year-end Target definition
year-end Target means, an estimate included within the accounts set forth in Appendix 26 for which the actual cost realized is only known in the first Performance Period after each fiscal year. Continental and Contractor agree that any changes from current accounting practices that affect Appendix 26 shall be communicated in writing to Continental and Appendix 26 shall be modified accordingly from time to time.”
year-end Target. Level is being calculated from its loans and investments reduced by the cumulative amount paid or accrued by First Security Bank during the Reference Period of (i) any interest paid or accrued on any indebtedness of First Security Bank, including without limitation, deposit liabilities and obligations to the Corporation, (ii) any interest paid or accrued by the Corporation on any indebtedness for borrowed money that is allocable to funds invested as capital in First Security, and (iii) any additions (as determined and prescribed by the Corporation) that are made to First Security's loan loss reserve during the Reference Period.
Examples of year-end Target in a sentence
Executive’s 2022 year-end Target Bonus (and on a going-forward basis), may be fulfilled with a maximum 50% of such bonus paid in cash, and the remaining 50% portion paid in RSUs (the award of which is based on Executive’s performance and Company performance, as further contemplated in this Employment Agreement), that are immediately vested.