Common use of Annual Bonus Eligibility Clause in Contracts

Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s annual bonus program under which Employee’s target bonus shall equal at least sixty percent (60%) of Employee’s Base Salary. Payment of any bonus shall depend upon individual and company performance, all as determined by Employer in its sole discretion. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

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Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s annual bonus program under which Employee’s target bonus shall equal at least sixty ninety percent (6090%) of Employee’s Base Salary. Payment of any bonus shall depend upon individual and company performance, all as determined by Employer in its sole discretiondiscretion and shall be subject to clawback under applicable law. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s annual bonus program under which Employee’s target bonus shall equal at least sixty percent (60%) of Employee’s Base Salary. Payment of any bonus shall depend upon individual and company performance, all as determined by Employer in its sole discretion. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s annual bonus program under which Employee’s target bonus shall equal at least sixty percent (60%) of Employee’s Base Salary. Payment of any bonus shall depend upon individual and company performance, all as determined by Employer in its sole discretionand shall be subject to management discretion and clawback under applicable law. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each yearyear and shall provide Employee with an opportunity to earn up to two (2) times Employee’s target bonus.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s annual bonus program under which Employee’s target bonus shall equal at least sixty seventy-five percent (6075%) of Employee’s Base Salary. Payment of any bonus shall depend upon individual and company performance, all as determined by Employer in its sole discretiondiscretion and shall be subject to clawback under applicable law. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each yearyear and shall provide Employee with an opportunity to earn up to two (2) times Employee’s target bonus.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

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Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s 's annual bonus program under which Employee’s 's target bonus shall equal at least sixty eighty percent (6080%) of Employee’s 's Base Salary. Payment of any bonus shall depend upon individual and company performance, all as determined by Employer in its sole discretion. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s 's annual bonus program under which Employee’s target bonus shall equal at least sixty sixty-five percent (6065%) of Employee’s 's Base Salary. Payment of any bonus shall depend upon individual and company performance, all as determined by Employer in its sole discretiondiscretion and shall be subject to claw back under applicable law. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s annual 's. Annual bonus program under which Employee’s 's target bonus shall equal at least sixty fifty percent (6050%) of Employee’s 's Base Salary. Payment of any bonus shall depend upon individual and company performance, all as determined by Employer in its sole discretion. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year.

Appears in 1 contract

Samples: Employment Agreement (First Solar, Inc.)

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