Maximum Bonus Percentage definition

Maximum Bonus Percentage means a Return on Equity of 20.0%. For fiscal years after fiscal 1996 the Company shall determine the Zero Bonus Percentage and the Maximum Bonus Percentage, consistent in each case with expected results based upon the Company's normal projection procedures, or based on sound statistical or trend data, and the determination by the Company of such percentages shall be conclusive and binding on Executive. If Return on Equity for the fiscal year in question is the Zero Bonus Percentage or less, no Formula Bonus Compensation shall be payable. If Return on Equity equals or exceeds the Maximum Bonus Percentage, the Formula Bonus Compensation payable to Executive shall be 42% of his Base Salary. If Return on Equity is more than the Zero Bonus Percentage and less than the Maximum Bonus Percentage, the Formula Bonus Compensation shall be increased from zero percent of Base Salary towards 42% of Base Salary in the same proportion that Return on Equity increases from the Zero Bonus Percentage to the Maximum Bonus Percentage. Thus, for example, if Return on Equity for fiscal 1996 is 16.25% (the midpoint between 12.5% and 20.0%) the Formula Bonus Compensation shall be an amount equal to 21% of Executive's Base Salary (the midpoint between zero percent of Base Salary and 42% of Base Salary).

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Maximum Bonus Percentage means a Return on Equity of the following respective percentages: Fiscal year 1993 - 18.5% Fiscal year 1994 - 19.0% For fiscal years after fiscal 1995 the Company shall determine the Zero Bonus Percentage, and for fiscal years after fiscal 1994 the company shall determine the Maximum Bonus Percentage, consistent in each case with expected results based upon the Company's normal projection procedures, or based on sound statistical or trend data, and the determination by the Company of such percentages shall be conclusive and binding on Executive. If Return on Equity for the fiscal year in question is the Zero Bonus Percentage or less, no Bonus Compensation shall be payable. If Return on Equity equals or exceeds the Maximum Bonus Percentage, the Bonus Compensation payable to Executive shall be 70% of his Base Salary. If Return on Equity is more than the Zero Bonus Percentage and less than the Maximum Bonus Percentage, the Bonus Compensation shall be increased from zero percent of Base Salary towards 70% of Base Salary in the same proportion that Return on Equity increases from the Zero Bonus Percentage to the Maximum Bonus Percentage. Thus, for example, if Return on Equity for fiscal 1993 is 15.50% (the midpoint between 12.5% and 18.5%) the Bonus Compensation shall be an amount equal to 35% of Executive's Base Salary (the midpoint between zero percent of Base Salary and 70% of Base Salary). The Bonus Compensation shall be paid in installments as follows:

Maximum Bonus Percentage means and refers to 200% of the Target Bonus Percentage.

Examples of Maximum Bonus Percentage in a sentence

The Board (or the Compensation Committee) shall undertake a review of rate of Base Salary and the Target Bonus Percentage and Maximum Bonus Percentage (the “Bonus Percentages”) not less frequently than annually during the Employment Period and may increase, but not decrease, the rate of Base Salary and the Bonus Percentages from those then in effect.
The Executive's "Maximum Bonus Percentages" and "Maximum Performance Bonus" are set forth in Exhibit A to this Agreement and the Executive's "Maximum Cash Performance Bonus" for any fiscal year shall be his Base Salary for such year multiplied by the Maximum Bonus Percentage for the Cash Bonus Component of the Performance Bonus as set forth in Exhibit A.
The Board (or the Compensation Committee of the Board) shall undertake a review of rate of Base Salary and the Target Bonus Percentage and Maximum Bonus Percentage (the “Bonus Percentages”) not less frequently than annually during the Employment Period and may increase, but not decrease, the rate of Base Salary and the Bonus Percentages from those then in effect.
Target Bonus Percentage: 100% Maximum Bonus Percentage: 200% In consideration of the payments and promises contained in your Employment Agreement with HealthMarkets, Inc.
Notwithstanding the foregoing, for any year after 2004, the Board and the Executive may by mutual consent modify the Threshold Bonus Percentage, the Threshold Achievement Percentage, the Maximum Bonus Percentage and/or the Maximum Achievement Percentage.
Annual Base Salary $540,798 Maximum Bonus Percentage 75 percent Number of Restricted Units 1,500 Vacation Days 25 with a maximum accrual limit of 50 days Executive Medical Plan The Executive shall be entitled to participate in the current executive medical plan of the Company at the Company’s expense.

More Definitions of Maximum Bonus Percentage

Maximum Bonus Percentage has the meaning specified in Section 4(b)(ii).

Maximum Bonus Percentage means a Return on Equity of 18.0%. For fiscal years after fiscal 1998 the Company shall determine the Zero Bonus Percentage

Maximum Bonus Percentage means a Return on Equity of 18%. For fiscal years after fiscal 1998, the Company shall determine the Zero Bonus Percentage and the Maximum Bonus Percentage consistent with expected results based upon the Company's normal projection procedures, or based on sound statistical or trend data, and the determination by the Company of such percentages shall be conclusive and binding on Executive. If Return on Equity for the fiscal year in question is the Zero Bonus Percentage or less, no Bonus Compensation shall be payable. If Return on Equity equals or exceeds the Maximum Bonus Percentage, the Bonus Compensation payable to Executive shall be 70% of his Base Salary. If Return on Equity is more than the Zero Bonus Percentage and less than the Maximum Bonus Percentage, the Bonus Compensation shall be increased from zero percent of Base Salary towards 70% of Base Salary in the same proportion that Return on The Bonus Compensation shall be paid in installments, as follows:

Maximum Bonus Percentage means a Return on Equity of 17%. For fiscal years after fiscal 1999 the Company shall determine the Zero Bonus Percentage and the Maximum Bonus Percentage, consistent in each case with expected results based upon the Company's normal projection procedures, or based on sound statistical or trend data, and the determination by the Company of such percentages shall be conclusive and binding on Executive. If Return on Equity for the fiscal year in question is the Zero Bonus Percentage or less, no Formula Bonus Compensation shall be payable. If Return on Equity equals or exceeds the Maximum Bonus Percentage, the Formula Bonus Compensation payable to Executive shall be 28% of his Base Salary. If Return on Equity is more than the Zero Bonus Percentage and less than the Maximum Bonus Percentage, the Formula Bonus Compensation shall be increased from zero percent of Base Salary towards 28% of Base Salary in the same proportion that