Quarterly Performance Bonus definition

Quarterly Performance Bonus means, in the case of any Participant, the incentive bonus, if any, payable to such Participant under Section 6(a) and, to the extent applicable, Section 6(b) of the Plan in respect of the applicable Quarter.

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Quarterly Performance Bonus means, in the case of any Participant, the incentive bonus, if any, payable to such Participant under Section 6(b) and, to the extent applicable, Section 6(c) of the Plan in respect of the applicable Quarter, which shall consist of the sum of (i) the Discretionary Component and (ii) the Performance Component earned for such Quarter in accordance with Section 6(a) hereof.

Quarterly Performance Bonus means, in the case of any Participant, the incentive bonus payable to such Participant under the Plan for the applicable Quarter.

Examples of Quarterly Performance Bonus in a sentence

The Annual Performance Bonus and the Quarterly Performance Bonus are collectively referred to herein as the “Target Performance Bonus”.
The Quarterly Performance Bonus shall be payable in quarterly amounts based on the Executive’s performance towards such goals during each applicable quarter.
Because any Annual Performance Bonus or Quarterly Performance Bonus is assessed based on the totality of satisfying target performance goals for the entire quarter or fiscal year respectively, it cannot be prorated.
Thereafter, to be eligible for the Quarterly Performance Bonus in a given calendar quarter, the employee must be employed through the last day of the calendar quarter in question.
The Quarterly Performance Bonus is calculated by multiplying the employee’s Quarterly Target Performance Bonus (dollar amount) by the Quarterly Company Performance Factor and the Quarterly Personal Performance Factor.
The Quarterly Performance Bonus shall be pro-rated to account for any extended absence (meaning more than 5 contiguous days, excluding approved PTO) during the applicable bonus period, pro-rated based on a 365-day year.
The employee shall not be eligible for any Quarterly Performance Bonus for any quarter in which one or more of the following conditions exists: (a) employee’s employment ends before the completion of a given calendar quarter; (b) the Quarterly Company Performance Factor is less than 50%; (c) the employee was not in good standing, including, but not limited to, subject to a Performance Improvement Plan; or (d) the employee’s Quarterly Personal Performance Factor is less than 70%.
The Company Bonus Program may include a Quarterly Performance Bonus and/or an Annual Retention Bonus, as provided in the employee’s employment offer letter.
Effective January 1, 2013, for those employees eligible to receive a Quarterly Performance Bonus, eligibility begins on the employee’s start of employment and is pro-rated in the employee’s first calendar quarter.
Any Quarterly Performance Bonus payment will be subject to repayment if there are subsequent adjustments to the financial statements used in determining the Quarterly Performance Bonus.

More Definitions of Quarterly Performance Bonus

Quarterly Performance Bonus means, in the case of any Participant, the actual cash bonus, if any, as determined pursuant to Section 6(a) below.

Quarterly Performance Bonus means the bonus payment payable to a Participant under the Plan for the applicable Quarterly Performance Period.

Quarterly Performance Bonus means, in the case of any Participant, the Quarterly Performance Bonus opportunity for such Participant as set forth on Schedule A, as amended from time to time.

Quarterly Performance Bonus means, in the case of any Participant, the bonus payable to such Participant under the Plan for the applicable Quarter, which shall consist of the sum of (i) the Discretionary Component and (ii) the Performance Component earned for such Quarter in accordance with Section 6 hereof.