TARGET BONUS LEVEL definition
TARGET BONUS LEVEL means, for any Performance Period, the fixed dollar amount or the percentage of the Participant’s Base Compensation deemed by the Committee to be the Target Bonus Level for the Participant for such Performance Period.
TARGET BONUS LEVEL means, for any Plan Year, the fixed dollar amount or the percentage of the Participant's Base Compensation deemed by the Board to be the Target Bonus Level for the Participant in that Plan Year.
Examples of TARGET BONUS LEVEL in a sentence
FINANCIAL PERFORMANCE SCALE: <TABLE> <CAPTION> PERFORMANCE PERCENT FINANCIAL FINANCIAL PERCENT TARGET BONUS LEVEL GOAL ATTAINED GOAL EARNED ------------ ----------------------------------- --------- -------------------- <S> <C> <C> <C> Outstanding 120% TBD 200% Target 100% TBD 100% Threshold Greater of 80% or prior year actual TBD 50% Below Threshold Lesser of 80% or prior year actual TBD 0% </TABLE> - Bonus payouts for achievement between these results will be calculated by linear interpolation.