Target Annual Bonus. For purposes of this Agreement, “Target Annual Bonus” shall mean the greater of (1) Executive’s target annual cash bonus opportunity, determined by the Board in its sole discretion, for the fiscal year in which the Date of Termination occurs or, if no target annual bonus has been established for the fiscal year in which the Date of Termination occurs, the target annual bonus for the preceding fiscal year or (2) Executive’s target annual cash bonus for the fiscal year in which the Change in Control of the Company occurs.
Appears in 3 contracts
Samples: Executive Severance Agreement (Sunnova Energy International Inc.), Executive Severance Agreement (Sunnova Energy International Inc.), Executive Severance Agreement (Sunnova Energy International Inc.)
Target Annual Bonus. For purposes of this Agreement, “Target Annual Bonus” shall mean the greater of (1) Executive’s target annual cash bonus opportunity, determined by the Board in its sole discretion, for the fiscal year in which the Date of Termination occurs or, if no target annual bonus has been established for the fiscal year in which the Date of Termination occurs, the target annual bonus for the preceding fiscal year or (2) Executive’s target annual cash bonus for the fiscal year in which the Change in of Control of the Company occurs.
Appears in 2 contracts
Samples: Executive Change of Control Agreement, Executive Change of Control Agreement (Atwood Oceanics Inc)
