2024 Bonus. Subject to all other terms as stated herein, you will be entitled to a pro-rata portion of the 2024 bonus for each of your roles, based on the portion of the year that you were employed, and based upon duration of time in each position and the base salary for each position. Your bonus may be paid in a combination of cash and RE/MAX Holdings stock. Any such bonus payment will be made at such time as determined by the Company in its sole discretion (but no later than March 15, 2025) and will be based on the Company’s achievement of financial or other goals and Employee’s pre-established performance criteria as well as the applicable bonus plan document. The amount and payment of the bonus, if any, will be determined in the discretion of the Company and in accordance with the applicable policy. Notwithstanding the foregoing, you will forfeit any bonus for the 2024 bonus plan year if:
2024 Bonus. Executive will be eligible for awards under the Company’s Annual Incentive Bonus and Cash Long Term Incentive Plan on a pro rata basis in 2024 based on his months of service as CEO during 2024.
2024 Bonus. You will be eligible for consideration of 100% of your target 2024 bonus, pro-rated by the number of days employed in 2024, in the amount of $87,302. The determination of whether to award a bonus and the amount of such bonus shall be in the sole discretion of the Company and is subject to the approval of the Board of Directors. If such bonus is awarded,it is expected to be paid by no later than within thirty (30) days of you returning an executed Agreement. You acknowledge and agree that you have no contractual or other entitlement to such a bonus.
2024 Bonus. In accordance with the terms of the Letter Agreement, within 90 days following the Separation Date, Executive will be paid a lump sum amount reflecting Executive's target bonus for 2024, which is $330,000, which will be paid less taxes and other required withholdings. Except as set forth in this subsection, Executive shall not be eligible for any other bonus or incentive compensation with respect to calendar year 2024 or thereafter.
2024 Bonus. Section 3(c) of the Employment Agreement is hereby amended and restated in its entirety to read: “For the period between January 1, 2024, to the end of the Term, and provided the Executive is employed on the last day of the Term, the Executive will also to be entitled to a cash bonus for 2024 of $53,254.88 (the “2024 Bonus”). Any earned 2024 Bonus pursuant to this Section shall be payable in accordance with the Company’s historical payroll practices and within thirty (30) days after May 19, 2024.” [Signature page follows] In Witness Whereof, the parties hereto have executed this Agreement on the Effective Date. HORIZON BANK By: /s/ Xxxxxx X. Xxxxx Xxxxxx X. Xxxxx Chief Executive Officer and President HORIZON BANCORP, INC. EXECUTIVE By: /s/ Xxxx X. Xxxxxx /s/ Xxxx X. Xxxxx Xxxx X. Xxxxxx, Executive Vice President Xxxx X. Xxxxx
