Target definition
Examples of Target in a sentence
Any such review and access shall be conducted during normal business hours, upon reasonable prior notice and in a manner that does not interfere with, disrupt or adversely affect the business and operations of the Target Group Companies.
An amount equal to two times the sum of Executive’s (A) Annual Base Salary at the rate in effect as of Executive’s Termination Date (or if Executive’s employment terminated due to Good Reason based on a reduction in Executive’s Annual Base Salary, at the rate in effect immediately before such reduction) and (B) Target Bonus (or if Executive’s employment terminated due to Good Reason based on a reduction in Executive’s Target Bonus, at the target amount in effect immediately before such reduction).
For a termination by Executive other than during the 12-month period beginning on the date of a Change in Control (as defined above), the events that will be considered Good Reason are (A) a termination of the employment agreement other than as permitted by its terms; or (B) a material reduction in Executive’s Annual Base Salary or Target Bonus, in each case, which is not made for all similarly situated executives.
An amount equal to one times the sum of Executive’s (A) Annual Base Salary at the rate in effect as of Executive’s Termination Date (or if Executive’s employment terminated due to Good Reason based on a reduction in Executive’s Annual Base Salary, at the rate in effect immediately before such reduction) and (B) Target Bonus (or if Executive’s employment terminated due to Good Reason based on a reduction in Executive’s Target Bonus, at the target amount in effect immediately before such reduction).
The number of Actual PRSUs may be greater or fewer than the Target Number.