2007 Bonus. On or about April 1, 2008, the Board of Directors of the Company shall determine and the Company shall make a bonus payment for 2007 to Xx. Xxxxxxxx. Such bonus (the “2007 Bonus Payment”) shall be determined in accordance with the Executive Management Bonus Scheme or alternate bonus scheme that may be approved by the Board of Directors and the payment shall be wired to Xx. Xxxxxxxx’x nominated bank account. The 2007 Bonus Payment will be made less all applicable withholdings and deductions.
2007 Bonus. Executive shall receive a bonus of $37,500 within thirty (30) days after the Commencement Date.
2007 Bonus. Subject to the terms and conditions for payment of corporate bonuses generally applicable to employees for services rendered in 2007 (other than the requirement that you be employed by VeriSign on the bonus payment date), you will be eligible to receive a portion of your bonus for 2007 (the “2007 Bonus”) to be pro-rated as of the Termination Date. Payment of the 2007 Bonus will be contingent upon your full compliance with your obligations under this Agreement, including without limitation your obligations under Sections 8 and 9 below of this Agreement, at the time VeriSign issues 2007 corporate bonuses to its employees. For the purpose of clarification, your Target Bonus amount for 2007 is sixty percent (60%) of your annual base salary. Your current annual base salary is $420,000. Therefore, if the Termination Date is July 10, 2007 then the maximum amount that you will receive as the 2007 Bonus will be $131,040 (calculated as follows: ($420,000 * .6) * (191/365) = $131,040).
2007 Bonus. Employer will pay Employee his 2007 Target bonus of $560,000 (80% of Base Salary of $700,000) in March 2008 when other management bonuses are paid.
2007 Bonus. Executive shall be eligible to receive a discretionary bonus for 2007 in accordance with this Section 3(b) (the “2007 Bonus”). The 2007 Bonus shall be a performance-based bonus with a target bonus of 90% of the base salary paid to Executive during 2007 and a maximum bonus equal to 125% of the base salary paid to Executive during 2007. Performance goals for the 2007 Bonus shall be established by the Chief Executive Officer in his sole discretion. The 2007 Bonus shall be paid on the date that bonuses for 2007 are paid generally to employees of the Company in the sole discretion of the Company (such date, the “2007 Bonus Payment Date”). Notwithstanding anything in the foregoing to the contrary, Executive must be employed by the Company on the 2007 Bonus Payment Date to be eligible for the 2007 Bonus (or any portion thereof).
2007 Bonus. Executive shall receive a $125,000 bonus within thirty (30) days after the Commencement Date. This payment will be in full satisfaction of the bonus for a Business Combination otherwise payable under his April 16, 2007 employment contract.
2007 Bonus. The Company agrees that notwithstanding the termination of the Employment Agreement, the Consultant remains eligible for an Annual Bonus (as defined in Section 2(c) of the Employment Agreement) with respect to the Company’s 2007 fiscal year.
2007 Bonus. On or about February 29, 2008, the Executive was paid a bonus payment from the Company for her performance in 2007. Such bonus was paid at 105% of Target Bonus ($577,500) (“Bonus Payment”) in a single lump-sum cash payment, less applicable tax withholdings.
2007 Bonus. (a) You will be able to participate in the Company’s 2007 Financial Bonus Plan, as such plan may be amended from time to time. Your target bonus opportunity for 2007 is 70% of Base Salary. Your minimum bonus for this year is 0% and maximum bonus is 200%, if performance targets are exceeded in accordance with the terms of the 2007 Financial Bonus Plan. In no event will you be entitled to earn an annual bonus in excess of 200% of target. You will separately be receiving a letter setting forth your performance goals for 2007 under the 2007 Financial Bonus Plan. Should you remain employed with the Company through December 31, 2007, payment under the terms of this bonus plan will be made no later than March 14, 2008.
(b) In the event that the Company terminates your employment without Cause or you terminate employment for Good Reason, you will be entitled to a pro-rata portion of your annual bonus for the year in which your termination occurs, payable at the time that annual bonuses are paid to other senior executives, but no later than March 14 of the following year (determined by multiplying the amount you would have received based upon actual performance had your employment continued through the end of such year by a fraction, the numerator of which is the number of days during the year of termination that you are employed by the Company and the denominator of which is 365).
(c) With respect to calendar years after 2007, if you remain employed by the Company, you will be eligible to participate in the Company’s then current annual bonus plan, in accordance with the terms of such plan.
2007 Bonus. As provided in Section 4.1 of and Exhibit A to the Plan, the Company shall pay Executive a pro rata target bonus for 2007 in an amount equal to 8/12ths of the 30% personal component of 80% of his annualized base salary, or $105,600. In addition, to the extent the Company meets certain predetermined financial targets set forth in the 2007 bonus plan, which would have allowed Executive to receive additional compensation under the 2007 bonus plan, the Company agrees to pay Executive in 2008 the difference, if any, between the pro-rated bonus he would have received less $105,600 at the same time as active employees receive 2007 bonuses.
