Bonus Potential Earned Definition Example

Bonus Potential Earned. Means the amount of the Executive's Bonus Potential At Target that was earned during the bonus period in question. The amount earned will be equal to the Percent of Bonus Potential at Target Earned (as that term is used in the Corporate Bonus Plan) during the bonus period that corresponds to actual performance during that period, multiplied by the Executive's Bonus Potential At Target. The amount earned will be prorated for any bonus period the Executive was... not employed by the Company for the entire bonus period based on the portion of the bonus period the Executive was employed by the Company. In no event will any portion of the Bonus Potential At Target be deemed to have been earned by the Executive if the Executive resigns other than for Good Reason or if the Employment is terminated for Cause. View More