Performance Bonus Plan definition

Performance Bonus Plan means the Parker-Hannifin Corporation 2015 Performance Bonus Plan, as amended from time to time, or any successor plan approved by the shareholders of the Company.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Performance Bonus Plan means the Parker-Hannifin Corporation 2022 Performance Bonus Plan, as it existed prior to its expiration, or any successor plan approved by the shareholders of the Company.

Performance Bonus Plan means, effective January 1, 2000, the Company's Performance Bonus Plan for Salaried Employees.

Examples of Performance Bonus Plan in a sentence

• During Executive’s employment under this Agreement, Executive will be eligible for a performance bonus, subject to the terms and conditions of the Company’s Performance Bonus Plan, which is applicable to senior executives of the Company.

• The Board may amend the terms and conditions of the Performance Bonus Plan at any time in its sole discretion.

• Performance bonuses will be paid out according to the terms of the Company’s Performance Bonus Plan.

• However, payment of the performance bonus will be conditioned on the Company’s achievement of corporate performance objectives approved by the Company and on the Executive’s achievement of individual performance metrics to be established annually and approved by the Company, all as established pursuant to the Company’s Performance Bonus Plan as then in effect, and the bonus may be zero.

• The Executive shall have the opportunity to participate in the Employer's Performance Bonus Plan, pursuant to the terms and conditions of such Performance Bonus Plan.

More Definitions of Performance Bonus Plan

Performance Bonus Plan means the Parker-Hannifin Corporation 2010 Performance Bonus Plan, as amended from time to time, or any successor plan.

Performance Bonus Plan means the plan pursuant to which the Compensation Committee of the Board of Directors of the Company approves certain annual performance goals and adopts associated target bonus levels for senior management, with minimum target bonus levels for participating Vice-Presidents and above set at 50% of base salary, and for participating Directors at 35% of base salary.

Performance Bonus Plan means the Kennametal Inc. Management Performance Bonus Plan, as amended, or other any performance-based bonus compensation plan for

Performance Bonus Plan means the Parker-Hannifin Corporation 2005 Performance Bonus Plan, or any successor plan. “Performance Period” means a fiscal year of the Company.

Performance Bonus Plan means the Parker-Hannifin Corporation 2005 Performance Bonus Plan, or any successor plan.

Performance Bonus Plan means the Parker-Hannifin Corporation 2010 Performance Bonus Plan, as amended from time to time, or any successor plan. “Performance Period” means a period of three consecutive calendar years.

Performance Bonus Plan means that certain Performance Payment Bonus Plan of the Company adopted at or prior to the Closing in substantially the form attached as Exhibit E.