Target Opportunity definition

Target Opportunity has the meaning assigned thereto in Section 2.1; and

Target Opportunity means the Executive’s annual target bonus opportunity, expressed as a percentage of the Base Salary then in effect. “Term” has the meaning provided in Section 1.

Target Opportunity means the cash Award that a Participant is potentially eligible to earn under the Plan, expressed as a percentage of the Participant's annual base salary at the start of the Performance Period, if the Plan is fully Funded and the Participant's overall performance against Performance Goals meets expectations.

Examples of Target Opportunity in a sentence

• For performance between two established performance levels, the percentage of Target Opportunity paid will be determined by mathematical interpolation.

• Any and all of Your TSR Performance Shares representing the percentage of the Target Opportunity not required to be paid shall not vest, and shall be automatically forfeited on the date the Compensation Committee makes its determination as to the extent to which the Performance Goal has been achieved, but no later than [date], if not previously forfeited in accordance with the terms and conditions applicable to such Performance Shares.

• Company’s Percentile RankingNotwithstanding the foregoing, if the Company’s Three-Year Total Shareholder Return is negative (less than 0.0), the percentage of Target Opportunity paid shall be capped at 100%.

• Company’s Percentile RankingNotwithstanding the foregoing, if the Company’s Total Return on Capital is negative (less than 0.0), the percentage of Target Opportunity paid shall be capped at 100%.

• Any and all of Your ROC Performance Shares representing the percentage of the Target Opportunity not required to be paid shall not vest, and shall be automatically forfeited on the date the Compensation Committee makes its determination as to the extent to which the Performance Goal has been achieved, but no later than [date], if not previously forfeited in accordance with the terms and conditions applicable to such Performance Shares.

More Definitions of Target Opportunity

Target Opportunity means, with respect to a Participant for a fiscal year, a dollar amount established by the Administrator as the Target Opportunity for such Participant with respect to such fiscal year (which, in the discretion of the Administrator, may be expressed as a percentage of such Participant’s Base Salary for such fiscal year (or different percentages of such Participant’s Base Salary with respect to different portions of such fiscal year)).

Target Opportunity means the percent of Annual Eligible Earnings to be paid if Target is achieved. Target Opportunity is determined for each Officer by the Administrator and for each other Participant by the OCE.

Target Opportunity means the Executive’s annual target bonus opportunity, expressed as a percentage of the Base Salary then in effect.

Target Opportunity has the meaning provided in Section 2.3.

Target Opportunity means, with respect to any Participant, the target amount of an Incentive Award that the Participant potentially may earn in respect of a specified Performance Period, determined by the Committee. Any Target Opportunity that is intended to constitute Performance-Based Compensation shall be determined in accordance with Code Section 162(m). A Target Opportunity is a conditional right to receive an Incentive Award.

Target Opportunity and “maximum opportunity” shall have the respective meanings ascribed to them in the applicable incentive compensation plan.”

Target Opportunity means a Participant’s Base Salary multiplied by their Target Percentage, rounded up to the nearest whole dollar.