Applicable Bonus Amount definition

Applicable Bonus Amount shall equal the Executive’s target Incentive Bonus (as established by the Board or a committee thereof) for the Company’s fiscal year in which the Severance Date occurs, provided that if no such target Incentive Bonus has been established for that fiscal year, the Applicable Bonus Amount shall be the Executive’s target Incentive Bonus (as established by the Board or a committee thereof) for the Company’s fiscal year immediately preceding the fiscal year in which the Severance Date occurs (and if no such target Incentive Bonus was established for either such fiscal year, shall be the amount of the annual Incentive Bonus actually paid to the Executive, if any, for the immediately preceding fiscal year).
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Applicable Bonus Amount means two times the amounts payable to the Executive pursuant to all Incentive Compensation Plans if performance had been at Target Level at the end of the applicable performance periods.
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Applicable Bonus Amount means (A) your target EIP bonus amount with respect to a termination of employment which occurs prior to February 12, 2023 and (B) the higher of the two immediately preceding completed fiscal years’ earned bonuses (regardless of whether the most recent year’s bonus has been paid), with respect to a termination of employment which occurs after February 12, 2023.
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Examples of Applicable Bonus Amount in a sentence

  • If the Executive’s employment is terminated under the circumstances described in Section 5(a) or 5(d), the Company shall pay the cost of providing the Executive with outplacement services, up to a maximum of five percent (5%) of the sum of the Base Salary and the Applicable Bonus Amount, provided that such services are (a) utilized by the Executive within six months following the Date of Termination and (b) provided by a recognized outplacement provider.

  • Notwithstanding the foregoing, however, if the Severance Date occurs in connection with or within eighteen (18) months after a Change in Control Event, the Severance Benefit shall be one (1.0) times the sum of the Executive’s Base Salary at the annual rate in effect on the Severance Date and the Applicable Bonus Amount, and the Severance Benefit shall be payable to the Executive in a lump sum on (or within ten (10) days following) the sixtieth (60th) day following the Executive’s Separation from Service.

  • In the event of the expiration of the Term or termination of the Executive's employment Without Cause or as a result of his death or disability which, in any such event, occurs after March 31 in any calendar year, but prior to December 31, then Executive or Executive's representative or estate, as the case may be, shall be paid the amount (the "Applicable Bonus Amount") as provided for in Section 4.1,4.2 or 4.4 of the Agreement.

  • The Bonus Offset shall be disregarded for purposes of calculating the Applicable Bonus Amount under the Employment Agreement.

  • If, therefore, the aggregate achievement of the Annual Budget for Fox Sports Net for the first two quarters is 92% of the portion of the Annual Budget of Fox Sports Net applicable to the first two quarters, then the Applicable Bonus Amount under subparagraph 1 (b) above will be $8,095.89 ($15,000 multiplied by a fraction of 197/365 (i.e., 197 days elapsed)).

  • To the extent that any employee of RESTAT listed on Schedule 5.4(e) who remains in the employment of RESTAT on the Closing Date does not receive a performance management bonus at least equal to the Applicable Bonus Amount on or prior to March 15, 2014, Buyer shall promptly notify Dohm▇▇ ▇▇▇ pay, or cause RESTAT to pay, to Dohm▇▇, ▇▇ or before March 31, 2014, the Applicable Bonus Amount not so paid to such employee by March 15, 2014.

  • No Operating Bonus (not including the Applicable Bonus Amount) shall be deemed earned or payable pursuant to Sections 4.1(i), 4.2(i) and 4.4(i) of the Agreement until completion of the year as to which Bonus is being calculated.


More Definitions of Applicable Bonus Amount

Applicable Bonus Amount. Section 5.4(e) “Arbitrating Accountant” Section 1.4(b)
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