Target Annual Compensation definition
Target Annual Compensation means base salary, and target annual incentive compensation.
Target Annual Compensation means the sum of the Executive’s base salary and target annual cash incentives as in effect immediately prior to the Change in Control.
Target Annual Compensation in Section 2 is hereby deleted and replaced in its entirety with the following:
Examples of Target Annual Compensation in a sentence
Its business project is anticipated to result in 10 new Primary Jobs for the City of Lubbock, with a Target Annual Compensation of $420,000.00 in the aggregate, or a total of $2,100,000.00 over five years.
Its business project is anticipated to result in 15 new Primary Jobs in the City of Lubbock, with a Target Annual Compensation of $975,000 in the aggregate or a total of $4,875,000 over five years.
Each annual incentive installment shall be considered as earned as of each Measurement Date during the Agreement when, by review, it is confirmed that Recipient attained the Target Job Positions and the Target Annual Compensation.
More Definitions of Target Annual Compensation
Target Annual Compensation means the sum (i) the greater of a Participant’s annual base salary as in effect immediately prior to the Closing Time or on the date of the Participant’s Qualifying Termination, (ii) the Participant’s Target Annual Commission, if any, and (iii) the greater of a Participant’s target annual bonus as in effect immediately prior to the Closing Time or on the date of the Participant’s Qualifying Termination, in each case determined without giving effect to any reductions effected without the Participant’s consent in any item of such compensation after the later of (x) the signing of a definitive agreement that, if consummated, would constitute a Change in Control and (y) the Closing Time.