Pro-Rated Annual Bonus

Example Definitions of "Pro-Rated Annual Bonus"
Pro-Rated Annual Bonus. The annual bonus amount the Executive would be entitled to receive for the fiscal year in which the Executive's employment terminates, based on the actual achievement of the applicable Company performance goals for such year (and with any subjective goals treated as achieved at not less than target, and without the application of any negative discretion by the Board) as determined as of the end of the fiscal year, prorated based on the number of days Executive was employed during the fiscal... year of Executive's termination, paid at the same time as the Company pays annual bonuses for such fiscal year to other executives. View More
All Definitions