Maximum Potential Bonus definition

Maximum Potential Bonus means the amount determined by multiplying the amount of a Participant's base salary actually paid during the applicable Measurement Period by a percentage designated by the Committee in its sole discretion prior to the commencement of such Measurement Period, or within the first 90 days thereof, which percentage need not be the same for each Participant. Notwithstanding the foregoing, in the case of a Participant who is a Covered Employee, such Maximum Potential Bonus shall be determined based upon the Participant's base salary as of the day immediately preceding the commencement of the applicable Measurement Period. The Maximum Potential Bonus payable to a Participant for any Measurement Period shall be 150 percent of such Participant's annual base salary (as determined above) appropriately adjusted if necessary to reflect the length of such Measurement Period.
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Examples of Maximum Potential Bonus in a sentence

  • The Participant will not have earned and is not entitled to any portion of the Maximum Potential Bonus Amount not yet due and payable as of the date of termination of the Participant’s status as an employee or as the Chief Technology Officer of the Company.

  • This Agreement represents the entire agreement between the parties with respect to the Maximum Potential Bonus Amount.

  • The maximum potential bonus payable to Participant under this Agreement equals the Maximum Potential Bonus Amount ($240,000), payable subject to the terms hereof.

Related to Maximum Potential Bonus

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • 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).

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

  • 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.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of: