Projected Bonus definition

Projected Bonus means the portion of your Bonus Opportunity the Compensation Committee of the Board determines in good faith to be reasonable compensation for personal services actually rendered by you on or prior to the Date of Termination. When making such determination, the Compensation Committee of the Board shall assess actual performance for the partial year up through and including the Date of Termination relative to the applicable Company and individual performance targets, with such targets being adjusted to reflect the partial performance cycle, and shall consider the seasonality of the Company’s historic performance and such other adjustments for extraordinary events as the Compensation Committee deems appropriate.
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Projected Bonus means the Executive's bonus under the Management by Objectives Bonus Plan described in Paragraph 4(b) below for the applicable fiscal year of the Corporation, calculated, for purposes of determining whether the targets contained therein have been met, under the assumption that the results of operations and financial condition of the Corporation (or any applicable subsidiary) as of the Executive's termination date shall continue on the same basis through the end of such fiscal year.
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Projected Bonus for a fiscal year means the Bonus that the Employee would earn with respect to that year if the Pro Forma Acquired Revenue from Qualifying Acquisitions consummated to date in that year were annualized. For example, if as of April 1, 1999, the Company has consummated Qualifying Acquisitions in 1999 representing Pro Forma Acquired Revenue of $20,000,000, the Employee's 1999 Projected Bonus would be $150,000, based on estimated annualized Pro Forma Acquired Revenue of $80,000,000. In such case, the Employee could elect on April 1, 1999, to be paid a Bonus Advance of up to $18,750 (one-half of $150,000 multiplied by 1/4). If in the second fiscal quarter of 1999 the Company consummates additional Qualifying Acquisitions representing additional Pro Forma Acquired Revenue of $10,000,000, the Employee's 1999 Projected Bonus would be $100,000, based on estimated annualized Pro Forma Acquired Revenue of $60,000,000. On July 1, 1999, therefore, assuming that the Employee was paid a Bonus Advance of $18,750 with respect to the first quarter, the Employee could elect to be paid an additional Bonus Advance of up to $6,250, or the amount that, when added to the $18,750 Bonus Advance paid with respect to the first quarter, equals 50% of the Projected Bonus for 1999 multiplied by 2/4. Each Bonus Advance shall be paid within 30 days after the Employee elects to receive it. All Bonus Advances paid made during a fiscal year shall be deducted from the Bonus to be paid to the Employee after the end of the year with respect to that year. If the aggregate Bonus Advance payments to the Employee during a fiscal year exceed the actual Bonus determined at the end of that year to be payable to him with respect to that year, the Employee shall repay the excess to the Company within 30 days after the end of that year.
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Examples of Projected Bonus in a sentence

  • The Company shall pay to the Participant a lump sum cash payment equal to the sum of (i) the Participant’s Base Salary for the applicable Severance Period, and (ii) the Participant’s Projected Bonus.

  • The "Projected Bonus" shall mean the Executive's bonus under the Glenayre Incentive Plan described in Paragraph 4(b) below for the applicable fiscal year of the Corporation, calculated, for purposes of determining whether the targets contained therein have been met, under the assumption that the results of operations and financial condition of the Corporation (or any applicable subsidiary) as of the Executive's termination date shall continue on the same basis through the end of such fiscal year.

  • For example, if as of April 1, 1999, the Company has consummated Qualifying Acquisitions in 1999 representing Pro Forma Acquired Revenue of $20,000,000, the Employee's 1999 Projected Bonus would be $150,000, based on estimated annualized Pro Forma Acquired Revenue of $80,000,000.

  • If in the second fiscal quarter of 1999 the Company consummates additional Qualifying Acquisitions representing additional Pro Forma Acquired Revenue of $10,000,000, the Employee's 1999 Projected Bonus would be $100,000, based on estimated annualized Pro Forma Acquired Revenue of $60,000,000.

  • On July 1, 1999, therefore, assuming that the Employee was paid a Bonus Advance of $18,750 with respect to the first quarter, the Employee could elect to be paid an additional Bonus Advance of up to $6,250, or the amount that, when added to the $18,750 Bonus Advance paid with respect to the first quarter, equals 50% of the Projected Bonus for 1999 multiplied by 2/4.

  • For the purpose of this Section 4(a)(2)(ii), "Projected Bonus" for a fiscal year means the Bonus that the Employee would earn with respect to that year if the Pro Forma Acquired Revenue from Qualifying Acquisitions consummated to date in that year were annualized.

  • The maximum Bonus Advance payable to the Employee with respect to any fiscal quarter is the amount that, when added to all other Bonus Advances paid made previously to the Employee during that year, equals one-half of his Projected Bonus (as defined below) for the fiscal year in which that quarter falls, multiplied by a fraction, the numerator of which is the number of quarters elapsed to date in that year and the denominator of which is 4.


More Definitions of Projected Bonus

Projected Bonus means one-hundred percent (100%) of the Annual Bonus for the Participant for the fiscal year during which the Termination Date occurs multiplied by the payout percentage reasonably projected in good faith by the Board (or its designee) to be applied to such Annual Bonus as of the Termination Date and prorated for the number of days Participant was employed by the Employer or an Affiliate during the fiscal year of the Employer in which the Termination Date occurs.
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Projected Bonus means the product of (i) the Participant’s target annual bonus for the year in which the termination of his or her employment occurs, expressed as a dollar amount and determined without regard to any reduction thereof that would constitute Good Reason, and (ii) the average for the Company’s prior two fiscal years (or such lesser period in which the Participant has been employed by the Company) of the ratios (calculated separately for each year) of the Participant’s actual bonus paid for each such year and the Participant’s target bonus for such year.
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Related to Projected Bonus

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

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • 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.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

  • 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.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year, if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Final compensation of a member means:

  • 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.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Earnable compensation means the full rate of the

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Average final compensation means the average annual creditable compensation of a member during