Reference Bonus means the average of the actual cash bonuses earned and paid (or payable) to you for the three performance years ended prior to the year in which occurs your Date of Termination (but in no event greater than the target bonus for the year in which the Date of Termination occurs). If there are fewer than three performance years ended prior to the year in which occurs your Date of Termination, the actual number of performance years (and the bonuses for such years) shall be used in calculating such average and, in the event that you are first employed by the Company in the year in which occurs your Date of Termination, your reference bonus shall equal 75% of your target bonus for such year. For purposes of calculating your Reference Bonus, the Company shall disregard any signing or similar-type payment to you and shall exclude from the calculation of the average a performance year if you were not employed by the Company during all of that year.
Reference Bonus means the greater of (1) 75% of the Executive’s target Bonus for the year in which the termination occurs and (2) 100% of the Executive’s Bonus for the year immediately preceding the year in which the Executive’s termination of employment occurred.
Reference Bonus means the greater of (a) the Target Bonus applicable to a Participant for the year in which such Participant’s Involuntary Termination occurs or (b) the highest Target Bonus applicable to such Participant in any of the three years ending prior to the Change of Control Date.
Examples of Reference Bonus in a sentence
In addition, subject to the last sentence of this Section 2(a)(iii), the Company will pay you an amount (the “ Severance Payment”) equal to the product of C multiplied by D, where “C” is the Multiplier and where “D” is the sum of your Reference Salary plus your Reference Bonus.
It provides funding to various research projects and public-private partnerships across the EU.
The 2011 Reference Bonus Amount does not represent a commitment by the Trustee or the Debtors to pay a bonus for the entire 2011 period.If the Debtors cannot commit to payment of the Unpaid 2010 Bonuses and prorated bonuses in 2011, they will in effect be asking critical employees to stay on and work in an understaffed environment for below market pay.
Each external manager may be required by the SBOE to obtain fidelity bonds, fiduciary liability insurance, or both.
A date of 17th October at Loughborough was agreed in principle and the secretary was tasked with making the necessary arrangements.
More Definitions of Reference Bonus
Reference Bonus means the average of the Bonus (including any deferred Bonus) paid to the Participant for the three (3) calendar years preceding the Participant’s termination of employment; or, if the Participant has not been employed long enough to have been paid a Bonus for three (3) calendar years, the average of the Bonus (including any deferred Bonus) paid to the Participant for the number of full calendar years the Participant was employed by the Company; or, if the Participant has been employed less than one full calendar year, the target Bonus opportunity (including any deferred target Bonus opportunity) for the Participant on an annualized basis.
Reference Bonus means the greater of (i) the Target Annual Bonus applicable to you for the year in which your Involuntary Termination occurs and (ii) the highest Target Annual Bonus applicable to you in any of the three years ending prior to the Change in Control Date.
Reference Bonus means (a) the average of the actual annual bonus awards paid to the Participant for the two (2) calendar years immediately preceding the Change in Control; (b) if the Participant has not been employed for two (2) full calendar years prior to the Change in Control, the average of the actual annual bonus award paid to the Participant for the year proceeding the Change in Control and the Participant’s target bonus amount for the year in which the Change in Control occurs; or (c) if the Participant has been employed less than one full calendar year, the target bonus amount for the year in which the Change in Control occurs.
Reference Bonus means the target annual bonus applicable to you for the year in which your Involuntary Termination occurs. For this purpose, the term "bonus" shall also refer to cash Incentive Award under the 2005 Employee Incentive Plan or any successor plan thereto.
Reference Bonus means the greater of (1) $90,000, (2) 75% of the Executive's target Bonus for the year in which the termination occurs and (3) 100% of the Executive's Bonus for the year immediately preceding the year in which the Executive's termination of employment occurred.
Reference Bonus means the greater of (a) the target annual bonus amount for the year in which the Change in Control occurs; or (b) the target annual bonus amount for the year in which the Participant’s termination of employment occurs.
Reference Bonus means the greater of (i) the target annual bonus applicable to you for the year in which your Involuntary Termination occurs and (ii) the highest annual bonus paid to you in any of the three years ended prior to the Change in Control Date. For this purpose, the term "bonus" shall also refer to a cash Incentive Award under the 1998 Employee Incentive Plan.