Pro-Rated Annual Incentive

Example Definitions of "Pro-Rated Annual Incentive"
Pro-Rated Annual Incentive. The product of (i) the annual incentive that would have been payable under the annual incentive plan covering the Participant for the fiscal year during which the Date of Termination occurs if the Participant had remained employed for the entire year (and any additional period of time necessary to be eligible to receive such annual incentive for such fiscal year), based on actual performance during the entire fiscal year and without regard to any discretionary adjustments that have the effect... of reducing the amount of the annual incentive (other than discretionary adjustments applicable to all similarly-situated executives who did not terminate employment), and (ii) a fraction, the numerator of which is the number of calendar days in the Company's fiscal year through (and including) the Participant's Date of Termination, and the denominator of which is 365 View More
Pro-Rated Annual Incentive. The product of (i) the lesser of (A) the annual incentive that would have been payable under the annual incentive plan covering the Participant for the fiscal year during which the Termination Date of Termination occurs if the Participant had remained employed for the entire year (and any additional period of time necessary to be eligible to receive such annual incentive for such fiscal year), based on actual performance during the entire fiscal year and without regard to any discretionary... adjustments that have the effect of reducing the amount of the annual incentive (other than discretionary adjustments applicable to all similarly-situated executives who did not terminate employment), employment) or (B) the Participant's Target Annual Incentive, and (ii) a fraction, the numerator of which is the number of calendar days in the Company's fiscal year through (and including) the Participant's Date of Termination, Termination Date, and the denominator of which is 365 View More
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