Target Salary

Target Salary. Shall mean the sum of Executive's Base Salary and the annual target payout under any commission or annual cash-base incentive plan that the Executive is eligible to receive based upon the attainment of pre-established performance targets. For purposes of Sections 3(a) and 3(c) below, in the event Executive's employment is terminated by Executive for Good Reason pursuant to Section 1(g)(iii), "Target Salary as of the Termination Date" shall mean Executive's Target Salary immediately prior to the... reduction in Executive's Target Salary that gave rise to Good Reason under Section 1(g)(iii). View More