Target Incentive Bonus definition

Target Incentive Bonus means the Executive’s target annual incentive bonus amount (measured at the target level, identified “goal” target or other similar target, without taking into account any incentive override for above goal performance, or any project-specific or other non-standard incentives) as in effect under the Company’s applicable annual incentive plan for the year of termination. In the event that the Company has notified the Executive in writing that the Executive will be eligible for a Target Incentive Bonus for the year of termination, but a plan has not yet been put into effect, the Target Incentive Bonus shall be the prior year’s target annual incentive bonus amount.
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Target Incentive Bonus means Executive’s annual Incentive Bonus amount(s) payable at the Goal(s) in accordance with the Executive’s EIC plan for the Year of Termination, or such higher amount(s) in effect immediately before any reduction thereof that constituted Good Reason.
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Target Incentive Bonus means the Executive’s target annual incentive bonus amount (measured at the target level, identified “goal” target or other similar target, without taking into account any incentive override for above goal performance, or any project-specific or other non-standard incentives) as in effect under the Company’s applicable annual incentive plan for the year of the Executive’s termination of employment. In the event that the Company has notified the Executive in writing that the Executive will be eligible for a Target Incentive Bonus for the year of termination of employment, but a plan has not yet been put into effect, the Target Incentive Bonus shall be the prior year’s target annual incentive bonus amount.
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Examples of Target Incentive Bonus in a sentence

  • The award of the Target Incentive Bonus may be in an amount either above or below the amount specified by the Board at the beginning of each fiscal year based on the ultimate performance assessed by the Board.

  • In the event that the Company has notified the Executive in writing that the Executive will be eligible for a Target Incentive Bonus for the year of termination, but a plan has not yet been put into effect, the Target Incentive Bonus shall be the prior year’s target annual incentive bonus amount.

  • The amount of the Incentive Bonus shall be reviewed and re-established no less than annually by the Compensation Committee based on its review of bonus-related compensation offered by peer group companies; however, the Incentive Bonus shall not be less than the Minimum Target Incentive Bonus.

  • The Executive shall be eligible for an annual incentive bonus ("Incentive Bonus") of up to 60% of the Executive's Base Pay ("Maximum Incentive Bonus") and is assigned a target incentive bonus ("Target Incentive Bonus") of 30% of the Executive's Base Pay for such year.

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More Definitions of Target Incentive Bonus

Target Incentive Bonus means Executive’s target-level Incentive Bonus for the Fiscal Year during which the Termination Date occurs.
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Target Incentive Bonus shall have the meaning set forth in Section 5 of this Agreement.
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Target Incentive Bonus means the target incentive bonus applicable to the Executive under the Company’s primary annual performance incentive plan for any given performance measuring period that is equal to a year.
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Target Incentive Bonus means an Incentive Bonus opportunity awarded by the Committee to a Participant under the Plan.
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Target Incentive Bonus means the amount of your then applicable "Target bonus" as determined under the Company's 1999 Management Incentive program (or any successor plan then in effect); if your Target Bonus has not yet been determined with respect to a Company fiscal year, the Target Bonus shall be your Target Bonus amount for the immediately preceding fiscal year.
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Target Incentive Bonus means sixty five percent (65%) of Employee's Base Salary;
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Target Incentive Bonus means Executive’s target annual incentive bonus amount (measured at the target level, identified “goal” target or other similar target, without taking into account any incentive override for above goal performance, or any project-specific or other non-standard incentives) in effect under the Company’s applicable Executive Incentive Plan for the year of termination. In the event that the Company has notified Executive in writing that Executive will be eligible for a Target Incentive Bonus for the year of termination, but a plan has not yet been put into effect, the Target Incentive Bonus shall be the prior year’s target annual incentive bonus amount ; provided that if Executive’s employment is terminated in 2012 and an annual incentive plan has not been put in effect for the 2012 fiscal year, the Target Incentive Bonus shall be based on Executive’s annualized 2011 Target Incentive Bonus The Company may adjust the Target Incentive Bonus as appropriate to reflect adjustments made to the target bonuses for other executives of the Company in the current year.
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