Target Incentive Bonus

Target Incentive Bonus. Shall mean Executive's target annual incentive bonus amount (measured at the target level, identified "goal" target or other similar target, without taking into account any incentive override for above goal performance, or any project-specific or other non-standard incentives) in effect under the Company's applicable Executive Incentive Plan for the year of termination. In the event that the Company has notified Executive in writing that Executive will be eligible for a Target Incentive Bonus... for the year of termination, but a plan has not yet been put into effect, the Target Incentive Bonus shall be the prior year's target annual incentive bonus amount ; provided that if Executive's employment is terminated in 2012 and an annual incentive plan has not been put in effect for the 2012 fiscal year, the Target Incentive Bonus shall be based on Executive's annualized 2011 Target Incentive Bonus The Company may adjust the Target Incentive Bonus as appropriate to reflect adjustments made to the target bonuses for other executives of the Company in the current year. View More