Examples of Second Half in a sentence
The aggregate of the First Half Fiscal 2014 Retention Bonus and the Second Half Fiscal 2014 Retention Bonus are together referred to herein as the “Total Fiscal 2014 Retention Bonus”.
Subject to Section 1.3, if the Company never achieves a minimum of $32 million of net sales for any quarter in 2003, then the Second Half Bonus shall be forever forfeited by Executive and the Company shall have no obligation to pay the Second Half Bonus.
Performance metrics are the general Business Unit objectives for the First Half or Second Half, as applicable.
Business Unit Performance Factor applicable to each Business Unit shall be determined by the Board of Directors in its sole discretion based on its assessment of that Business Unit’s achievements against performance metrics targets established for that Business Unit by the Board of Directors in its sole discretion for the First Half and the Second Half.
The payment of any award or portion of an award payable upon completion of the Second Half, as provided above, will be made as soon as practicable following March 1st of the following calendar year but in no event later than April 30th of the following calendar year.
Annual Basis Eligible Employees: 100% of the award, if any, with respect to the calendar year Plan Period following the completion of the Second Half.
If (y) the Bonus Pool for the Fiscal Second Half exceeds the aggregate amount of Target Period Bonuses to be paid for the Fiscal Second Half, and (z) Bonus payments for the Fiscal First Half were ratably reduced due to the size of the Bonus Pool for the Fiscal First Half, then any excess of the Fiscal Second Half Bonus Pool will be ratably distributed to Participants to the extent that of the reduction of payments during the Fiscal First Half.
The Second Half Catastrophe Aggregate Premium may be renegotiated on an annual basis and will be split evenly between Quarter 3 (July 1 through September 30) and Quarter 4 (October 1 through December 31) of the Contract Year.
The Second Half Catastrophe Aggregate Premium is to be paid in two equal installments, the first installment due in October and the second installment due in January.
After approval by the Board of Directors, the relevant Business Unit’s objectives for the First Half and the Second Half will be communicated to Eligible Employees within that Business Unit.