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%.