Target Bonus definition

Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

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Target Bonus has the meaning described in Section 4(b).

Target Bonus means Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

Examples of Target Bonus in a sentence

• A single, lump sum, cash payment equal to the product of (i) the Executive’s Target Bonus, if any, that the Executive would have earned for the entire fiscal year in which the Qualifying Termination occurs; and (ii) a fraction, the numerator of which is the number of days the Executive was employed by the Company during the fiscal year in which the Qualifying Termination occurs and the denominator of which is the number of days in such fiscal year.

• Executive’s Target Bonus is subject to discretionary increases by the Board.

• In addition to his Base Salary, Executive shall be eligible to receive an annual discretionary Target Bonus of 110% of the Executive's Base Salary, in each case as approved by the Board (the "Target Bonus"), based on (i) the performance of the Employer, and (ii) the performance criteria for the Executive as determined by the Board in its sole discretion, which shall be reasonably formulated in consultation with the Executive based on the objectives and operational state of the business.

• In addition, the Executive shall be entitled to receive the pro rata portion of the Target Bonus (based on it being payable in full) up to the date of the Disability.

• In the absence of the Board's communication to the Executive of the performance criteria for the Target Bonus or RSUs by March 31st of a performance year (subject to any extensions agreed amongst the Employer and the Executive), it shall be assumed at year-end that the Executive is entitled to the full amount of the Target Bonus.

More Definitions of Target Bonus

Target Bonus shall have the meaning set forth in Paragraph 5(b) hereof.

Target Bonus shall have the meaning set forth in Section 3(b).

Target Bonus has the meaning set forth in Section 5(b).

Target Bonus means the percentage of salary or level of bonus for Employee which is set by the Compensation Committee at the beginning of each year as an incentive goal to be achieved (it being understood that the actual bonus eventually earned could be lesser or greater than the Target Bonus).

Target Bonus means the full amount of the targeted annual short-term incentive bonus that would be payable to the Executive, assuming the targeted performance criteria on which such annual short-term incentive bonus is based were deemed to be satisfied, in respect of services for the calendar year in which the date in question occurs.

Target Bonus means the target cash bonus for which the Executive is eligible on an annual basis, at a level consistent with the Executive's title and responsibilities, under the Company's bonus program then in effect and applicable to the Company's senior executives generally.

Target Bonus means the target bonus (100% level) established for the Executive for the year in question under the Company's "Annual Incentive Plan" or "Performance Unit Plan," as applicable.