Bonus Interval definition

Bonus Interval means the amount of EVA growth or diminution as a variance from Expected Improvement that would either (i) result in the doubling of the Target Bonus for EVA performance above Expected Improvement; or (ii) result in the realization of no Target Bonus for EVA performance below Expected Improvement.
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Bonus Interval means the amount of SVA growth or diminution as a variance from Target SVA Improvement that would either (A) result in two times the Target Bonus for SVA performance above Target SVA Improvement or (B) result in zero times the Target Bonus for SVA performance below Target SVA Improvement.
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Bonus Interval means the amount of EVA growth or diminution in any Year as a variance from Expected Improvement determined by the Committee that would result in either:
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Examples of Bonus Interval in a sentence

  • Two factors are employed: the Bonus Interval and the Bonus Multiple.

  • From above, this should be divided by the EVA Bonus Interval to determine the amount of Bonus to be added to Target.

  • The Bonus Interval is the variance from Target EE required to double the bonus earned or result in no bonus earned.

  • The Bonus Multiple can be expressed as: EE Bonus Multiple = (Actual EE - Target EE) / Bonus Interval + 1.00 The Bonus Earned is computed as: Bonus Earned = (Target EE Bonus $ x EE Bonus Multiple) The Bonus Earned constitutes the quantitative component of the MIP.

  • BONUS INTERVAL -------------- The Bonus Interval ("Interval") is the Improvement needed, over and above Targeted performance, to declare a double bonus.

  • The Bonus Multiple can be expressed as: EE Bonus Multiple = (Actual EE - Target EE) / Bonus Interval + 1.00 The Bonus Earned is computed as: Target Bonus $ = (12/31 Monthly Salary X 12) X Target Award Percentage Bonus Earned = (Target EE Bonus $ x EE Bonus Multiple) The Bonus Earned constitutes the quantitative component of the MIP.

  • The EVA Bonus Interval ("Interval") is the EVA Improvement needed, over and above Target, to declare a double bonus.

  • Variance from Target RSI EVA $ 6.8 MM + 2000 RSI Bonus Interval / $ 34.0 MM ----------------------- ---------- = Bonus Above Target = 0.20x + Target Bonus Multiple + 1.00x --------------------- ---------- = RSI Bonus Multiple = 1.20x 3.

  • Before we can begin a sample calculation, it is important to understand the concepts of Bonus Interval, Bonus Multiple and Bonus Contribution.

  • The Bonus Multiple can be expressed as: EE Bonus Multiple = [(Actual EE - Target EE) / Bonus Interval] + 1.00 The bonus earned is computed as: Bonus Earned = (Target EE Bonus $ x EE Bonus Multiple) The bonus earned constitutes the quantitative component of the MIP.


More Definitions of Bonus Interval

Bonus Interval means the amount of Adjusted Operating Income Excess or Shortfall expressed as a percentage variance from Expected Adjusted Operating Income that would either (i) result in the doubling of the Target Bonus for Adjusted Operating Income performance above Expected Adjusted Operating Income; or (ii) result in the realization of no Target Bonus for Adjusted Operating Income performance below Expected Adjusted Operating Income.
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Bonus Interval means the amount of EVA growth or diminution as a variance from Target Improvement that would either (i) result in the doubling of the Target Bonus for EVA performance above Target Improvement; or (ii) result in the realization of no Target Bonus for EVA performance below Target Improvement.
Sample 1
Bonus Interval means the performance above Target EVA or the performance below Target EVA that will cause a 2x Bonus Contribution or a Zero Bonus Contribution.
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Related to Bonus Interval

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • 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.

  • Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

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

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

  • Bonus means the bonus described in the Section 2.3.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive's Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive's target annual incentive bonus for the year in which the Date of Termination occurs.

  • 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.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Collective agreement year means each twelve (12) month period commencing on the first day of the renewed collective agreement. For example, the collective agreement year for a collective agreement that commences on April 1, 2014 is April 1, 2014 to March 31, 2015 and each period from April 1 to March 31 for the term of the collective agreement.

  • Agreement Year means a period of 12 months beginning on the Effective Date and each subsequent anniversary thereof.

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

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

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • 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;

  • Bonus Pool means the pool of funds available for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Performance Ratio (PR) means the ratio of plant output versus installed plant capacity at any instance with respect to the radiation measured.