Bonus Potential definition

Bonus Potential means the maximum bonus amount Executive could receive pursuant to Section 3.2 hereof, or for periods prior to the Effective Date, the maximum bonus amount Executive could receive under the terms of his annual bonus letter or, if no bonus letter was issued, otherwise in accordance with the terms of the Company's bonus plan then in effect for all senior executives of the Company; provided, however, in no event shall Executive's Bonus Potential for the year in which the Bonus Potential is being determined (a) be less than 60% of Executive's Annual Base Salary as in effect on January 1 of such year, or (b) take into account, or include in any way, any increase in Executive's bonus amount due to the Company exceeding its base goals for such year (e.g., if Executive's base Bonus Potential is stated at $50,000, but Executive is eligible to receive more than $50,000 if certain targets are exceeded, such as per Section 3.11 hereof, then Executive's Bonus Potential for purposes of this definition is $50,000).
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Bonus Potential means the annual bonus amount that will be earned by the Executive under the Company Bonus Plan if the Company’s EBITDA is 100% of the targeted EBITDA for the applicable period as set forth on Exhibit B. The Executive’s standard Bonus Potential is set forth on Exhibit A, Schedule 1, but the actual Bonus Potential in any year may be adjusted up or down with the Executive’s prior written consent.
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Bonus Potential means the maximum bonus amount the Executive could receive under the terms of his or her annual bonus letter or, if no bonus letter is issued, otherwise in accordance with the terms of the Company's bonus plan then in effect for all senior executives of the Company. If a maximum bonus amount is not determinable, then the Compensation Committee shall determine in good faith the amount of the bonus the Executive could reasonably have been expected to have received for the Termination Year, and such determination shall be final and binding on all parties; provided that, for purposes of this Agreement, if a maximum bonus amount is not determinable, in no event shall such amount be less than the average of the actual bonus payment received by the Executive in respect of the three (3) full years immediately preceding the Termination Year (or such shorter period if the Executive was employed by the Company for less than three (3) years).
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Examples of Bonus Potential in a sentence

  • The Base Salary and Bonus Potential may not be decreased without the Executive’s express prior written consent.

  • At least annually during the Employment, the Company shall review with the Executive the Base Salary, the Bonus Potential, and all other forms of compensation, which the Executive is then receiving (or, in the case of contingent compensation, for which the Executive is a participant in the applicable plan).

  • The Base Salary and Bonus Potential may be increased (but not decreased) from time to time as determined by the Company’s Board or the Compensation Committee thereof.

  • Executive will be paid his Bonus Potential Earned pursuant to the terms of the Company Bonus Plan.

  • At least annually during the Employment, the Company shall review with the Executive the Base Salary, the Bonus Potential At Target, and all other forms of compensation, which the Executive is then receiving (or, in the case of contingent compensation, for which the Executive is a participant in the applicable plan).

  • Executive will be paid his Bonus Potential Earned pursuant to terms of the Corporate Bonus Plan based on his Bonus Potential At Target and his actual performance during the bonus period.

  • The size of Executive’s bonus opportunity, which shall be no less than the Bonus Potential, and the terms of Executive’s participation in the Annual Bonus Plan, shall be determined based on the terms and conditions of the Annual Bonus Plan, subject to adjustment as described therein.

  • The Executive's Bonus Potential At Target shall be automatically increased by the same percentage as any increase in the Base Salary as provided in Section 4.1. Any increase in Base Salary shall not limit or reduce any other obligation of the Company to the Executive under this Agreement.

  • Subject to the achievement or failure to achieve the relevant financial and non-financial objectives under the Annual Bonus Plan, Executive may receive, for any given year, from 0% to 200% of Executive's Bonus Potential (or such higher percentage as may be achievable pursuant to the terms of the Annual Bonus Plan), as further set forth in the Annual Bonus Plan.

  • For each of calendar year 2001, 2002 and 2003, if the Company achieves its EPS goal as approved by the Board, and also achieves either (i) its "stretch" goal for EBITDA, or (ii) its "stretch" goal for Cash Flow, as determined by the Board for a particular year, then Executive shall be eligible to receive for such year an Annual Bonus payment of up to 200% of Executive's Bonus Potential for the given year, subject to the terms and provisions of Section 3.2 hereof.

Related to Bonus Potential

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • 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 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.

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

  • 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 any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.