Special Annual Bonus definition

Special Annual Bonus means, with respect to an Eligible Employee, the annual bonus that may become payable to such Eligible Employee under the Plan.
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Examples of Special Annual Bonus in a sentence

  • Any Annual Bonus and any Special Annual Bonus shall be paid to Executive in cash (subject to normal withholding and payroll deductions) within 120 days following the end of the fiscal year in which such Annual Bonus shall be earned and in any event within the short-term deferral period specified in Treasury.

  • In addition to the Annual Bonus, each Officer of the Company may be awarded once a year a special annual bonus (the "Special Annual Bonus") regardless of a specified ​ ​ target and regardless of a bonus plan.

  • The Special Annual Bonus will be tied to the Executive’s performance and results in meeting objectives for improvements in operations in a Covid-19 recovery environment in both North America and in Europe as well as meeting objectives set out in the Succession Process herein.

  • Executive’s target Special Annual Bonus shall be not less 105% of Executive’s Base Salary with a minimum payout of 75% and a maximum payout of 200% The CEO or Executive Chair shall make recommendations for Special Annual Bonus payouts for approval by the Committee.

  • Such Special Annual Bonus shall not exceed three (3) monthly Base Salaries for each Officer of the Company, except for the CEO as provided in Section 5.1.3 above.

Related to Special Annual Bonus

  • Target Annual Bonus means, as of any date, the amount equal to the product of Executive’s 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 Annual Bonus arrangement for the fiscal year for which the Annual Bonus is awarded if the performance goals established pursuant to such Annual Bonus were achieved at the 100% level as of the end of the fiscal year; provided, however, that if Executive’s Annual Bonus is discretionary and no 100% target level is formally established either under the Annual Bonus arrangement or otherwise, Executive’s “Target Annual Bonus” shall mean the amount equal to the 100% of Executive’s Base Salary.

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

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

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

  • Bonus means the bonus described in the Section 2.3.