Average Bonus

Average Bonus. The average of the annual bonuses paid to the Executive for the three years immediately preceding the year in which the Executive's termination of employment occurs (or such shorter period during which the Executive has been employed by the Company and eligible to receive annual bonuses, or if the Executive was not employed by the Company or eligible to receive annual bonuses in any prior year, the annual bonus that is required to be paid in accordance with any contractual arrangement between... the Executive and the Company, the Parent Company or one of the Parent Company's Subsidiaries, or if none, then the annual bonus that would otherwise have been paid to the Executive for the year in which the Executive's termination of employment occurs based upon the actual achievement of applicable performance objectives). For the avoidance of doubt, annual bonuses shall include the grant date cash value of any bonus amounts paid in the form of Basic Units (or any successor form of equity based award) awarded under the Parent Company's 2007 Omnibus Equity Compensation Plan (or any successor thereto), or any of its subplans including the Company's Variable Compensation Stock Unit Award Program (or any successor thereto). View More

Average Bonus. The average of the annual cash bonuses earned (regardless of when paid) by Executive during the three fiscal years immediately preceding the fiscal year in which Executive terminated employment; provided, however, if Executive was not eligible to participate in the Bank's or the Company's annual cash bonus program (either due to the fact Executive was not an employee of the Bank or the Company during such fiscal year or any other reason) during each such fiscal year, then Average Bonus shall... mean the average of the annual cash bonuses earned (regardless of when paid) by Executive during the fiscal years that Executive was a participant in the Bank's or the Company's annual cash bonus program; provided further, however, that to the extent Executive receives a pro-rated bonus for any partial year of service during a fiscal year, such pro-rated bonus shall be calculated on an annualized basis in determining the Average Bonus. View More

Average Bonus. Means the greater of (a) the Executive's average annual bonus for the two fiscal years (or such shorter period (which shall be annualized) during which the Executive has been employed by the Company) immediately preceding the fiscal year in which a Change in Control occurs and (b) the Executive's average bonus for the two fiscal years (or such shorter period (which shall be annualized) during which the Executive has been employed by the Company) immediately preceding the fiscal year which... includes the Executive's Date of Termination. View More

Average Bonus. Shall mean the average of the bonus payments, if any, received by Executive for the two immediately preceding fiscal years of the Company; provided, however, that for purposes of computing such Average Bonus, if Executive was not employed by the Company in either of the two immediately preceding fiscal years of the Company, Executive shall be deemed to have received a bonus payment equal to 35% of Executive's annual salary at the time he commenced employment with the... Company for such fiscal year. View More

Average Bonus. With respect to a Participant, the sum of (i) the average of the two most recent annual bonuses paid or payable to such Participant for the two fiscal years of Covanta ending immediately prior to such Participant's Vesting Date and (ii) 30% of such Participant's Salary.

Average Bonus. The average of the annual cash incentive bonuses paid to Executive with respect to the three (3) consecutive calendar years immediately prior to the calendar year in which the Termination Date occurs. For purposes of calculating Average Bonus, (i) if Executive has been employed by the Bank for less than three (3) full calendar years, Executive's Average Bonus shall be based on the number of full calendar years in which Executive was an employee of the Bank, (ii) if Executive has... been employed by the Bank for less than a full calendar year, Executive's Average Bonus shall be Executive's target annual cash incentive bonus opportunity for such calendar year, and (iii) if the Termination Date is following the end of a calendar year but prior to payment of the annual cash incentive bonus for such calendar year, the annual cash incentive bonus deemed paid for such year shall be Executive's target annual cash incentive bonus opportunity for such calendar year. View More

Average Bonus. Shall mean the result obtained by dividing the sum of the bonuses, if any, paid to the Executive pursuant to Subsection 4.b below in respect of the two fiscal years next preceding the fiscal year in which a Change in Control of the Corporation occurs by the number of years during such two-year period in which the Executive was entitled to receive a bonus pursuant to Subsection 4.b below.

Average Bonus. Means the greater of (a) the Executive's average annual bonus for the two fiscal years (or such shorter period (which shall be annualized) during which the Executive has been employed by the Company) immediately preceding the fiscal year in which a Change of Control occurs and (b) the Executive's average bonus for the two fiscal years (or such shorter period (which shall be annualized) during which the Executive has been employed by the Company) immediately preceding the fiscal year which... includes the Executive's Date of Termination. For purposes of the foregoing definition, references to the "Company" and references to employment by the "Company" shall be deemed also to refer to the Executive's employment by the Company's predecessor(s) in the mobile satellite services business, including Motient Corporation and affiliates and TMI Communications and Company, Limited Partnership. View More

Average Bonus. (a) in the case Employee has been employed long enough to have received two or more annual Bonus payments from the Company, the average of the two most recent annual Bonuses paid to Employee by the Company, or (b), in the case Employee has received only one Bonus payment from the Company, the amount of that Bonus.

Average Bonus. The average of the two most recent annual bonuses paid to the Executive by the Company