Bonus Options. During the Term, in addition to the salary provided for in Section 3.1, the Employee shall be eligible to receive Bonus Options (as defined in the Executive Bonus Plan) in accordance with the terms set forth in the Executive Bonus Plan.
Bonus Options. In addition to your base salary, you shall be entitled to receive a bonus of up to 100% of your base salary, based on the achievement of the annual EBITDA targets contained in Exhibit A (such targets to be subject to adjustment by the Board of Directors of the Company, in good faith, to reflect any acquisitions, dispositions and material changes to capital spending). The amount of such bonus would rise linearly from 0% of base salary to 100% of base salary based on achievement of EBITDA of 90% to 110% of target EBITDA. No bonus shall be payable if EBITDA is 90% or less of target EBITDA. You will also be entitled to receive certain stock options pursuant to one or more executive or employee stock option plans to be adopted by the Company; the proposed terms of such stock options (which are subject to change) are contained in Exhibit A attached hereto.
Bonus Options. During the Term, the Employee shall be eligible to ------------- receive Bonus Options (as defined in the Norton XxXxxxxxxx, Inc. Bonus Option Plan for Senior Executives of JJ Acquisition Corp. (the "Executive Option Bonus Plan")) in accordance with the terms set forth in the Executive Option Bonus Plan, a copy of which is attached hereto as Exhibit B.
Bonus Options a. During the Employment Term, Xxxxxx shall be eligible to receive a bonus set by the Company’s Board of Directors in its sole discretion and based on such factors as the Board of Directors deems appropriate. All bonuses shall be paid in accordance with the Company’s standard payroll practices, net of any applicable withholding. No bonus will be payable under this Section unless Xxxxxx is employed as of the date such bonus is paid.
Bonus Options. In addition to the Base Salary, Executive will be eligible to receive annual bonus compensation (the "Annual Bonus") and such stock or option grants in an amount to be set by the Company's Board of Directors, acting in its sole and absolute discretion.
Bonus Options. If at any time UDC grants to employees of UDC "bonus" options (that is, options granted to UDC employees other than at the beginning of their service to UDC), UDC shall make available to PPG a pool of "bonus" Options for distribution to PPG employees on the Development Team, as is, in the good faith estimation of UDC, consistent with the criteria used to issue "bonus" options to employees of UDC. Upon approval by PPG, the bonus Options shall be issued to PPG employees on the Development Team by UDC in equal or unequal amounts as determined in the discretion of PPG after consultation with UDC. The terms of such Options shall be consistent with the options granted to UDC employees.
Bonus Options. To be determined annually in the discretion of the Board of Directors.
Bonus Options. In January of each year, commencing in January 2012, after considering Executive’s Annual Performance Review for the preceding year, the Compensation Committee will consider whether the Company should grant to Executive an incentive stock option under the Plan (a “Bonus Option”). The number of shares of Common Stock that would be issuable under a Bonus Option shall be proposed by the Compensation Committee to the Board of Directors and shall take into account Executive’s actual performance relative to his accomplishments in the area of business development. The determination as to whether to grant a Bonus Option, and the terms of any such option, shall be made by the Board of Directors, in its sole discretion.
Bonus Options. Each Bonus Option shall vest as to 25% of the shares issuable thereunder on December 31 of the year of grant, and the remainder shall vest in equal monthly portions over the following 36 months, for a total four-year vesting period.
Bonus Options. Executive shall be issued stock options from the Company’s then current incentive stock option plan, on an annual basis in the discretion of the Board of Directors (the “Bonus Options”). The Bonus Options shall be issued to Executive within 30 days after the end of each anniversary of this Agreement. The amount of Bonus Options each year shall be determined in good faith by the Board of Director, and will be reviewed, from time to time, and may be adjusted (upward and not downward) at the discretion of the Board, including as a result of performing services for Company’s subsidiaries and affiliated companies. The amount of such Bonus Options shall be determined by the Board of Directors based on meeting performance goals set by the Board of Directors in consultation with the Executive.
