Short Term Bonus Plan definition

Short Term Bonus Plan means any bonus type plan or arrangement designed to provide incentive based compensation to participants upon the achievement of objective or subjective goals that measure performance over a period of twelve months or less.
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Short Term Bonus Plan means the BellSouth Corporation Officer Short Term Incentive Award Plan, or any successor plan.
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Short Term Bonus Plan means the annual bonus plan(s) or program(s) in which one or more Senior Managers participate for a Plan Year, in all cases as determined by the Plan Administrator.
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Examples of Short Term Bonus Plan in a sentence

  • To the extent that Executive, as of the Separation Date, is a participant in any Short Term Bonus Plan or Long Term Bonus Plan, Executive shall be entitled to receive cash in an amount equal to his awards under such Plans for the period in which the Separation Date shall have occurred, at Executive's Target Bonus and prorated by the number of months which have passed since the beginning of the performance period until the Separation Date.

  • The Executive shall be entitled to receive a short-term bonus award in the sole discretion of the Board and in accordance with the Corporation’s Short Term Bonus Plan, which is to be as established by the Board.

  • The Corporation may terminate the employment of the Executive without cause in which case the Corporation will provide the Executive a lump sum payment, less applicable statutory deductions, equivalent to two times the aggregate Base Salary plus the target bonus payable under the Short Term Bonus Plan.

  • Participant shall be entitled to his/her target bonus (“Target Bonus”) as defined in the Short Term Bonus Plan for the year of the Effective Date.

  • If a Participant elects to have his or her deferred Annual Bonus for a Plan Year deemed invested in the Mutual Fund Option pursuant to Section 4.2(b), the Plan Administrator shall credit to the Participant's Account for such Plan Year, as of the last Business Day of the calendar month during which the Participant's Annual Bonus for such Plan Year is actually paid under the Short Term Bonus Plan, the entire amount actually deferred.

  • If a Participant elects to have all or any portion of his or her deferred Annual Bonus for a Plan Year deemed invested in the Mutual Fund Option pursuant to Section 4.2(b), the Plan Administrator shall credit to the Participant's Account, as of the Valuation Date that is on (or as soon as administratively practicable after) the date the Participant's Annual Bonus for the prior Plan Year is actually paid under the Short Term Bonus Plan, the amount of such Annual Bonus that is deferred.

  • Employee shall participate in the Company’s Annual Short Term Bonus Plan (the “Bonus Plan”) or such other bonus compensation plans established by the Board or a Board committee from time to time.

  • If a Participant elects to have all or any portion of his or her deferred Annual Bonus for a Plan Year deemed invested in the Stock/Interest Option pursuant to Section 4.2(b), the Plan Administrator shall credit to the Participant's Account, as of the first day of the Plan Year in which the Participant's Annual Bonus for such Plan Year is actually paid under the Short Term Bonus Plan, the entire amount deferred.

  • The Executive’s maximum short-term bonus potential shall be 90% of the Base Salary actually earned by the Executive during such year, provided however, the exact amount shall be determined in the sole discretion of the Board in accordance with the terms and provisions of the Short Term Bonus Plan.

  • The Executive shall be entitled to receive a short-term bonus award in the sole discretion of the Board and in accordance with the Corporation’s Short Term Bonus Plan, established by the Board.


More Definitions of Short Term Bonus Plan

Short Term Bonus Plan means, effective April 26, 2004, the BellSouth Corporation Stock and Incentive Compensation Plan, or any successor plan. Prior to April 26, 2004, "Short Term Bonus Plan" referred to the BellSouth Corporation Officer Short Term Incentive Award Plan.
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Short Term Bonus Plan means, with respect to Eligible Employees who are Executives, the BellSouth Corporation Officer Short Term Incentive Award Plan or any successor plan and, with respect to Eligible Employees who are Senior Managers, the annual bonus plan(s) or program(s) in which one or more of such Senior Managers participate for a Plan Year, in all cases as determined by the Plan Administrator.
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Related to Short Term Bonus Plan

  • Short-Term Payout means the payout set forth in Section 4.1.

  • Short-term employee means any person who is employed to perform a service for the District, upon the completion of which, the service required or similar services will not be extended or needed on a continuing basis.

  • Short-Term Deferral Period means the period ending on the later of the 15th day of the third month following the end of the Executive’s tax year in which the separation from service occurs and the 15th day of the third month following the end of the Company’s tax year in which the separation from service occurs; and

  • Short Term Loan means a loan transfer for a period of no fewer than 28 days in any one season.

  • short-term debt means debt repayable over a period not exceeding one year;

  • Short-Term Investments means short-term investments as defined by GAAP.

  • Short-Term Disability means short-term disability as defined in the Corporation’s short-term disability plan.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Short-term suspension means any disciplinary action whereby a student is not permitted to attend school for a period not to exceed ten school days.

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • Short-term rental means the same as such term is defined in § 15.2-983.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Short-term means a period of one or less than one (1) year;

  • Short Term Dividend Period means a Special Dividend Period consisting of a specified number of days (other than seven), evenly divisible by seven and not fewer than seven nor more than 364.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • 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.

  • Short-Term Indebtedness means Utility Indebtedness having an original maturity less than or equal to one year from the date of original incurrence thereof, and not renewable or extendible at the option of the obligor thereon for a term greater than one year beyond the date of original issuance.

  • Short-Term Rating has the meaning specified in the Intercreditor Agreement.

  • 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).

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • CIC Severance Plan means the Company’s Change in Control Severance Plan, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).