be payable after the end of the Company's 2005 fiscal year (year ending March 31, 2006).

Related to Incentive Performance Bonus

  • 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 any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.

  • 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.

  • 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.

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