Maximum Bonus Amount definition

Maximum Bonus Amount means, for each Bonus Period, the amounts set forth in Exhibit B (determined by multiplying the Election Percentage for each Bonus Period by the Total Bonus Amount).
Sample 1
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.
Sample 1
Maximum Bonus Amount means the maximum dollar amount of the Long-Term Incentive Bonus which a Participant may earn for any one Earn-Out Period. Such Maximum Bonus Amount shall be determined by the Plan Administrator within the first ninety (90) days of the Earn-Out Period, but in no event shall such amount exceed the dollar amount determined by multiplying the number of calendar years comprising the Earn-Out Period by Two Hundred Fifty Thousand Dollars ($250,000). For any pro-rated Long-Term Incentive Bonus which becomes payable under the Plan, the Pro-Rated Maximum Bonus Amount shall be determined by multiplying the Maximum Bonus Amount for the Earn-Out Period to which that bonus relates by a fraction, the numerator of which is the number of days the Participant continued in Employee status during that Earn-Out Period and the denominator of which is the total number of days in the calendar years comprising such Earn-Out Period.
Sample 1

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.

  • Three-digit code number exactly as shown on the actuarial documents, for the type grown by the insured.

  • Additionally, a decrease in earnings before income taxes or market capitalization will not decrease the amounts of the other respective components of the 2020 Maximum Bonus Amount.

  • 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").

  • Clubs must be entered by name by means of the official entry form, which must reach the UEFA Administration by 5 June 2006, together with all other required documents.

  • Additionally, a decrease in earnings before income taxes or market capitalization will not decrease the amounts of the other respective components of the 2021 Maximum Bonus Amount.

  • Additionally, a decrease in earnings before income taxes or market capitalization will not decrease the amounts of the other respective components of the 2019 Maximum Bonus Amount.

  • The 2019 Maximum Bonus Amount for each participant shall in no case exceed 150% of such participant’s base salary as of January 2019.


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.
Sample 1
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
Sample 1
Maximum Bonus Amount shall have the values set forth in the table below. Applicable Fiscal Year 80% Bonus Amount 100% Bonus Amount 120% Bonus Amount Maximum Bonus Amount 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.
Sample 1
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.
Sample 1
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).
Sample 1

Related to Maximum Bonus Amount

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • 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).

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

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

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

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA; ‘National Law’ means (a) for a state or territory other than Western Australia – the Health Practitioner Regulation National Law as set out in the Schedule to the Health Practitioner Regulation National Law Act 2009 (Qld) as it applies (with or without modification) as a law of the State or Territory; and (b) for Western Australia – the legislation enacted by the Health Regulation National Law (WA) Xxx 0000 that corresponds to the Health Practitioner Regulation National Law;

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

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

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Target Annual Bonus as of any date means the amount equal to the product of Base Salary determined as of such date multiplied by the percentage of such Base Salary to which Executive would have been entitled immediately prior to such date under any Bonus Plan for the Annual Performance Period for which the Annual Bonus is awarded if the performance goals established pursuant to such Bonus Plan were achieved at the 100% level as of the end of the Annual Performance Period.

  • Average Bonus means the average of the bonuses paid to Employee over the last two years (or such lesser number of years in which Employee was eligible to receive a bonus) in which the Employee was eligible to receive a bonus.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • Maximum Award means as to any Participant for any Performance Period, $4 million.

  • 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.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • 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.

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.