Annual Target Compensation definition

Annual Target Compensation means the sum of your annual base salary (and does not include any other compensation, including but not limited to incentive bonuses, car allowances or any other type of perquisites or benefits), target annual cash bonus and target annual long-term equity incentive compensation opportunity as established by the Committee and, as applicable, reported in the Compensation Discussion & Analysis (CD&A) section of the Company’s annual proxy statement.
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Annual Target Compensation means the sum of your annual base salary (and does not include any other compensation, including but not limited to incentive bonuses, car allowances or any other type of perquisites or benefits), target annual cash bonus and
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Annual Target Compensation means, at the Trigger Date, solely the sum of (i) Employee’s then effective annual base salary rate plus (ii) the amount of Employee’s target annual cash bonus under the variable incentive compensation plan then in effect for Employee as approved by the Compensation Committee of the Company’s Board of Directors (or Employee’s supervisor, if applicable), or if no such variable incentive compensation plan is in effect on the Trigger Date, the amount of Employee’ target annual cash bonus under the latest variable incentive compensation plan of the Company that was most recently in effect for Employee. For the avoidance of doubt, the term “Annual Target Compensation” shall not include any employee benefits, insurance, equity awards, auto or other expense allowances or any other item not expressly described in the preceding sentence.
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Examples of Annual Target Compensation in a sentence

  • For clarity, the special 2006 Product Milestone Bonus shall not be considered to a part of the Annual Target Compensation.

  • Annual Target Compensation shall be (i) the greater of the Employee’s annual base salary on the date of the Involuntary Termination or the date of the Change of Control, plus (ii) all potential annual target bonuses or annual target commissions (as if earned at 100% attainment) under bonus or commission plans for which Employee was eligible and participating as of the date of the Involuntary Termination or Change of Control, whichever results in the greater amount.

  • The Cash Severance amount shall be the Employee’s Annual Target Compensation multiplied by a fraction, the numerator of which is twelve (12) and denominator of which is twelve (12).

  • The Cash Severance amount shall be the Employee’s Annual Target Compensation multiplied by a fraction, the numerator of which is eighteen (18) and denominator of which is twelve (12).


More Definitions of Annual Target Compensation

Annual Target Compensation means the sum of an Eligible Employee’s (a) Base Salary, (b) Bonus Amount and (c) LTI Amount.
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Related to Annual Target Compensation

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Basic Compensation means Salary and Benefits.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.