Target Annual Bonus Opportunity definition

Target Annual Bonus Opportunity means the amount of the Annual Bonus that the Participant may be eligible to earn in respect of the fiscal year in which the Termination Date occurs, assuming achievement by the Company (or otherwise) of all applicable performance metrics at the “target” level, without giving effect to any reduction thereto on or following a Change in Control.

Target Annual Bonus Opportunity means (x) 100% of the Executive’s base salary for fiscal year 2020, (y) 70% of the Executive’s base salary for fiscal year 2021, and (z) 70% of the Executive’s base salary for fiscal year 2022 and all subsequent fiscal years, unless otherwise determined by the compensation committee of the board of directors of the Company (the “Board”).

Target Annual Bonus Opportunity means the Executive Officer’s target annual cash bonus opportunity as in effect for the year of the Executive Officer’s termination of employment.

Examples of Target Annual Bonus Opportunity in a sentence

• The actual Annual Bonus earned with respect to a fiscal year, if any, will range from zero percent (0%) to two-hundred percent (200%) of the Target Annual Bonus Opportunity and will be based on actual performance against the performance metrics established by the Compensation Committee with respect to such fiscal year, as determined in the Compensation Committee’s sole discretion.

• The Target Annual Bonus Opportunity shall be reviewed at least annually by the Committee for possible increase, as determined in the sole and absolute discretion of the Committee, pursuant to the normal performance review policies for senior executives of the Company.

• Once the Target Annual Bonus Opportunity has been increased hereunder it shall not subsequently be decreased during the Employment Period.

• The Executive’s target Annual Bonus opportunity for each calendar year that ends during the Employment Period shall be $700,000 (the “ Target Annual Bonus Opportunity ”).

• The use of this approach as a general business practice in service plan development will not be allowed.PROVIDER: Enter the name or designated code of the contract provider assigned to service provision.

• For calendar year 2013, the Executive’s Target Annual Bonus Opportunity shall equal $260,000.

• If the Executive’s employment is terminated (x) by the Company other than for Cause or Disability or (y) by the Executive for Good Reason, in addition to the Accrued Amounts, the Executive shall be entitled to a payment equal to two (2) times the sum of his Base Salary at the rate in effect immediately prior to the Termination Date plus the Target Annual Bonus Opportunity for the year of such termination (such payments, the “Severance Payments”).

• The product of (x) 0.75 multiplied by (y) the sum of the Participant’s Annual Base Salary and Target Annual Bonus Opportunity.

• At the election of the Participant, and subject to the approval of the Committee and such rules and limitations as may be established by the Committee from time to time, such withholding obligations may be satisfied through the surrender of Shares which the Participant already owns, or to which the Participant is otherwise entitled under the Plan.

• The Company shall pay to the Executive an amount equal to (i) $2,187,500, which represents two (2) times the Executive’s current base salary and Target Annual Bonus Opportunity (as defined in the Employment Agreement) for the year of Separation and (ii) an additional $1,100,000 (the “Separation Payment”).

More Definitions of Target Annual Bonus Opportunity

Target Annual Bonus Opportunity means, as of any date, Executive’s annual bonus opportunity assuming the achievement of

Target Annual Bonus Opportunity means, as of any date, Executive’s annual bonus opportunity assuming the achievement of target performance under any Company-maintained annual incentive plan expressed as a percentage of Executive’s then annual rate of salary, without regard to any salary deferral; provided, however, if Executive’s annual bonus is discretionary, then Executive’s Target Annual Bonus Opportunity shall be deemed equal to 100% of Executive’s base salary.

Target Annual Bonus Opportunity means, as of any date, Participant’s annual bonus opportunity assuming the achievement of target performance under any Company-maintained annual incentive plan expressed as a percentage of Participant’s then annual rate of salary, without regard to any salary deferral.

Target Annual Bonus Opportunity in the first sentence of Section 4.2(a) of the Employment Agreement shall be deleted in its entirety and replaced with the term “Annual Bonus.”