Special Bonus definition

Special Bonus means an amount, if any, designated as such by the Committee and credited to a Participant’s Compensation Account.

Special Bonus means $400,000; provided, that if Executive's commission and fee revenue for the twelve (12) months ending September 30, 2010 (including commission and fee revenue from new business written or placed by or through Executive ("New Business")) is less than 90% of Executive's commission and fee revenue for the twelve (12) months ending September 30, 2009 there shall be a proportionate reduction in the Special Bonus using 90 as the denominator (e.g. if 60% of Executive's commission and fee revenue as determined September 30, 2009 is booked by the Company as of September 30, 2010, then 60/90 or two-thirds of the $400,000 Special Bonus ($266,667) shall be paid to Executive). The Special Bonus shall vest 100% in Executive (or his personal representative) on the date that Executive's employment with the Company terminates prior to September 30, 2009 as a result of death, disability or termination by the Company without Cause and be payable by the Company within thirty (30) days following death, disability or termination by the Company without Cause; provided, that such payment is subject to acceleration pursuant to Section 20.

Special Bonus means a bonus, other than a bonus payable under the MIP, that is payable to an Eligible Officer with respect to services rendered or to be rendered for an Employer and that is eligible for deferral under the Plan either because (1) the bonus is payable pursuant to an offer letter accepted in writing by the Eligible Officer before commencement of employment and that specifically refers to the deferability of the bonus by explicit reference to this Plan or (2) the bonus is eligible for deferral in accordance with guidelines established by the Committee, or by an officer to whom the Committee has delegated authority to establish such guidelines, and the bonus requires as a condition of receipt of the bonus and to avoid forfeiture of the bonus that the recipient continue to perform services for the Employer for a period of at least thirteen (13) months after the date he or she obtains the legally binding right to the bonus.

Examples of Special Bonus in a sentence

• The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.

• Any such Special Bonus will not exceed 200% of the Executive Officer’s annual base salary.

• Other existing terms and conditions relating to the Recipient’s Special Bonus Account shall apply accordingly.2.3 Under no circumstances shall Singtel Mobile provide a refund to the User (whether in cash or otherwise) once the top-up amount and transaction fee is deducted from the User’s Main Account.2.4 Singtel Mobile reserves the right to amend the prepaid top-up fixed denominations and transaction fee at any time.

• The corresponding top-up amount will be credited to the Recipient’s Special Bonus Account and if the Recipient’s Special Bonus Account is due to expire within the next fourteen (14) days, the validity of the Recipient’s Special Bonus Account shall automatically be extended by fourteen (14) days from the date of top-up.

• MOD employees and Service personnel are rewarded through their normal pay and allowances, Special Bonus Scheme (for Civilians) and the Minor Award Scheme.

More Definitions of Special Bonus

Special Bonus shall have the meaning set forth in Section 4(d) below.

Special Bonus means any bonus payable to a Participant pursuant to the terms of the Participant’s initial offer letter of employment which is dated on or after January 1, 2008. To constitute a Special Bonus hereunder, the offer letter must specifically refer to the deferability of the bonus by explicit reference to this Plan and the offer letter and deferral election must be accepted and elected in writing by the Eligible Officer before his or her commencement of employment.

Special Bonus means, with respect to the five month period ending December 31, 2007:

Special Bonus means a non-guaranteed amount to be declared by us at our absolute discretion pursuant to provision C.

Special Bonus has the meaning attributed to such term in section 3.4;

Special Bonus means a discretionary award granted to an Employee outside of the Annual Incentive Plan which is designated as eligible (or required) to be deferred by the Vice President – Human Resources. Only those Employees who would be eligible to participate in this Plan without regard to a Special Bonus shall be able to defer a Special Bonus under this Plan.

Special Bonus is defined in Section 3.4.