Bonus Base definition

Bonus Base means the amount calculated as such under Section 3.2.

Bonus Base means the notional amount used to calculate the income base bonus at the end of the calendar year;

Bonus Base means the sum of $180,000;

Examples of Bonus Base in a sentence

• Your Bonus Base is calculated without deduction for charges, if any.

• If You elect this rider on the Contract Issue Date, then Your initial Bonus Base is Your initial Premium Payment.

• If You elect this rider after the Contract Issue Date, then Your initial Bonus Base is Your Contract Value as of the Rider Effective Date.

• The amount of the bonus awarded to Executive, if any, under this paragraph (i) shall be an amount calculated as a percentage of the Results Bonus Base Amount (the “Results Bonus Percentage”).

• For cumulative Transfers to Other Account(s) during each Contract Year during the effective Bonus Period that are greater than the Transfer Limit, such Transfers will cause the Bonus Period to end and the Bonus Base becomes zero.

• Your Bonus Base will be reset on each Contract Anniversary during the effective Bonus Period to equal to the greater of: a) Payment Base when a Market Increase to the Payment Base occurs; or b) Your Bonus Base on the Valuation Day prior to each Contract Anniversary during the effective Bonus Period; Your Bonus Base is increased by the dollar amount of: a) Subsequent Premium Payments; and/or b) Transfer(s) from Other Account(s) that are made during the effective Bonus Period.

• For cumulative Transfers to Other Account(s) during each Contract Year during the effective Bonus Period that are equal to or less than the Transfer Limit, Your Bonus Base will be reduced on a dollar-for-dollar basis.

• The Bonus Base is used to calculate the amount of the Bonus during the Bonus Period.

• The Bonus Base is not used in the calculation of the Contract Value or any other benefits under the Contract.

• If (b) is greater than (a), the Benefit Base is increased by the Bonus and the Bonus Base remains unchanged.

More Definitions of Bonus Base

Bonus Base means a percentage of a Participant's base salary in effect for the Plan Year that may be any percentage between zero (0%) and one hundred percent (100%). For these purposes, the Participant's base salary for the Plan Year shall be the Participant's actual annual base salary, unless otherwise specified by the Committee when establishing the Earned Percentage Schedule for the Plan Year.

Bonus Base means a percentage of a Participant’s base salary in effect for the Plan Year that may be any percentage between zero percent (0%) and one hundred percent (100%). For these purposes, the Participant’s base salary for the Plan Year shall be the Participant’s actual annual base salary, unless otherwise specified by the Committee when establishing the Maximum Percentage Schedule for the Plan Year.

Bonus Base means seventy five percent (75%) of the Participant's base salary for the Plan Year by reference to the Participant's annual rate of base salary in effect as of the date the Committee establishes the Earned Percentage Schedule for the Plan Year.

Bonus Base means the consolidated net income of the Company and its subsidiaries prepared in accordance with generally accepted accounting principles before (i) Bonus Payments to Executive, (ii) accounting for minority ownership interests in subsidiaries, (iii) incentive payments due officers based on income approved by the Board, and (iv) applicable federal and state income taxes.

Bonus Base means, for any fiscal year, (i) the Adjusted Net Income for such fiscal year minus (ii) (a) the Average Net Worth for such fiscal year multiplied by (b) the Base BROE for such fiscal year.