Target Bonus Value definition

Target Bonus Value means the "Target Bonus Percentage" times a Participant's base pay.
Sample 1Sample 2Sample 3
Target Bonus Value means the "Target Bonus Percentage" times a
Sample 1Sample 2Sample 3

Examples of Target Bonus Value in a sentence

  • If the Bank Balance entering the Plan Year is negative, then 1) Pay 1/3 of the positive bonus earned up to the "Target Bonus Value", 2) Add any unpaid portion of the bonus earned (including negative bonuses) to the Bonus Bank, 3) Pay out 1/3 of any Positive Bank Balance, 4) Carry the remaining Bank Balance forward to the next year.

  • To serve as an incentive for Participants to remain employed by the Company, amounts above the Target Bonus Value shall be credited to the Plan Participant’s deferred account (“Deferred Account”).

  • Pay any positive bonus earned up to the "Target Bonus Value", (2) Add any unpaid portion of the bonus earned (including negative bonuses) to the Bonus Bank, (3) Pay out 1/3 of any Positive Bank Balance (4) Carry the remaining Bank Balance forward to the next year.

  • For example, in the first quarter if the quarterly revenue goals is achieved at 110%, Mr. Vaughan will receive a quarterly payment for the Revenue Bonus equal to 25% multiplied by 100% multiplied by 60% multiplied by Mr. Vaughan’s Target Bonus Value.

  • Xxxxxxxx ----------------------------------------------------------- Title: Treasurer KEYSTONE MANAGEMENT, INC.

  • Bonuses earned above the Target Bonus Value are deferred, with one-third of the deferred balance paid out after the end of each of the following three Fiscal Years.

  • Notwithstanding the foregoing, after December 31 of an applicable year, the Board may not amend the Plan or otherwise revise the eligible participants or other Plan provisions such that the Participant receives less than the smaller of (i) the amount payable by the Plan prior to such amendment or (ii) the Participant's Target Bonus Value as determined prior to such amendment.

  • Bonuses earned in any one Fiscal Year up to the Target Bonus Value will be fully paid out shortly after the end of that Fiscal Year but in no event later than March 15 of the year following that Fiscal Year.

  • The bonus earned in any one year is the result of multiplying the Actual Bonus Percentage times the Participant’s Target Bonus Value.

  • Pay 1/3 of any positive bonus earned up to the "Target Bonus Value", (2) Add any unpaid portion of the bonus earned (including negative bonuses) to the Bonus Bank, (3) Pay out 1/3 of any Positive Bank Balance, (4) Carry the remaining Bank Balance forward to the next year.

Related to Target Bonus Value

  • 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).

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

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

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

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

  • 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.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • 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.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Bonus means the bonus described in the Section 2.3.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Annual Compensation means an amount equal to the greater of:

  • 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.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.