Target STI Bonus definition
Target STI Bonus means a target bonus amount established by the Committee for each Participant for a fiscal year, which will be equal to a stated dollar amount or a stated percentage of the Participant’s base salary, as determined by the Committee.
Examples of Target STI Bonus in a sentence
The Executive’s Target STI Bonus and Target LTI Bonus is not a guaranteed amount, and payments or equity awards, if any, can range from 0-200% of the target in a given year.
The Executive’s Target STI Bonus and Target LTI Bonus will be reviewed periodically and may vary subject to the Board’s recommendation and approval.