Definition of Potential Annual Award


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.
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Examples of Potential Annual Award in a sentence

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.
Highest Incentive Compensation means the greater of the Executives Potential Annual Award for the Executives Incentive Group for (a) the Termination Year or (b) the average of the actual Annual Awards for the three years prior to the Termination Year.
Highest Incentive Compensation means the greater of the Executives Potential Annual Award for the Executives Incentive Group for (a) the Change Year or (b) the fiscal year immediately preceding the Change Year.
Notwithstanding the foregoing, the Potential Annual Award in the event of a Change of Control as defined in Section 2(d)(6) shall mean 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.
Potential Annual Award means the maximum possible Annual Award Executive could receive for the fiscal year immediately preceding the Change Year or the fiscal year that is the Change Year, whichever is higher, assuming that (1) the parameters for the maximum Annual Award were met (whether or not such parameters for such maximum Annual Award actually were or could be met) and (2) Executives Annual Base Salary is used to determine the Potential Annual Award.