Total Bonus Amount definition

Total Bonus Amount means the amount set forth on Exhibit A to this Compensation Plan for all Eligible Executives based on the amount of the Award or Settlement, as such amount may be reduced pursuant to subsection 3 below.
View Source
Total Bonus Amount means the amount, if any, determined under Section 4.1 in connection with the Sale.
View Source
Total Bonus Amount means $571,658.00, the aggregate of all Bonus Payments to all Persons.
View Source

Examples of Total Bonus Amount in a sentence

  • Up to twelve and a half percent (12.5%) of the Total Bonus Amount shall be payable within 30 days of the end of each fiscal quarter (for a total of up to 50% of the Total Bonus Amount), based on Executive’s achievement of quarterly objectives, and up to fifty percent (50%) of the Total Bonus Amount shall be payable within 30 days after the end of the fiscal year, based on Executive’s achievement of annual objectives.

  • Such amounts shall be timely funded by Parent or the Surviving Corporation, as the case may be, to enable the Total Bonus Amount to be payable as set forth below and shall be allocated, within the ranges set forth on Section 4.9 of the Company’s Disclosure Schedule as to each Affected Employee, in the discretion of the Company’s Chief Financial Officer and Chief Operating Officer, or his designee.

  • Fifty percent (50%) of each Affected Employee’s Total Bonus Amount shall be attributable to their compensation bonus for the current fiscal year, which shall be paid by Parent or the Surviving Company, as the case may be, to each Affected Employee in accordance with the Company’s historical practice.

  • On the next regular payroll date following December 31, 2008, you shall receive a lump-sum payment equal to 52% of the Total Bonus Amount, less applicable withholdings for federal, state and local taxes (the “December 31, 2008 Payment”).

  • On the next regular payroll date following the final day of each month after December 31, 2008, you shall receive an amount equal to 1/48th of the Total Bonus Amount, less applicable withholdings for federal, state and local taxes (each, a “Monthly Bonus Payment”), until such time as you have received Bonuses in the aggregate under this Agreement of a gross amount equal to the Total Bonus Amount.

  • For fiscal year 2006, the Total Bonus Amount shall be based on the achievement of objectives established by the board of directors of the Company or their designee(s) (collectively, the “Board”) for such year.

  • Executive will be eligible to receive a cash performance bonus each fiscal year in an amount equal to 50% of the annual base salary for such fiscal year (the "Total Bonus Amount") based on Executive’s achievement of quarterly and annual performance objectives established by the Board at the beginning of each fiscal year.

  • For fiscal year 2006, the Total Bonus Amount shall be based on the preexisting objectives established by the board of directors of the Company and Parent (collectively, the "Board") for such year.

  • On the next regular payroll date following the final day of each month after December 31, 2008, you shall receive an amount equal to 1/36th of the Total Bonus Amount, less applicable withholdings for federal, state and local taxes (each, a “Monthly Bonus Payment”), until such time as you have received Bonuses in the aggregate under this Agreement of a gross amount equal to the Total Bonus Amount.

  • For the purposes of payment of the cash portion of the Total Bonus Amount in respect of any amounts due hereunder in Argentine pesos that are to be calculated by reference to U.S. Dollar amounts or equivalents, the Company shall use the exchange rate (as reasonably determined by GCL’s Chief Financial Officer) between the Argentine peso and the U.S. Dollar.


More Definitions of Total Bonus Amount

Total Bonus Amount means the sum of the First Installment, the Second Installment and the Third Installment.
View Source

Related to Total Bonus Amount

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and Executive are subject. An example of the calculation of the Bonus Payment is set forth below: Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and Executive is not subject to state income taxes. Further assume that Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 in Excise Taxes are payable. The amount of the required Bonus Payment is thus $100,000. The Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.