AIP Amount definition

AIP Amount means, in respect of a Non-Defaulting FXCCM and the Auction Portfolio(s) in a specific Auction Portfolio Currency Pair and Auction Portfolio Category, the product of (a) such Non-Defaulting FXCCM's AIP Ratio applicable to the Auction Portfolio Currency Pair and Auction Portfolio Category of such Auction Portfolio(s), and (b) the total of its (i) remaining ForexClear Funded Contribution, and(ii) remaining ForexClear Unfunded Contributions;
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AIP Amount means the three (3)-year average of the annual AIP amounts paid or payable to Executive with respect to the three (3) most recently completed calendar years immediately preceding the Termination Date. If Executive has not been employed by the Company during the three (3) most recently completed calendar years immediately preceding the Termination Date, the average annual AIP amount shall be calculated based on the number of full calendar years of employment immediately preceding the Termination Date. If Executive has not been employed long enough to receive an annual AIP with respect to one (1) completed calendar year, the annual AIP amount shall be equal to Executive’s target AIP amount.
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Examples of AIP Amount in a sentence

  • The target amount of the AIP Bonus for each fiscal year shall be determined by the Compensation Committee before March 15th of the year to which such bonus relates (the “Target AIP Amount”); provided, however, that the Target AIP Amount shall not be less than 30% of Executive’s Base Salary for that fiscal year.

  • The target amount of the AIP Bonus for each fiscal year shall be determined by the Compensation Committee before March 15th of the year to which such bonus relates (the “Target AIP Amount”); provided, however, that the Target AIP Amount shall not be less than 50% of Executive’s Base Salary for that fiscal year.

  • If a termination of employment subject to this Section 7.4(a) occurs in any Plan Year before the date the amount of the Participant’s Allocable Share of the AIP Amount for the immediately preceding Plan Year is credited to his Plan Account, and if the Participant signs a Post-Termination Agreement in connection with such termination, the Participant shall be entitled to have such amount credited to his Plan Account.

  • Notwithstanding the foregoing, the AIP Amount for the 2012 Plan Year shall be $2.0 million, and the AIP Amount for any subsequent Plan Year may be increased by the Committee in its discretion to an amount greater than that which would result from an application of the formula in the first sentence of this Section.

  • Except as otherwise provided in this Section, the AIP Amount for each Plan Year shall be equal to (i) 20% of the amount, if any, by which EBITDA for that Plan Year (not to exceed $33.7 million in EBITDA) exceeds $28.1 million, plus (ii) 10% of the of the amount, if any, by which EBITDA for that Plan Year exceeds $33.7 million.

  • A Participant’s Allocable Share of an AIP Amount for any Plan Year shall be determined by multiplying that Participant’s Allocable Share percentage for that Plan Year by the AIP Amount determined for that Plan Year.

  • Consultant also hereby waives and relinquishes his right to receive any bonus to which he would otherwise be entitled for his services in 2005 under the AIP (the "2005 Waived AIP Amount") and forever releases the Company from any obligation to provide such right.

  • Participants shall be entitled to their regular, recurring compensation and employee benefits for service provided to the Company or any Affiliate regardless of the AIP Amount or any Participant’s Allocable Share thereof for any given Plan Year.

  • For purposes of this Section 7.2, if such termination due to death or Disability occurs in any Plan Year before the date the amount of the Participant’s Allocable Share of the AIP Amount for the immediately preceding Plan Year is credited to his Plan Account, the Participant shall be entitled to have such amount credited to his Plan Account and such amount shall be fully vested as of the time it is so credited.

  • Consultant hereby waives and relinquishes his right to receive all but $600,000 of the bonus to which he was otherwise entitled for his services in 2004 under the AIP (the "2004 Waived AIP Amount") and forever releases the Company from any obligation to provide such right.