Target Variable Payment

Example Definitions of "Target Variable Payment"
Target Variable Payment. A Variable Payment amount that may be paid if 100% of all applicable Performance Measures are achieved in the Performance Period. The Target Variable Payment shall be equal to a fixed percentage of the Participant's Base Pay for such Performance Period. Except as otherwise provided in Section 6, the Committee shall determine such percentage prior to the Predetermination Date.
Target Variable Payment. A Variable Payment amount that may be paid if 100% of all applicable Performance Measures are achieved in the Performance Period. The Target Variable Payment shall be equal to a fixed percentage of the Participant's Base Pay for such Performance Period. Except as otherwise provided in Section 6, the Committee shall determine such percentage prior to the Predetermination Date.
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