Second Bonus Period definition

Second Bonus Period means the period commencing on August 3, 2009 and ending on August 1, 2010. Any Bonus payments will be prorated based on changes in Salary that may occur during the fiscal year.
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Second Bonus Period means SenDEC’s fiscal year ending July 31, 2012.
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Examples of Second Bonus Period in a sentence

  • The Employee shall be entitled to receive such bonus for the Second Bonus Period equal to (x) $0.15 for every dollar that Stealth’s Actual Pre-Tax Income for the Second Bonus Period exceeds $2,650,000 but does not exceed $3,350,000, and (y) $0.25 for every dollar that Stealth’s Actual Pre-Tax Income for the Second Bonus Period exceeds $3,350,000.

  • The Employee shall be entitled to receive such bonus for the Second Bonus Period equal to (x) $0.15 for every dollar that Stealth's Actual Pre-Tax Income for the Second Bonus Period exceeds $2,650,000 but does not exceed $3,350,000, and (y) $0.25 for every dollar that Stealth's Actual Pre-Tax Income for the Second Bonus Period exceeds $3,350,000.

  • In addition to the salary described in Section 4(a) above, the Employee shall receive lump sum bonuses in respect of the period beginning on April 1, 2005 and ending on March 31, 2006 (the "First Bonus Period") and the period beginning April 1, 2006 and ending on March 31, 2007 (the "Second Bonus Period").

  • Solely with respect to the First Bonus Period, Second Bonus Period and Third Bonus Period, if SenDEC achieves less than 92% of the EBITDA Target in any of those Bonus Periods, then no Actual Bonus Amount will be paid with respect to such Bonus Period and the Maximum Bonus Amount will be forfeited.

  • For all services to be rendered by the Executive pursuant to this Agreement during the period ("Second Bonus Period") beginning on April 1,2001 and ending on March 31,2001 the Company agrees to issue in favor of the Executive a fully-vested option (the "Second Bonus") to purchase 300,000 shares of common stock of the Company at the price of $2.00 per share pursuant to an option agreement in the form of Exhibit A, such option to be delivered oh or prior to April 1, 2001.

  • The Second Bonus Period Notice shall contain reasonably detailed data supporting the calculation of the Actual Company 2017 Adjusted EBITDA.

  • The Committee expressly requests forensic images of all electronically stored information (“ ESI”), including metadata.

  • For all services to be rendered by the Executive pursuant to this Agreement during the period ("Second Bonus Period") beginning on April 1, 2001 and ending on March31, 2001 the Company agrees to issue in favor of the Executive a fully-vested option (the "Second Bonus") to purchase 75,000 shares of common stock of the Company at the price of $2.00 per share pursuant to an option agreement in the form of Exhibit A, such option to be delivered on or prior to April 1, 2001.

  • For all services to be rendered by the Executive pursuant to this Agreement during the period ("Second Bonus Period") beginning on July 1, 1999 and ending on November 30, 1999, the Company agrees to issue in favor of the Executive a fully-vested option (the "Second Bonus") to purchase 227,897 shares of common stock of the Company at the price of $1.61 per share pursuant to an option agreement in the form of Exhibit A, such option to be delivered on or prior to August 18, 1999.

  • For the avoidance of any doubt, (i) if Actual Company 2017 Adjusted EBITDA is less than seventy-five percent (75%) of the 2017 Adjusted EBITDA Target, then Parent shall have no obligation to issue, and no Bonus Plan Participant shall have the right to receive, any Second Bonus Period Shares, and (ii) in no event shall the Second Bonus Period Target Fraction be greater than one (1.00).

Related to Second Bonus Period

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

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

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

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

  • Target Annual Bonus as of any date means the amount equal to the product of Base Salary determined as of such date multiplied by the percentage of such Base Salary to which Executive would have been entitled immediately prior to such date under any Bonus Plan for the Annual Performance Period for which the Annual Bonus is awarded if the performance goals established pursuant to such Bonus Plan were achieved at the 100% level as of the end of the Annual Performance Period.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Bonus Payments means that portion of the bonus payments received by the

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Average Bonus means the average of the bonuses paid to Employee over the last two years (or such lesser number of years in which Employee was eligible to receive a bonus) in which the Employee was eligible to receive a bonus.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

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

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).