Plan Bonus definition
Examples of Plan Bonus in a sentence
County employee couples are not eligible to participate in the Health Plan Bonus Waiver Program.
If an employee who is enrolled in the Health Plan Bonus Waiver Program retires during the plan year, the retiree is not eligible to enroll in retiree medical coverage upon retirement until the next open enrollment period after retirement, typically in September.
Executive's Bonus Compensation (which term as used herein includes both the Plan Bonus and the Business Segment Bonus, if any) shall be paid in accordance with ss.5 of the Bonus Plan.
The target amount of the Senior Management Plan Bonus is eighty percent (80%) of the Employee’s current Base Salary, subject to adjustments by the Board and/or the Board’s Compensation Committee in its reasonable judgment.
If a worker who is enrolled in the Health Plan Bonus Waiver Program retires during the plan year, the retiree is not eligible to enroll in retiree medical coverage upon retirement until the next open enrollment period after retirement, typically in September.
With respect to any Fiscal Year which falls in part but not in whole during the period of Executive’s employment, the pro rata portion of the Plan Bonus to which Executive is entitled under this Section 3(b) shall be determined in accordance with §3(c) of the Bonus Plan.
Executive’s Plan Bonus shall be paid in accordance with §5 of the Bonus Plan.
For purposes of determining the amount of the Bonus payable to Executive for any Fiscal Year under the Bonus Plan (the "Plan Bonus"), Executive's Target Bonus Percentage shall be 28% of his Base Salary for such Fiscal Year.
You acknowledge and agree that you have had an opportunity to consult, and you have consulted, to the extent so desired, with financial, legal and tax advisors of your own selection with respect to the Plan and this Agreement, including, in particular the tax treatment of the Plan Bonus as it compares to the tax treatment of the MIP Award, the non-solicitation, confidentiality and cooperation covenants in Article VI of the Plan, and the payment provisions in Section 4.3 of the Plan.
Employee will be eligible for inclusion for the Plan Bonus if and when it is instituted by the Company, but only on the same basis as other executives may participate and as approved by the compensation committee of the Board of Directors, or such equivalent Board body.