Threshold Annual Bonus definition

Threshold Annual Bonus means a dollar amount or a percentage of Base Salary, as determined by the Committee (or its delegate) for each Performance Period, which represents the payment that the Participant will earn if the threshold level of the Performance Measures is achieved.
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Examples of Threshold Annual Bonus in a sentence

  • On the third, the fifth, and the seventh anniversary of the Effective Date, Threshold Annual Bonus, Target Annual Bonus, and Maximum Annual Bonus, all as percentages of Executive’s Base Salary shall be reviewed by the Compensation Committee who may (but is not obligated to) adjust such percentages in its sole discretion; provided however that such percentages shall not be decreased.

  • The Threshold Annual Bonus will be deemed to have been achieved if Executive performs the duties and functions of his office with reasonable diligence during the applicable bonus period, it being understood and agreed that the Threshold Annual Bonus will not be contingent on or based upon the Company’s performance or financial results or the achievement of any financial targets.