Monthly Target Bonus definition

Monthly Target Bonus means the Target Bonus divided by twelve (12).
View Source
Monthly Target Bonus means an amount, if any, equal to the annualized target amount which the Covered Employee is eligible to earn under the Company’s annual cash incentive plan in effect on the date of termination of employment or, if higher, such target amount as was in effect immediately prior to the occurrence of a Change of Control, in either case divided by 12.
View Source
Monthly Target Bonus means 100% of your annual target bonus as in effect as of immediately prior to the Termination Date (without giving effect to any reduction providing a basis for Good Reason) divided by 12.
View Source

Examples of Monthly Target Bonus in a sentence

  • The Company shall pay the Executive a lump-sum amount equal to the sum of (A) his earned but unpaid Base Salary through the date of termination, (B) any earned but unpaid Annual Target Bonus for any completed calendar year, (C) any earned but unpaid Monthly Target Bonus for any completed month in the calendar year of the Executive's termination and (D) any unreimbursed business expenses or other amounts due to the Executive from the Company as of the date of termination.

  • In the event that the Company's operations meet the monthly performance standard set forth in the Business Plan, an amount equal to one-twelfth (1/12) of the Annual Target Bonus (a "Monthly Target Bonus") shall be payable within five days following the date the Company's internal monthly financial statements have been completed.

  • In the event that any Monthly Target Bonus shall not be paid during the course of such calendar year because the relevant monthly performance standard was not met, such Monthly Target Bonus shall again become available for payment if the Company attains its annual performance standard for such calendar year.