Additional Performance Bonus Sample Clauses

Additional Performance Bonus. Executive shall receive an additional performance bonus equal to five percent (5%) of the total investment value raised by Company, to be paid upon closing directly with the investment source, and/or from any escrow established for the transaction, where applicable. Any compensation due Executive from the bonuses referred to in Sections 2.2, 2.3 and 2.4 shall not be calculated as part of Executive’s base Salary. All monies and stock to be received in accordance with Sections 2.2, 2.3 and 2.4 shall be included in all contracts with distributors, financiers and all other related parties where applicable.
Sample 1
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Additional Performance Bonus. As Company is currently undergoing major changes within its management in order to enter the North American market, the Company will issue you one million (1,000,000) fully vested shares of stock for each net liquid $1,000,000 in equity raised by the Company during your first six (6) months of your tenure as CEO, with a maximum of five million (5,000,000) shares issued under this section.
Sample 1
Additional Performance Bonus. In the event that the Company's Revenue for each or one or more of the months of August, September and October 1999 exceeds, by $500,000 or more, the Projected Revenue for July 1999 and there is a corresponding excess of actual EBITDA over Projected EBITDA for such period, the Executive (together with the Executive Vice President of the Company, in such proportions as they mutually agree upon) shall be entitled to a bonus of 25,000 shares of common stock of EXTEL for each $500,000 by which the Company's Revenue for each or one or more of the months of August, September and August 1999 exceeds the Projected Revenue for July 1999 (where "Revenue," "Projected Revenue," "EBITDA" and "Projected EBITDA" shall have the meanings set forth in the side letter, dated as of June 10, by and among the Company, EXTEL and the Sellers).
Sample 1
Additional Performance Bonus. In addition to the EPIP Bonus, with respect to each calendar year during the Employment Period, the Executive shall be paid an additional performance bonus (the "Additional Performance Bonus") based on his performance against the Exceptional Performance Target developed for the EPIP Bonus for such year. The Exceptional Performance Target amount for such bonus shall be $1,000,000. To the extent that the Executive achieves objectives that exceed the Performance Target, but are less than the Exceptional Performance Target, the amount of the Additional Performance Bonus shall be pro-rated. The Executive's Additional Performance Bonus for each calendar year, if any, shall be payable by February 28th of the following year.
Sample 1
Additional Performance Bonus. Without limiting anything set forth in this Section 2, you also will be eligible to earn an additional $204,800 CAD with respect to each of calendar year 2023 and calendar year 2024 if the Company achieves both (i) positive Adjusted EBITDA and positive Free Cash Flow for any three calendar quarters in the same calendar year (i.e., in 2023 or in 2024); and (ii) the YOY Net Revenue Goal for such calendar year, in each case, as determined by the Board or a subcommittee thereof. In no event shall more than $409,600 CAD be payable to you under this Section 2(c)(iv). (v)
Sample 1
Additional Performance Bonus. Without limiting anything set forth in this Section 2, you also will be eligible to earn an additional $150,000 with respect to each of calendar year 2023 and calendar year 2024 if the Company achieves both (i) positive Adjusted EBITDA and positive Free Cash Flow for any three calendar quarters in the same calendar year (i.e., in 2023 or in 2024); and (ii) the YOY Net Revenue Goal for such calendar year, in each case, as determined by the Board or a subcommittee thereof. In no event shall more than $300,000 be payable to you under this Section 2(c)(iv). DocuSign Envelope ID: 8B828744-057E-4D64-8959-AB32E6980619
Sample 1

Related to Additional Performance Bonus

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Annual Performance Review The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

  • Target Bonus Executive will be eligible to receive an annual bonus of up to forty percent (40%) of Executive’s Base Salary, less applicable withholdings, upon achievement of performance objectives to be determined by the Board in its sole discretion (the “Target Bonus”). The Target Bonus, or any portion thereof, will be paid as soon as practicable after the Board determines that the Target Bonus has been earned, but in no event shall the Target Bonus be paid after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which the Target Bonus is earned or (ii) March 15 following the calendar year in which the Target Bonus is earned.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

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