2018 Bonus. If the Committee approves the payment of bonuses to the Company’s executive officers in February or March 2019 under the Company’s Management Incentive Plan, the Company agrees that Blake will receive a prorated Bonus amount for calendar year 2018 calculated by determining the Bonus Blake would have received under the Management Incentive Plan had Blake remained employed by the Company through the date the Committee approves the payment of bonuses in February or March 2019 multiplied by a fraction, the numerator of which is the number of days Blake was employed by the Company in 2018 through the Termination Date and the denominator of which is 365. Any such amount will be paid to Blake no later than March 15, 2019. Neither the Company nor the Committee shall take any action unique to Blake (that does not apply to the Company’s Chief Executive Officer or Chief Operating Officer) to cause the Bonus not to be paid to Blake subsequent to the date hereof.
2018 Bonus. Executive shall receive a pro-rated bonus payment under the Company’s 2018 Incentive Plan (“2018 IP”) equal to 50% of his base salary, subject to adjustment to reflect the actual bonus pool funding under the 2018 IP approved by the Company’s Board of Directors, multiplied by (i) the number of days Executive remains employed during 2018 to and including the Retirement Date divided by (B) 365 (“2018 Bonus”). Payment of the 2018 Bonus shall be made at the same time the Company pays bonuses to other senior executives under the 2018 IP, less applicable taxes and withholdings.
2018 Bonus. For calendar year 2018, Executive shall be eligible to receive a bonus equal to 50% of Executive’s Base Salary (the “2018 Bonus”). The 2018 Bonus will be deemed earned only to the extent Executive remains employed in good standing with the Company through December 31, 2018, and shall be paid at the time and manner in which bonuses are normally paid to employees at Executive’s level. In no event will payment of the 2018 Bonus be made later than March 15, 2019. No “prorated” or partial bonus will be provided in the event of Executive’s separation from employment on or prior to December 31, 2018.
2018 Bonus. So long as Executive remains an employee of the Company on December 31, 2018, Executive shall receive a guaranteed bonus of $60,000, which shall be paid as soon as administratively practicable following December 31, 2018; and
2018 Bonus. In consideration of your consulting services, the Company will pay you your annual bonus for 2018 in the amount of $200,000, subject to standard payroll deductions and withholdings (the “Bonus Amount”). The Bonus Amount will be paid to you on your Separation Date.
2018 Bonus. The Company also will pay you a bonus for your 2018 services (the “Bonus Payment”) calculated as follows: (i) $68,116 (representing seven-twelfths of your Target Bonus as set forth in your Employment Agreement based on your current salary level), multiplied by the percentage completion of the Company’s 2018 corporate (“2018 Goals”). The 2018 Goals were established by the Board in March 2018. You understand that the Board’s decision regarding the attainment of those Goals, shall be final and binding. The Bonus Payment will be paid to you no later than the time 2018 bonuses are paid to other executives, and in any event not later than March 15, 2019.
2018 Bonus. The Company also will pay you a bonus for your 2018 services (the “Bonus Payment”) calculated as follows: (i) $152,496 (representing eleven-twelfths of your Target Bonus as set forth in your Employment Agreement based on your current salary level), multiplied by the percentage completion of the Company’s 2018 corporate goals (“2018 Goals”) (and assuming, for these purposes, 100% completion of your individual goals). You understand and agree that the Board of Directors of the Company (the “Board”) may revise the 2018 Goals at any time to reflect developments during the course of 2018, and that the Board’s decision regarding any revisions to its 2018 Goals, and/or the percentage completion of those Goals, shall be final and binding, provided that any such changes result in a percentage of completion no lower than that determined for incumbent executives. The Bonus Payment will be paid to you at the same time 2018 bonuses are paid to other executives, but not later than March 15, 2019.
2018 Bonus. Executive will remain eligible to receive an annual discretionary bonus award for 2018 under the terms of the Company’s Executive Bonus Plan, with a target annual bonus of $1,050,000 (the “2018 Bonus”), which 2018 Bonus, if and to the extent earned, will be paid to Executive on the same date in 2019 on which bonuses are paid to other senior executives of the Company. 016790-0010-17195-Active.27338586.11
2018 Bonus. To the extent that a Continuing Employee is eligible to receive an annual bonus for calendar year 2018 or quarterly bonus for the fourth quarter of calendar year 2018 (“2018 Bonuses”), payable in cash and based on the Company’s achievement of performance criteria, (i) the level of achievement of the applicable performance metrics will be determined in good faith by the Company Board or a committee thereof as of immediately prior to the Effective Time, and (ii) provided that the Continuing Employee remains employed by the Company as of immediately prior to the Closing Date, the Surviving Corporation shall pay (and Newco shall cause the Surviving Corporation to pay) such 2018 Bonuses.
2018 Bonus. With respect to the 2018 fiscal year, the Executive shall be eligible for a performance-based bonus (the “2018 Bonus”), with a target value of $1,250,000. The amount of the actual 2018 Bonus that may be paid shall be based on the relative achievement of the individual and Company performance objectives established by the Human Resources and Compensation Committee of the Board (the “Compensation Committee”) at the beginning of the 2018 fiscal year, as determined by the Compensation Committee, and subject to the Executive’s employment with the Company through the applicable payment date for the 2018 Bonus, it being understood that the 2018 Bonus, if earned for the 2018 fiscal year, shall remain payable to the Executive in the event the Executive's Date of Separation from Service occurs for reasons other than a termination of the Executive’s employment by the Company for Cause or voluntarily by the Executive (other than for Good Reason) after December 31, 2018 and prior to the payment of such 2018 Bonus. Following the 2018 fiscal year, fifty percent (50%) of the 2018 Bonus, if earned, shall be paid in
