Amount of Bonus. The amount of a bonus under subsection (a) may not exceed $5,000.
Amount of Bonus. In addition to the Base Salary payable to the --------------- Employee in each of Years One and Two, the Employee shall be entitled to receive a bonus for each such year as the Board of Directors shall determine in its sole and absolute discretion.
Amount of Bonus. Subject to the eligibility provided in this Agreement, Employee shall be entitled to receive a lump sum cash payment in an amount equal to $527,234, less standard deductions and withholdings (the “Bonus”). The Bonus represents approximately the amount of severance and retention payments the Employee would have currently been eligible to receive under the Prior Agreements under the circumstances described in such Prior Agreements. For the avoidance of doubt, as a condition to receipt of the Bonus, the Employee shall have no further right or entitlement to any potential severance, payments or other benefits under the Prior Agreements.
Amount of Bonus. The amount of a reten- tion bonus paid under this section may not be more than $15,000 for each year covered by the agreement.
Amount of Bonus. The amount of the Merit Bonus shall be determined on the basis of the Company's operating cash flow for each fiscal year ending during the term of this Agreement. The amount of the Merit Bonus shall be determined as follows: Amount of Cash Flow Amount of Merit Bonus $1,000,000, or more, and less than $2,000,000 25% of base salary $2,000,000, or more, and less than $3,000,000 50% of base salary $3,000,000 or more 75% of base salary For purposes of calculating the amount of the Merit Bonus, the term "base salary" shall be the annual salary under Section 5.1.1 hereof for the fiscal year with respect to which the Merit Bonus is payable.
Amount of Bonus. If ratio is less than 18% 0 If ratio is at least 18% but less than 28% 1.125% of Before-Tax Net Income for the 12-month Performance Period in excess of 18% of Total Stockholders’ Equity for that Performance Period, multiplied by the applicable Bonus Factor If Ratio is at least 28% but less than 38% The product of (A) 1.125% of Before-Tax Net Income for the 12-month Performance Period in excess of 18% but not in excess of 28% of Total Stockholders’ Equity for that Performance Period, plus 0.75% of Before-Tax Net Income for the 12-month Performance Period in excess of 28% of Total Stockholders’ Equity for that Performance Period, multiplied by (B) the applicable Bonus Factor If Ratio is at least 38% The product of (A) 1.125% of Before-Tax Net Income for the 12-month Performance Period in excess of 18% but not in excess of 28% of Total Stockholders’ Equity for that Performance Period, plus 0.75% of Before-Tax Net Income for the 12-month Performance Period in excess of 28% but not in excess of 38% of Total Stockholders’ Equity for that Performance Period, plus 0.60% of Before-Tax Net Income for the 12-month Performance Period in excess of 38% of Total Stockholders’ Equity for that Performance Period, multiplied by (B) the applicable Bonus Factor The amount of any Bonus payable for a 12-month Performance Period shall be reduced by amounts previously paid to Executive for the 6-month Performance Period that occurred within that year.
Amount of Bonus. If ratio is less than 9% 0 If ratio is at least 9% but less than 14% 1.125% of Before-Tax Net Income for the 6-month Performance Period in excess of 9% of Total Stockholders’ Equity for that Performance Period If ratio is at least 14% but less than 19% 1.125% of Before-Tax Net Income for the 6-month Performance Period in excess of 9% but not in excess of 14% of Total Stockholders’ Equity for that Performance Period, plus 0.75% of Before-Tax Net Income for the 6-month Performance Period in excess of 14% of Total Stockholders’ Equity for that Performance Period If ratio is at least 19% 1.125% of Before-Tax Net Income for the 6-month Performance Period in excess of 9% but not in excess of 14% of Total Stockholders’ Equity for that Performance Period, plus 0.75% of Before-Tax Net Income for the 6-month Performance Period in excess of 14% but not in excess of 19% of Total Stockholders’ Equity for that Performance Period, plus 0.60% of Before-Tax Net Income for the 6-month Performance Period in excess of 19% of Total Stockholders’ Equity for that Performance Period However, in no event shall the Bonus paid to Executive for the 6-month Performance Period exceed 80% of his Base Salary for the calendar year in which the 6-month Performance Period falls.
Amount of Bonus. The bonus shall be in an amount equal to $660,000 (3) times the annual base salary set forth in Section 5(a) above (the “Retention Bonus”) less applicable taxes, payable as follows:
(i) An amount equal to twenty-five percent (25%) of said Retention Bonus, less applicable withholding taxes, shall be paid to Employee in cash within thirty (30) days of the effective date of the Merger.
(ii) Seventy-five percent (75%) of the Retention Bonus shall be paid to Employee in the form of an award of restricted shares of HHC common stock (the “Restricted Shares”), to be awarded on the day immediately following the effective date of the Merger (the “Award Date”). The number of Restricted Shares awarded shall be determined based on the closing value of the common stock as of the last day immediately preceding the Award Date on which the stock is traded. The Restricted Shares will vest three years and one day after the effective date of the Merger, provided Employee remains employed by Employer on that date (the “vesting date”). In the event of the death or disability of Employee prior to the vesting date, Employee’s estate or curator shall vest in the Restricted Shares as follows: (1) one hundred percent (100%) if Employee had completed ten (10) or more continuous years of service, taking into consideration both her service with Employer and her service with WHC and or WNB before the Merger, or (2) if the preceding condition is not met, a pro rata portion of the Restricted Shares based on the number of years since the effective date of the Merger. In addition, in the event Employee’s employment is involuntarily terminated by the Employer after the Term but prior to the vesting date, Employee shall vest in a pro rata portion of the Restricted Shares based on the number of years since the effective date of the Merger. Until Employee becomes vested in the Restricted Shares, the Restricted Shares will be held in escrow for the benefit of Employee and may not be encumbered or transferred by Employee. During the restricted period, Employee shall be entitled to dividends and voting rights on the Restricted Shares and, in the event of Employee’s termination of employment for any reason, the Restricted Shares shall be forfeited, except for the pro rata portion which vests on death or disability or on involuntary termination for other than Cause as herein provided.
Amount of Bonus. The annual Bonus will be twenty percent (20%) of Compensation accrued monthly. In addition, any shortfall in the Company’s matching portion of any 401(k) contributions on the Executive’s behalf due to ERISA or other Federal tax limitations will be added to the annual Bonus amount based on annual review. The Board of Directors will retain the right to increase the Bonus amount in any given year at the Board’s discretion.
Amount of Bonus. If ratio is less than 18% 0 If ratio is at least 18% but less than 28% 1.125% of Before-Tax Net Income for the 12-month Performance Period in excess of 18% of Total Stockholders’ Equity for that Performance Period If Ratio is at least 28% but less than 38% 1.125% of Before-Tax Net Income for the 12-month Performance Period in excess of 18% but not in excess of 28% of Total Stockholders’ Equity for that Performance Period, plus 0.75% of Before-Tax Net Income for the 12-month Performance Period in excess of 28% of Total Stockholders’ Equity for that Performance Period If Ratio is at least 38% 1.125% of Before-Tax Net Income for the 12-month Performance Period in excess of 18% but not in excess of 28% of Total Stockholders’ Equity for that Performance Period, plus 0.75% of Before-Tax Net Income for the 12-month Performance Period in excess of 28% but not in excess of 38% of Total Stockholders’ Equity for that Performance Period, plus 0.60% of Before-Tax Net Income for the 12-month Performance Period in excess of 38% of Total Stockholders’ Equity for that Performance Period The amount of any Bonus payable for a 12-month Performance Period shall be reduced by amounts previously paid to Executive for the 6-month Performance Period that occurred within that year. Any Bonus amount up to 150% of Executive’s Base Salary for the applicable year will be paid in cash. Any Bonus amount exceeding 150% of Executive’s Base Salary will be paid in the form of restricted stock in accordance with Section 5 of the 1999 Incentive Compensation Plan (except the threshold for the restricted stock grant will be 150% of Base Salary instead of 200% as is the default in that Section).
