Definition of Performance Target Bonus Percent


Performance Target Bonus Percent means the percent of the Participant's Compensation that will be earned as a Performance Bonus (using one hundred percent (100%) in lieu of eighty percent (80%)) where the Corporate Performance Objectives that are achieved for the Bonus Period result in a Performance Bonus Multiplier of one hundred percent (100%). The Performance Target Bonus Percent for each Participant shall be established consistent with the Participant's position in the Employer's compensation structure.

Examples of Performance Target Bonus Percent in a sentence

The Committee shall establish generally for each Participant the Performance Target Bonus Percent and the Performance Bonus Multiplier that will apply with respect to the designated levels of achievement of the Corporate Performance Objectives for the Bonus Period.
The Committee shall establish generally for each Participant the Performance Target Bonus Percent, the Performance Bonus Multiplier and the Maximum Bonus Award that will apply with respect to the designated levels of achievement of the Corporate Performance Objectives for the Bonus Period.