Achievement Bonus. The Company shall pay Executive an Achievement Bonus of up to 50% of Executive's Base Salary annually based upon achievement by the Company of its corporate goals as established and determined by the Board of Directors annually and for other achievements by the Company or the Executive during the year as approved by the Compensation Committee. The Board of Directors or Compensation Committee, as applicable, shall, in their respective sole discretion, determine whether such corporate or other goals have been attained or other achievements have occurred.
Achievement Bonus. Executive shall be eligible for an Achievement Bonus each fiscal year of up to 40% of his Base Salary tied to the Company’s achievement of the corporate goals established for that year by the Board of Directors and the achievement of such other goals set for the Company or Executive for such year by the Compensation Committee. The Board of Directors or Compensation Committee, as applicable, shall, in its respective sole discretion, determine whether such corporate or other goals have been attained or other achievements have occurred. Any Achievement Bonus to which Executive becomes entitled for a particular fiscal year shall be paid by the fifteenth (15th) day of the third calendar month following the close of that fiscal year or as soon thereafter as administratively practicable if payment cannot be made by such date by reason of unforeseen circumstances.
Achievement Bonus. Employee shall be eligible to receive achievement bonuses equal to 50% of Employee’s Current Salary on an annual basis in accordance with the terms below (the “Base Bonus Opportunity”). In addition, at the discretion of the Board of Directors, Employee may receive additional bonus opportunities if performance exceeds objectives (the “Additional Bonus Opportunities”). The Base Bonus Opportunity will be determined by specific performance metrics to be mutually agreed upon by Employee and the Company’s Chief Executive Officer in advance, but no later than October 31 of the calendar year preceding the Bonus Year (defined herein in Section 5). In the Bonus Year ending December 31, 2020, the Base Bonus Opportunity will be based on achievement of the following two components in such Bonus Year:
(i) Employee will receive 25% of Employee’s Base Salary upon the Closing Date of a Mezzanine Financing, as defined herein in Section 5; and
(ii) Employee will receive 25% of Employee’s Base Salary upon the Closing Date of a Qualified IPO, as defined herein in Section 5.
Achievement Bonus. The Company shall pay Xxxxx an Achievement Bonus based upon achievement by the Company of its corporate goals as established and determined by the Board annually and for other achievements by the Company or Xxxxx during the year as approved by the Compensation Committee of the Board. The Board or Compensation Committee, as applicable, shall, in their respective sole discretion, determine whether such corporate or other goals have been attained or other achievements have occurred.
Achievement Bonus. Employee will be eligible to be considered for an annual cash incentive bonus (the “Cash Bonus”) each fiscal year during the Employment Period based upon the achievement of certain objective or subjective criteria (collectively, the “Performance Goals”). In compliance with all relevant legal requirements and based on Employee’s level within the Company, the Performance Goals for Employee’s Cash Bonus for a particular year will be established by, and in the sole discretion of, the Company’s Board of Directors (the “Board”) or any Compensation Committee of the Board (the “Committee”), as applicable. The initial target amount for any such Cash Bonus will be up to 30% of Employee’s Base Salary (the “Target Bonus Percentage”), less all required tax withholdings and other applicable deductions. The determinations of the Board or the Committee, as applicable, with respect to such Cash Bonus or the Target Bonus Percentage shall be final and binding. Employee’s Target Bonus Percentage for any subsequent year may be adjusted up or down, as determined in the sole discretion of the Board or the Committee, as applicable. Employee shall not earn a Cash Bonus unless Employee is employed by the Company on the date when such Cash Bonus is actually paid by the Company.
Achievement Bonus. Employee will be eligible to be considered for an annual cash incentive bonus (the “Cash Bonus”) each calendar year during the Employment Period based upon the achievement of certain objective or subjective criteria (collectively, the “Performance Goals”). In compliance with all relevant legal requirements and based on Employee’s level within the Company, the Performance Goals for Employee’s Cash Bonus for a particular year will be established by, and in the sole discretion of, the Board or any Compensation Committee of the Board (the “Committee”), as applicable. The initial target amount for any such Cash Bonus will be up to 60% of Employee’s Base Salary (the “Target Bonus Percentage”), less all required tax withholdings and other applicable deductions. The determinations of the Board or the Committee, as applicable, with respect to such Cash Bonus or the Target Bonus Percentage shall be final and binding. Employee’s Target Bonus Percentage for any subsequent year may be adjusted up or down, as determined in the sole discretion of the Board or the Committee, as applicable. Employee shall not earn a Cash Bonus unless Employee is employed by the Company on the date when such Cash Bonus is actually paid by the Company. For 2021, the Cash Bonus will be split into two distinct components:
(i) Employee will receive 30% of Base Salary for successful Initial Public Offering with pre-money valuation of the Company equal to or higher than $200 MM dollars ($200,000,000).
(ii) Employee will receive an Cash Bonus equal to 30% of Base Salary if performance meets or exceeds the Performance Goals for 2021.
Achievement Bonus. The Company shall pay Executive an Achievement Bonus annually based upon achievement by the Company of its corporate goals as established and determined by the Board annually and for other achievements by the Company or the Executive during the year as approved by the Compensation Committee of the Board. The Board or Compensation Committee, as applicable, shall, in their respective sole discretion, determine whether such corporate or other goals have been attained or other achievements have occurred. Executives Achievement Bonus for the fiscal year 200_ is attached as Exhibit A. DCL Contract CEO Agreement 13
Achievement Bonus. In addition, the Company shall pay the following ----------------- Executive performance bonuses in not less than the following amounts upon accomplishment of the following events, 50% of each such amount to be payable upon or within fifteen (15) days after determination that the event has been accomplished , and the remaining 50% of such amount to be deposited into a deferred compensation account to be established by Ascent and payable pursuant to the terms set forth in clause 2(f) below:
Achievement Bonus. Company shall pay Executive an Achievement Bonus (in cash or stock or both) based upon the accomplishment by Company of its corporate goals during the term of this Agreement, and for other achievements by Company or Executive during the year. The Board of Directors of Company shall determine whether such corporate or other goals have been attained or other achievements have occurred.
