1999 Bonus. On the earlier to occur of (i) the Resignation Date and (ii) the date on which the Company pays 1999 bonuses to its executive officers generally, the Company shall pay the Executive an amount equal to the greatest of (x) 110% of his bonus received for 1998, (y) an amount which, when added to the Executive's salary and Deferred Compensation (as defined in Section 3(c) of the Prior Agreement) that is payable for 1999 (together, "Total Cash Compensation"), would produce the highest 1999 Total Cash Compensation paid to any other executive officer of the Company or any of its affiliates or (z) such higher amount as the Board may determine is appropriate to compensate the Executive for his contributions to the Company in 1999.
1999 Bonus. The Company shall pay Stuelpe a bonus for calendar year 1999 in an amount determined pursuant to the formula set forth in Exhibit B to the Employment Agreement. Such amount shall be paid to Stuelpe at the same time as the Company's other senior executives receive their bonuses for calendar year 1999, but in no event later than April 15, 2000.
1999 Bonus. Notwithstanding the foregoing, for the calendar year ended December 31, 1999, the Executive's Annual Bonus must not be less than $112,500.
1999 Bonus. If a) the gross sales for KPR Sports International, Inc.'s off price division for the entire year 1999 and the gross sales for all of the Gen-X Holdings, Inc.'s subsidiaries for the exceed A - 1 $80,000,000.00 and b) the gross profit on such gross sales equals or exceeds $19,200,000.00, then you shall be entitled to receive your 1999 bonus of $100,000.00, payable on or before April 15, 2000;
1999 Bonus. You will be entitled to a bonus award for calendar year 1999, in an amount equal to the lesser of $600,000 or 0.3% of the Net Income of the Company and its subsidiaries (as defined below) for 1999, subject to a pro rata reduction to reflect the portion of 1999 following your date of termination with the Company. The bonus award described in this paragraph shall be payable in a cash lump sum as soon as practicable after the end of 1999, and shall be made after the Committee determines the amount to which you are entitled. You will not be entitled to any bonus award under this paragraph if your employment with the Company terminates prior to September 30, 1999 for Cause (as defined in the Agreement) or your voluntary resignation. However, if your employment with the Company terminates prior to September 30, 1999 for any other reason, the bonus award described in this paragraph shall be $600,000 (regardless of the Net Income), subject to a pro rata reduction to reflect the portion of 1999 following your date of termination with the Company, and shall be payable as soon as practicable (but not more than 30 days) after your termination of employment. You will be entitled to an additional bonus award for calendar year 1999, in an amount equal to the lesser of $300,000 or 0.3% of the Net Income of the Company and its subsidiaries for 1999. The bonus award described in this paragraph shall be payable in a cash lump sum as soon as practicable after the end of 1999, and shall be made after the Committee determines the amount to which you are entitled. However, if your employment with the Company terminates prior to September 30, 1999 for any reason, the bonus award described in this paragraph shall be $300,000 (regardless of the Net Income), and shall be payable as soon as practicable (but not more than 30 days) after your termination of employment. For the avoidance of doubt, it is recited that the bonus amounts described in this paragraph and the preceding paragraph are to be determined in accordance with the applicable terms of the respective paragraph without any discretionary adjustment. For purposes of determining the bonus under this item 5, the term "Net Income" of the Company and its subsidiaries for 1999 shall mean the after tax Net Income of the Company and all of its subsidiaries for 1999 as reflected on the companies' audited consolidated financial statements for such year as filed with the Security and Exchange Commission less an amount equal to the "N...
1999 Bonus. In addition to the Base Salary described in Section 3.1 above, the Company shall also pay the General Manager a bonus for fiscal year ending November 30, 1999 (the "1999 Bonus") in an amount to be determined by the Executive Committee but which shall not be less than $75,000. The Company will pay the General Manager $25,000 of the 1999 Bonus as of the Effective Date with the remainder of the 1999 Bonus paid on or before December 15, 1999. Any bonus during the remainder of the Term will be determined by the Executive Committee in its sole and absolute discretion.
1999 Bonus. Provided that the Employee is employed by the Company as of December 31, 1999, the Employee shall be entitled to a bonus in the amount of $37,500.
1999 Bonus. Shire will pay, or cause to be paid, bonuses for ---------- calendar year 1999 to Xxxxxxx' employees participating in Xxxxxxx' RPC Incentive Compensation Program in amounts equal to each such Xxxxxxx employee's bonus for the year, on a basis consistent with past practice, within the target range established for each employee (but, in the aggregate, not in excess of U.S.$1,500,000) as determined by the chief executive of Xxxxxxx immediately prior to the Closing Date (all in accordance with the RPC Incentive Compensation Program set forth in Schedule 6.4 of the Xxxxxxx Disclosure Schedule). Annual bonus for 1999 for the four senior officers of Xxxxxxx who do not participate in the RPC Incentive Compensation Program shall be as determined by the Compensation Committee of Xxxxxxx' Board of Directors immediately prior to the Closing Date in a manner which is consistent with past practice based upon performance, and shall be in an aggregate amount not greater than U.S.$1,000,000.
1999 Bonus. As additional consideration for the Employee's service hereunder, the Employee shall be eligible to participate in the Company's Management Incentive Plan (the "MIP") for an incentive bonus opportunity for 1999 equivalent to 25% of an annual maximum bonus opportunity based on a maximum payment of 50% of Employee's base salary (i.e. $100,000) in accordance with the terms of the MIP. This 1999 incentive bonus opportunity under the MIP shall have the same MIP payout ranges and objectives established and approved by the Board for the Company's CEO.
1999 Bonus. Executive will be eligible to receive, in addition to the annual base salary described above, an annual bonus under Itron's Executive Incentive Compensation Plan (the "EIC Plan") for 1999 (based on the objectives that have been established under the EIC Plan of Itron's executive officers, or such other objectives as may be agreed to by Executive and the Compensation Committee of Itron's Board of Directors). Upon achievement of EIC Plan targets at the 100% level, Executive will be entitled to receive 60% of his annual base salary for the period of 1999 during which he was employed by Itron (which is $138,500, assuming Executive's employment commences on June 7, 1999 and continues through at least the end of 1999). Depending on the extent to which established EIC Plan targets are met, Executive will be entitled to receive up to 150% of his targeted bonus award.
