Target Bonus Opportunity definition

Target Bonus Opportunity means the annual target bonus opportunity that would have been granted to Executive with respect to the next fiscal year beginning after his date of termination, had his employment continued with Company, and assuming Executive’s target bonus in that future fiscal year was equal to his target bonus percentage for the fiscal year in which Executive’s date of termination occurs.

Target Bonus Opportunity means, with respect to each Eligible Employee, a target bonus expressed as a percentage of his or her annual base salary, which is intended as an approximation of the bonus payment that would be paid if aggressive performance goals and other expectations are met by both the Eligible Employee and the business segment or unit he or she is employed by. The Target Bonus Opportunity for each Eligible Employee shall be periodically established (i) by senior management of the applicable business segment or unit and (ii) by the Committee, in the case of certain Senior Executives designated by the Committee (subject to applicable employment agreements).

Target Bonus Opportunity means the percentage of Base Salary that has been set by the Company’s Compensation Committee as the target level of achievement for Executive in the Company’s annual short-term bonus or other similar plan that affords the Executive the opportunity to achieve an annual bonus on account of performance against certain goals for a given fiscal year.

Examples of Target Bonus Opportunity in a sentence

• Results from 97% to 103% of the Operating Income Target will result in a preliminary bonus amount equal to 100% of the Target Bonus Opportunity.

• The Committees will establish a Target Bonus Opportunity (in U.S. dollars), for each participant for the first year of his/her participation in the Plan.

• The performance range in the Bonus Schedule shall be from 72% to 123% of the Operating Income Target with results at 72% or less producing a preliminary bonus amount equal to 50% of the Target Bonus Opportunity and at 123% or more producing a preliminary bonus amount equal to 150% of the Target Bonus Opportunity.

• In the second and subsequent Plan Years of participation, the Target Bonus Opportunity for each participant shall be calculated by multiplying the Target Bonus Opportunity for the prior Plan Year by a percentage equal to 100 plus the percentage change in the Operating Income Target for the new Plan Year as compared to the Operating Income Target of the prior Plan Year.

• The Committees will also approve a schedule (the “ Bonus Schedule”) that calibrates the Operating Income Target for the Plan Year with the Target Bonus Opportunity for each participant.

More Definitions of Target Bonus Opportunity

Target Bonus Opportunity means, for any given year, the amount set by the Board as the target bonus opportunity for the Executive.

Target Bonus Opportunity means the annual target bonus communicated to Officer for determining cash bonus opportunity, which is calculated as a percentage of Officer’s Base Salary, disregarding any reduction that may occur between the Effective Date and the Retention Date or Separation Date, as applicable.

Target Bonus Opportunity means the Eligible Employee’s target annual incentive amount under the Companies’ Annual Cash Incentive Award Plan (“CIP”) for the year in which the Eligible Termination occurs, or, if the target annual incentive for such year has been decreased from the prior year’s target annual incentive or has not been established as of the date of the Eligible Termination, then the target annual incentive for the prior year.

Target Bonus Opportunity means the percentage of a Participant’s Base Salary, or predetermined dollar amount, that may be awarded to a Participant upon attainment of the requisite level of performance with respect to a Performance Measure specified for Target Performance during a Performance Period.

Target Bonus Opportunity means the dollar value of the incentive bonus opportunity awarded to each Participant at the beginning of each Plan Year based upon the Participant's Base Annual Salary, Salary Grade and corresponding Target.

Target Bonus Opportunity means the annual target bonus communicated to the Participant for determining cash bonus opportunity, which is calculated as a percentage of the Participant’s Base Salary, disregarding any reduction in Base Salary or target percentage that may occur between the Effective Date and the Retention Date.

Target Bonus Opportunity means the bonus, as a percentage of the Executive’s base salary, that the Executive is eligible to earn on an annualized basis, at the target level, under the MIP or any similar annual incentive bonus plan in which the Executive participates on or after the Effective Date.