MVP Bonus definition
MVP Bonus is defined under I. RECITALS: B. MVP EXECUTIVE PLAN.
Examples of MVP Bonus in a sentence
The Executive is a participant under the Market Value Potential Executive Incentive Plan ("MVP Plan") incident to which the Executive may defer all or any part of the cash bonus ("MVP Bonus") otherwise distributable to the Executive.
The Parties wish to supplement the MVP Plan with this Agreement which shall control the distribution of any MVP Bonus otherwise distributable to the Executive.
Subject to the limitations and the satisfaction of the conditions expressed in the following sections, the Executive may defer not to exceed one hundred percent (100%) of the Executive's MVP Bonus to the extent not then ascertainable, subject to forfeiture or attributable to services to be rendered in respect of the period beginning on the Execution Date.