2013 Bonus a) You will be eligible to participate in the Company’s 2013 Financial Bonus Plan; as such plan may be amended from time to time. Your target bonus opportunity for 2013 is 25% of your Base Salary. The actual amount of your 2013 bonus will be based upon the level of achievement of performance targets, as determined by the Board or the Compensation Committee. You will separately be receiving a letter setting forth your performance goals for 2013 under the 2013 Financial Bonus Plan. You must be employed on the date such bonus payments are made to similarly situated executives in order to be eligible to receive your 2013 Financial Plan bonus payment, if any. Payment, if any, under the terms of the 2013 Financial Bonus Plan will be made no later than March 14, 2014.
b) With respect to calendar years after 2013, 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. Unless changed by the Compensation Committee or the Board, your target bonus will remain at 25% of your Base Salary.
2013 Bonus. An amount equal to the product of (A) the Bonus, if any, payable under the FreightCar America, Inc. Annual Incentive Bonus Program (the “Program”) and the Administrative Terms and Conditions under the Program based on the Company’s achievement of the RONA goals established for the 2013 Performance Period, without any reduction from the Bonus amount produced by application of the Company’s RONA goals for the 2013 Performance Period, and with the Individual Performance Goals deemed satisfied at the Target level, and (B) a fraction, the numerator of which is the number of days the Executive remained employed by the Company in 2013 through the Date of Termination and the denominator of which is 365, payable at such time as annual incentive amounts are paid to active employees of the Company with respect to 2013 performance. All capitalized terms in this Section 4(b)(ii) that are not otherwise defined in this Agreement shall have definition given in the Program.
2013 Bonus. On January 3, 2014, the Company shall pay you your 2013 Bonus in the amount of $115,600, less tax-related deductions and withholdings applicable to a bonus payment. Such payment shall be made by direct deposit.
2013 Bonus. In lieu of any annual bonus for the 2013 fiscal year, you will receive a special bonus equal to $778,650, representing 125% of your blended 2013 base salary. This special bonus will be payable in a cash lump sum, less applicable tax withholdings, within five (5) business days after the date you execute this Agreement.
2013 Bonus. On or about February or March 2014, Company shall pay Employee his 2013 bonus, which will be calculated based on the agreed upon metrics for the Company’s 2013 performance. For the avoidance of doubt, the Employee will not be entitled to any bonus based on the Company’s 2014 performance.
2013 Bonus. We refer to the Agreement dated as of August 21, 2014 by and between you and the Company, which covers among other items, payment of your bonus for 2013 (the “Bonus Agreement”). The Company and you acknowledge that Section 5 of the Bonus Agreement remains in full force and effect.
2013 Bonus. Subject to your compliance with the provisions of this Agreement, you shall be eligible to receive the prorated portion (for the period of time actually worked prior to your Termination Date) of your annual bonus for 2013, to be paid no later than March, 15, 2014, if earned, in accordance with the terms of the Company’s Annual Incentive Plan and consistent with the annual bonuses paid to the Company’s executive officers at such time under the Annual Incentive Plan. Any such bonus payment remains subject to the Company’s clawback policy.
2013 Bonus. The amount payable to the Senior Adviser in respect of the bonus for 2013 shall be determined prior to the Effective Date by the compensation committee of the Board as constituted on the date hereof. The bonus shall be paid on the normal schedule, subject to existing bonus criteria consistently applied.
2013 Bonus. Notwithstanding anything to the contrary contained herein and in lieu of any other cash or equity bonus for which Employee may be eligible under this Agreement for the 2013 calendar year, Employee shall be eligible to receive a cash bonus in the amount of $100,000 for the 2013 calendar year, payable in accordance with the terms of this Section 2 of Schedule 1 on or prior to January 7, 2014, subject to fulfillment of the following conditions (as determined in the sole discretion of the Board of Directors of the Company): (a) the Employee’s employment relationship with the Company was not terminated either (i) by the Employee or (ii) by the Company for “cause” (as defined in Section 8(a)(iii)), in each case, prior to December 31, 2013, and (b) Employee uses his best efforts to loyally and conscientiously perform all the duties required by him by the terms of this Agreement.
2013 Bonus. Notwithstanding anything to the contrary contained herein and in lieu of any other cash or equity bonus for which Employee may be eligible under this Agreement for the 2013 calendar year, Employee shall be eligible to receive a cash bonus in the amount of $100,000 for the 2013 calendar year, payable in accordance with the terms of this Section 2 of Schedule 1, subject to fulfillment of the following conditions (as determined in the sole discretion of the Board of Directors of the Company): (a) the Employee’s employment relationship with the Company was not terminated either (i) by the Employee or (ii) by the Company for “cause” (as defined in Section 8(a)(iii)), in each case, prior to December 31, 2013, and (b) Employee uses his best efforts to loyally and conscientiously perform all the duties required by him by the terms of this Agreement, including, without limitation, to assist with the successful transitioning to the Company’s new Chief Financial Officer.”
