Target Income definition

Target Income shall be the targeted Actual Income for the applicable fiscal year. Nothing in this subsection (e) shall prevent the Compensation Committee from paying to Employee any other bonus as and when the Compensation Committee believes that such other bonus is warranted. The Company shall deduct from all compensation payable under this Agreement to the Employee any taxes or withholdings the Company is required to deduct pursuant to state and federal laws or by mutual agreement between the parties.
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Target Income means $2,186,400.
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Target Income has the meaning set forth in Section 6.10 of this Agreement.
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Examples of Target Income in a sentence

  • Employee shall be eligible to receive an annual bonus in accordance with the Company's existing bonus program, with such bonus to be determined based on Company achieving its targeted operating income for the applicable fiscal year (the "Target Income") as set forth in Company's annual budget for such fiscal year prepared by management and approved by the Board.

  • Seventy-five percent of the Bonus will be based upon an agreed-upon pre-tax income goal plus the amount expended by the Company in such year for research and development ("Target Income").

  • Target Income will be adjusted each year by the mutual consent of the Compensation Committee and the Executive.

  • The Annual Options granted during a fiscal year shall be granted not later than the end of the fourth full month of that fiscal year and shall be contingent on Employee being employed by Company on the grant date and Company having achieved its Target Income for the immediately preceding fiscal year.

  • MATC Celular will notify Lessee in writing in the event the Target Income is exceeded in any given month.

  • The Target Income shall consist of a base salary ("Base Compensation") and an annual bonus based on achieving financial and/or non-financial objectives established by Sundog with input from employee ("Bonus").

  • The "Target Bonus" shall be equal to 40% of base salary in each fiscal year beginning in fiscal year 2001 with the ability to earn up to 200% of the Target Bonus if the Target Income is exceeded by an amount to be determined by the Board.

  • The Target Income Age cannot be later than [twenty] years from the Annuitant's age or the Annuitant's [80th] birthday as of the date when the initial Personal Pension Account Contribution is made, whichever is earlier.

  • No earlier than Fifteen (15) days prior to close of escrow for the sale of each Affordable “For Sale” Unit, the Developer shall provide or cause to be provided verification to the City (or an update of any previous verification) that the buyer's income does not exceed the maximum allowed for the Target Income Level for that unit.

  • Employee shall be eligible to receive an annual bonus in accordance with Company's existing bonus program, with such bonus to be determined based on Company achieving its targeted operating income for the applicable fiscal year (the "Target Income") as set forth in Company's annual budget for such fiscal year prepared by management and approved by the Board.