Target Variable Compensation definition

Target Variable Compensation means Employee’s total annual bonus, commission or other short term cash incentive compensation determined on the basis of achievement of 100% of targeted performance.
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Target Variable Compensation means total annual bonus, commission or other short term cash incentive compensation at 100% of targeted performance.
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Examples of Target Variable Compensation in a sentence

  • Achievement against goals and the actual amount of the Target Variable Compensation earned will be determined by the Company, in its sole discretion, and will be subject to the approval of the Committee.

  • Any earned Target Variable Compensation shall be paid within thirty (30) days following its determination and approval by the Committee.

  • In order to earn and be paid such variable compensation, you must remain an active employee throughout the full-time period for which the Target Variable Compensation is paid, and for which time period the Company and the Committee assesses performance and the related compensation amounts, and you must be employed and in good standing on the date of Target Variable Compensation distribution.

  • For 2024, your Target Variable Compensation shall be 100% of your annual base salary prorated from the Effective Date, subject to the achievement of the corporate and individual performance goals and objectives.

  • Executive must remain an active employee throughout the full time period for which the Target Variable Compensation is paid, and for which time period the Company and the Committee assesses performance and the related compensation amounts, and employed on the date of Target Variable Compensation distribution, in order to earn and be paid any such compensation.

  • Any earned Target Variable Compensation, shall be paid within thirty (30) days following its determination and approval by the Committee.

  • Seller shall pay to POC Employees participating in the Schlumberger Performance Incentive Plan, Target Variable Incentive Plan and the Target Variable Compensation Plan bonuses based on performance as of the Closing Date, and Purchaser shall have no liability for any bonuses pursuant to such plans.

  • Achievement against goals and the actual amount of the Target Variable Compensation earned will be determined by the Company, in its sole discretion, subject to the approval of the Committee.

  • Executive and the Company agree that for the year ending December 31, 2015, Executive’s Target Variable Compensation pursuant to the Sales Incentive Plan shall be 100% of Executive’s Base Salary.

  • For 2017, subject to the achievement of the corporate and individual performance goals and objectives, you will be eligible to receive up to a Target Variable Compensation amount of Four Hundred Seventy-Five Thousand Dollars ($475,000.00) under the 2017 executive bonus plan, subject to proration based on your actual service period for the year.

Related to Target Variable Compensation

  • Earnable compensation means the full rate of the

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Basic Compensation means Salary and Benefits.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.