Salary and Bonus definition

Salary and Bonus for purposes of this Agreement shall mean the sum of
Sample 1Sample 2Sample 3
Salary and Bonus subject to the Policy means the sum of (i) the greater of a Senior Executive Officer’s base annual salary in effect (a) on the date of the termination of employment of the Senior Executive Officer or (b) for the fiscal year immediately preceding the fiscal year in which such employment termination occurs plus (ii) the greater of the Senior Executive Officer’s (x) targeted annual bonus for the year in which the Senior Executive Officer’s employment terminates or (y) the annual bonus paid or payable to the Senior Executive Officer for the fiscal year immediately preceding the fiscal year in which such employment termination occurs.
Sample 1Sample 2
Salary and Bonus means (A) the Executive’s monthly salary at the rate in effect immediately before the Termination Date, plus (B) the amount of the annual Bonus (as defined below) paid or granted to the Executive for the prior fiscal year (or, if no Bonus has been paid or granted for the prior fiscal year, the Bonus paid or granted for the most recent fiscal year for which a Bonus was paid or granted) divided by twelve (12). The “Severance Period” is twelve (12) months; provided, however, that if any portion of the Notice Period is worked by the Executive or payment in lieu of a portion or all of the Notice Period is provided, the Executive will receive twelve (12) months of Salary and Bonus, reduced by any amount of salary paid to the Executive with respect to the Notice Period (i.e. the total amount provided to the Executive following the beginning of the Notice Period will be equal to twelve (12) months of Salary and Bonus). For purposes of this Agreement, the term “Bonus” means the full annual incentive amount, expressed as a dollar amount, that is awarded to the Executive for the applicable year based on performance, which may be payable in a combination of cash and equity grants.
Sample 1

Examples of Salary and Bonus in a sentence

  • Certain participants are eligible to defer receipt of their incentive payments in accordance with the Company's Salary and Bonus Deferral Plan.

  • Salary and Bonus Compensation In reviewing and approving compensation of executive officers and compensation matters generally, the Compensation Committee considers such matters as it deems appropriate, including: The Company’s financial and operating performance; Alignment of the interests of the executive officers and the Company’s stockholders; The performance of InfoSpace’s common stock; andInfoSpace’s ability to attract and retain qualified individuals.

  • Where applicable, the Contractor agrees to comply with the Salary and Bonus Limitations.


More Definitions of Salary and Bonus

Salary and Bonus. While you are employed on a full-time basis by the Company, the Company will pay you a base salary which annualizes to $250,000, payable in accordance with the usual payroll practices of the Company including the withholding of all income and employment taxes. Your base salary will be reviewed on an annual basis and may be subject to adjustment upward based on various factors including, without limitation, your performance or the Company's achievement of its business plan (as determined by the Board of Directors of the Company), provided that in no event shall such annual increase be less than the annual rate of increase in the Consumer Price Index. When the Company completes an Initial Public Offering (IPO) your annualized salary will be increased to $275,000. You will be eligible for a 40% target bonus based upon achievement of assigned performance goals and subject to the approval of the Board of Directors. Relocation: Per the attached.
Sample 1

Related to Salary and Bonus

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Annual Salary means the salary given under this Part.

  • Salary as defined in Section 3.1(a).

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Annual Compensation means an amount equal to the greater of:

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Target Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.