Maximum Target definition

Maximum Target has the meaning specified in Section 2.02(a)(iii).
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Maximum Target is the goal past the target where the amount of incentive money reaches its ceiling (and thus incentive payments are capped). The maximum target will be more difficult to achieve, but attainable with exceptional skill and effort.
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Maximum Target has the meaning set forth in Section 3(c).
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Examples of Maximum Target in a sentence

  • The Board or the Compensation Committee shall review the Bonus Policy at least once a year to determine whether the Maximum Target Bonus should be increased effective January 1 of any year during the Term, or whether any additional changes should be made to the Bonus Policy effective January 1 of any year.

  • Maximum Target Payout The Maximum Target Payout is the maximum annual cash bonus that can be earned and paid under the STI.

  • Maximum Target Payout The Maximum Target Payout is the maximum annual cash bonus that can be earned and paid under the LTI.

  • Maximum Target Payout The Maximum Target Payout is the maximum annual cash bonus that can be earned and paid under the STI Plan.

  • Within 60 days after the Executive's Permanent Disability, the Company shall pay to the Executive the prorated amount of the Maximum Target Bonus for the year in which the Executive's Permanent Disability occurs, prorated for the portion of the year during which the Executive was employed prior to his Permanent Disability, and subtracting out all Incentive Bonus payments related to that year received by the Executive during such year.

  • Within 60 days after the Executive's death, the Company shall pay to the Executive's personal representative the prorated amount of the Maximum Target Bonus for the year in which the Executive's death occurs, prorated for the portion of the year during which the Executive was employed prior to his death, and subtracting out all Incentive Bonus payments related to that year received by the Executive during such year.

  • The following table shows the Maximum, Target and Threshold Performance Levels for the Company’s Operational Performance Results: Maximum 10.0% 200% Target 8.5% 100% Threshold 7.0% 50% Below Threshold Under 7.0% 0% At the conclusion of the Performance Period, the Committee will determine the Company’s Operational Performance Results in accordance with the formula and methods described below.

  • For the avoidance of doubt, (x) if the Minimum Target (as defined in the Sponsor Lock-Up Agreement) shall have been achieved, then the Minimum Share Price Milestone shall be deemed achieved, and (y) if the Maximum Target (as defined in the Sponsor Lock-Up Agreement) shall have been achieved, then the Maximum Share Price Milestone shall be deemed achieved.

  • If the Executive or the Company, as the case may be, satisfies the maximum target performance criteria contained in the Bonus Policy for a fiscal year, he shall receive an annual Incentive Bonus equal to 100% of the Executive's Base Salary (the "Maximum Target Bonus").

  • In the event either the Minimum Target or the Maximum Target would be deemed to be achieved pursuant to this Section 3(d), the Minimum Target or Maximum Target shall be deemed to be satisfied immediately prior to the consummation of the Company Sale and the applicable Sponsor Covered Shares shall receive the same consideration per share as the shares of Company Ordinary Shares receive in the Company Sale.


More Definitions of Maximum Target

Maximum Target means $24,827,821 of EBITDA for 1994. The "EBITDA Factor" shall mean the quotient obtained by dividing (i) the difference between actual EBITDA for fiscal 1994 and the Minimum Target for such year by (ii) the difference between the Maximum Target and the Minimum Target for such year. After fiscal year 1994, the Executive shall be entitled to a bonus pursuant to the terms of an Executive Bonus Plan to be adopted by the Board.
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Maximum Target means $2,094,000.
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Maximum Target has the meaning set forth in Section 1.8(c).
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Related to Maximum Target

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 82.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Overcollateralization Floor.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 65.70% minus the Additional Required Enhancement Percentage and (ii) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.