Incentive Bonus definition

Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

Incentive Bonus has the meaning set forth in Section 3(b).

Incentive Bonus means a bonus opportunity awarded under Section 12 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria established for a specified performance period as specified in the Award Agreement.

Examples of Incentive Bonus in a sentence

• The Incentive Bonus for the 2022 calendar year shall be determined by the Compensation Committee in accordance with the annual compensation program of the Company as communicated to Executive in the first quarter of 2022.

• Nothing in this Section 3(c)(i), nor anything else in this Agreement, entitles or shall be interpreted to entitle Executive to any guaranteed minimum Incentive Bonus at any time during the Term and, unless otherwise provided in Section 5(a) or Section 5(b), Executive’s receipt of an Incentive Bonus is expressly contingent upon Executive being actively employed by the Bank through the date that any such Incentive Bonus is actually paid to Executive.

• Except as otherwise provided herein, Executive must be employed with the Company or the Bank on December 31 of the calendar year to which the Incentive Bonus relates to be eligible to receive such Incentive Bonus.

• Any Incentive Bonus earned shall be payable in cash no later than March 15 of the year following the year in which the bonus is earned in accordance with the Bank’s normal practices for the payment of annual short-term incentives.

• All determinations with respect to any Incentive Bonus, including whether applicable Company, Bank and/or Executive performance goals, criteria, and/or targets have been met, shall be made by the Company Board in its sole and reasonable discretion, and shall be final, conclusive, and binding on all parties.

More Definitions of Incentive Bonus

Incentive Bonus as defined in Section 2.2 hereof.

Incentive Bonus shall have the meaning assigned to it in Section 6.

Incentive Bonus means, for each Eligible Executive, a bonus opportunity amount determined by the Committee pursuant to Section 5 below.

Incentive Bonus means the amount established pursuant to this Section 6(b).

Incentive Bonus means the amount established pursuant to this Section 4(a).

Incentive Bonus has the meaning set forth in Section 3(b), and for purposes of determining a Severance Amount, the term shall include any amounts subject to Executive’s elective deferrals under a deferred compensation plan of the Company and shall specifically exclude Company contributions under a deferred compensation plan of the Company.

Incentive Bonus means a bonus opportunity awarded under Section 11 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria established for a performance period of not less than one year as are specified in the Award Agreement.