TARP bonus definition
TARP bonus means an aggregate disqualified bonus of five hundred thousand dollars or more received from covered TARP recipients, where such bonus represents a payment received in the taxable year commencing January 1, 2010, and prior to December 31, 2010, or January 1, 2011, and prior to December 31, 2011, or award for work performed during the taxable year commencing January 1, 2010, and prior to December 31, 2010, or January 1, 2011, and prior to December 31, 2011. "TARP bonus" includes, but is not limited to, cash, loans, payments received in a medium other than cash, or arrangements for future payments.
Examples of TARP bonus in a sentence
The number of RSUs subject to the Target Award, plus the aggregate value of all other “long term restricted stock” that is intended to be exempt from the TARP bonus prohibition for the fiscal year in which the Grant Date occurs, shall not exceed 1/3 of the Participant’s annual compensation for such fiscal year, determined by including the total Fair Market Value of all equity-based compensation granted during such fiscal year in the Participant’s annual compensation.