Average Incentive Bonus

Example Definitions of "Average Incentive Bonus"
Average Incentive Bonus. The average of Incentive Bonuses determined for the immediately preceding three completed fiscal years of the Company; provided, however, that if an Incentive Bonus has not yet been determined for a previously completed fiscal year as of the Termination Date, then Target Bonus shall be used with respect to such fiscal year for purposes of calculating the Average Incentive Bonus. For purposes of calculating the Average Incentive Bonus, fiscal years for which no bonus was determined to have been... earned shall be included in the calculation of the three-year average View More
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