Examples of Base Fiscal Year in a sentence
Employer shall promptly advise Employee as to whether the Base Financial Target has been met during the Base Fiscal Year in question and, if so, the amount of the Deferred Bonus for that Base Fiscal Year as computed by Employer.
Subject to the vesting and forfeiture provisions outlined in Article III hereof, Employee shall be entitled to a Deferred Bonus for each Base Fiscal Year in an amount equal to (A) the Deferred Compensation Pool for that Base Fiscal Year (if any), multiplied by (B) Employee’s Employee Percentage for that Base Fiscal Year.
Each Employee’s vested status with regard to the Deferred Bonus for a Base Fiscal Year shall be determined as of the last day of the applicable Deferred Bonus Earn-Out Period.
Once the final amount of Employee’s Deferred Bonus for any Base Fiscal Year has been computed, agreed or determined, such amount shall be memorialized in an addendum which shall also be attached hereto and shall be deemed a part hereof and such amount shall not then thereafter change.
EBITDA from Continuing Operations for each Base Fiscal Year during the Performance Period shall be the EBITDA from Continuing Operations from that same year when such year was a Measuring Fiscal Year, unless otherwise determined by the Committee by the 162(m) Deadline for the Measuring Fiscal Year, and shall be separately communicated to Participant.