Maximum Bonus Opportunity definition

Maximum Bonus Opportunity shall be calculated as follows: If the Change of Control occurs in the first half of the fiscal year, the Maximum Bonus Opportunity will be the greater of the bonus paid for the prior fiscal year or the bonus which is payable for the year in which the Change of Control takes place. If the Change of Control takes place in the second half of the fiscal year, the Maximum Bonus Opportunity will be the bonus which is payable for the year in which the Change of Control takes place.

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Maximum Bonus Opportunity means the maximum cash bonus payable to the Executive by the Company.

Maximum Bonus Opportunity means an amount equal to the maximum percentage of the Participant's base salary which may be paid to the Participant as a bonus award subject to performance criteria as determined by the Committee from time to time.

Examples of Maximum Bonus Opportunity in a sentence

• The amounts of the Targeted and the Maximum Bonus Opportunity for each Participant in Tier I, Tier II, Tier III and Tier IV respectively shall be based upon a formula or formulas determined by the Compensation Committee on an annual basis and shall be defined as a percentage of base salary for each Participant.

• The Maximum Bonus Opportunity shall be divided as follows: up to thirty percent (30%) of the Base Compensation shall be eligible for inclusion in the Parent's Executive Bonus Plan.

• In addition to the compensation set forth in subparagraph a, above, Executive may receive a bonus of up to fifty percent (50%) of the Base Compensation for each year (the "Maximum Bonus Opportunity"), which percentage shall be eligible for inclusion into the Company's Executive Bonus Plan.

• In addition to the compensation set forth in subparagraph a, above, Executive may receive a bonus of up to fifty percent (50%) of the Base Compensation for each year (the "Maximum Bonus Opportunity").

More Definitions of Maximum Bonus Opportunity

Maximum Bonus Opportunity means the maximum Actual Incentive Award that may be earned by a Participant based upon achievement of the maximum EPS and ROTC performance goals set forth on Exhibit A for Group A Participants and the maximum GNP and ROTI Performance Goals set forth on Exhibit B of Group B Participants.