Pensionable Bonus definition

Pensionable Bonus means the portion of Annual Incentive Bonus which is used under the defined benefit pension plan and the supplemental benefit pension plan to determine final or best average earnings;
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Pensionable Bonus for a calendar year, means:
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Pensionable Bonus any bonus awarded to you in any year which ▇▇▇▇▇ has declared to be pensionable and also which you have elected to be pensionable at the time the first such bonus is awarded to you. The Pensionable Bonus cannot exceed in any one year 10 per cent. of the average of your Basic Pay for ▇▇▇▇▇' financial year ending immediately before the Pensionable Bonus is awarded. Pensionable Employment: the period from the date your employment with ▇▇▇▇▇ started (or such other date as may be notified to you in writing) until the Termination Date.
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Examples of Pensionable Bonus in a sentence

  • In addition, the Corporation agrees that the portion of the Annual Incentive Bonus used in calculating Pensionable Bonus for all years of credited service shall not be less than 50% of Annual Incentive Bonus for each applicable year.

Related to Pensionable Bonus

  • Earnable compensation means the full rate of 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.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

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