Reference Bonus definition

Reference Bonus means the average of the actual cash bonuses earned and paid (or payable) to you for the three performance years ended prior to the year in which occurs your Date of Termination (but in no event greater than the target bonus for the year in which the Date of Termination occurs). If there are fewer than three performance years ended prior to the year in which occurs your Date of Termination, the actual number of performance years (and the bonuses for such years) shall be used in calculating such average and, in the event that you are first employed by the Company in the year in which occurs your Date of Termination, your reference bonus shall equal 75% of your target bonus for such year. For purposes of calculating your Reference Bonus, the Company shall disregard any signing or similar-type payment to you and shall exclude from the calculation of the average a performance year if you were not employed by the Company during all of that year.

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Reference Bonus means the greater of (1) 75% of the Executive’s target Bonus for the year in which the termination occurs and (2) 100% of the Executive’s Bonus for the year immediately preceding the year in which the Executive’s termination of employment occurred.

Reference Bonus means the greater of (a) the Target Bonus applicable to a Participant for the year in which such Participant’s Involuntary Termination occurs or (b) the highest Target Bonus applicable to such Participant in any of the three years ending prior to the Change of Control Date.

Examples of Reference Bonus in a sentence

The actual bonus paid will be a multiple of the Reference Bonus Amount (from zero (0) to two (2) times the Reference Bonus Amount).
Under such program, the Executive shall have a reference bonus each calendar year equal to $720,000 (the "Reference Bonus Amount"), prorated for partial years.
In addition, the Company shall pay you in a cash lump sum, within 8 days following the date of your execution of the release described in the last sentence of this Section 3(a) (or on the Date of Termination, if later), an amount (the "SEVERANCE PAYMENT") equal to the sum of (i) three times your Reference Salary and (ii) three times your Reference Bonus.
In addition, the Company shall pay you in a cash lump sum, within 8 days following the date of your execution of the release described in the last sentence of this Section 3(a) (or on the Date of Termination, if later), an amount (the "Severance Payment") equal to [two and one half times] the sum of your Reference Salary and your Reference Bonus.
With respect to each fiscal year ending during the Employment Period, the Executive shall receive an annual bonus ("Annual Bonus") with a target of 150% of the Executive's Annual Base Salary (the "Reference Bonus").

More Definitions of Reference Bonus

Reference Bonus means the average of the Bonus (including any deferred Bonus) paid to the Participant for the three (3) calendar years preceding the Participant’s termination of employment; or, if the Participant has not been employed long enough to have been paid a Bonus for three (3) calendar years, the average of the Bonus (including any deferred Bonus) paid to the Participant for the number of full calendar years the Participant was employed by the Company; or, if the Participant has been employed less than one full calendar year, the target Bonus opportunity (including any deferred target Bonus opportunity) for the Participant on an annualized basis.

Reference Bonus means (a) the average of the actual annual bonus awards paid to the Participant for the two (2) calendar years immediately preceding the Change in Control; (b) if the Participant has not been employed for two (2) full calendar years prior to the Change in Control, the average of the actual annual bonus award paid to the Participant for the year proceeding the Change in Control and the Participant’s target bonus amount for the year in which the Change in Control occurs; or (c) if the Participant has been employed less than one full calendar year, the target bonus amount for the year in which the Change in Control occurs.

Reference Bonus means the greater of (i) the Target Annual Bonus applicable to you for the year in which your Involuntary Termination occurs and (ii) the highest Target Annual Bonus applicable to you in any of the three years ending prior to the Change in Control Date.

Reference Bonus means the greater of (i) the target annual bonus applicable to you for the year in which your Involuntary Termination occurs and (ii) the highest annual bonus paid to you in any of the three years ended prior to the Change in Control Date. For this purpose, the term "bonus" shall also refer to a cash Incentive Award under the 1998 Employee Incentive Plan.

Reference Bonus means the Target Bonus applicable to a Participant for the year in which such Participant’s Involuntary Termination occurs.

Reference Bonus means the greater of (a) the average of the three annual bonuses paid to you prior to the your Date of Termination, annualizing bonuses paid for services rendered for less than a full year or (b) the average of the three annual bonuses paid to you prior to the Change in Control Date, annualizing bonuses paid for services rendered for less than a full year. If you have been eligible to receive fewer than three bonuses prior to such your Date of Termination or the Change in Control Date, as applicable, the amounts described in clauses (a) and (b) hereof shall be calculated using such lesser number of annual bonuses.

Reference Bonus means the average of the two most recent annual bonuses paid to you prior to your Involuntary Termination (disregarding any bonus in an amount that results in a breach of this Agreement).