2018 Annual Bonus. By signing below, you acknowledge and agree that you will not be entitled to any bonus payment in respect of the 2018 calendar year or otherwise.
2018 Annual Bonus. To the extent not yet paid as of the Termination Date, the Company will pay Executive an annual bonus (if any) for fiscal year 2018 in the amount of $254,877, which was determined in accordance with Section 3(b) of the Employment Agreement. Such bonus payment will be paid to Executive in January 2019 at the same time as such bonuses are paid to other executives of the Company who are eligible for 2018 annual bonuses.
2018 Annual Bonus. Xx Xxxxxxxxxxx shall remain eligible for his 2018 annual bonus. The total amount of the 2018 annual bonus shall be determined by the Board of Directors (the “Board”) in its sole discretion and will be paid on the date in 2019 upon which the Company pays 2018 annual bonuses to Company executives.
2018 Annual Bonus. (1) If you are a “Designated Key Executive” (as such term is defined in the Charter of the Committee as in effect on the date hereof), by acceptance of this Agreement, you agree that the Retention Bonus is in lieu of any annual cash incentive bonus that otherwise may be payable to you in respect of the 2018 calendar year under the Company’s 2018 Annual Incentive Plan (the “AIP”) and/or under the terms of any employment agreement, offer letter or other employment or compensation plan, policy, contract or arrangement of the Company applicable to 2018 annual cash incentive bonuses, and you hereby waive any right to receive such bonus under any such plan, agreement or arrangement.
(2) If you are not a Designated Key Executive, by acceptance of this Agreement, you agree that the Retention Bonus is in lieu of 50% of your target award under any annual cash incentive bonus that otherwise may be payable to you in respect of the 2018 calendar year under the AIP and/or under the terms of any employment agreement, offer letter or other employment or compensation plan, policy, contract or arrangement of the Company applicable to 2018 annual cash incentive bonuses, and you hereby waive any right to receive such portion of such bonus under any such plan, agreement or arrangement. You shall remain eligible to receive 50% of your target bonus award in respect of the 2018 calendar year, subject to satisfaction of any applicable performance goals and the other terms of such plan.
2018 Annual Bonus. After the Retirement Date, I will remain eligible to receive an annual bonus for the Company’s 2018 fiscal year, based on my and the Company’s actual performance results for such year, as determined by the Compensation Committee of the Board of Directors of the Company in its sole discretion. I will receive such payment in a single cash lump sum as and when annual bonuses are paid generally to executives of the Company for such fiscal year.
2018 Annual Bonus. In the event that the Effective Date occurs after April 1, 2018, any Annual Adjusted IBIT Performance Bonus and any Annual Individual Goal Bonus payable to the Executive for 2018 shall be pro-rated, based on the Executive’s period of employment by the Company during 2018.
2018 Annual Bonus. Following a Pre-Transition Date Qualifying Termination, a Post-Transition Date Qualifying Termination or a Change in Control that occurs before the payment of Executive’s annual bonus for fiscal year 2018, and in any of these cases, subject to the prior satisfaction of the applicable Release Condition, the Executive will be eligible to receive a bonus payment for fiscal year 2018, prorated based on the period of Executive’s employment with the Company during fiscal year 2018, and calculated based on his or her current target percentage and the actual Company performance in fiscal year 2018, as determined by the Compensation and Leadership Committee of the Company in Q1 2019 or in connection with the Change in Control, with payment to occur on or before March 15, 2019; provided, however, that in the event of a Change in Control, if the actual Company performance in fiscal year 2018 is not determined as of such event, then the Executive’s 2018 annual bonus shall be calculated based on his or her current target percentage only. Notwithstanding the foregoing, if Executive is subject to a Qualifying Termination (as defined in the Change in Control Severance Agreement), then the amount of the bonus payment provided under this paragraph shall be reduced on a dollar-for-dollar basis by the portion of Executive’s bonus for fiscal year 2018 payable under the Change in Control Severance Agreement.
2018 Annual Bonus. The Company will pay you a lump-sum cash payment in the amount of the annual bonus for 2018 in the amount determined by the Compensation Committee that you would have been paid if you had been employed on the payment date no later than 30 days following the Separation Date. You acknowledge and agree that the Separation Benefits are more than you are otherwise entitled to receive pursuant to the Employment Agreement, the Incentive Plan or any other Company plan or program. You are not entitled to and will not receive any further payments, compensation or benefits under the Employment Agreement, the Incentive Plan or any other Company plan or program after the Separation Date that are in addition to the payments or benefits described in this Agreement.
2018 Annual Bonus. Executive shall be paid a pro-rated bonus, should bonus be paid per the 2018 Short Term Incentive Plan to be established at that time, for the pro-rated period of employment in 2018 subject to Compensation Committee approval, less applicable tax withholdings, on their normal payment date on or before March 15, 2019.
