MIP Bonus definition

MIP Bonus means the bonus earned by CEO under the MIP for the Fiscal Year, without regard to any additional amounts the CEO may be entitled to receive under the MIP as a result of elections made by CEO. For the avoidance of doubt, the MIP Bonus shall not include any Company matching contributions resulting from the deferral of all or a portion of the MIP Bonus under the EDCP.

MIP Bonus means the bonus earned by CEO under the MIP for the Fiscal Year, without regard to any additional amounts the CEO may be entitled to receive under the MIP as a result of elections made by the CEO. By way of example, the MIP Bonus will not include any “Additional Shares” or “Additional Cash Bonus” (as such terms are defined in the MIP) the CEO may be entitled to receive pursuant to Sections 6(A) and 6(B) of the MIP as a result of electing to receive a portion of his MIP Bonus in Company stock. For avoidance of doubt, the MIP Bonus will not include any Company matching contributions resulting from the deferral of all or a portion of the MIP Bonus under the EDCP.

MIP Bonus means a payment under the terms of the 1998 Amendment and Restatement of the Fort James Corporation Management Incentive Plan (as amended from time to time) or under any successor plan.

Examples of MIP Bonus in a sentence

• For subsequent year’s MIP Bonus calculation purposes, the Executive’s targeted Adjusted EBITDA shall be based on that year’s annual budget as approved by the Board of Directors.

• Any bonus earned due to the Company’s achievement of such Adjusted EBITDA targets shall be paid on pro rata basis to the Executive for any period of less than a full calendar year that the Executive is employed by the Company at such time as regular MIP Bonus payments are made to other employees.

• Under no circumstances will a Participant forfeit any portion of the Participant’s Deferred Compensation, Deferred MIP Bonus and Deferred Special Bonus.

• The portion of the MIP Fund, if any, payable to Executive as a bonus for any fiscal year is referred to herein as the MIP Bonus.

• The amount of Additional Shares and Additional Cash Bonus awarded to the CEO under the MIP shall be determined after reducing the MIP Bonus by the Forfeited Amount.

More Definitions of MIP Bonus

MIP Bonus means the Management Incentive Plan bonus or alternative annual incentive plan bonus, for which you are eligible as of your Termination Date.

MIP Bonus means the bonus earned by the CEO under the MIP for the Fiscal Year for which the CEO's performance is being evaluated for purposes of the Plan as determined by the Committee in its sole discretion.

MIP Bonus means the annual bonus that may be paid to an Eligible Employee --------- by an Employer in accordance with the Employer's management incentive program.

MIP Bonus has the meaning set out in clause 3.1.3;

MIP Bonus. MIP Bonus” means a bonus awarded or to be awarded to the Participant under the Management Incentive Plan, or any bonus awarded or to be

MIP Bonus. MIP Bonus’ means a bonus awarded or to be awarded to the Participant under (i) the Management Incentive Plan; and/or (ii) the Sysco Corporation 2006 Supplemental Performance Based Bonus Plan, as may be amended from time to time, and any successor plan with respect to a given Plan Year ending after July 1, 2006.”

MIP Bonus. 2019: Your participation in any Company bonus plan, including but not limited to the Management Incentive Plan (“MIP”), will cease as of the Termination Date. You will not be eligible for any incentive bonus under the MIP or otherwise in 2019. Taxes: All severance payments and benefits are subject to applicable withholdings per Section 19 of the Agreement.