Common use of Target Clause in Contracts

Target. The term “Target”—when used in relation to any Long-Term or Annual incentive or bonus payment—means the pertinent target (as a percentage of base salary or otherwise) most recently established for the Executive by the Compensation Committee of the Board of Directors (or the Board of Directors as a whole or any other committee of the Board of Directors fulfilling such function) or, if none, the target specified in the pertinent plan or contract document.

Target. The term “Target”—when Target” — when used in relation to any Long-Term or Annual incentive or bonus payment—payment — means the pertinent target (as a percentage of base salary or otherwise) most recently established for the Executive by the Compensation Committee of the Board of Directors (or the Board of Directors as a whole or any other committee of the Board of Directors fulfilling such function) or, if none, the target specified in the pertinent plan or contract document.

Target. The term “Target”—when When used in relation to any Long-Term or Annual incentive award or bonus payment—payment “Target” means the pertinent target (whether stated as a percentage of base salary or otherwiseas an amount in U.S. dollars) most recently established for the Executive approved by the Compensation Committee of the Board of Directors (or the Board of Directors as a whole whole) in (a) the year immediately preceding a Change in Control or any other committee (b) the year during the Period of the Board of Directors fulfilling Employment when such function) ortarget is established, if none, the target specified in the pertinent plan or contract documentwhichever is greater.