Target Bonus Award
Target Bonus Award. The target award payable under the Bonus Plan to a Participant, as determined by the Committee. Each Participant's Target Bonus Award equals the product of such Participant's (i) Base Salary, and (ii) Target Bonus Percentage. For example, an Officer with a Base Salary is $200,000, whose Target Bonus Percentage is 40% would have his or her Bonus Award calculated by reference to a Target Bonus Award of $80,000 ($200,000 x 40%)
Found in
Alexza Pharmaceuticals Inc. contract
Target Bonus Award. Means the target award payable under the Bonus Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 5(c).
Found in
Iridium Communications Inc. contract
Target Bonus Award. Means the target bonus award potentially payable to a Participant in accordance with the target bonus percentage set forth in the Participant's offer letter or other written agreement between the Participant and the Company, as such offer letter or agreement may be amended from time to time. A Participant's Target Bonus Award equals the product of such target bonus percentage and the Participant's Base Compensation.
All Definitions
Found in
Iridium Communications Inc. contract