Target Variable Cash Compensation definition
Target Variable Cash Compensation means the Executive’s variable cash compensation target for the then current fiscal year, calculated as though the Company and the Executive achieved, as of the applicable measurement date, the Company’s financial targets and the Executive’s financial targets and individual goals, each at the 100 percent level.
Target Variable Cash Compensation. (as defined in the Executive Agreement), divided by 365, to the extent that I reasonably expend any time in performing activities at the Company’s request pursuant to this Section 3 at any time more than [insert: one year if Release executed in connection with Section 2 / 18 months if Release executed in connection with Section 3] after my separation from employment; provided that I acknowledge that I shall not at any time be entitled to compensation for time spent in activities that could have been compelled pursuant to a subpoena, including testimony and related attendance at depositions, hearings or trials.
Target Variable Cash Compensation means the Executive’s annual incentive compensation target for the then current fiscal year, calculated as though the Company and the Executive achieved, as of the applicable measurement date, the Company’s financial and operational targets, each at the 100 percent level. For all years, eligibility for cash incentive compensation shall be contingent on the Executive’s employment through the end of the calendar year for which incentive compensation is determined, unless otherwise provided herein. Incentive compensation for any calendar year will be payable in a lump sum in cash within 75 days after the end of such year.
Examples of Target Variable Cash Compensation in a sentence
The cash incentive compensation for calendar year 2017 will be based on the Executive’s base salary and target variable cash compensation in effect prior to the Commencement Date for the period prior to the Commencement Date and on the Base Salary and Target Variable Cash Compensation set forth herein from and after the Commencement Date.
The Executive’s Target Variable Cash Compensation for calendar year 2022 shall be 100 percent of his Base Salary.