Examples of Targeted Bonus in a sentence
If the Targets have been met, then Executive shall receive a Targeted Bonus for such preceding year.
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.
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.
The actual Bonus may be less than or more than the Targeted Bonus based upon the assessment by the Board, in its sole and absolute discretion, of Executive's performance against such criteria.
In addition to Annual Base Salary, the ------------ Executive shall be eligible, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to 50% of his Annual Base Salary ("Targeted Bonus") as fixed by the Compensation Committee of the Company, to be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded.