Target Incentive Bonus definition

Target Incentive Bonus means the Executive’s target annual incentive bonus amount (measured at the target level, identified “goal” target or other similar target, without taking into account any incentive override for above goal performance, or any project-specific or other non-standard incentives) as in effect under the Company’s applicable annual incentive plan for the year of termination. In the event that the Company has notified the Executive in writing that the Executive will be eligible for a Target Incentive Bonus for the year of termination, but a plan has not yet been put into effect, the Target Incentive Bonus shall be the prior year’s target annual incentive bonus amount.

Target Incentive Bonus means Executive’s annual Incentive Bonus amount(s) payable at the Goal(s) in accordance with the Executive’s EIC plan for the Year of Termination, or such higher amount(s) in effect immediately before any reduction thereof that constituted Good Reason.

Target Incentive Bonus means the Executive’s target annual incentive bonus amount (measured at the target level, identified “goal” target or other similar target, without taking into account any incentive override for above goal performance, or any project-specific or other non-standard incentives) as in effect under the Company’s applicable annual incentive plan for the year of the Executive’s termination of employment. In the event that the Company has notified the Executive in writing that the Executive will be eligible for a Target Incentive Bonus for the year of termination of employment, but a plan has not yet been put into effect, the Target Incentive Bonus shall be the prior year’s target annual incentive bonus amount.

Examples of Target Incentive Bonus in a sentence

• Amounts consist of the following Target Incentive Bonuses, General RONA Bonuses with PGI Multiplier, if applicable, and Converted RONA Bonuses for fiscal year 2022, which were paid in one or more installments with the final payments in August 2021: Target Incentive Bonus for fiscal year 2022: Mr. Williams—$1,838,088; Mr. Leombruno—$540,173; Mr. Banks—$949,616; Ms. Parmentier—$633,015; and Mr. Weeks —$301,596.

• In the event that the Company has notified the Executive in writing that the Executive will be eligible for a Target Incentive Bonus for the year of termination, but a plan has not yet been put into effect, the Target Incentive Bonus shall be the prior year’s target annual incentive bonus amount.

• A minimum payout of 48% of the Target Incentive Bonus was established at a 5.5% pre-tax return on average assets and a maximum payout of 150% of the Target Incentive Bonus was established at an 8.7% pre-tax return on average assets.

• A minimum payout of 15% of the Target Incentive Bonus was established at a 3.4% pre-tax return on average assets and a maximum payout of 150% of the Target Incentive Bonus was established at a 17.8% pre-tax return on average assets.

• In addition, based on the Corporation's fiscal 1994 operating plan, Mr. Collins was to receive 100% of his Target Incentive Bonus of $186,400 if the Corporation's actual pre-tax return on average assets, adjusted primarily for acquisitions and currency transactions, was 7.1%.

More Definitions of Target Incentive Bonus

Target Incentive Bonus means Executive’s target-level Incentive Bonus for the Fiscal Year during which the Termination Date occurs.

Target Incentive Bonus means the amount of your then applicable "Target bonus" as determined under the Company's 1999 Management Incentive program (or any successor plan then in effect); if your Target Bonus has not yet been determined with respect to a Company fiscal year, the Target Bonus shall be your Target Bonus amount for the immediately preceding fiscal year.

Target Incentive Bonus shall have the meaning set forth in Section 5 of this Agreement.

Target Incentive Bonus means an Incentive Bonus opportunity awarded by the Committee to a Participant under the Plan.

Target Incentive Bonus means the target incentive bonus applicable to the Executive under the Company’s primary annual performance incentive plan for any given performance measuring period that is equal to a year.

Target Incentive Bonus means sixty five percent (65%) of Employee's Base Salary;

Target Incentive Bonus means the Eligible Executive’s target annual incentive bonus for the year in which termination of the Eligible Executive’s employment becomes effective, calculated based upon target achievement.