Examples of Targeted Bonus in a sentence
If the Targets have been met, then Executive shall receive a Targeted Bonus for such preceding year.
If the Goals are not achieved such that the entire Targeted Bonus is not payable, the Bonus Plan shall provide for a payment of a Bonus Amount equal to a portion of the Targeted Bonus reasonably related to that portion of the Goals that were achieved.
This Targeted Bonus shall be reviewed for increases at least annually by the Board on the same basis as the Board shall review the compensation of other executive officers of the Company.
The amount of the bonus (the "Bonus Amount") that the Executive will be eligible to earn under the Bonus Plan shall be no less than the amount of the Executive's maximum award provided in such Company Bonus Plan (such bonus amount is referred to as the "Targeted Bonus").
In the event that the established Targets are exceeded, then Executive shall be entitled to receive additional bonus amounts above the Targeted Bonus as the Company’s Chief Executive Officer in collaboration with the Board (or such committee) may determine in their discretion.