2008 Bonus. The Company agrees with Employee that a bonus for 2008 will be negotiated and agreed to for Employee no later than March1, 2008.
2008 Bonus. Notwithstanding anything contained herein to the contrary or the expiration of the Prior Agreement, your annual bonus in respect of the 2008 calendar year shall be determined in accordance with paragraph 4(c) of the Prior Agreement, with the cash portion thereof to be paid at such time as annual bonuses are generally paid to senior executives of the Company and, unless administratively impracticable, in no event later than March 15, 2009, unless you have elected to defer the receipt of such annual bonus pursuant to an arrangement that meets the requirements of Section 409A of the Code.
2008 Bonus. Pursuant to and in accordance with the provisions of paragraph 4.03(a)(2) of the EEA, as soon as practicable following January 1, 2009, Ceridian shall pay to you a bonus payment, less applicable withholdings, calculated in accordance with the provisions of Ceridian’s annual bonus (or management incentive) plan applicable to you for the fiscal year 2008.
2008 Bonus. Corporation shall pay Executive an aggregate bonus for the year ending December 31, 2008, based upon the achievement of certain EBITDA targets as set forth in the attached Schedule I, subject to a maximum bonus of 100% of Executive’s Base Salary.
2008 Bonus. The Executive shall be entitled to receive a bonus relating to the Company’s 2008 Cash Incentive Program in the amount of Two Hundred Twenty Five Thousand Dollars ($225,000), (a) One Hundred Twenty Five Thousand Dollars ($125,000) of which shall be paid upon receipt of at least $900,000 of insurance proceeds relating to the fire that occurred on June 8, 2008 at the Company’s facility and (b) One Hundred Thousand Dollars ($100,000) of which shall be paid in six equal monthly installments beginning one month after the Effective Date but subject to delay after taking into account the cash flow needs of the Company, but in no event shall be the payments under clause (a) or clause (b) be made later than ten (10) days prior to the date in which penalties under Section 409A would be applicable.
2008 Bonus. The Executive shall receive a “Pro-rata Bonus Payment” for her service in 2008 through the Separation Date, which will be paid as soon as practicable after the Separation Date, but no later than 30 days after the Separation Date. The amount of the Pro-rata Bonus Payment shall be the product of (i) $1,503, multiplied by (ii) the number of days in the period beginning on January 1, 2008 and ending on (and including) the date of the Separation Date. Such payment is contingent, however, upon the Executive’s: (a) execution and delivery of the General Release and Waiver attached as Exhibit A to this Agreement (the “Release”) during the 21-day period following the Separation Date with such delivery pursuant to Section 16(d) below, (ii) non-revocation of the Release, and (iii) continued compliance with all of the terms and conditions of this Agreement.
2008 Bonus. For calendar year 2008, as compensation for the Executive’s loss of his bonus opportunity with his former employer, and to reward the Executive for his role after joining the Company in assisting the Company towards achieving its 2008 goals, the Executive shall be entitled to a bonus equal to the greater of (1) $455,000 (four hundred and fifty-five thousand dollars) which equals sixty-five percent (65%) of the annual rate of his base salary as in effect on the Effective Date, or (2) the bonus that would have been payable to him had he actually participated in the Company’s Annual Incentive Plan (“AIP”) effective January 1, 2008 at a target level of sixty-five (65%) of annual base salary. The actual amount of the potential bonus under clause (2) shall be determined by the extent to which the Company achieves in 2008 the performance goals set out in the AIP for 2008. In calculating this bonus, the performance goals for 2008 shall be weighted forty percent (40%) on Statutory Reported Combined Ratio, forty percent (40%) on Increase in Policies in Force and twenty (20%) on achievement of a participant’s individual targeted accomplishments. The Company shall pay the 2008 bonus described in this Section 3(b)(i) to the Executive in 2009, at the time of payment of bonuses under the AIP; provided, however, that the Executive shall not be entitled to any bonus for 2008 under this Section 3(b)(i) should he terminate employment before such payment date without Good Reason (as such term is defined in Section 5(d) of this Agreement).
2008 Bonus. The Executive shall be entitled to receive a bonus relating to the Company’s 2008 Cash Incentive Program in the amount of Three Hundred Thirteen Thousand Dollars ($313,000), (a) $175,000 of which bonus shall be paid upon receipt of at least $900,000 of insurance proceeds relating to the fire that occurred on June 8, 2008 at the Company’s facility and (b) $138,000 of which shall be paid in six equal monthly installments beginning one month after the Effective Date, after taking into account the cash flow needs of the Company, but in no event shall the amounts paid under clause (a) or clause (b) be made later than ten (10) days prior to the date in which penalties under Section 409A would be applicable.
2008 Bonus. Employee shall, if the performance goals applicable to the executive leadership team are achieved, receive his 2008 bonus under the LifePoint Hospitals, Inc. Executive Performance Incentive Plan. Such bonus shall be paid at the same time all other bonuses are paid under such plan. This bonus will be paid at the same percentage of Employee’s target bonus as is paid to other members of the executive leadership team.
2008 Bonus. (a) At the time annual bonuses for the 2008 performance year are paid to executives generally pursuant to the Company’s Senior Officer Incentive Compensation Plan, the Executive may be paid a bonus (the “2008 Bonus”), which shall be paid fully in cash, not subject to the ISP, and which shall be determined by the Committee in its sole discretion. The target amount for the 2008 Bonus shall be the product of (i) the number of full or partial months in 2008 in which the Executive holds the title of Chief Financial Officer, multiplied by (ii) $112,500 (the “2008 Target Amount”); provided, however, that nothing herein shall prevent the Company from awarding a 2008 Bonus amount that is greater than the 2008 Target Amount.
(b) The Committee’s determination of the amount of the 2008 Bonus may be based upon (i) achievement of Company-wide financial objectives for the 2008 performance year, as determined in the sole discretion of the Committee based upon the Company’s annual certificate of corporate performance for 2008, and (ii) the Executive’s reasonable performance of his duties during 2008, as described in Section 1 above. The Committee shall review the Executive’s performance of his duties during 2008 at the Committee’s first regularly scheduled meeting occurring at least seven (7) days after the end of the Initial Period. The Committee’s determination of the Executive’s performance during 2008 shall be provided to the Executive via written notice within seven (7) days of the Committee’s meeting.
