Definition of Potential Annual Award

  1. Potential Annual Award means the average of the annual aggregate bonus under the Short Term Incentive Plans (or its successors) earned by Executive in each of the two calendar years immediately preceding the calendar year in which the Change of Control occurs.

Examples of Potential Annual Award in a sentence

  1. Highest Incentive Bonus means the greater of the Executives Potential Annual Award for (a) the Change Year or (b) the year immediately preceding the Change Year.

Definition of Potential Annual Award in Executive Change of Control Agreement

Potential Annual Award means the average of the annual aggregate bonus under the Short Term Incentive Plans (or its successors) earned by Executive in each of the two calendar years immediately preceding the calendar year in which the Change of Control occurs.