Annual Bonus Awards Sample Clauses

Annual Bonus Awards. Parent shall cause the annual bonus opportunities with respect to the Company's fiscal year ending February 3, 2001 under the Company's Management Incentive Plan and 2000 Long-Term Incentive Program to remain in place, subject to such reasonable adjustments in the performance targets as Parent determines are necessary to reflect consummation of the transactions contemplated by this Agreement.
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Annual Bonus Awards. For fiscal years ending after September 30, 2000, the Executive shall be eligible and permitted, during the Employment Period, to participate in any annual bonus plans and similar benefit that may be available to other senior executives of the Corporation generally, on the same terms and conditions as such other executives.
Sample 1
Annual Bonus Awards. The Executive shall be eligible and permitted, during the Employment Period, to participate in the annual Executive Bonus Plan and similar plans that may be eligible to other senior executives of the Corporation generally, on the same terms and conditions as such other executives. The target bonus award shall be 100% of base salary.
Sample 1
Annual Bonus Awards. While the Executive is employed by the Company hereunder, the Executive shall be entitled to receive annual bonus awards paid by the Company. Beginning with the fiscal year that commences on April 1, 2001 and for each complete fiscal year thereafter during which the Executive is employed by the Company hereunder, the Company shall pay to the Executive as an annual bonus (the "Bonus Award") an amount that shall be a percentage of the Executive's Base Salary at the end of each such fiscal year determined according to the following table: Percentage Fiscal Year End 0% to 20% March 31, 2002 0% to 30% March 31, 2003 0% to 40% March 31, 2004 0% to 50% March 31, 2005 The amount of the Executive's annual Bonus Award shall be determined by the Board in its sole and absolute discretion within the percentages set forth above pursuant to criteria established by the Board and shall be based on both (i) the financial performance achieved by the Company during the applicable fiscal year as measured by either the Company's attainment of its business plan goals or other standards as established by the Board in its sole and absolute discretion after consultation with the Executive before such fiscal year, and (ii) the Executive's attainment of his personal objectives as established by the Board in its sole and absolute discretion after consultation with the Executive before such fiscal year. The Board shall make its determination of the amount of the Executive's annual Bonus Award, if any, within 30 days following the end of each fiscal year, which Bonus Award shall be paid to the Executive within 60 days following the end of such fiscal year.
Sample 1
Annual Bonus Awards. During the Employment Period, but only with respect to the fiscal years ended December 31, 2001, 2002, 2003 and 2004 (the "Bonus Period"), the Executive shall be eligible to receive various annual bonus awards following the end of each such fiscal year, all on the terms and conditions set forth in this Section 2(b)(iii).
Sample 1
Annual Bonus Awards. While the Executive is employed by the Company hereunder, the Executive shall be eligible to participate in the Company's Management Incentive Plan (the "Incentive Plan"). Beginning with the fiscal year that commences on March 1, 1997 and for each fiscal year thereafter during which the Executive is eligible to participate in the Incentive Plan, the Company shall pay to the Executive as an annual bonus (the "Bonus Award"), if approved by the Compensation Committee in its discretion, a minimum of 15 percent of the Executive's Base Salary and a maximum of 100 percent of his Base Salary (or such higher maximum established by the Compensation Committee), with 65 percent of the Executive's Base Salary being his target annual Bonus Award. The amount of the Executive's annual Bonus Award as determined by the Compensation Committee in its discretion shall be based on the financial performance achieved by the Company during the applicable fiscal year as measured by either the Company's attainment of its business plan goals or other standards as established by the Compensation Committee in its discretion from time to time. The Compensation Committee shall make its determination of the amount of the Executive's annual Bonus Award, if any, within 60 days following the end of each fiscal year, which Bonus Award shall be paid to the Executive within 90 days following the end of such fiscal year. Except as modified by the provisions of this Section 3(b) and of Section 6(b), Section 6(c), and Section 6(d) hereof, payments of annual Bonus Awards to the Executive by the Company shall be governed by the terms of the Company's Incentive Plan as it is in effect from time to time. (c)
Sample 1
Annual Bonus Awards 
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Related to Annual Bonus Awards

  • 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.

  • 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 Bonuses The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • 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.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • 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.

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

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