Bonus Pay definition
Bonus Pay means, with respect to a Participant, the total target payments with respect to the Participant under the Company’s cash bonus and other cash incentive programs at 100% of plan for the Company fiscal year in which the Change of Control occurs (or for the immediately preceding year if the target payment with respect to the Participant for the Company fiscal year in which the Change of Control occurs has not yet been established) (without regard to any reduction made in the target payments In Anticipation of a Change of Control), or, if greater, for the Company fiscal year in which the Participant’s employment terminates.
Bonus Pay means, with respect to a Participant, the total target payments to the Participant under the Company’s cash bonus, commission and incentive programs at 100% of plan for the Company fiscal year in which the Change of Control occurs, or, if greater, for the Company fiscal year in which the Participant’s employment terminates, and Company contributions allocated to the Participant’s account under the Company’s 401(k) plan (other than contributions attributable to the Participant’s salary deferral election), for the calendar year coinciding with or immediately preceding the year in which the Severance Payment becomes payable.
Bonus Pay means amounts payable to an Eligible Employee under the annual cash incentive plan of the Employer, prior to reduction for amounts deferred under the Employer’s qualified retirement plans or Code Section 125 plans. Bonus Compensation does not include other types of remuneration, such as long-term incentive pay or restricted stock awards.
Examples of Bonus Pay in a sentence
Your pro rata portion of any Bonus Pay shall be based upon the number of days in such calendar year elapsed through the Notice Date of such termination as a proportion of 365.
The Severance Payment for the Company’s Chief Executive Officer shall equal the product of 2.99 times the sum of the Chief Executive Officer’s Base Pay and Bonus Pay.
We define as Total Pay the sum of these two pay components and as Bonus Share the ratio of Bonus Pay to Base Salary.
Merit Bonus Pay is defined as a management tool to encourage and reward excellence among employees who are at the top of their respective pay scales.
Merit Bonus Pay is designed to recognize outstanding performance without employee expectation of continual receipt of an award.
More Definitions of Bonus Pay
Bonus Pay means any additional remuneration 21 in an amount exceeding two hundred dollars provided 22 an employee in the form of a bonus, including but 23 not limited to a retention bonus, recruitment bonus, 24 exceptional job performance pay, extraordinary 25 job performance pay, exceptional performance pay, 26 extraordinary duty pay, or extraordinary or special 27 duty pay, and any extra benefit not otherwise provided 28 to other similarly situated employees.
Bonus Pay means compensation in addition to Base Pay which is (i) payable pursuant to any plan, program, agreement or arrangement (excluding employee stock options or restricted stock or other rights the value of which is determined by reference to the value of the Company’s common stock); (ii) determined by reference to one or more performance measures and (iii) payable in cash.
Bonus Pay means any remuneration that: (i) is in the form of money, vouchers, securities, securities options, or interests in securities; and (ii) relates to profit sharing, productivity, performance, incentive or commission. It does not include ordinary pay, overtime pay or redundancy or termination payments
Bonus Pay for any period, means the total of all bonus payments made for such period, determined in a manner consistent with the determination of "Bonus/Gift" under the Qualified Pension Plan, but without application of any limitation under Code Section 401(a)(17) or similar such provision, without application of any provision of the Qualified Pension Plan that considers only a stated percentage of a Participant's "Bonus/Gift" and without application of any family aggregation rules under Code Section 414(q)(6) or similar such provision that the Committee determines to be relevant only to the Qualified Pension Plan, and Bonus Pay shall include any amount that would have been paid as bonus pay but for the Participant's election to defer such amount under a plan of deferred compensation sponsored by the Company.
Bonus Pay means that payment that is linked to the achievement of Company goals as defined under subclause 15.3.
Bonus Pay means bonus pay (e.g., enlistment and reenlistment bonuses), as defined in chapter 5 of title 37, U.S.C. Although bonus pay is generally a type of special pay, it is addressed separately for contribution election purposes because different TSP rules apply to it.