Examples of Threshold Requirement in a sentence
Minimum Threshold Requirement The minimum actual performance level required for a participant to receive incentive compensation is 92.5 percent of the planned Adjusted EBITDA/CTO target goal for The Network or an organizational unit, whichever is applicable to the participant.
Upon the Threshold Requirement being met, the Executive will also be eligible for annual bonuses with a target amount of 50% of his Base Salary (the “Bonus”).
The Banks and the Issuing Bank irrevocably authorize the Administrative Agent, at its option and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder, or if the Borrower Representative requests the release of any Guarantor so long as after giving effect to such release the Non-Guarantor Subsidiaries shall not, as a group, exceed any Threshold Requirement.
For purposes of this Partnership, ------------------------ the term "Vested Profit Percentage" of a Limited Partner with respect to an Investment Position shall be the product obtained by multiplying the following three factors: (1) such Limited Partner's Profit Percentage, (2) the Threshold Requirement Percentage applicable to such Investment Position, and (3) the Performance Requirement Percentage applicable to all Investments Positions of the Partnership.
In addition to the Base Salary and any Bonus, upon the Threshold Requirement being met, the Executive will also be entitled to receive health, welfare and fringe benefits that are generally available to the Company’s management employees in accordance with the then existing terms and conditions of the Company’s policies.