Special Bonus Amount definition

Special Bonus Amount means an amount equal to the sum of (i) two times Executive’s annualized base salary as in effect pursuant to Section 4.1 immediately prior to the Retirement Date, (ii) the annual cash performance bonus, if any, paid to Executive by Company pursuant to Section 4.2 with respect to the 2017 calendar year, and (iii) $600,000.”
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Special Bonus Amount means a special bonus awarded by the Committee to the Participant, as described in Section 4.1.
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Special Bonus Amount means a bookkeeping entry credited to a Participant’s Special Bonus Account representing a special bonus awarded by the Board to the Participant.
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Examples of Special Bonus Amount in a sentence

  • For each Plan Year, the Committee, in its sole discretion, shall determine with respect to each Participant whether such Participant shall be awarded a Special Bonus Amount for part or all of such Plan Year and, if so, in what amount.

  • Labelling : 2.2 : Non-flammable, non-toxic gases.Transport by road/rail (ADR/RID)Class : 2Classification code : 3A SAFETY DATA SHEET Hazard identification number : 22Tunnel Restriction : C/E - Tank carriage : Passage forbidden through tunnels of category C, D and E.

  • For each Plan Year, the Committee, in its sole discretion, shall determine with respect to each Eligible Employee whether such Eligible Employee shall be entitled to a Special Bonus Amount for such Plan Year and, if so, in what amount.

  • Each Participant shall, by filing an election with the Company, in a format approved by the Company, elect the investment options in which each Special Bonus Amount is to be invested.

  • On and after the effective date of this amended and restated Plan, any Special Bonus Amount awarded under this Plan shall be distributed in a lump sum payment, as soon as administratively feasible (but not later than fifteen days), after such Special Bonus Amount becomes vested as otherwise provided in Section 6.1.

  • Neither such factors, nor the fact that an Eligible Employee has been granted a Special Bonus Amount with respect to prior Plan Years shall in any way restrict the Committee’s discretion with respect to Special Bonus Amounts.

  • Neither of such factors, nor the fact that a Participant has been awarded a Special Bonus Amount with respect to prior Plan Years shall in any way restrict the Committee’s discretion with respect to the awarding of future Special Bonus Amounts.

  • In determining the amount of the Special Bonus Amount, the Committee shall among other factors give consideration from time to time to dividends paid, or expected to be paid, on Common Stock during such Plan Year and to the number of Options held and outstanding by each Participant during such Plan Year.

  • In determining the amount of the Special Bonus Amount, the Board shall give consideration to dividends paid, or expected to be paid, on Common Stock during such Plan Year and to the number of Options issued and outstanding to each Eligible Employee during such Plan Year.

  • For example, if a Participant is 40% vested in his outstanding Options when a Special Bonus Amount is credited, he will have a 40% vested interest in any Special Bonus Amount credited to his Special Bonus Account.


More Definitions of Special Bonus Amount

Special Bonus Amount means $587,133 in Currency. The amount of the Special Bonus Amount was determined based on an allocation of $350,000 in respect of relocation expenses anticipated to be incurred by Employee and $237,133 in respect of interests that would have been payable to Employee by Employee’s Former Employer.
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Special Bonus Amount means, if the Excess Cash Amount is positive, an amount equal to 7.05% of the Excess Cash Amount.
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Special Bonus Amount means an amount equal to Two Million Three Hundred Eighty-Nine Thousand One Hundred Sixty-Seven Dollars ($2,389,167).
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Related to Special Bonus Amount

  • 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.

  • 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).

  • 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.

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

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

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

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

  • 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.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • 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.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

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

  • 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.

  • 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).

  • 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.

  • 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.

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

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Transaction Bonuses means any transaction bonuses payable by the Sellers or their Affiliates on or after the Closing to the Transferred Employees.

  • Bonus means the bonus described in the Section 2.3.

  • Severance Amount means:

  • Retention Bonus means the amount equal to:

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • 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.

  • 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.

  • 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.