Bonus Formula definition

Bonus Formula means as to any Performance Period, the formula established by the Committee pursuant to Section 6 in order to determine the Bonus amounts, if any, to be paid to Participants based upon the level of achievement of targeted goals for the selected Performance Measures. The formula may differ from Participant to Participant or business group to business group. The Bonus Formula shall be of such a nature that an objective third party having knowledge of all the relevant facts could determine whether targeted goals for the Performance Measures have been achieved.

Bonus Formula means the formula for calculating an Associate’s Bonus on the basis of a performance goal established under the Plan or otherwise.

Bonus Formula means, as to any Performance Period, the formula established by the Committee with respect to the CEO, and by the CEO or the Committee with respect to other Entitled Employees, to determine the amounts available for Bonuses and the Bonus amounts, if any, to be paid to Entitled Employees based upon such compensation as the Committee may determine and the level of achievement of targeted goals for the selected Performance Measures. The formula may differ from Entitled Employee to Entitled Employee or from Bonus Classification to Bonus Classification.

Examples of Bonus Formula in a sentence

• Density Bonus Formula: For projects resulting in a net increase of six (6) or more dwelling units, the applicant has the option of obtaining a density bonus in exchange for the provision of affordable housing.

• Although this move was driven largely by economic considerations and its implementation had little impact on the European military balance, the Europeans received a strong argument in the negotiation on Canadian access to the EU market.

• No amendment to the Plan may change any performance goal or Bonus Formula which has been established for an Associate, or affect any Associate’s right to receive a Bonus which has been earned as a result of achievement of a performance goal under a Bonus Formula established for the Associate before the amendment, unless the Associate consents to the change.

• Illustration: Components of Bonus Formula at Banco AdemiThe monthly bonus for the loan officers is calculated on the basis of three variables:1.

• The Committee will have the authority to establish for any Associate who is an officer or a key Associate of the Company, a performance goal and a Bonus Formula related to that performance goal, for any fiscal year of Lennar, or for a period which is shorter or longer than a single fiscal year.

More Definitions of Bonus Formula

Bonus Formula means as to any Performance Period, the formula established by the Committee pursuant to Section 6 in order to determine the Bonus amounts, if any, to be paid to Participants based upon the level of achievement of targeted goals for the selected Performance Measures. The bonus formula may include adjustments for individual performance considerations in addition to the selected Performance Measures. The formula may differ from Participant to Participant or business group to business group.

Bonus Formula means, with respect to any Performance Period, the formula established by the Committee pursuant to Section 6 in order to determine the Bonus amounts, if any, to be paid to Participants based upon the level of achievement of

Bonus Formula means the specific objective goal or goals and/or applicable formula(s) for determining the amount of a Participant's Award and the form of payment thereof (cash and/or Shares, etc.) that are from time to time determined and set in writing by the Committee for the applicable Performance Period(s).

Bonus Formula has the meaning set forth in Section 5.6.

Bonus Formula means the formula pursuant to which bonuses payable to Participants for each Performance Period are determined, based on the extent to which the performance goal or goals set forth therein have been achieved during the Performance Period, which formula can be revised at the discretion of the Compensation Committee.

Bonus Formula means a formula determined jointly and in good faith by the Board and Executive designed to provide Executive with incentive compensation each fiscal year commensurate with Executive's status and position as Chairman of the Board, Chief Executive Officer and founder of Company and the contribution and expected contribution of Executive to the success of Company; it being agreed that such formula is to be determined prior to the end of the third quarter of each of the Company's fiscal year during the Employment Term. The Bonus Formula may provide for appropriate adjustment in order to reflect special factors, including, without limitation, material changes in accounting policies or practices, material acquisitions or dispositions or other unusual or unplanned items (an "Adjustment Event"), which in the judgment of the Board, should be taken into account, in whole or in part, in furtherance of equity; it being understood that it is not intended that any such adjustment will either increase or decrease any Annual Bonus for performance following an Adjustment Event comparable to the performance contemplated in setting the Bonus Formula.

Bonus Formula means the following formula, which shall be calculated for each Participant as follows: (i) EVA multiplied by (ii) three percent (3%), the sum of which shall be multiplied by (iii) the percentage set forth next to such Participant’s name under Section 7 hereof.