Minimum Bonus Amount definition

Minimum Bonus Amount means the specific dollar amount to be paid by the Company to a Participant upon the Company’s achievement of a particular Share Price Target and Participant’s satisfaction of any post-achievement employment or service obligations as may be specified by the Committee and communicated to the Participant in the applicable Award Notice. A Minimum Bonus Amount shall operate separately from a Discretionary Bonus Amount, if any, made to a Participant upon the Company’s achievement of a Share Price Target.
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Minimum Bonus Amount means the guaranteed minimum annual bonus payable to the Employee as determined pursuant to Section 4(B).
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Minimum Bonus Amount means 5% of Executive’s Base Salary.
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Examples of Minimum Bonus Amount in a sentence

  • The portion of the Variable Cash Distribution in respect of the Guaranteed 2017 Minimum Bonus Amount to be received by the Limited Partner in the form of Deferred Cash Interests shall equal 25% of the Guaranteed 2017 Minimum Bonus Amount.

  • The Minimum Bonus Amount shall be payable initially in the amount of $100,000 and shall be increased, by an amount equal to 10% of the immediately preceding Minimum Bonus Amount, and from time to time by such greater amount as the Compensation Committee of the Board shall, in its sole discretion, determine.

  • Malfunctions of instructional equipment shall not adversely affect the evaluation.

  • Without limiting the generality of the foregoing, following any Change of Control, the amount actually payable to the Executive as an annual bonus shall not be less than an amount equal to the average of the bonuses payable to the Executive for the three fiscal years of the Company ending immediately prior to the Effective Date (the "Minimum Bonus Amount").

  • The Minimum Bonus Amount shall be payable to the Employee in January of each year from the Effective Date to the Termination Date.

  • In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to $475,000 (the "Minimum Bonus Amount").

  • The Board (or a committee thereof) may determine in its sole discretion to pay the Executive an Incentive Bonus for a fiscal year in an amount that exceeds the Minimum Bonus Amount based upon its assessment of the Executive’s and Holdco’s performance.

  • During the Term, the Executive shall participate in annual cash incentive compensation plans, as adopted and approved by the Board of Directors of the Company (the "Board") or the Compensation Committee from time to time and shall have an annual cash bonus target that is not less than the amount of the annual bonus earned by the Executive with respect to the last full completed period before the Effective Time (the "Minimum Bonus Amount").

  • Employee’s bonus amount for each calendar year during the Term (including the 2023 calendar year) shall be not less than $500,000 (the “Minimum Bonus Amount”), and the actual amount of Employee’s bonus for any calendar year during the Term may be more than the Minimum Bonus Amount depending on actual performance.

  • The Savings Bonus payments shall be made on a quarterly basis as approved by the Compensation Committee and shall be applied dollar-for-dollar to reduce the amount of the Minimum Bonus Amount otherwise payable at the end of the applicable six-month period, as described above.