Individual Bonus definition

Individual Bonus means the cash bonus payable to an eligible Employee based on the individual contribution of such eligible Employee to achievement of Newmont’s strategic objectives during the Performance Period, as set forth in Section 5.1 (or portion thereof as provided in Section 5.2).

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Individual Bonus means any compensation, in addition to Annual Base Salary relating to services performed during any Plan Year, whether or not paid in such Plan Year or included on the Federal Income Tax Form W-2, payable to a Participant as an Employee under the Employer's individual bonus plans that are based on individual performance goals.

Individual Bonus shall have the meaning set forth in Section 9.01(f).

Examples of Individual Bonus in a sentence

• Seller shall disclose the Individual Bonus Amounts to the Buyer at least five business days prior to such payment to eligible Transferred Employees.

• The Compensation Committee shall determine the extent you have achieved the objectives with respect to the Individual Bonus and shall certify the amounts of the Corporate Bonus and Individual Bonus, if any, and authorize the payout of the Bonus.

• Seller shall pay the Individual Bonus Amounts to eligible Transferred Employees on or before *** and shall pay, withhold and/or remit all income tax, payroll tax and other similar amounts exigible on such cash bonus awards as required under applicable Law.

• The determination whether Executive has achieved the performance goals for a fiscal year, and the amount of the Individual Bonus to be awarded for such year, will be determined by the Company in its sole discretion.

• Notwithstanding any provision to the contrary in this Agreement (including the above provisions of this paragraph), if Executive’s employment is terminated for Cause or if Executive resigns without Good Reason, Executive shall not be entitled to receive any previously unpaid portion of the current or any prior fiscal year’s Corporate Bonus, nor any unpaid portion of the current or any prior fiscal year’s Individual Bonus that is not a Protected Individual Bonus.

• The Commissions and Individual Bonus and Team Bonus portions of the Annual Deferral Amount shall be withheld at the time the Commissions and Bonuses are or otherwise would be paid to the Participant, whether or not this occurs during the Plan Year itself.

• The Individual Performance Bonus will range for 0% to 100% of the Individual Bonus Base.

• At the Closing, the Buyer shall deposit with the Company an amount equal to the Transaction Bonus Amount, and the Company shall use such funds to pay to each individual eligible to receive a closing bonus under the Transaction Bonus Agreements, such individual’s Individual Bonus Amount, less applicable Taxes required to be withheld with respect to such payments.

• For each Plan Year in which an Annual Deferral Amount is being withheld from a Participant, the Participant's Employer(s) shall withhold from that portion of the Participant's Annual Base Salary, Commissions, Individual Bonus and Team Bonus that is not being deferred, in a manner determined by the Employer, the Participant's share of FICA and other employment taxes on such Annual Deferral Amount.

• One half of the Bonus shall be determined on an incremental, pro rata basis such that the Executive’s Individual Bonus will equal, for example, fifty percent (50%) of the Executive’s Base Pay in the event that one hundred percent (100%) of Executive’s individual goals are achieved as determined by the Board of Managers.

More Definitions of Individual Bonus

Individual Bonus means the dollar amount which results from multiplying the Participant’s Compensation for the Bonus Period by the product of (a) the Participant’s Target Bonus Percent, (b) the Participant’s Corporate Performance Bonus Multiplier, (c) twenty percent (20%) and (d) the Participant’s Individual Performance Factor (using two hundred percent (200%) as the Participant’s Individual Performance Factor unless reduced as set forth in the following sentence). Notwithstanding the foregoing, the Participant’s Individual Performance Factor may be reduced, but not below zero (0), if the Participant’s individual performance for the Bonus falls below that expected for an Individual Performance Factor of two hundred percent (200%).

Individual Bonus means the greater of (i) the Individual Bonus Target Percentage, multiplied by the Executive’s Base Salary and (ii) the average of the “individual” (or successor) annual bonus paid or payable to the Executive in respect of the three (or fewer) calendar years (annualized with respect to any such calendar year for which the Executive has been employed for only a portion thereof) immediately prior to the calendar year in which the Change in Control occurs.