Guaranteed Bonus definition

Guaranteed Bonus has the meaning given such term in Section 6 of this Agreement.
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Guaranteed Bonus is defined in Section 5(b).
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Guaranteed Bonus means the amount (if any) by which $150,000 exceeds the Base Salary.
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Examples of Guaranteed Bonus in a sentence

  • Provided Employee shall be employed by the Company through the applicable Bonus Date (as defined below) and no notice of termination has been delivered by either Employee to the Company or by the Company to Employee prior to the applicable Bonus Date, Employee shall be eligible to receive an incentive bonus (the “Annual Incentive Bonus”) in an amount and based on the thresholds set forth on Schedule A less the amount paid as the Guaranteed Bonus.

  • The Guaranteed Bonus shall not be considered to be a bonus or incentive compensation arrangement for purposes of Section 111(b) of the Emergency Economic Stabilization Act of 2008 (“EESA”).

  • The Guaranteed Bonus will be paid to you in a lump sum cash payment as soon as reasonably practicable following the Guaranteed Bonus Payment Date.

  • The Board of Directors of the Company shall annually review the Guaranteed Bonus to determine whether an increase in the amount thereof is warranted.

  • Any portion of the bonus provided in this Section 3(b) permitted by Section 17 that exceeds the Guaranteed Bonus shall be the “Incentive Bonus.” The Incentive Bonus shall not be based upon performance criteria that would encourage Executive to take any unnecessary and excessive risks that threaten the value of Employer, and Employer expressly discourages Executive from taking such risks.

  • Upon any termination of the Executive's employment under this Section 5, the Executive shall be entitled to receive solely all amounts and benefits to be paid or provided by the Corporation under Sections 3(a), 3(b) and 4 of this Agreement up to the Date of Termination, except that a "Proportionate Part" (hereinafter defined) of the Guaranteed Bonus is payable under Section 3(b) of this Agreement.

  • Any cash bonus in excess of the Guaranteed Bonus will be based on performance by Executive and the Company and shall be within the sole discretion of the Board.

  • During the Term, the Executive shall receive an annual cash bonus in an amount at least equal to 75% of the average of the Executive's annual cash bonuses earned with respect to years 1999, 2000 and 2001 (the "Guaranteed Bonus") pursuant to the terms of the Company's bonus plan, as in effect from time to time for senior executives and as adopted by the Board, pro rated in the case of any partial year during the Term.

  • The Executive has agreed to defer receipt of the Guaranteed Bonus pursuant to the terms of the Company’s Management Deferred Compensation Plan until after the Executive’s Date of Termination (as defined below).

  • The Guaranteed Bonus shall be paid at the same time and on the same terms as other executive bonuses under the Bonus Plan.


More Definitions of Guaranteed Bonus

Guaranteed Bonus. For the calendar year 1999 only, you will be guaranteed to receive a minimum bonus of $4,166.77 for each month you are employed by the Company in 1999 (the "Guaranteed Bonus"). Your prorated portion of the Guaranteed Bonus shall be paid semi-monthly, subject to standard payroll deductions and withholdings. For any partial month, you will be paid a pro rata portion of $4,166.77 based on the number of days you were employed during such month.
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Guaranteed Bonus means an amount equal to $70,000 for the 2000 calendar year, payable in accordance with the first paragraph of SECTION 4(b) below, or the pro-rated portion thereof payable in the event of any Voluntary Termination or Termination With Cause prior to payment of such amount in the year 2000.
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Guaranteed Bonus the guaranteed bonus payable to the Executive pursuant to Clause 5.1.1;
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Guaranteed Bonus as defined in Section 3.2.
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Guaranteed Bonus means a bonus applied in relation to the Guaranteed Income in respect of a Transferring Policy or Excluded Policy;
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Guaranteed Bonus means any amount set out in the employment contract of a Candidate as at the Acceptance Date by way of a guaranteed cash bonus amount due from the Client to the Candidate which is fixed and quantified as at the Acceptance Date and payable on or before the first anniversary of the Employment start Date and subject only to the Candidate being employed on the relevant date of payment.
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Related to Guaranteed Bonus

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

  • 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.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

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

  • Bonus means the bonus described in the Section 2.3.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

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

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • 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 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.

  • Retention Bonus means the amount equal to:

  • Bonus Payments means that portion of the bonus payments received by the

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

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

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • 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).

  • 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.

  • 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).

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • 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.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

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

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • 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);