Section 162(m) Bonus Pool. At the determination of the Committee, within the first ninety (90) days of the respective Performance Period, the Committee may adopt a Section 162(m) cash bonus pool, based upon a designated percentage of one of the financial measures included in the definition of “Performance Goals” (e.g., 3% of adjusted pretax income). Such adoption shall include an allocation of the cash bonus pool to Participants who are bonus pool participants for that Performance Period (totaling no more than 100% of the pool). At the end of the Performance Period, the Committee will verify the actual pool dollars and may exercise negative (but not positive) discretion in the determination of the actual bonus to be paid to each respective bonus pool participant for that Performance Period; provided, however, the allocation shall satisfy the maximum limits set forth in clause (c) above. At the Chicago Board Options Exchange, we believe that benefits play a crucial role in an individual’s decision to join and stay with our organization. Based on this belief, we constantly review our programs to ensure that they are competitive and cost effective. The following summarizes the programs offered to full-time employees.
Appears in 4 contracts
Samples: Merger Agreement (Cboe Global Markets, Inc.), Merger Agreement (CBOE Holdings, Inc.), Merger Agreement (CBOE Holdings, Inc.)
