Applicable Bonus means the higher of (i) the Target level bonus for the Participant or (ii) the average of the Participant’s actual bonus payments for the previous three full years (or shorter if the Participant has been employed by the Company less than three years).
Applicable Bonus means the higher of (i) the Highest Recent Bonus (as defined in Section 12(b)(i)) and (ii) the Annual Bonus (as defined in Section 6(c)) paid or payable, including any bonus or portion thereof which has been earned but deferred (and annualized for any fiscal year consisting of less than twelve full months or during which the Executive was employed for less than twelve full months), for the most recently completed fiscal year during the Term, if any (the "Recent Annual Bonus") (such higher amount being referred to as the "Highest Annual Bonus"). For purposes of calculating payments under all sections of this Agreement other than Section 12(f), Applicable Bonus means the Recent Annual Bonus.
Examples of Applicable Bonus in a sentence
Applicable Bonus Formula for each Participant, which may be for an individual Participant or a group of Participants.
An Executive’s “ Current Pro-rata Bonus” is equal to the product of the Executive’s Applicable Bonus times a fraction the numerator of which is the number of months or portion thereof lapsed in the then current year prior to the Qualifying Termination and the denominator of which is twelve.
An Executive’s “ Bonus Severance” is the product of the Executive’s Applicable Bonus times the Executive’s Applicable Tier Multiplier, together with an additional amount equal to the Executive’s Current Pro-rata Bonus.
The Executive’s Applicable Bonus shall be determined without regard to any election the Executive may have made to defer receipt of all or any portion thereof as if there had been no deferral election in effect.
If the Executive’s employment is terminated under the circumstances described in Section 5(a) or 5(d), the Company shall pay the cost of providing the Executive with outplacement services, up to a maximum of five percent (5%) of the sum of the Base Salary and the Applicable Bonus Amount, provided that such services are (a) utilized by the Executive within six months following the Date of Termination and (b) provided by a recognized outplacement provider.
More Definitions of Applicable Bonus
Applicable Bonus means the average of the Executive’s Incentive Compensation in respect of the two fiscal years preceding the fiscal year in which the Date of Termination occurs.
Applicable Bonus means the Target Annual Bonus for the Company fiscal year which includes the Date of Termination.
Applicable Bonus means (i) if the Date of Termination occurs after all the cash incentive compensation in respect of fiscal year 2017 has been paid (or after the time such compensation in respect of 2017 would have been paid in the ordinary course, if none shall be paid), the average of the Executive’s Incentive Compensation in respect of the three fiscal years preceding the fiscal year in which the Date of Termination occurs; (ii) if the Date of Termination occurs after all the cash incentive compensation in respect of fiscal year 2016 has been paid (or after the time such compensation in respect of 2016 would have been paid in the ordinary course, if none shall be paid), the average of the Executive’s Incentive Compensation in respect of fiscal year 2016 and 2015 and the Incentive Compensation from the Predecessor in respect of fiscal year 2014; (iii) if the Date of Termination occurs after all the cash incentive compensation in respect of fiscal year 2015 has been paid (or after the time such compensation in respect of 2015 would have been paid in the ordinary course, if none shall be paid), the average of the Executive’s Incentive Compensation in respect of fiscal year 2015 and the Incentive Compensation from the Predecessor in respect of fiscal year 2014; and (iv) if the Date of Termination occurs before all the cash incentive compensation in respect of fiscal year 2015 has been paid (or before the time such compensation in respect of 2015 would have been paid in the ordinary course, if none shall be paid), the Executive’s Incentive Compensation from the Predecessor in respect of fiscal year 2014.
Applicable Bonus means (i) if the Change in Control occurs on or before, or as of, December 31, 2006, the cash bonus paid (or earned, if earned but not actually paid in full) pursuant to the Bonus Compensation payable pursuant to Section 3(b) above, (ii) if the Change in Control occurs subsequent to (and not as of) December 31, 2006, the average of the cash bonuses paid (or earned, if earned but not actually paid in full) to Executive during the immediately preceding two (2) years; and (iii) if the Change in Control occurs subsequent to (and not as of) December 31, 2007, the average of the cash bonuses paid (or earned, if earned but not actually paid in full) to Executive during the immediately preceding three (3) years.
Applicable Bonus means the annual amount awarded or paid under any incentive or bonus plan or program of the Company and/or, during the first year hereunder, by PanAmSat Corporation and any additional amounts (such aggregate amounts, the "Bonus") paid to the Executive by the Company and/or, during the first year hereunder, by PanAmSat Corporation, during the fiscal year ending immediately prior to the fiscal year in which the termination occurred (excluding, however, the special bonus in lieu of stock option of $950,000 paid to Executive in September of 1996 by PanAmSat Corporation), or the Bonus scheduled to be paid to the Executive during the fiscal year in which the termination occurs, prorated to the date of termination, whichever is greater. The Termination Payment shall be due and payable ten (10) days after the Executive is or has been terminated from, or terminates, his employment with the Company. The Executive and his dependents also shall be entitled to participate, for a period of three years following termination, in all employee welfare benefit plans (as that term is defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended), and to receive or ---------- participate in all other benefit arrangements, policies or practice of the Company to which and in which active executive employees are or shall be entitled to receive or participate in during this period other than qualified pension or profit sharing plans in which he would not legally be entitled to participate.
Applicable Bonus means your individual annual target bonus at the date of termination.
Applicable Bonus means the highest maximum annual bonus that was (or could have been under an established bonus plan) paid to a Participant in respect of any of the three full calendar years preceding or following a Change of Control.