Targeted Total Compensation definition
Targeted Total Compensation means, as of any time, the sum of Executive’s (1) Base Salary, (2) Targeted Compensation, and (3) targeted value of his annual stock option award, annual restricted stock or restricted stock unit award (ignoring the value of the options, restricted stock or restricted stock units granted before the Effective Date) as adopted by the Committee.
Targeted Total Compensation is defined as the sum of Executive's Annual Base Salary, Executive's Targeted Bonus, and the targeted value of any options and/or restricted shares granted to Executive in connection with the annual compensation review. For purposes of this Section, the value of any such option or restricted share grants will be calculated by Schwab using the methodology that is utilized to value equity or option grant for Schwab Management Committee members.
Examples of Targeted Total Compensation in a sentence
The value of such grant is an amount that will put Executive's Targeted Total Compensation within the range of the Targeted Total Compensation for Schwab Management Committee members.
The value of such grants will be an amount that will put Executive's Targeted Total Compensation within the range of the Targeted Total Compensation for Schwab Management Committee members.