Enhancement Bonus definition

Enhancement Bonus means the allocations to an employee Participant's Account made pursuant to Sections 3.02 and 4.01.
Sample 1

Examples of Enhancement Bonus in a sentence

  • A Participant shall only be entitled to his Value Enhancement Bonus Percentage of the Value Enhancement Bonus Pool if the Participant is employed by the Employer on the occurrence of a Liquidity Event.

  • The number of Stock Units to be credited shall be determined by dividing the Deferred Amount and Enhancement Bonus by the Fair Market Value of one share of Stock as of the date on which the amount is credited to the Participant's Account.

  • If Executive remains employed through December 31, 2027, Executive is eligible to receive an additional lump sum cash payment in the amount of $125,000 ("Cash Retention Enhancement Bonus"), with such amount payable in the next regular payroll following December 31, 2027.

  • The Committee shall determine each Participant’s Value Enhancement Bonus Percentage based upon guidelines established by the Board, or as otherwise determined in the discretion of the Committee, and shall notify each Participant of his Value Enhancement Bonus Percentage.

  • Any Cash Retention Bonus, Cash Retention Enhancement Bonus or RSU Retention Bonus not earned as of the Executive's date of death will be treated in accordance with Sections 3(i) and (j) of this Agreement.

  • The Committee shall have full power to select Employees for participation in the Plan; to determine the Value Enhancement Bonus Percentage to be awarded to each Participant; to construe and interpret the Plan and any agreement or instrument entered into hereunder; to establish, amend, or waive rules and regulations for the Plan’s administration and to amend the Plan to the extent provided in Article IX.

  • Each Participant shall commence to participate in the Plan as of the Effective Date, unless specifically provided otherwise in the award of a Value Enhancement Bonus Percentage to a particular Employee, but only upon signing his Participation Agreement and the Confidentiality/Non-Competition/Non-Solicitation Agreement attached hereto as Addendum B.

  • The selected date may be either the date of the Participant's termination of service or an anniversary of the date of deferral, which shall be at least the second anniversary in the case of Deferred Amount Stock Units and at least the fifth anniversary in the case of Enhancement Bonus Stock Units.

  • The rights of Participants to any benefits under the Plan shall only come into existence upon the occurrence of a Liquidity Event which results in an amount being allocated to the Value Enhancement Bonus Pool pursuant to Addendum A.

  • The Company shall grant to an employee Participant (but not to a participant who is a Non-Employee Director) an Enhancement Bonus equal to 25% of the Participant's Deferred Amount for a Plan Year.

Related to Enhancement Bonus

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Basic Compensation means Salary and Benefits.

  • 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 all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Bonus means the bonus described in the Section 2.3.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • 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.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Final compensation of a member means:

  • 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).

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Annual Salary means the salary given under this Part.