Annual Bonus Amount Clause Samples

The Annual Bonus Amount clause defines the specific sum or calculation method for an employee's yearly bonus. Typically, this clause outlines whether the bonus is a fixed amount or determined by performance metrics, company profits, or other criteria, and may specify payment timing or eligibility requirements. Its core function is to provide clear expectations regarding bonus compensation, reducing ambiguity and potential disputes between employer and employee.
Annual Bonus Amount. Up to 60% of Adjusted Base Salary; Formula to ------------------- approximate that of other senior executive officers.
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Annual Bonus Amount. Employee shall be entitled to be paid an ------------------- annual bonus amount (the "Annual Bonus Amount") in respect of each calendar year beginning with the 1997 calendar year as further specified and described on Schedule B attached hereto. The Annual Bonus Amount shall be deemed earned as ---------- of December 31 of the applicable calendar year and shall be due and payable, subject to all applicable withholding and deductions, within 31 days following the end of the calendar year to which such Annual Bonus Amount relates based upon the Company's good faith preliminary estimate thereof for such calendar year; provided, that upon certification by the Company's auditors of the -------- Company's consolidated financial statements for such calendar year, the definitive Annual Bonus Amount for such calendar year shall be determined by the Company and the Company shall promptly pay to Employee (in the case the preliminary estimate resulted in an underpayment), or the Employee shall promptly repay to the Company (in the case the preliminary estimate resulted in an overpayment), the amount necessary to provide Employee with full payment of the definitive Annual Bonus Amount as finally determined in accordance with such audited consolidated financial statements for such calendar year.
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Annual Bonus Amount. The average of the annual target bonuses applicable to the Executive during the three calendar years preceding the calendar year in which the Qualifying Termination occurs.
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Annual Bonus Amount. (1) In the event the Date of Termination occurs prior to a Change in Control, the Annual Bonus Amount shall be the average of the actual regular annual cash bonuses paid or payable to Employee with respect to the two fiscal years of the Company immediately preceding the fiscal year in which the Date of Termination occurs (or such lesser number of fiscal years as Employee may have been employed by the Company preceding the fiscal year in which the Date of Termination occurs) (the “Actual Bonus Amount”); provided, however, that in the event the Employee was not employed with the Company prior to the fiscal year in which the Date of Termination occurs, the Annual Bonus Amount shall equal the target bonus amount established for Employee for the fiscal year in which the Date of Termination occurs, or, if none, an amount equal to 80% of Employee’s Base Salary (the target bonus amount or percent of salary being the “Assumed Bonus Amount”). (2) In the event the Date of Termination occurs following a Change in Control, the Annual Bonus Amount shall be the greater of (i) the Actual Bonus Amount, or (ii) the Assumed Bonus Amount.
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Annual Bonus Amount. (1) In the event the Date of Termination occurs prior to a Change in Control, the Annual Bonus Amount shall be the average of the actual regular annual cash bonuses paid or payable to Employee with respect to the two fiscal years of the Company immediately preceding the fiscal year in which the Date of Termination occurs (or such lesser number of fiscal years as Employee may have been employed by the Company preceding the fiscal year in which the Date of Termination occurs); provided, however, that in the event the Employee was not employed with the Company prior to the fiscal year in which the Date of Termination occurs, the Annual Bonus Amount shall equal the target bonus amount established for Employee for the fiscal year in which the Date of Termination occurs, or, if none, an amount equal to 20% of Employee’s Base Salary (the target bonus amount or percent of salary described above being the “Assumed Bonus Amount”). (2) In the event the Date of Termination occurs following a Change in Control, the Annual Bonus Amount shall be the greater of (i) the Annual Bonus Amount as calculated in Section 1.1(a)(1) above, or (ii) the Assumed Bonus Amount.
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Annual Bonus Amount. The Target-level award payable to the Executive for the year in which the Relevant Date occurred (or, if not then established, for the preceding year) or, if higher, for any subsequent year that begins before the Qualified Termination of Employment, under the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Corporation Executive Officer Achievement Award Program or the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Corporation Management Achievement Award Program, as applicable, or any successor or additional plan.
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Annual Bonus Amount. (1) In the event the Date of Termination occurs following a Change in Control, the Annual Bonus Amount shall be the greater of (i) the Annual Bonus Amount as calculated in Section 1.1(a)(2) below, or (ii) the Assumed Bonus Amount as defined in Section 1.1(a)(2) below. (2) The Annual Bonus Amount shall be the average of the actual regular annual cash bonuses paid or payable to Employee with respect to the two fiscal years of the Company immediately preceding the fiscal year in which the Date of Termination occurs (or such lesser number of fiscal years as Employee may have been employed by the Company preceding the fiscal year in which the Date of Termination occurs); provided, however, that in the event the Employee was not employed with the Company prior to the fiscal year in which the Date of Termination occurs, the Annual Bonus Amount shall equal the target bonus amount established for Employee for the fiscal year in which the Date of Termination occurs, or, if none, an amount equal to 20% of Employee’s Base Salary (the target bonus amount or percent of salary described above being the “Assumed Bonus Amount”).
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Annual Bonus Amount. 1. In the event the Date of Termination occurs prior to a Change in Control, the Annual Bonus Amount shall be the average of the actual regular annual cash bonuses paid or payable to Employee with respect to the two fiscal years of the Company immediately preceding the fiscal year in which the Date of Termination occurs (or such lesser number of fiscal years as Employee may have been employed by the Company preceding the fiscal year in which the Date of Termination occurs) (the “Actual Bonus Amount“); provided, however, that in the event the Date of Termination occurs in 2013, the Annual Bonus Amount shall equal $100.000.00. 2. In the event the Date of Termination occurs following a Change in Control the Annual Bonus Amount shall be the greater of (i) the Actual Bonus Amount, or (ii) $100,000.00.
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Annual Bonus Amount. The Annual Bonus Amount shall be the average of the actual regular annual cash bonuses paid or payable to Executive with respect to the two calendar years of the Company immediately preceding the calendar year in which the Date of Termination occurs (or such lesser number of calendar years as Executive may have been employed by the Company preceding the calendar year in which the Date of Termination occurs); provided, however, that in the event the Executive was not employed with the Company prior to the calendar year in which the Date of Termination occurs, the Annual Bonus Amount shall equal the target bonus amount established for Executive for the calendar year in which the Date of Termination occurs (the target bonus amount described above being the “Assumed Bonus Amount”).
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Related to Annual Bonus Amount

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • 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 Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you 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 such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • 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);

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.