Actual Bonus Percentage definition

Actual Bonus Percentage means, for a Participant for any Plan Year, the percentage of the Participant’s Base Salary approved by the Compensation Committee for a Bonus for that Plan Year.

Actual Bonus Percentage means, for a Participant for any Plan Year, the percentage of the Participant’s Base Salary approved by the Board, the Compensation Committee or the Chief Executive Officer or his delegate, as applicable, for a Bonus for that Plan Year.

Actual Bonus Percentage means the percentage of the rate of Guaranteed Base Salary for the Current Performance Period which the Executive would accrue as a bonus under any Bonus Plan if the performance during the Current Performance Period were measured by the actual performance during the Current Performance Period; provided, however, that for purposes of calculating the Guaranteed Bonus, "Actual Bonus Percentage" means the percentage of the rate of Guaranteed Base Salary for the Performance Period during which the Termination Date occurred (the "Termination Performance Period") which the Executive would accrue as a bonus under any Bonus Plan if the performance during such Termination Performance Period were measured by the actual performance during the Termination Performance Period before the Termination Date projected to the last day of such Performance Period.

Examples of Actual Bonus Percentage in a sentence

• The scale also shows the percentage of the 2020 EBITDA Goal (as defined below) achieved and the related applicable bonus percentages: Level of Achievement% of EBITDAGoal AchievedApplicable BonusPercentageMaximum115.00%200.00%Target100.00%100.00%Threshold90.00%30.00%Actual115.31%200.00% The Actual Bonus Percentage would have been 0% if actual EBITDA were less than 90% of the EBITDA Goal.

• This mechanism provided motivation for each Named Executive to strive for improved company performance in 2020 even if the EBITDA Goal itself was not attained.The company does not pay bonuses under the Omnibus Plan to any Named Executive until such time as the compensation committee hascertified the Actual Bonus Percentage and the annual report on Form 10-K for the applicable fiscal year has been filed with the SEC.

• The government presented a White Paper to Parliament in 1974 where it outlined its economic strategy to avoid becoming a "Kuwait economy." There were three key aspects of this strategy.The first one was to limit annual production to 1.8 million barrels (bbl) in order to avoid seriously disturbing the rest of the economy.

• A Participant’s incentive award earned in any one year is the result of multiplying the Actual Bonus Percentage by the Participant’s Base Pay.

More Definitions of Actual Bonus Percentage

Actual Bonus Percentage means, for each Eligible Employee for each Plan Year, the percentage calculated as that Eligible Employee's Actual Bonus Percentage for that Plan Year using the methodology established by the Committee pursuant to Section 3.1(d). An Eligible Employee's Actual Bonus Percentage for a given Plan Year cannot exceed two times his or her Target Bonus Percentage.

Actual Bonus Percentage means the actual percentage of each Participant’s Salary payable as a Bonus Award (before adjustments and reductions) for a Plan Period, based on performance against the applicable Performance Conditions set for the applicable Plan Period;