Bonus Award Opportunity definition

Bonus Award Opportunity means 200% of Base Salary.
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Bonus Award Opportunity means a maximum of 200% of Base Salary.
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Bonus Award Opportunity means the award opportunity specified by the Committee in a Bonus Award Agreement, within the Applicable Period, for a given Participant to earn a Bonus Award Amount for a given Performance Period upon attainment of stated Performance Goal(s), which Bonus Award Amount may be expressed in dollars, as a percentage share of a Bonus Pool Payment, or on a formula basis, that is consistent with the terms and provisions of the Plan and Section 162(m) of the Code.
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Examples of Bonus Award Opportunity in a sentence

  • Nothing herein shall be construed as preventing the Committee from making adjustments to the Performance Goal(s) or to any Bonus Award Opportunity to reflect unusual, extraordinary and non-recurring items, to the extent that such adjustment will not disqualify any Bonus Award Payment from qualifying as “performance- based compensation” under Section 162(m) of the Code.

  • Incentive Bonus Award Opportunity Payout Scale (% of base salary) (1) Cash incentive payments are made only after the Company has achieved a specified Adjusted EBITDA hurdle, excluding cash incentive compensation expense.

  • The Committee’s interpretations of the Plan and any Award Agreement, all determinations made by the Committee, and all actions taken by the Committee pursuant to the power and authority vested in it hereunder shall be final, conclusive, and binding on all persons having any interest in the Plan, any Award Agreement, or any Bonus Award Opportunity.

  • Target Annual Bonus Award Opportunity Each executive officer has a target annual bonus award opportunity under the Executive Officer Incentive Plan that is expressed as a percentage of his or her base salary.

  • When a Participant dies or C-6become permanently disabled, the personal representative, beneficiary, or other person entitled to succeed to the rights of the Participant may acquire his or her rights under a Bonus Award Opportunity.

  • No member of the Committee shall be personally liable for any interpretation, determination, or action made or taken in good faith with respect to the Plan, any Award Agreement, or any Bonus Award Opportunity, and all members of the Committee shall, to the extent permitted by law, be fully indemnified and protected by the Company with respect to any such interpretation, determination, or action.

  • Only the Participant is entitled to any rights under any Bonus Award Opportunity, and the Participant may not transfer those rights except by will or by the laws of descent and distribution.

  • Any such successor must furnish proof satisfactory to the Company of the successor’s entitlement to receive the rights under a Bonus Award Opportunity under the Participant’s will or under the applicable laws of descent and distribution.


More Definitions of Bonus Award Opportunity

Bonus Award Opportunity means the annual award, stated as a percent of Base Salary, which would be earned if financial and individual objectives are exactly achieved.
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Bonus Award Opportunity means the annual award, stated as a percent of Base Salary, which would be earned if financial and individual objectives are exactly achieved. n. "Profit Center" means a division or Subsidiary of the Company which is responsible for preparing and submitting annual sales and pre-tax profit (loss) objectives.
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Bonus Award Opportunity means the percentage of base earnings a plan participant is eligible to receive.
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Related to Bonus Award Opportunity

  • Award Opportunity means a cash award opportunity established under the Plan for a Participant by the Committee pursuant to such terms, conditions, restrictions and/or limitations, if any, as the Committee may establish.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Cash Award means an award denominated in cash.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • 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 Unit Award means an award of Performance Units under this Plan.

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

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

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.