Bonus Percentage definition

Bonus Percentage means the greater of (i) any annual bonus, expressed as a percentage of annual base salary paid in the year of determination, paid to the Executive by the Company or an Affiliate in respect of either of the last two calendar years prior to the date of a Covered Termination or (ii) the Executive’s target bonus, expressed as a percentage of annual base salary, for the calendar year in which the Covered Termination occurs.

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Bonus Percentage for any calendar year shall be determined as provided in Section 3(b)(ii) hereof.

Bonus Percentage means, for each Bonus Period, a percentage for such period that is determined based upon Operating Income in accordance with a schedule adopted by the Board for all senior executives prior to commencement of such period or as soon thereafter as possible, except that the Bonus percentage shall be not more than 200% for any Bonus Period.

Examples of Bonus Percentage in a sentence

• The determinations of the Board, the Committee or the Delegate, as applicable, with respect to such Cash Bonus or the Target Bonus Percentage shall be final and binding.

• Executive’s Target Bonus Percentage for any subsequent year may be adjusted up or down, as determined in the sole discretion of the Board, the Committee or the Delegate, as applicable.

• The amount of the Bonus payable to the Executive for each such Contract Year shall be at least equal to the Target Bonus Percentage of the Executive's Base Salary for such Contract Year or, in the case of any Executive whose Term of Employment ends after the start of such Contract Year but prior to the close of such year, a pro rata portion thereof determined on the basis of the number of days of such Contract Year that fall within the Executive's Term of Employment.

• The Board shall review the Executive’s Bonus Percentage annually and may, in the Board’s sole discretion, increase the Bonus Percentage based upon the Company’s and Executive’s performance.

• The determinations of the Board or the Committee, as applicable, with respect to such Cash Bonus or the Target Bonus Percentage shall be final and binding.

More Definitions of Bonus Percentage

Bonus Percentage means the fixed percentage of the Bonus Pool assigned to a Participant as set forth in Exhibit A, with the Bonus Percentages to be assigned by the Board of Directors of the Company, following consultation and discussions with the Company’s Chief Executive Officer; provided, however, that the Bonus Percentage of any Participant may not be reduced without the prior written consent of such Participant. The sum of the Bonus Percentages for the Participants, in the aggregate, may be less than, but shall not exceed, 100%.

Bonus Percentage means the greater of (i) any annual bonus, as a percentage of annual base salary paid in the year of determination, paid to the Participant in respect of either of the last two calendar years prior to the date of a Covered Termination or (ii) the Participant’s target bonus, expressed as a percentage of annual base salary, for the calendar year in which the Covered Termination occurs; provided, however, that if the Participant was not employed for the entire calendar year prior to the date of a Covered Termination, the “Bonus Percentage” shall be

Bonus Percentage means, with respect to any Participant, a whole or fractional percentage designated for such Participant on Annex A attached hereto.

Bonus Percentage shall be a percentage equal to the annual percentage of base salary (i.e., 0% to 125%) paid or payable to a participant under the Company's Executive Bonus Program (and its predecessor or any successor plan or program) with respect to the most recent fiscal year ended prior to Executive's termination of employment;

Bonus Percentage means a percentage of a Manager’s Salary ranging from a minimum of 5% to a maximum of 50% which the Manager may earn as a bonus under the Plan if the Manager achieves l 00% of his or her Individual Incentive Plan.

Bonus Percentage means 100%.

Bonus Percentage means the percentage equal to (i) in the event the Executive is still employed by the Company on the Reference Date, 100%, (ii) in the event the Executive's employment by the Company has been terminated by the Company without Cause following a Change of Control, 100%, and (iii) in the event the Executive's employment by the Company has been terminated by the Company without Cause prior to the Reference Date (other than following a Change of Control) or by reason of the Executive's death or Disability prior to the Reference Date, the product of 100% MULTIPLIED BY a fraction, the numerator of which is the number of days elapsed from the Agreement Date through the date of such termination, and the denominator of which is 1,644.