Personal Objectives definition
Examples of Personal Objectives in a sentence
Based upon the Chief Executive Officer's evaluation of the Executive's attainment of the Personal Objectives, the Chief Executive Officer shall recommend to the Compensation Committee an award of Incentive Bonus of up to 12% of the Executive's Base Pay.
Up to 20% of the Executive's Maximum Incentive Bonus shall be awarded based upon the attainment of personal objectives ("Personal Objectives") which shall be defined in a writing provided to the Executive by the Chief Executive Officer after January 1/st/ and prior to January 30/th/ of each year this Agreement is in effect except that in the year the Executive executes this Agreement such writing shall be provided within 60 days of the date of execution by the Executive.
The Target Personal Objectives Bonus Amount shall be subdivided into two or three separate performance specific targeting bonus amounts which shall be jointly determined by the CEO and you within the next 30 days.
You will be eligible to receive a bonus of twenty five percent (25%) of your base salary (the "Target Personal Objectives Bonus Amount").
Bonus amounts will be computed separately for achievement of Financial Objectives and Personal Objectives, as set forth below under the captions “Financial Objectives” and “Personal Objectives”, respectively.
For 2010, the Executive shall be entitled to participate in AACC’s 2010 Annual Incentive Compensation Plan for Management (the “Management Bonus Plan”), with the target Bonus set at 80% of the Regular Base Salary and with the Personal Objectives to be jointly developed by the Executive and the President of AACC and with any Bonus payable pursuant thereto to be prorated for the calendar year 2010 based upon the Executive’s start date of May 17, 2010.
The performance standards and goals applicable to the Executive Bonus Plan shall be the Key Personal Objectives (“KPOs”) established in accordance with the Company’s Management Incentive Compensation Plan or any successor plan, as in effect from time to time (the “MICP”).
To the extent Employee has satisfied some or all of such Personal Objectives (the determination of which shall be made in good faith by the Company in a commercially reasonable and prompt manner after the end of the Plan Year), Employee will receive an Employee Performance Rating.
The Award (including, but not limited to the Personal Objectives and the Company Performance Percentage) is subject to adjustment as contemplated by the Plan.
Employee shall have certain Personal Objectives to be achieved during the Plan Year as set forth on Exhibit A attached hereto (the “Personal Objectives”).