Bonus Formula definition

Bonus Formula means as to any Performance Period, the formula established by the Committee pursuant to Section 6 in order to determine the Bonus amounts, if any, to be paid to Participants based upon the level of achievement of targeted goals for the selected Performance Measures. The formula may differ from Participant to Participant or business group to business group. The Bonus Formula shall be of such a nature that an objective third party having knowledge of all the relevant facts could determine whether targeted goals for the Performance Measures have been achieved.

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Bonus Formula means the formula for calculating an Associate’s Bonus on the basis of a performance goal established under the Plan or otherwise.

Bonus Formula means as to any Performance Period, the formula established by the Committee pursuant to Section 6 in order to determine the Bonus amounts, if any, to be paid to Participants based upon the level of achievement of targeted goals for the selected Performance Measures. The bonus formula may include adjustments for individual performance considerations in addition to the selected Performance Measures. The formula may differ from Participant to Participant or business group to business group.

Examples of Bonus Formula in a sentence

Depending upon the actual financial performance recorded by the Company for any given fiscal year, the Executive’s Annual Bonus may be increased or decreased solely in accordance with the Annual Bonus Formula and otherwise in accordance with the Annual Bonus Plan.
Depending upon the actual financial performance recorded by the Company for any given fiscal year, the Senior Vice President’s Annual Bonus may be increased or decreased solely in accordance with the Annual Bonus Formula and otherwise in accordance with the Annual Bonus Plan.
The Bonus shall be calculated in accordance with the Bonus Formula as of April 30th of each year and shall be paid in a single installment each year within ninety (90) days thereafter.
The Minimum Bonus Award and the Bonus Formula are collectively referred to herein as the "Bonus Award".
The Executive Bonus Formula shall be as follows: That percent increase (in excess of a 10% threshold) of the current after tax net income per share over the prior year, multiplied by the Base Annual Salary for the current contract year, up to a maximum of 100% of the Base Salary.

More Definitions of Bonus Formula

Bonus Formula means, as to any Performance Period, the formula established by the Committee with respect to the CEO, and by the CEO or the Committee with respect to other Entitled Employees, to determine the amounts available for Bonuses and the Bonus amounts, if any, to be paid to Entitled Employees based upon such compensation as the Committee may determine and the level of achievement of targeted goals for the selected Performance Measures. The formula may differ from Entitled Employee to Entitled Employee or from Bonus Classification to Bonus Classification.

Bonus Formula means the specific objective goal or goals and/or applicable formula(s) for determining the amount of a Participant's Award and the form of payment thereof (cash and/or Shares, etc.) that are from time to time determined and set in writing by the Committee for the applicable Performance Period(s).

Bonus Formula means the formula for calculating an Associate’s Bonus on the basis of a performance goal established

Bonus Formula means, with respect to any Performance Period, the formula established by the Committee pursuant to Section 6 in order to determine the Bonus amounts, if any, to be paid to Participants based upon the level of achievement of

Bonus Formula means the formula pursuant to which bonuses payable to Participants for each Performance Period are determined, based on the extent to which the performance goal or goals set forth therein have been achieved during the Performance Period, which formula can be revised at the discretion of the Compensation Committee.

Bonus Formula means a formula determined jointly and in good faith by the Board and Executive designed to provide Executive with incentive compensation each fiscal year commensurate with Executive's status and position as Chairman of the Board, Chief Executive Officer and founder of Company and the contribution and expected contribution of Executive to the success of Company; it being agreed that such formula is to be determined prior to the end of the third quarter of each of the Company's fiscal year during the Employment Term. The Bonus Formula may provide for appropriate adjustment in order to reflect special factors, including, without limitation, material changes in accounting policies or practices, material acquisitions or dispositions or other unusual or unplanned items (an "Adjustment Event"), which in the judgment of the Board, should be taken into account, in whole or in part, in furtherance of equity; it being understood that it is not intended that any such adjustment will either increase or decrease any Annual Bonus for performance following an Adjustment Event comparable to the performance contemplated in setting the Bonus Formula.

Bonus Formula means the formula, determined by the Committee in its discretion, that is a function of the Business Criteria selected by the Committee, to determine each Participant’s Bonus for a Performance Period.