Monthly Bonus definition

Monthly Bonus means the Recent Annual Bonus determined on the date of termination of Executive's employment divided by 12.
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Monthly Bonus means an amount equal to the average of the Performance Bonuses earned by the Executive in each of the two (2) fiscal years prior to his termination of employment divided by twelve (12); provided, however, that, if the Executive has not been employed through December 31, 2007, an assumed bonus of $25,000 for the fiscal year ending December 31, 2006 and an assumed bonus of $37,500 for the following fiscal year during which the Executive was not employed during the full year shall be used to calculate the average.
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Examples of Monthly Bonus in a sentence

  • The same receipt cannot be used to claim the Monthly Bonus as well.

  • For the avoidance of doubt, for the 2018 calendar year, the difference between the Monthly Bonus Amounts paid in 2018 (inclusive of any monthly amounts paid prior to the effective date of this Addendum) and the Annual Bonus and Annual Additional Stretch Bonus attainment calculated at the end of the calendar year shall be paid by the end of March 2019.

  • In the event that Annual Bonus and Annual Additional Stretch Bonus attainment amounts exceed the aggregate Monthly Bonus Amounts paid during the applicable calendar year, then the Employee shall be entitled to receive the balance, which will be paid in September (based on attainment calculated as of the end of Q2) and March of the subsequent calendar year (for attainment calculated as of the end of the applicable calendar year), respectively.

  • As a Member of the Webloyalty Programme, you are entitled to claim a Monthly Bonus valid either towards an online purchase you make from the marketing partner through which you signed up as a Member of the Programme or any retailer featured within the Webloyalty Programme.

  • As a Member of the NX Rewards Programme, you are entitled to claim a Monthly Bonus valid either towards an online purchase you make from any retailer featured within the NX Rewards Programme.

  • The Monthly Bonus can only be claimed against purchases made within the month for which the Monthly Bonus is claimed.

  • Notwithstanding the forgoing, and without prejudice to any other provision in this Agreement, INGOT may, at its sole and exclusive discretion, withhold, delay, deduct, or refuse payment of the Affiliate Commissions and/or Monthly Bonus and/or annul any accrued payout and/or terminate this agreement and/or close any accounts with immediate in any of the following events: o INGOT has reason to believe that the Affiliate's activity is not in compliance with any applicable law.

  • In the event that Annual Bonus and Annual Additional Stretch Bonus attainment amounts exceed the aggregate Monthly Bonus Amounts paid during the applicable part of the calendar year, then the Employee shall be entitled to receive the balance, which will be paid in September (based on attainment calculated as of the end of Q2) and March of the subsequent calendar year (for attainment calculated as of the end of the applicable calendar year), respectively.

  • As of January 2021, the Employee’s Monthly Bonus Amount shall be NIS 25,340 (gross) (i.e., the equivalent of 70% of the pro-rated Annual Bonus) on account of the Annual Bonus (section 2.a.i above).

  • As of January 2020, the Employee's Monthly Bonus Amount shall be 21,560 NIS (gross) (i.e., the equivalent of 70% of the pro-rated Annual Bonus).

Related to Monthly Bonus

  • Monthly salary means the W-2 reportable compensation received by a member during the month.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • 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:

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

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