Target Bonus Rate definition

Target Bonus Rate means, with respect to the Participant’s Involuntary Termination Absent a Change in Control, the quotient determined by dividing the following amount by twelve (12): the aggregate of all annual incentive bonuses that would be earned by the Participant at the Participant’s annual incentive bonus target rate (assuming attainment of 100% of all applicable performance goals) under the terms of the programs, plans or agreements providing for such bonuses in which the Participant was participating for the fiscal year of the Participant’s Involuntary Termination Absent a Change in Control (without giving effect to any reduction in the Participant’s annual incentive bonus target rate constituting Good Reason); provided, however, that for the purposes of this definition, “annual incentive bonuses” shall not include signing bonuses, retention bonuses or other nonrecurring cash awards that are not part of an annual incentive bonus program.
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Target Bonus Rate means the aggregate of all annual incentive bonuses (excluding signing bonuses or other nonrecurring cash incentive awards) that would be earned by the Participant for the fiscal year of the Participant’s Involuntary Termination at the targeted rate (assuming attainment of 100% of all applicable performance goals) under the terms of the programs, plans or agreements providing for such bonuses in which the Participant was participating immediately prior to such termination of employment.
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Examples of Target Bonus Rate in a sentence

  • The specified Target Bonus Rate may be increased from time to time by the Compensation Committee but shall not be decreased without the Executive’s written consent.

  • The amount of the annual cash bonus, which may be higher or lower than the Target Bonus Rate, shall be determined by the Board of Directors or a duly authorized committee thereof based upon applicable corporate and individual performance targets established by the Board of Directors or such committee in its sole discretion (the “Annual Bonus”).

  • The amount of the annual cash bonus, which may be higher or lower than the Target Bonus Rate, shall be determined by the Board of Directors or a duly authorized committee thereof based upon applicable corporate and individual performance targets established by the Board of Directors or such committee in its sole discretion (the "Annual Bonus").

  • Executive's target annual cash bonus will be equal to 100% (the "Target Bonus Rate") of his Base Salary in effect at the beginning of the relevant fiscal year.

  • The specified Target Bonus Rate may be increased from time to time by the Compensation Committee but shall not be decreased without the Senior Vice President’s written consent.

  • The specified Target Bonus Rate may be increased from time to time by the Compensation Committee but shall not be decreased without the Vice President’s written consent [Note: M▇.

  • At the beginning of each fiscal year, the Compensation Committee will authorize in accordance with the Annual Bonus Plan the Executive's Annual Bonus for that fiscal year which shall be targeted at [amount] percent (__%) of the Executive's Base Salary for that fiscal year (the "Target Bonus Rate").

  • The specified Target Bonus Rate may be increased from time to time by the Compensation Committee but shall not be decreased without the Executive's written consent.

  • Executive's target annual cash bonus will be equal to 100% (the "Target Bonus Rate") of his Base Salary in effect at the beginning of the relevant fiscal year, except that Executive's Target Bonus Rate shall be 75% of his annual rate of base salary for 2004.

  • The amount of the annual cash bonus, which may be higher or lower than the Target Bonus Rate, shall be determined by the Board of Directors of the Company, or following consummation of the US Reorganization Transaction, of WSI, or a duly authorized committee thereof based upon applicable corporate and individual performance targets established by such Board of Directors or such committee in its sole discretion (the "Annual Bonus").