Annual Bonus opportunity definition

Annual Bonus opportunity means the target bonus set for Executive with respect to a fiscal year and shall not be considered to have been reduced merely because the actual Annual Bonus paid to Executive with respect to such year was reduced below such target as part of the Board’s evaluation of Executive’s performance during such year and such evaluation has been conducted in good faith by the Board); (iv) the Company requiring the Executive to be based at any office or location more than 30 miles from that provided in Section 2(a)(i)(B) hereof, provided that reasonable travel required in connection with Executive’s reporting relationships and responsibilities to the Board shall not be deemed a breach hereof; and (v) any failure by the Company to comply with Section 6(b) below.
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Annual Bonus opportunity means the basis on which Executive’s bonus is determined with respect to a fiscal year and shall not be considered to have been reduced merely because (x) the actual Annual Bonus paid to Executive with respect to any given fiscal year is lower than the Annual Bonus paid for the prior fiscal year or (y) the Executive’s Annual Bonus calculation is based upon an actual Annual Bonus paid for the prior fiscal year that was lower than the actual Annual Bonus paid for the preceding fiscal year. For purposes of Section 4(c)(vii), an isolated, insubstantial and inadvertent action taken in good faith and which is remedied by the Company within thirty (30) days after receipt of written notice thereof given by Executive to the Company’s Senior Vice President, Human Resources shall not constitute Good Reason. Executive’s right to terminate employment for Good Reason shall not be affected by Executive’s incapacities due to mental or physical illness, and Executive’s continued employment shall not constitute consent to, or a waiver of rights with respect to, any event or condition constituting Good Reason.
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Examples of Annual Bonus opportunity in a sentence

  • There is no guaranteed Annual Bonus under this Agreement, and for each applicable year, Executive’s Annual Bonus could be as low as zero or as high as the maximum Annual Bonus opportunity established for such year.

  • The Executive’s Annual Bonus opportunity shall commence in 2012, payable in cash by March 31, 2013 for 2012 performance.

  • The Target Annual Bonus opportunity may be increased but not decreased in the sole discretion of the Compensation Committee.

  • The Executive's target Annual Bonus opportunity shall be reviewed from time to time, but not less frequently than annually, and, in the discretion of the Board and/or the Committee, may be adjusted but not decreased below the amount set forth in the second sentence of this subsection 3(b).

  • The “Maximum Bonus” for achievement of all applicable performance goal(s) at maximum performance level shall be at least one hundred seventy-five percent (175%) of the Target Bonus and the minimum Annual Bonus opportunity for failing to achieve threshold performance under the applicable performance goal(s) shall be $0.

  • There is no guaranteed Annual Bonus under this Agreement for any fiscal year, and for each applicable fiscal year, Executive’s Annual Bonus could be as low as zero or as high as the maximum payout percentage established for that fiscal year’s Annual Bonus opportunity.

  • Notwithstanding anything in this Agreement to the contrary, each Annual Bonus shall be on the terms and subject to such conditions as are specified for the particular Company plans or programs pursuant to which the Annual Bonus opportunity, as applicable, is granted.

  • The Executive’s target Annual Bonus opportunity for each fiscal year that ends during the Employment Period shall be equal to 60% of Base Salary (the “Target Annual Bonus Opportunity”), with the actual Annual Bonus, if any, to be based on the Company’s actual performance relative to the Performance Targets.

  • Twenty-five million was provided to repair damaged public housing and $100 million was provided to repair damaged privately-owned assisted housing through the Flexible Subsidy Fund.30 Congress provided CDBG with $500 million, up to $75 million of which was transferrable to the HOME block grant program, to be used both for communities impacted by the Northridge Earthquake as well as those still recovering from the earlier Midwest flooding.

  • The Executive’s target Annual Bonus opportunity for each fiscal year that ends during the Employment Period shall equal 75% of the Base Salary (the “Target Annual Bonus Opportunity”) (which shall be pro-rated for any fiscal year not falling entirely within the Employment Period).


More Definitions of Annual Bonus opportunity

Annual Bonus opportunity. For each fiscal year during your employment, you will also be eligible for an annual bonus with a target of 80% of your Base Salary (the “Annual Bonus”), prorated for the fiscal year of the Company in which you commence employment, subject to applicable withholdings and deductions. The actual amount of your Annual Bonus, if any, shall be based upon Company performance and your individual performance for such fiscal year, as determined by the Board of Directors of the Company (the “Board”) or the Compensation Committee thereof (the “Committee”), and may be more or less than such target amount. Each Annual Bonus, if any, will be subject to your continued employment with the Company through the date of payment, irrespective of any reason for your termination.
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Annual Bonus opportunity. Not less than $600,000 target bonus, payable 50% in cash (“Cash Bonus”) and 50% in restricted shares (“Bonus Shares”), with the bonus amount determination to be based on the achievement of Board approved annual underwriting income, premium volume, and underwriting profitability targets (with true-up), as determined by the Board in its sole discretion and subject to CEO’s continued employment with Global Cayman and/or its subsidiaries through (i) the bonus payment date with respect to the Cash Bonus and (ii) the Bonus Share grant date with respect to the Bonus Shares. Any Cash Bonus will be payable under and subject to the terms of Global Cayman’s Annual Incentive Awards Program. Any Bonus Shares will be granted under and subject to the terms of Global Cayman’s Share Incentive Plan and any ancillary agreements thereunder. Such Bonus Shares will vest 1/3 on each anniversary of the grant date subject to CEO’s continued employment with Global Cayman and/or its subsidiaries through each such vesting date and subject to accident year true-up of bonus year underwriting results as of the 3rd anniversary of grant.
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Annual Bonus opportunity. You will also be eligible for an annual bonus of up to 100% of your then-current Base Salary, subject to meeting certain performance criteria as will be set by the Board in its discretion. Any bonus that may become payable to you will be paid no later than March 15 of the calendar year to which the performance relates.
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Annual Bonus opportunity means, for each Eligible Officer, the product of that individual’s Bonus Percentage and his or her Base Salary.
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Related to Annual Bonus opportunity

  • Target Bonus has the meaning described in Section 4(b).

  • Bonus means the bonus described in the Section 2.3.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).