Bonus Year definition

Bonus Year means an annual bonus period under the MIC Plan or a New MIC Plan.
Bonus Year shall have the meaning set forth in Section 2(b) of this Agreement.
Bonus Year means fiscal year of the Company, provided, however, that in the event the fiscal year of the Company is changed, any calculations made under Section 3.2 and Exhibit A hereto shall be proportionately adjusted as the Board, in its sole and absolute discretion, shall deem appropriate.

Examples of Bonus Year in a sentence

  • Each Bonus Year during the Term, the Compensation Committee will review the structure of the targets provided by it for the preceding Bonus Year and establish the targets for the Bonus Year as it deems appropriate.

  • As used in the Plan the term "Bonus Year" shall mean a calendar year.

  • The performance targets that must be achieved in order to be eligible for certain bonus levels shall be established by the Compensation Committee annually, in its sole discretion, and communicated to Employee within the first one-hundred twenty (120) days of the applicable Bonus Year.

  • Subject to Section 4, Executive will be entitled to receive the Bonus only upon the Company’s achievement of the specified performance objectives and if Executive is employed on the last day of the applicable Bonus Year.

  • The Bonus shall become payable on March 15 of the year following the end of the applicable Bonus Year, provided that the Board or Compensation Committee finally determines (x) that the Company has achieved the applicable performance objectives and (y) the amount of the bonus that shall be paid to each executive entitled to receive a bonus for the applicable Bonus Year.


More Definitions of Bonus Year

Bonus Year means the period of January 1 to December 31 each year, used by the Employer to assess awards to the Employee under the Annual Incentive Plan or any other bonus or incentive plan established by the Employer;
Bonus Year. ’ shall mean the calendar year for which an annual bonus is payable.
Bonus Year means any fiscal year of the Company.
Bonus Year means an annual bonus period under the Management Incentive Plan.
Bonus Year means the financial year of the Company (or other relevant period) over which the Bonus is earned by reference to performance over that financial year (or other relevant period);
Bonus Year or "Year" shall mean a calendar year;
Bonus Year has the meaning given to it in clause 9.4;