Earned Bonus

Example Definitions of "Earned Bonus"
Earned Bonus. Shall mean the average bonus paid for the three most recent fiscal years pro rated for the portion of the year elapsed. If the calculation is as of a time after the end of a fiscal year but prior to the actual payment of the bonus for such fiscal year, then the Earned Bonus shall mean (i) 100% of the average bonus paid for the three most recent fiscal years plus (ii) the average bonus paid for the three most recent fiscal years pro rated for the portion of the then current year elapsed. For... example, if the calculation is as of February 15, 2008, and the Company has not then paid a bonus for fiscal year 2007, then the Earned Bonus would be (i) the average bonus paid for fiscal years 2004, 2005 and 2006 plus (ii) the average bonus paid for fiscal years 2004, 2005 and 2006 pro rated for the portion of 2008 then elapsed. View More
Found in LaSalle Hotel Properties contract
Earned Bonus. Shall mean the average bonus paid for the three most recent fiscal years pro rated for the portion of the year elapsed. If the calculation is as of a time after the end of a fiscal year but prior to the actual payment of the bonus for such fiscal year, then the Earned Bonus shall mean (i) 100% of the average bonus paid for the three most recent fiscal years plus (ii) the average bonus paid for the three most recent fiscal years pro rated for the portion of the then current year elapsed. If, at... the time of calculation of Earned Bonus, Executive shall not have been employed with the Company long enough to have been eligible to receive a bonus for three fiscal years, then the target bonus amount established by the Company's board of trustees or the compensation committee thereof shall be deemed to be the bonus paid for such year or years for which Executive was not so employed. For example, if the calculation is were as of February 15, 2008, 2013, and the Company has had not then paid a bonus for fiscal year 2007, 2013, then the Earned Bonus would be (i) the average of (x) the bonus paid for fiscal years 2004, 2005 year 2011, (y) the target bonus for 2012 and 2006 (z) the target bonus for 2012 plus (ii) the foregoing average bonus paid for fiscal years 2004, 2005 and 2006 pro rated for the portion of 2008 2013 then elapsed. View More
Found in LaSalle Hotel Properties contract
Earned Bonus. Shall mean the average bonus paid for the three most recent fiscal years pro rated for the portion of the year elapsed. If the calculation is as of a time after the end of a fiscal year but prior to the actual payment of the bonus for such fiscal year, then the Earned Bonus shall mean (i) 100% of the average bonus paid for the three most recent fiscal years plus (ii) the average bonus paid for the three most recent fiscal years pro rated for the portion of the then current year elapsed. If, at... the time of calculation of Earned Bonus, Executive shall not have been employed with the Company long enough to have been eligible to receive a bonus for three fiscal years, then the target bonus amount established by the Company's board of trustees or the compensation committee thereof shall be deemed to be the bonus paid for such year or years for which Executive was not so employed. For example, if the calculation is were as of February 15, 2008, 2012, and the Company has had not then paid a bonus for fiscal year 2007, 2011, then the Earned Bonus would be (i) the average of (x) the bonus paid for fiscal years 2004, 2005 year 2010, (y) the target bonus for 2011 and 2006 (z) the target bonus for 2011 plus (ii) the foregoing average bonus paid for fiscal years 2004, 2005 and 2006 pro rated for the portion of 2008 2012 then elapsed. View More
Found in LaSalle Hotel Properties contract
View Variations (2)
Earned Bonus. The meaning stated in the Incentive Cash Bonus Plan
Found in Miller, Herman Inc contract
Earned Bonus. The bonus amount (if any) earned under Section 5 with respect to the fiscal year ended immediately prior to the cessation of Executive's employment, to the extent unpaid
Found in COGNITION THERAPEUTICS INC contract
All Definitions