Performance Bonus definition

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.

Performance Bonus means the cash bonus which may be granted to Eligible Employees under Article IX of the Plan.

Performance Bonus shall have the meaning given to that term in Section 4(d) hereof.

Examples of Performance Bonus in a sentence

• The Driver Performance Bonus is intended to enhance and improve customer service and satisfaction and to reward and encourage drivers in the performance of their jobs.

• The Driver Performance Bonus is intended to enhance and improve customer service and satisfaction and to reward and encourage drivers in the their jobs.

• Note: one year of service will not apply to drivers on payroll as of May 2000) The Driver Performance Bonus shall be paid on the following basis: Each eligible driver shall be awarded an annual bonus of gross amount for and August conditional upon branch reaching in fiscal business plan and a reduction of and time off.

• The Driver Performance Bonus shall be paid on the following basis: Each eligible driver who performs a regular home to school run (a.m., shall be awarded an annual bonus of Gross Amount.

• Note: one of service will to payroll as May The Driver Performance Bonus shall be paid on the following basis: Each eligible driver shall be awarded an annual bonus of gross amount ( effective September gross amount).

More Definitions of Performance Bonus

Performance Bonus is defined in section 4(c). ------------

Performance Bonus means the bonus which may be granted to Eligible Employees under Article X of this Plan.

Performance Bonus means any portion of the bonus awarded to Employee under the Annual Incentive Program in which the Employee may elect to take in the form of cash, and which shall not include the Incentive Bonus.

Performance Bonus means a performance bonus payable on a per Unit basis by the Partnership to the Manager in an amount equal to 20% of the amount by which the Net Asset Value per Unit on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus any distributions per Unit paid during the period commencing on the date of the Initial Closing and ending on the Performance Bonus Date exceeds $1,120.

Performance Bonus means an award denominated in cash or Shares that is made under Section 6(c)(ii) of the Plan and that is paid solely on account of the attainment of one or more specified performance targets in relation to one or more Performance Measures.

Performance Bonus the annual performance based bonus to which the Executive may be entitled pursuant to Clause 5.1.2;

Performance Bonus has the meaning set forth in Section 13.3.