Target Annual Commission

Example Definitions of "Target Annual Commission"
Target Annual Commission. With respect to any Participant, the Participant's target annual commission opportunity under the annual commission plan of the Company or a U.S. Affiliate applicable to the Participant for the fiscal year which includes the Date of Termination, or, if no target has been set with respect to the Participant for such fiscal year, the target annual commission opportunity for the immediately preceding fiscal year; provided that, solely with respect to a Group I Participant, the Participant's Target... Annual Commission shall be determined prior to any reduction in the Participant's target annual commission opportunity that would qualify as a Good Reason termination event. For the avoidance of doubt, Target Annual Commission does not include bonuses, including, but not limited to, any MBO or stretch bonus opportunity provided to a Participant View More
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