Performance Bonus Multiplier definition
Performance Bonus Multiplier means either (i) zero (0) or (ii) the percentage from fifty percent (50%) to two hundred percent (200%) that applies to determine the Participant’s Performance Bonus for the Bonus Period. The Committee shall establish the Performance Bonus Multipliers that relate to the levels of Corporation Performance Objectives that must be achieved during the Bonus Period to calculate the Participant’s Performance Bonus.
Performance Bonus Multiplier means a percentage determined by the Committee by measuring Net Income against the Net Income Target.
Examples of Performance Bonus Multiplier in a sentence
The Performance Bonus Multiplier shall be a percentage, ranging from 0% to 200%, depending on the “Performance Goals” relative to the “Performance Criteria,” as such terms are defined in the AIP, all as established by the Committee for all participants in the AIP.
The Performance Bonus Multiplier shall be a percentage, ranging from 0% to 150%, depending on the “Performance Goals” relative to the “Performance Criteria,” as such terms are defined in the AIP, all as established by the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) for all participants in the AIP.