Annualized Bonus definition
Annualized Bonus means, as of any date, the greatest of the following amounts that is determinable and applicable:
(i) the Target Annual Bonus for the Fiscal Year during which the Date of Termination occurs; and (ii) the average of the Annual Bonuses paid or payable to Executive in respect of the three most recent Fiscal Years ended on or before such date; provided that, in subsection (ii) above, annual bonuses paid in respect of Executive prior to the Agreement Date shall be included in such computation if, as of such date, three years have not elapsed since the Agreement Date; and further provided that if the Executive has not been employed by the Company for three full Fiscal Years ended on or before the Date of Termination, any bonus payable in respect of a partial Fiscal Year shall be annualized and the average of the annual bonuses shall be determined based upon such annualized bonus and the bonuses paid or payable to the Executive in respect of any other full Fiscal Years.
Annualized Bonus means the greater of (i) a Participant's annual Bonus (defined below) for the most recently completed Fiscal Year for which annual bonuses have been determined or (ii) a Participant's average annual Bonus for the two (2) most recently completed Fiscal Years for which annual Bonuses have been determined. In the event that the Annualized Bonus cannot be determined for a Participant under (i) or (ii) above, "Annualized Bonus" with respect to such Participant means the Target Annual Bonus (defined below).
Annualized Bonus means the greater of (i) a Participant’s annual Bonus (defined below) for the most recently completed Fiscal Year for which annual bonuses have been determined or (ii) a Participant’s average annual Bonus for the two most recently completed Fiscal Years for which annual Bonuses have been determined. In the event that the Annualized Bonus cannot be determined for a Participant under (i) or (ii) above, “Annualized Bonus” with respect to such Participant means the Target Annual Bonus (defined below).
More Definitions of Annualized Bonus
Annualized Bonus means the greater of (i) your annual target bonus for the most recently completed fiscal year for which annual bonuses have been determined or (ii) your average annual bonus for the three (3) most recently completed fiscal years for which annual bonuses have been determined.