Target Pay definition

Target Pay means the Employee's combined base ---------- salary and variable compensation amount as of the Effective Date as determined in accordance with the Company's 1999 Variable Pay Plan as in effect as of the Effective Date.
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Examples of Target Pay in a sentence

  • Executive shall also be eligible to earn annual variable compensation, the amount of which shall range from zero percent (0%) to one hundred percent (100%) of the Base Salary (such variable compensation, the "Bonus," which, together with the Base Salary, shall be referred to herein as "Target Pay").

  • As of the Effective Date, Executive's annualized Base Salary shall be $150,000, and his annual variable compensation amount shall be targeted at no less than $250,000 (the "Target Bonus" which, together with the Base Salary, shall be referred to herein as "Target Pay"), with an opportunity to earn up to at least $400,000 in annual variable compensation.

  • Except as otherwise provided below, subject to the ------------------ Employee's continued status as Chairman, upon the occurrence of a "Payment Date" (as defined below), the Employee shall be entitled to receive a transition payment in an amount equal to one and one half times the Employee's Target Pay, less applicable withholding (the "Transition Payment").

  • During the term of this Agreement, the Employee's base salary and variable amount for a fiscal period of the Company ("Target Pay") shall be determined in accordance with the Company's 1999 Variable Pay Plan as in effect as of the Effective Date, as amended, or any successor plan (the "Variable Pay Plan").

  • As of the Employment Commencement Date, Executive's annualized Base Salary shall be $1,000,000, and her annual variable compensation amount shall be targeted at no less than $1,250,000 (the "Target Bonus" which, together with the Base Salary, shall be referred to herein as "Target Pay"), with an opportunity to earn up to at least $3,750,000 in annual variable compensation.

  • On or before May 20, 1999, the Company ---------------------- shall grant to the Employee a special restricted stock award (the "Transition Stock Award") under the Company's 1995 Incentive Compensation Plan (the "1995 Plan") for a number of shares of Company common stock determined by dividing (i) three times the Employee's Target Pay as of the date of grant by (ii) the per share fair market value of the Company's common stock as of the date of grant.

Related to Target Pay

  • Target means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.

  • TARGET 2 means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Target Value shall have the meaning stated in Section 7.2 of Schedule D to this Agreement.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).