Bonus Rate definition

Bonus Rate shall be the average bonus payment divided by the timeframe covered (based on 2,080 hours per year).
Bonus Rate means, for a Plan Year, an interest rate, if any, determined by the Committee, in its sole discretion, which rate shall be determined and announced before the commencement of the Plan Year for the which the rate applies. This rate may be zero for any Plan Year. 1.10 "Change in Control" shall mean:
Bonus Rate means the quotient determined by dividing whichever of the following amounts is the greatest by twelve (12):

Examples of Bonus Rate in a sentence

  • The specified Target Bonus Rate may be increased from time to time by the Compensation Committee but shall not be decreased without the Executive’s written consent.

  • CIBC will renew a variable rate GIC into the same type of variable rate GIC, for the same term, if available, and a fixed rate GIC into the same type of fixed rate GIC (except the CIBC Special Offer GIC which will renew into a fixed rate CIBC Bonus Rate GIC issued by CIBC Trust), for the same term, if available, unless you provide CIBC with different instructions before the maturity date.

  • If the Minimum Bonus Rate is changed, it shall, likewise, be changed for all purposes of this Agreement.

  • While this Rider is in force, the Benefit Base will be increased by the amount of each Purchase Payment made on or before the GWB Purchase Payment Date, plus an amount determined by multiplying any applicable GWB Bonus Rate specified on the Contract Schedule to such Purchase Payment.

  • If the Bonus Rate and/or the Put Rate applicable to the Securities are or become negative, investors will have to bear the risk of loss of capital invested.


More Definitions of Bonus Rate

Bonus Rate has the meaning set forth in Section 13.3A.1.”
Bonus Rate for a Plan Year shall mean an interest rate determined for each Plan Year by the Committee, in its sole discretion, which rate shall be determined on or before the first business day of the month that precedes the beginning of the Plan Year for which the rate applies.
Bonus Rate means, for that portion of a Participant's Account Balance allocated to the Moody's Bond Index Measurement Fund, for each Plan Year, a crediting or debiting rate, stated as an annual rate, equal to 30% of the performance of the Moody's Bond Index Measurement Fund itself, in accordance with Section 3.6.
Bonus Rate means additional factors multiplied to a beneficiary’s benefit to determine bonus payment as determined by an actuarial; and
Bonus Rate for any Plan Year shall mean an interest rate, stated as an annual rate, equal to (i)
Bonus Rate means, for a Plan Year, an interest rate equal to 20% of the Crediting Rate determined for such Plan Year.
Bonus Rate means the rate specified in clause 2 for any order placed by a User, and where an order is partly within one bonus tier and partly within another, such bonus rate as is applicable to that part of the order falling within each of the bonus tiers; Bonus Tokens means additional Invox tokens provided to a User if an order is made with the Required Contribution paid during a period in which a bonus applies; Business Day means any day except a Saturday or a Sunday or other public holiday in Adelaide, South Australia; Company means Invox Finance Pty Ltd ACN 000 000 000 of Xxxxx 0, 000 Xxxxxx Xxxxxx, North Adelaide SA 5006; Corporations Act means the Corporations Act 2001 (Cth); Conversion Period means the period of time commencing when the Invox Platform is launched, and ending when the audit of the ICO is completed and the User has complied with its obligations under clause 5.2;