Deferred Bonus Amount definition

Deferred Bonus Amount means that portion of a Participant’s Annual Incentive Plan Bonus specified in whole percentages that a Participant elects to have and is deferred in accordance with Article 3, for any one Plan Year. In the event of a Participant’s retirement, Disability, death or a Termination of Employment prior to the end of a Plan Year, such year’s Deferred Bonus Amount shall be the actual amount withheld prior to such event.
Deferred Bonus Amount means that portion of a Participant's Annual Bonus specified in whole percentages that a Participant elects to have and is deferred in accordance with Article 3, for any one Plan Year.
Deferred Bonus Amount means such percentage of an Eligible Employee’s Bonus (as defined in the Annual Bonus Plan) as he is required to apply in the acquisition of Investment Shares for the purposes of this Plan;

Examples of Deferred Bonus Amount in a sentence

  • The Executive shall be vested in 66.66% of each Deferred Bonus Amount if he remains continuously employed by the Company until the end of the first fiscal year in which the Deferred Bonus Amount was awarded.

  • The Executive shall vest in 100% of each Deferred Bonus Amount if he remains continuously employed by the Company from each respective Award Date through the corresponding Payment Date, as set forth in Section 1 above.

  • If, during the Annual Investment Window, a Qualified Employee elects to contribute his Deferred Bonus Amount to the Company, then such Qualified Employee shall be eligible to receive a loan from IFC in an amount equal to the Deferred Bonus Amount contributed by such Participating Qualified Employee to the Company for that particular year (each, "an IFC Loan").

  • To reflect this, each Participating Qualified Employee shall become a Member in the Company and will be grouped together with other Participating Qualified Employees electing to contribute their Deferred Bonus Amount to the Company for that same year and such Participating Qualified Employees shall have interests in the same group of Portfolio Investments for the same Deferred Bonus Award Year (each such group of Qualified Employees being herein an "Annual Investment Group").

  • The vested portion of each Deferred Bonus Amount shall be paid to the Executive (or the Executive’s Beneficiary in the event of his death) on the Payment Date designated in the table below.

  • The Company shall pay the Executive the vested portion the Executive’s Deferred Bonus Amounts within fifteen (15) business days following the designated Payment Date for that Deferred Bonus Amount, as specified in Section 1 above.

  • The Executive shall be vested in 33.33% of each Deferred Bonus Amount on the date on which such amount is awarded.

  • The Bonus Fund accrued as of June 28, 1997 (including the 1997 fiscal year Deferred Bonus Amount), both deferred compensation and accrued interest, totaled $1,481,185.25.


More Definitions of Deferred Bonus Amount

Deferred Bonus Amount means (1) $3 million, if Executive’s employment terminates on or before January 3, 2004, (2) $5 million, if Executive’s employment terminates after January 3, 2004 and on or before January 3, 2005, (3) $7 million, if Executive’s employment terminates after January 3, 2005 and on or before January 2, 2006, (4) $9 million, if Executive’s employment terminates after January 3, 2006 and on or before January 3, 2007, and (5) zero if Executive’s employment terminates after January 3, 2007.
Deferred Bonus Amount shall have the meaning set forth in Section 5.2.1.
Deferred Bonus Amount means the aggregate amount to be paid to Optionholders as special bonuses and set forth on the Deferred Bonus Amount Schedule.