Target Bonus. The term “Target Bonus” shall mean Employee’s target bonus under the Company’s annual bonus incentive plan for the fiscal year in which Termination occurs or, if the Company has not specified a target bonus for such year, for the last year in which the Company had specified such a target bonus.
Appears in 8 contracts
Samples: Separation/Non Competition/Confidentiality Agreement (Pride International Inc), Employment Agreement (Pride International Inc), Employment Agreement (Pride International Inc)
Target Bonus. The term “Target Bonus” shall mean (i) Employee’s target bonus under the Company’s annual bonus incentive plan for the fiscal year in which a Covered Termination occurs or, as determined in accordance with Section 3.04b or (ii) if the Company has not specified a target bonus for such year, Employee’s target bonus under the Company’s annual bonus incentive plan for the last year in which the Company had specified such a target bonus, or (iii) if the Company has not specified a target bonus in the year of the Covered Termination or in a previous year, the minimum target bonus identified in Section 3.04b.
Appears in 7 contracts
Samples: Employment Agreement, Employment Agreement (Seahawk Drilling, Inc.), Employment/Non Competition/Confidentiality Agreement (Seahawk Drilling, Inc.)
Target Bonus. The term “Target Bonus” means the target annual bonus established for the Executive for the calendar year that includes the date on which the Executive’s employment with the Company and its Affiliates terminates. If the target annual bonus has not been established for the Executive on the date that such employment terminates, the “Target Bonus” shall mean Employee’s be the target bonus under the Company’s annual bonus incentive plan established for the fiscal year in which Termination occurs or, if the Company has not specified a target bonus for such year, Executive for the last year in which the Company had specified such a target bonuspreceding calendar year.
Appears in 5 contracts
Samples: Severance Agreement (Tredegar Corp), Change in Control Severance Agreement (Tredegar Corp), Change in Control Severance Agreement (Tredegar Corp)
Target Bonus. The term “Target Bonus” shall mean Employee’s target bonus under the Company’s annual bonus incentive plan for the fiscal year in which Termination occurs or, if the Company has not specified a target bonus for such year, for fifty percent (50%) of the last year maximum percentage of Employee’s Base Salary Employee may be entitled to under the Company’s annual bonus plan in which the Company had specified such a target bonusyear.
Appears in 1 contract
Samples: Change in Control/Non Competition/Confidentiality Agreement (Pride International Inc)
Target Bonus. The term “Target Bonus” shall mean (i) Employee’s target bonus under the Company’s annual bonus incentive plan for the fiscal year in which a Covered Termination occurs or, as determined in accordance with Section 3.04c or (ii) if the Company has not specified a target bonus for such year, Employee’s target bonus under the Company’s annual bonus incentive plan for the last year in which the Company had specified such a target bonus, or (iii) if the Company has not specified a target bonus in the year of the Covered Termination or in a previous year, the minimum target bonus identified in Section 3.04c.
Appears in 1 contract
