On-Target Earnings Definition | Law Insider

On-Target Earnings definitionOn-Target Earnings means the sum of an Eligible Employee’s annual base salary and maximum target cash bonuses and/or commissions.View SourceBased on 5 documents5Draft with AISplit ViewAI-Powered Contracts

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Get StartedBook a DemoOn-Target Earnings means, with respect to a Participant compensated via the Company’s on-target earnings or other sales commission-based programs, the Participant’s highest annualized compensation rate for on-target performance during the Protected Period.View SourceBased on 2 documents2Draft with AIOn-Target Earnings means that if Employee satisfies the incentive goals established by the Company for Employee, then Employee shall have the ability to earn total compensation, including base salary, incentive compensation and other benefits, with a total value of not less than $350,000 per year.View SourceBased on 1 documents1Draft with AI

Examples of On-Target Earnings in a sentence

• Employer reserves the right, subject to minimum statutory notice entitlements pursuant to German law, to terminate the Period of Employment without Cause at any time upon paying to the Employee a lump sum payment of an amount equal to twelve (12) months of On-Target Earnings (as defined in Schedule A), less statutory deductions and withholdings (the "Severance Amount").

• Employer reserves the right to terminate the Period of Employment without Cause at any time upon paying to the Employee a lump sum payment of an amount equal to the Applicable Number of months (as defined in Section 4.01) of On-Target Earnings (as defined in Schedule A), less statutory deductions and withholdings (the "Severance Amount"), which amount the parties agree is pay-in-lieu of reasonable notice.

• For purposes of this Agreement, "On-Target Earnings" as of any date means the Employee's then current base salary and target bonus.

• You will be eligible to earn On-Target Earnings on an annualized basis in the amount of $660,000 which includes a base salary of $330,000 and an incentive bonus of $330,000 (which is equal to 100% of your base salary).

• Employer reserves the right to terminate the Period of Employment without Cause at any time upon paying to the Employee a lump sum payment of an amount equal to twelve (12) months of On-Target Earnings (as defined in Schedule A), less statutory deductions and withholdings (the "Severance Amount"), which amount the parties agree is pay-in-lieu of reasonable notice.

• On the Effective Date and thereafter, you will receive the following: On-Target Earnings If you decide to join us, effective on Closing your on-target annualized earnings (annual base pay and target discretionary bonus) will be $800,000.

• Compensation – As compensation for Employee’s services Employee will receive Base Salary @ USD$250,000 payable over regular pay periods Bonus @ USD$125,000* On-Target Earnings (OTE) of $375,000 $3l,250 Annual Total Company Operating Income Bonus- Based on achieving 100% of Total Company Operating Profit.

More Definitions of On-Target Earnings

On-Target Earnings means, as of any date, your then current base salary and target bonus.View SourceBased on 1 documents1Draft with AI

Related to On-Target Earnings

• net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

• Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

• Cumulative Retained Excess Cash Flow Amount means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for all Excess Cash Flow Periods ending after the Closing Date and prior to such date.

• Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

• Net earnings available for fixed charges means net income after deducting operating and maintenance expenses, taxes other than federal and state income taxes, depreciation, and depletion, but excluding extraordinary expenses appearing in the regular financial statements of the system.

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Related Definitions

• net earnings
• Adjusted Net Earnings
• Cumulative Retained Excess Cash Flow Amount
• Target EBITDA
• Net earnings available for fixed charges