Bonus Amount Definition Example with 4 Variations

This page contains an example definition of Bonus Amount, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Bonus Amount. Means the higher of (i) the Participant's target Annual Performance Bonus for the fiscal year in which the Participant's Date of Termination occurs (or if the Participant's Qualifying Termination is on account of Good Reason pursuant to a reduction in a Participant's compensation or compensation opportunity under Section 2(k)(ii), the Participant's target Annual Performance Bonus for the prior fiscal year if higher) or (ii) the average of the Annual Performance Bonuses earned by the Participant... from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company (or such shorter period of time during which the Participant was employed by the Company) immediately preceding the Participant's Date of Termination (annualized in the event the Participant was not employed by the Company (or its affiliates) for the whole of any such fiscal year). View More Arrow
Found in CA, INC. contract

Variations

Bonus Amount. Means the higher of (i) the Participant's target Annual Performance Bonus for the fiscal year in which the Participant's Date of Termination occurs (or if the Participant's Qualifying Termination is on account of Good Reason pursuant to a reduction in a Participant's compensation or compensation opportunity under Section 2(k)(ii), the Participant's target Annual Performance Bonus for the prior fiscal year if higher) or (ii) the average of the Annual Performance Bonuses earned by the Participant... from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company (or (or, if the Participant has been employed by the Company and/or any Subsidiary for less than three (3) fiscal years, such shorter period of time during which the Participant was employed by the Company) Company and/or any Subsidiary) immediately preceding the Participant's Date of Termination (annualized in the event the Participant was not employed by the Company (or its affiliates) for the whole of any such fiscal year). year) View More Arrow
Found in FARO Technologies, Inc. contract
Bonus Amount. Means means the higher greater of (i) the Participant's target Annual Performance Bonus for the fiscal year in which the Participant's Date of Termination occurs (or if the Participant's Qualifying Termination is on account of Good Reason pursuant to a reduction in a Participant's compensation or compensation opportunity under Section 2(k)(ii), the Participant's target Annual Performance Bonus for the prior fiscal year if higher) or (ii) the average of the Annual Performance Bonuses earned by... the Participant from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company (or such shorter period of time during which the Participant was employed by the Company) immediately preceding the Participant's Date of Termination (annualized in the event the Participant was not employed by the Company (or its affiliates) for the whole of any such fiscal year). year) and (ii) the Participant's target Annual Performance Bonus for the year in which the Participant's Date of Termination occurs. View More Arrow
Found in NEW CENTURY FINANCIAL CORP contract
Bonus Amount. Means the higher of (i) means the Participant's target Annual Performance Bonus for the fiscal year in which the Participant's Date of Termination occurs (or occurs, provided, however, that if the Participant's Qualifying Termination is on account of Good Reason pursuant to a reduction in a Participant's compensation or compensation opportunity under Section 2(k)(ii), "Bonus Amount" shall be the Participant's target Annual Performance Bonus for the prior fiscal year if higher) or (ii) the... average of the Annual Performance Bonuses earned by the Participant from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company (or such shorter period of time during which the Participant was employed by the Company) immediately preceding the Participant's Date of Termination (annualized in the event the Participant was not employed by the Company (or its affiliates) for the whole of any such fiscal year). higher. View More Arrow
Found in Quest Diagnostics contract
Bonus Amount. Means the higher of (i) the Participant's target Annual Performance Bonus for the fiscal year in which the Participant's Date of Termination occurs (or occurs, provided, however, that if the Participant's Qualifying Termination is on account of Good Reason pursuant to a reduction in a Participant's compensation or compensation opportunity under Section 2(k)(ii), "Bonus Amount" shall be the Participant's target Annual Performance Bonus for the prior fiscal year if higher) or (ii) the average of... the Annual Performance Bonuses earned by the Participant from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company (or such shorter period of time during which the Participant was employed by the Company) immediately preceding the Participant's Date of Termination (annualized in the event the Participant was not employed by the Company (or its affiliates) for the whole of any such fiscal year). higher. View More Arrow
Found in 2 Contracts from Quest Diagnostics
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