Maximum Bonus Amount definition

Maximum Bonus Amount. The "Maximum Bonus Amount" for any Term Year shall be as follows: FOR THE FIRST TERM YEAR: Five Hundred Seventy-Four Thousand Dollars ($574,000). FOR THE SECOND TERM YEAR: Six Hundred Twenty-Four Thousand Dollars ($624,000). FOR THE THIRD TERM YEAR: Six Hundred Fifty Thousand Dollars ($650,000).
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Maximum Bonus Amount means, for each Bonus Period, the amounts set forth in Exhibit B (determined by multiplying the Election Percentage for each Bonus Period by the Total Bonus Amount).
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Maximum Bonus Amount means $2,000,000 for the fiscal year ending February 28, 1995; thereafter, the Maximum Bonus Amount for each subsequent fiscal year shall be increased by 10% over the Maximum Bonus Amount for the immediately preceding fiscal year.
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Examples of Maximum Bonus Amount in a sentence

  • The Maximum Bonus Amount for any partial Fiscal Year occurring during the Term shall be prorated.

  • The Maximum Bonus Amount will be reviewed annually by the Board and may be increased but not decreased pursuant to such review.

  • For each fiscal year during the Employment Period, the Compensation Committee may award an additional bonus, in its sole discretion, to the Executive of up to 50% of the Executive's Maximum Bonus Amount, in the event of the Executive's significant out-performance of objective performance criteria that have been pre-established by the Compensation Committee.

  • Under the EIP, for the first Fiscal Year ending during the Term, you will be eligible to earn an annual bonus (the "Annual Bonus") of up to 55% of your actual Salary earned during the applicable Fiscal Year (the "Maximum Bonus Amount"), based on targets set by the Board for your Annual Bonus for such Fiscal Year.

  • In addition to your Base Salary, you may also be entitled to an annual bonus up to a maximum amount (the "Maximum Bonus Amount") and based on the attainment of certain performance goals, both of which shall be established annually by the Compensation Committee of the Board of Directors, with participation by you and your supervisor, and identified in Schedule "B," attached and incorporated by reference to this Agreement (the "Annual Bonus").

  • Under no 4 circumstance, however, shall the aggregate bonus potential for any participant for any Performance Period exceed the applicable Maximum Bonus Amount set forth in Paragraph VI.B.

  • The maximum amount of the Bonus payable to each Participant (the "Maximum Bonus Amount") shall be determined by multiplying (i) the Bonus Pool (as defined in Section 3.2 below), by (ii) the Participant's "Bonus Percentage" as set forth in the following table: --------------------------- ------------- Bonus Participant Percentage --------------------------- ------------- --------------------------- ------------- John E.

  • The maximum amount of the Bonus payable to each Participant (the "Maximum Bonus Amount") shall be determined by multiplying (i) the Bonus Pool (as defined in Section 3.2 below), by (ii) the Participant's "Bonus Percentage" as set forth in the following table: Bonus Participant Percentage =================================== John E.

  • The Participant’s pro-rated Long-Term Incentive Bonus for the Earn-Out Period shall be the lesser of (i) the dollar amount so calculated or (ii) the Pro-Rated Maximum Bonus Amount calculated for that Earn-Out Period on the basis of the total number of days for which that Earn-Out Period was originally scheduled to last.

  • Under the EIP, for the first Fiscal Year ending during the Term, you will be eligible to earn an annual bonus (the "Annual Bonus") of up to 75% of your actual Salary earned during the applicable Fiscal Year (the "Maximum Bonus Amount"), based on targets set by the Board for your Annual Bonus for such Fiscal Year.


More Definitions of Maximum Bonus Amount

Maximum Bonus Amount means the maximum bonus amount set by the Compensation Committee for a Participant with respect to a Performance Period under either the Annual Program or Long-Term Program. Except to the extent the Compensation Committee may otherwise determine, each Participant’s Maximum Bonus Amount shall generally equal two times his or her Target Bonus Amount with respect to the Annual Program.
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Maximum Bonus Amount means the maximum amount of the Cash Incentive Award granted to each Participant in the Plan as specified in the Grant Agreement.
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Maximum Bonus Amount with respect to any calendar year indicated below shall equal the amount specified below with respect to such year: Calendar Year Maximum Bonus Amount ------------- -------------------- 1997...................................................... $60,000 1998...................................................... 65,000 1999...................................................... 75,000
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Maximum Bonus Amount means the maximum dollar amount of the Long-Term Incentive Bonus which a Participant may earn for any one Earn-Out Period. Such Maximum Bonus Amount shall be determined by the Plan Administrator within the first ninety (90) days of the Earn-Out Period, but in no event shall such amount exceed the dollar amount determined by multiplying the number of calendar years comprising the Earn-Out Period by Two Hundred Fifty Thousand Dollars ($250,000). For any pro-rated Long-Term Incentive Bonus which becomes payable under the Plan, the Pro-Rated Maximum Bonus Amount shall be determined by multiplying the Maximum Bonus Amount for the Earn-Out Period to which that bonus relates by a fraction, the numerator of which is the number of days the Participant continued in Employee status during that Earn-Out Period and the denominator of which is the total number of days in the calendar years comprising such Earn-Out Period.
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Maximum Bonus Amount shall have the values set forth in the table below. Applicable Fiscal Year 80% Bonus Amount 100% Bonus Amount 120% Bonus Amount Maximum Bonus Amount Ending March 31, 2012 $ 0 $ 1,750,000.00 $ 2,500,000.00 $ 3,500,000.00 Ending March 31, 2013 $ 0 $ 1,802,500.00 $ 2,575,000.00 $ 3,605,000.00 Ending March 31, 2014 $ 0 $ 1,856,575.00 $ 2,652,250.00 $ 3,713,150.00 Ending March 31, 2015 $ 0 $ 1,912,272.25 $ 2,731,817.50 $ 3,824,544.50 For example, if the actual results in the Applicable Fiscal Year ending March 31, 2012 are 110% of the Target (as defined below), the Annual Bonus shall be $2,125,000.
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Related to Maximum Bonus Amount

  • 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.

  • 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).

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

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

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

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

  • 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.

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

  • Average Bonus means the average of the bonuses paid to Employee over the last two years (or such lesser number of years in which Employee was eligible to receive a bonus) in which the Employee was eligible to receive a bonus.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • Maximum Award means as to any Participant for any Performance Period, $4 million.

  • 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.

  • 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 Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • 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.