Bonus Year definition

Bonus Year means an annual bonus period under the MIC Plan or a New MIC Plan.

Bonus Year shall have the meaning set forth in Section 2(b) of this Agreement.

Bonus Year means fiscal year of the Company, PROVIDED, HOWEVER, that in the event the fiscal year of the Company is changed, any calculations made under Section 3.2 and Exhibit A shall be proportionately adjusted as the Board, in its sole and absolute discretion, shall deem appropriate.

Examples of Bonus Year in a sentence

• Payment of the Bonus shall be pursuant to, and as set forth in, the terms of the Executive Bonus Plan as such Plan may be amended from time to time, with such Bonus and other bonuses, if any, being paid on or before March 15 of the year next following the Bonus Year.

• Cash payments made in respect of the Current Bonus Year (including pursuant to the Annual Bonus Plan) will also be subject to the usual deductions for income taxes and national insurance and similar social security deductions or contributions.

• The bonus for any Bonus Year will be payable to you in accordance with the terms of the MIP at the same time as other senior executives of the Company are paid, after the Company closes its books for the Bonus Year.

• The Annual Bonus, if any, due to the Executive for any Bonus Year, shall be paid to the Executive no later than March 15th of the year following the end of the applicable Bonus Year.

• Notwithstanding the foregoing, the bonus in any Bonus Year shall not exceed 33-1/3% of the salary compensation set forth in Section 4 for such year (prorated if any partial year is involved).

More Definitions of Bonus Year

Bonus Year means the period of January 1 to December 31 each year, used by the Employer to assess awards to the Employee under the Annual Incentive Plan or any other bonus or incentive plan established by the Employer;

Bonus Year means any fiscal year of the Company.

Bonus Year means the financial year of the Company (or other relevant period) over which the Bonus is earned by reference to performance over that financial year (or other relevant period);

Bonus Year or "Year" shall mean a calendar year;

Bonus Year means an annual bonus period under the Management Incentive Plan.

Bonus Year. ’ shall mean the calendar year for which an annual bonus is payable.

Bonus Year means in respect of the Corporate Balanced Bonus Portfolio only, the period of 12 months commencing on 1st January of each year.