Maximum Bonus Amount definition

Maximum Bonus Amount with respect to any calendar year indicated below shall equal the amount specified below with respect to such year: Calendar Year Maximum Bonus Amount ------------- -------------------- 1997...................................................... $60,000 1998...................................................... 65,000 1999...................................................... 75,000

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Maximum Bonus Amount shall have the values set forth in the table below. Ending March 31, 2012 $ 0 $ 1,750,000.00 $ 2,500,000.00 $ 3,500,000.00 Ending March 31, 2013 $ 0 $ 1,802,500.00 $ 2,575,000.00 $ 3,605,000.00 Ending March 31, 2014 $ 0 $ 1,856,575.00 $ 2,652,250.00 $ 3,713,150.00 Ending March 31, 2015 $ 0 $ 1,912,272.25 $ 2,731,817.50 $ 3,824,544.50 For example, if the actual results in the Applicable Fiscal Year ending March 31, 2012 are 110% of the Target (as defined below), the Annual Bonus shall be $2,125,000.

Maximum Bonus Amount. The "Maximum Bonus Amount" for any Term Year shall be as follows: FOR THE FIRST TERM YEAR: Five Hundred Seventy-Four Thousand Dollars ($574,000). FOR THE SECOND TERM YEAR: Six Hundred Twenty-Four Thousand Dollars ($624,000). FOR THE THIRD TERM YEAR: Six Hundred Fifty Thousand Dollars ($650,000).

Examples of Maximum Bonus Amount in a sentence

• The Maximum Bonus Amount for any partial Fiscal Year occurring during the Term shall be prorated.

• The Maximum Bonus Amount will be reviewed annually by the Board and may be increased but not decreased pursuant to such review.

• For each fiscal year during the Employment Period, the Compensation Committee may award an additional bonus, in its sole discretion, to the Executive of up to 50% of the Executive's Maximum Bonus Amount, in the event of the Executive's significant out-performance of objective performance criteria that have been pre-established by the Compensation Committee.

• Under the EIP, for the first Fiscal Year ending during the Term, you will be eligible to earn an annual bonus (the "Annual Bonus") of up to 55% of your actual Salary earned during the applicable Fiscal Year (the "Maximum Bonus Amount"), based on targets set by the Board for your Annual Bonus for such Fiscal Year.

• In addition to your Base Salary, you may also be entitled to an annual bonus up to a maximum amount (the "Maximum Bonus Amount") and based on the attainment of certain performance goals, both of which shall be established annually by the Compensation Committee of the Board of Directors, with participation by you and your supervisor, and identified in Schedule "B," attached and incorporated by reference to this Agreement (the "Annual Bonus").

• Under the EIP, for the first Fiscal Year ending during the Term, you will be eligible to earn an annual bonus (the "Annual Bonus") of up to 75% of your actual Salary earned during the applicable Fiscal Year (the "Maximum Bonus Amount"), based on targets set by the Board for your Annual Bonus for such Fiscal Year.

• This plan shall provide for the payment of a cash bonus each fiscal year up to a maximum amount equal to the product of (i) 35%, (ii) 1.5 and (iii ) the Base Salary of the Employee for such fiscal year (the "Maximum Bonus Amount").

• The Maximum Bonus Amount will be reviewed annually by the Committee and may be increased (but not decreased) pursuant to such review.

• In addition to your Base Salary, you shall also be entitled to a quarterly bonus up to a maximum amount (the "Maximum Bonus Amount") and based on the attainment of certain performance goals, both of which shall be established by your supervisor, and identified in Schedule "B", attached and incorporated by reference to this Agreement (the "Quarterly Bonus").

• If the Performance Criteria has been exceeded in a meaningful manner but less than one hundred and twenty-five percent (125%) (and the Executive has received at least an “Acceptable” overall rating in his Chief Executive Officer evaluation conducted pursuant to the CEO Policy), the amount of the bonus shall be at least seventy-six percent of Executive’s Annual Base Salary but shall be less than the Maximum Bonus Amount.

More Definitions of Maximum Bonus Amount

Maximum Bonus Amount means the maximum bonus amount set by the Compensation Committee for a Participant with respect to a Performance Period under either the Annual Program or Long-Term Program. Except to the extent the Compensation Committee may otherwise determine, each Participant’s Maximum Bonus Amount shall generally equal two times his or her Target Bonus Amount with respect to the Annual Program.

Maximum Bonus Amount means $2,000,000 for the fiscal year ending February 28, 1995; thereafter, the Maximum Bonus Amount for each subsequent fiscal year shall be increased by 10% over the Maximum Bonus Amount for the immediately preceding fiscal year.

Maximum Bonus Amount means the maximum amount of the Cash Incentive Award granted to each Participant in the Plan as specified in the Grant Agreement.