Maximum Bonus Award definition

Maximum Bonus Award means the amount of the bonus compensation that would be paid to Executive under such incentive or bonus compensation plan assuming that all performance goals or targets required to have been achieved as a condition of the payment of the maximum bonus under such plan were achieved and all other conditions precedent to the payment of such bonus compensation were satisfied.

Maximum Bonus Award means, as to any Participant for the Performance Period, the maximum award that may be granted to the Participant under the Bonus Plan. In no event may the Maximum Bonus Award paid in respect of a calendar year exceed $2 million.

Maximum Bonus Award means the maximum Bonus Award, denoted as a dollar amount, which can be earned and paid to the Participant for the Bonus Period as established by the Committee.

Examples of Maximum Bonus Award in a sentence

• Employer also shall pay to Executive, at the applicable time set forth in Section 4.2, an amount equal to the product of one (1) times the sum of (i) Executive’s Base Annual Salary in effect as of immediately before the Announcement and (ii) an amount equal to the Maximum Bonus Award (as hereinafter defined) payable to Executive under any incentive or bonus compensation plan in which he/she was participating at the time of such termination of employment.

• Following the end of the Bonus Period, the Maximum Bonus Award for each Participant who is a Covered Employee, if any, shall be calculated based on the performance achieved for the Bonus Period (the “Outer Plan”).

• The Committee shall establish, for each Participant, the Participant’s Maximum Bonus Award (in dollars) for the Bonus Period or the methodology for establishing such Maximum Bonus Award (in dollars).

• In no event, however, may any Covered Employee be entitled to a Maximum Bonus Award under the Plan under two arrangements, where payment of the other bonus that is not intended to be qualified performance-based compensation is contingent upon the failure to meet the Corporate Performance Objectives or levels of Corporate Performance Objectives with respect to the Participant upon which the Participant’s Maximum Bonus Award is based.

• Due to NDHSAA guidelines sixth grade students can’t compete in 7th and 8th grade interscholastic activities.

More Definitions of Maximum Bonus Award

Maximum Bonus Award means, as to any Participant for the Performance Period, the maximum award that may be granted to the Participant under the Bonus Plan.

Maximum Bonus Award means, as to any Participant for a Performance Period, 260% of the Participant’s annualized rate of base salary in effect at the commencement of such Performance Period determined without regard to any increases in base salary that may occur thereafter, but in any event not more than three million dollars ($3,000,000).

Maximum Bonus Award means the maximum Bonus Award which can be earned and paid for the Bonus Period to a Participant who is a Covered Employee, which results from multiplying the Participant’s Compensation for the Bonus Period by the product of (i) the Participant’s Target Bonus Percentage and (ii) the Participant’s relevant Aggregate Corporate Performance Bonus Multiplier. In no event, however, may the amount of any Participant’s Maximum Bonus Award exceed the maximum dollar limit for Bonus Awards that may be paid with respect to any particular time period as set forth in the Newell Rubbermaid Inc. 2013 Incentive Plan or any other such plan under which Bonus Awards that are intended to constitute qualified performance-based compensation within the meaning of Section 162(m) of the Code are to be based.

Maximum Bonus Award means the maximum Bonus Award which can be earned and paid for the Bonus Period to a Participant as determined by the Committee. The Committee may establish the Maximum Bonus Award for a Bonus Period as a set dollar amount or in such other manner as the Committee may designate, including using the same methodology for determining the Participant’s Preliminary Bonus Award but using different Corporate Performance Objective(s) and/or level(s) of Corporate Performance Objective(s) and/or different Individual Performance Factor(s) and/or levels of Individual Performance Factors than those used to determine the Aggregate Corporate Performance Bonus Multiplier for determining the Participant’s Preliminary Bonus Award. Unless the Committee specifically determines otherwise, in no event may the amount of any Participant’s Maximum Bonus Award exceed $3,000,000 for any Bonus Period.

Maximum Bonus Award means the maximum Bonus Award, denoted as a dollar amount, which can be earned and paid to the Participant for the Bonus Period as established by the Committee, which cannot exceed in any event the dollar amount which results from multiplying the Participant’s Compensation for the Bonus Period by the product of (a) the Participant’s Performance Target Bonus Percent, (b) the Participant’s Performance Bonus Multiplier and (c) one hundred and twenty percent (120%).

Maximum Bonus Award means the maximum Bonus Award that may be granted or earned under the Bonus Plan by a Participant for the Performance Period, which may be, but is not required to be, expressed as a percentage of Participant’s base salary or a specific dollar amount. As to any Participant for any Performance Period, the Maximum Bonus Award will not exceed $3 million multiplied by the number of complete Fiscal Years contained within the Performance Period, or, for any Performance Period of less than one complete Fiscal Year, $3 million.

Maximum Bonus Award means the Bonus Award which the Committee, subject to its discretion, would declare if the Company's Cumulative ROE for a Performance Period equals or exceeds the Maximum ROE.