Target Percentage definition

Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

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Target Percentage means 25.01%; provided, that if the number of Common Shares having voting power equal to 25.01% of the Total Voting Power is not a whole number of shares, the number of Common Shares necessary to achieve the Target Percentage will be rounded up to the nearest whole number.

Target Percentage is defined in Section 4.2(b). -----------------

Examples of Target Percentage in a sentence

• Following the close of each calendar year, the Company will determine whether Executive has earned the Annual Bonus, and the amount of any Annual Bonus (which can be less than the Target Percentage), based on the set criteria.

• If the Committee determines that the applicable Bonus Metrics have been achieved at or above a “threshold” level with respect to the applicable performance year, then, based on the level of such achievement, the Executive shall be entitled to receive payment of the applicable Cash Bonus (which may be less than, equal to, or greater than the Target Percentage based on the level of performance achieved and the terms of the Annual Bonus Plan).

• The Compensation Committee shall be entitled to amend or supplement the Incentive Plan, the award formula, and the Target Percentage from time to time.

• The Company shall pay to the Executive a lump sum cash payment equal to: (x) the product of (i) the Executive's highest annual base salary in effect during the one (1) year period preceding the Executive's Date of Termination divided by twelve (12) and (ii) the Executive's Target Percentage (determined as of the Date of Termination), multiplied by (y) the number of months (including fractions thereof) elapsed from the first day of the Termination Year to the Date of Termination.

• If the Compensation Committee determines that the applicable Bonus Metrics have been achieved at or above a “threshold” level with respect to the applicable performance year, then, based on the level of such achievement, the Executive shall be entitled to receive payment of the applicable Cash Bonus (which may be less than, equal to, or greater than the Target Percentage based on the level of performance achieved and the terms of the Annual Bonus Plan).

More Definitions of Target Percentage

Target Percentage means, with respect to any Participant for any Plan Year, a percentage, not to exceed 150%, established by the Committee with respect to such Participant and such Plan Year. If no other percentage is selected by the Committee, the Target Percentage shall be 50%.

Target Percentage means the percentage of aggregate statewide valuation for assessment represented by the valuation for assessment which is attributable to residential real property in the year immediately preceding the year in which a change in the level of value occurs.

Target Percentage means, with respect to a calendar year during the Performance Period, a percentage established by the Committee as the Target Percentage for such calendar year, which percentage shall be greater than the Threshold Percentage and less than the Maximum Percentage established by the Committee for such calendar year; provided, however, that for purposes of clause (ii) of the first paragraph of Part III. of this Exhibit A, the “Target Percentage” for each calendar year during the Performance Period shall be 90%.

Target Percentage means a percentage applicable to each Participant that has been established by the Committee within the first 90 days of the Company's 2007 fiscal year or, in the case of new hires or Participants who are promoted, established at the time of hiring or promotion, consistent with those established for the same or similar position by the Committee within the first 90 days of the 2007 fiscal year.

Target Percentage means the percentage equal to the Purchase Amount divided by the Post-Money Floor Valuation.

Target Percentage means (I) fifty percent (50%) for the fiscal year of the Company ended June 30, 1996, and (II) for each subsequent fiscal year of the Company during the Term, a percentage of Executive's minimum salary which will provide Executive with a reasonable compensation incentive for the Company's obtaining the Target Amount for such fiscal year and which the Board in good faith shall establish by resolution as the Target Percentage within thirty (30) days after the first day of such fiscal year.

Target Percentage shall have the meaning specified in subsection 4.20 of the Agreement.