Performance Bonus Plan definition

Performance Bonus Plan means the Parker-Hannifin Corporation Performance Bonus Plan, as the same may be amended from time to time, or any successor thereto.

Performance Bonus Plan means the Parker-Hannifin Corporation 2022 Performance Bonus Plan, as it existed prior to its expiration, or any successor plan approved by the shareholders of the Company.

Performance Bonus Plan means, effective January 1, 2000, the Company's Performance Bonus Plan for Salaried Employees.

Examples of Performance Bonus Plan in a sentence

• During Executive’s employment under this Agreement, Executive will be eligible for a performance bonus, subject to the terms and conditions of the Company’s Performance Bonus Plan, which is applicable to senior executives of the Company.

• Performance bonuses will be paid out according to the terms of the Company’s Performance Bonus Plan.

• The Board may amend the terms and conditions of the Performance Bonus Plan at any time in its sole discretion.

• However, payment of the performance bonus will be conditioned on the Company’s achievement of corporate performance objectives approved by the Company and on the Executive’s achievement of individual performance metrics to be established annually and approved by the Company, all as established pursuant to the Company’s Performance Bonus Plan as then in effect, and the bonus may be zero.

• For the avoidance of doubt, the performance bonus will be payable only if the corporate and/or individual performance objectives approved by the Company are achieved as determined by the Company, subject to the Company’s right to exercise discretion in determining the amount of the bonus to be awarded, if any, as set forth in the Company’s Performance Bonus Plan then in effect.

More Definitions of Performance Bonus Plan

Performance Bonus Plan means the Parker-Hannifin Corporation 2015 Performance Bonus Plan, as amended from time to time, or any successor plan approved by the shareholders of the Company.

Performance Bonus Plan means the Parker-Hannifin Corporation 2005 Performance Bonus Plan, or any successor plan.

Performance Bonus Plan means the plan pursuant to which the Compensation Committee of the Board of Directors of the Company approves certain annual performance goals and adopts associated target bonus levels for senior management, with minimum target bonus levels for participating Vice-Presidents and above set at 50% of base salary, and for participating Directors at 35% of base salary.

Performance Bonus Plan means the Parker-Hannifin Corporation 2010 Performance Bonus Plan, as amended from time to time, or any successor plan.

Performance Bonus Plan means the Kennametal Inc. Management Performance Bonus Plan, as amended, or other any performance-based bonus compensation plan for management and/or senior executives of the Corporation or its subsidiaries which the Committee as timely designated by the Committee, in its sole discretion, prior to the applicable Plan Year (or such earlier date as required to comply with Section 409A).

Performance Bonus Plan means that certain Performance Payment Bonus Plan of the Company adopted at or prior to the Closing in substantially the form attached as Exhibit E.

Performance Bonus Plan means the Parker-Hannifin Corporation 2010 Performance Bonus Plan, as amended from time to time, or any successor plan. “Performance Period” means a period of three consecutive calendar years.