Target Annual Bonus definition
Target Annual Bonus has the meaning set forth in Subsection 3b.
Target Annual Bonus as of a certain 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.
Target Annual Bonus see Section 4.2.
Examples of Target Annual Bonus in a sentence
Following 2026, the Executive’s “Target Annual Bonus” shall be established by the Company, or its duly authorized delegate, at the beginning of each year and shall be a percentage of Executive’s Base Salary, not to be less than 50% (it being understood that the actual Annual Bonus eventually earned could be lesser or greater than the Target Annual Bonus).
Executive acknowledges and agrees that, effective as of the Effective Date, Executive has no expectation of, and shall not be entitled to, any annual bonus pursuant Section 5 of the Employment Agreement or any Target Annual Bonus amount notwithstanding any such annual bonuses that are paid to similarly situated senior executives of the Company or its parent company.
More Definitions of Target Annual Bonus
Target Annual Bonus means an amount that is no less than 100% of the Executive’s then current Base Salary.
Target Annual Bonus means that level of Annual Bonus achieved at one times the Base Salary.
Target Annual Bonus means the Executive’s annual bonus for the Employer’s fiscal year in which the Date of Termination occurs, which bonus would be paid or payable if the Executive and the Employer were to satisfy all conditions to the Executive’s receiving the annual bonus at target (although not necessarily the maximum annual bonus); provided that such amount shall be annualized for any fiscal year consisting of less than 12 full months; and provided, further, that, if at the time of a Change of Control it is substantially certain that a bonus at a level beyond target will be paid or payable for the fiscal year, then the bonus which is substantially certain to be paid or payable, rather than the target bonus, shall be used for these purposes.
Target Annual Bonus shall have the meaning set forth in Section 4(b) hereof.
Target Annual Bonus means, with respect to any Participant, the Participant’s target bonus opportunity under the annual corporate incentive plan applicable to the Participant.
Target Annual Bonus shall have the meaning set forth in Section 4(b) of this Agreement.
Target Annual Bonus means an Eligible Executive’s target annual bonus for the calendar year that includes such Eligible Executive’s Date of Termination.