Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the Company’s annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2019 a full year annual bonus taking into consideration the above Annual Base Salary with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof (“Annual Bonus”). Employee’s target Annual Bonus shall be 100% of the Employee’s then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200% of the Employees’ then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company. Employee’s Annual Bonus is subject to any Company policy. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by the Company Board or a committee thereof, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Appears in 2 contracts
Samples: Employment Agreement (Dun & Bradstreet Holdings, Inc.), Employment Agreement (Dun & Bradstreet Holdings, Inc.)
Annual Bonus Opportunity. Employee shall not be entitled to a bonus during the period of his employment prior to the Closing Date with the Company. After the Closing Date, Employee shall be eligible to receive an annual incentive bonus opportunity under the CompanyD&B’s annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the CompanyD&B, including for calendar year 2019 a full year annual bonus taking into consideration the above Annual Base Salary with such opportunity to be earned based upon attainment of performance objectives established by the Company D&B Board or a committee thereof (“Annual Bonus”). Employee’s target Annual Bonus shall be 100150% of the Employee’s then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200300% (two times up to 150%) of the Employees’ then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the CompanyD&B, but may not be decreased without Employee’s express written consent. Employee’s Annual Bonus is subject to any Company D&B policy. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by the Company D&B Board or a committee thereof, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company D&B or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company D&B during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the CompanyD&B’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Appears in 1 contract
Samples: Employment Agreement (Dun & Bradstreet Holdings, Inc.)
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the CompanyBlack Knight Financial Services I, LLC’s (“BKFS I”) annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including a bonus for the full twelve month period for calendar year 2019 a full year annual bonus taking into consideration the above Annual Base Salary with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof 2015 (“Annual Bonus”). Employee’s target Annual Bonus shall be 100% of the Employee’s then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200% of the Employees’ Employee’s then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee’s express written consent. Employee’s Annual Bonus is subject to the Company’s and Fidelity National Financial, Inc.’s (“FNF”) clawback policy, pursuant to which the Company and FNF may recoup all or a portion of any Company policybonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that the Compensation Committee determines negatively affects the business results on which the bonus was based. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by if the Board of Directors of the Company or the Compensation Committee of the Company’s Board or a committee thereofof Directors determines otherwise, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;.
Appears in 1 contract
Samples: Employment Agreement (Black Knight Financial Services, Inc.)
Annual Bonus Opportunity. Employee Executive will be eligible for an annual discretionary bonus in a target amount determined in accordance with the Executive Bonus Plan (currently pending) established by the Company, as may be amended from time to time (“Target Bonus”) (as of the date hereof, the target amount for Executive’s position is equal to one hundred percent (100%) of his then current Base Salary), the payment of which shall be determined based on the satisfaction of performance metrics for management bonuses generally established by the Board of Directors (the “Board”) of Wheels Up Partners Holdings LLC or its successor entity (“Holdings”), which account for the Company’s satisfying its budget and growth projection and individual performance (based in part on consultation with Executive) at target levels. The Company anticipates that such metrics shall be developed by the Board for each budget year during the Term, and until such time as they are adopted, Executive’s right to the annual bonus shall be determined in the sole discretion of the Board. In the event that applicable individual, Company or other performance goals are achieved at a level that exceeds target levels for an applicable fiscal year, the Executive will be eligible to earn an annual bonus in excess of the Target Bonus amount in the same manner as other similarly situated senior executives of the Company are generally eligible for such increased bonus. In the event that applicable individual, Company or other performance goals are achieved at a level below target levels but in excess of a threshold level for an applicable fiscal year as may be determined by the Board in its sole discretion, the Executive will be eligible to earn an annual bonus, if any, in an amount less than the Target Bonus in the same manner as other similarly situated senior executives of the Company are generally eligible for such a partial bonus. Any annual bonus payable hereunder shall be paid not later than March 15 of the year following the year to which it relates. The Board’s good faith determination of Executive’s eligibility to receive an annual incentive bonus opportunity under and the Company’s annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee calculation of the Company, including for calendar year 2019 a full year any such bonus shall be final and conclusive. The annual bonus taking into consideration amounts for the above Annual Base Salary with such opportunity to be earned based upon attainment first year of performance objectives established by employment are guaranteed at the Company Board or a committee thereof (“Annual Bonus”). Employee’s target Annual current Target Bonus shall be 100% of the Employee’s then current Annual Base Salary level and Employee’s maximum Annual Bonus shall be 200% of the Employees’ then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company. Employee’s Annual Bonus is subject to any Company policy. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by the Company Board or a committee thereof, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus prorated based on Employee’s period date of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;hire.
Appears in 1 contract
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the Company’s annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2019 2022 a full year annual bonus taking into consideration the above Annual Base Salary with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof (“"Annual Bonus”"). Employee’s 's target Annual Bonus shall be 100110% of the Employee’s 's then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200% of the Employees’ then current target Annual Base Salary Bonus (the Annual Bonus is referred to as the “"Annual Bonus Opportunity”"). Employee’s 's Annual Bonus Opportunity may be periodically reviewed and increased by the Company. Employee’s Annual Bonus is subject to any Company policy. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by the Company Board or a committee thereof, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Appears in 1 contract
Samples: Employment Agreement (Dun & Bradstreet Holdings, Inc.)
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the Company’s annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2019 a full year annual bonus taking into consideration the above Annual Base Salary with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof Company’s Compensation Committee (“Annual Bonus”). Employee’s target Annual Bonus shall be 100200% of the Employee’s then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200600% (two times up to 300%) of the Employees’ then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus OpportunityOppo1tunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee’s express written consent. Employee’s Annual Bonus is subject to Company’s claw back policy, pursuant to which the Company may recoup all or a portion of any Company policybonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that the Compensation Committee determines negatively affects the business results on which the bonus was based. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by the Company Board or a committee thereofCompensation Committee of Company, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Appears in 1 contract
Samples: Employment Agreement (Dun & Bradstreet Holdings, Inc.)
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the CompanyBKFS’s annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2019 2013 a full partial year pro-rata annual bonus taking into consideration based on Employee’s period of employment with the above Annual Base Salary Company with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof BKFS Compensation Committee (“Annual Bonus”). Employee’s target Annual Bonus shall be 100% of two times the Employee’s then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200% four times of the Employees’ then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee’s express written consent. Employee’s Annual Bonus is subject to the Company’s and Fidelity National Financial, Inc.’s (“FNF”) clawback policy, pursuant to which the Company and FNF may recoup all or a portion of any Company policybonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that the Compensation Committee determines negatively affects the business results on which the bonus was based. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by if the Board of Directors of the Company or the Compensation Committee of the Company’s Board or a committee thereofof Directors determines otherwise, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Appears in 1 contract
Samples: Employment Agreement (Black Knight Financial Services, Inc.)
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the CompanyBlack Knight Financial Services, LLC’s (“BKFS”) annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2019 2015 a full year blended annual bonus taking into consideration based on Employee’s respective salary during the above Annual Base Salary course of the year with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof (“Annual Bonus”). Employee’s target Annual Bonus shall be 100% of the Employee’s then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200% of the Employees’ then current Employee’s Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee’s express written consent. Employee’s Annual Bonus is subject to the Company’s and Fidelity National Financial, Inc.’s (“FNF”) clawback policy, pursuant to which the Company and FNF may recoup all or a portion of any Company policybonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that the Compensation Committee determines negatively affects the business results on which the bonus was based. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by if the Board of Directors of the Company or the Compensation Committee of the Company’s Board or a committee thereofof Directors determines otherwise, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;.
Appears in 1 contract
Samples: Employment Agreement (Black Knight Financial Services, Inc.)
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the CompanyBlack Knight Financial Services 1, LLC’s (“BKFS r) annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2019 2013 a full partial year pro-rata annual bonus taking into consideration based on Employee’s period of employment with the above Annual Base Salary Company with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof (“Annual Bonus”). Employee’s target Annual Bonus shall be 100% of the Employee’s then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200% of the Employees’ Employee’s then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee’s express written consent. Employee’s Annual Bonus is subject to the Company’s and Fidelity National Financial, Inc.’s (“FNF”) clawback policy, pursuant to which the Company and FNF may recoup all or a portion of any Company policybonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that the Compensation Committee determines negatively affects the business results on which the bonus was based. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by if the Board of Directors of the Company or the Compensation Committee of the Company’s Board or a committee thereofof Directors determines otherwise, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Appears in 1 contract
Samples: Employment Agreement (Black Knight Financial Services, Inc.)
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the CompanyBlack Knight Financial Services I, LLC’s (“BKFS I”) annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2019 2013 a full partial year pro-rata annual bonus taking into consideration based on Employee’s period of employment with the above Annual Base Salary Company with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof (“Annual Bonus”). Employee’s target Annual Bonus opportunity shall be 10050% of the Employee’s then current Annual Base Salary and the Employee’s maximum Annual Bonus opportunity shall be 200100% of the Employees’ Employee’s then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee’s express written consent. Employee’s Annual Bonus is subject to the Company’s and Fidelity National Financial, Inc.’s (“FNF”) clawback policy, pursuant to which the Company and FNF may recoup all or a portion of any Company policybonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that the Compensation Committee determines negatively affects the business results on which the bonus was based. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by if the Board of Directors of the Company or the Compensation Committee of the Company’s Board or a committee thereofof Directors determines otherwise, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-pro- rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Appears in 1 contract
Samples: Employment Agreement (Black Knight Financial Services, Inc.)
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the Company’s annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2019 a full year annual bonus taking into consideration the above Annual Base Salary with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof Company’s Compensation Committee (“"Annual Bonus”"). Employee’s 's target Annual Bonus shall be 100200% of the Employee’s 's then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200600% (two times up to 300%) of the Employees’ then current Annual Base Salary (the Annual Bonus is referred to as the “"Annual Bonus Opportunity”"). Employee’s 's Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee's express written consent. Employee’s Annual Bonus is subject to any Company policythe Company’s Incentive-Based Compensation Recovery Policy. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by the Company Board or a committee thereofCompensation Committee of Company, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Appears in 1 contract
Samples: Employment Agreement (Dun & Bradstreet Holdings, Inc.)
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the CompanyBlack Knight Financial Services, LLC’s (“BKFS”) annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2019 a full year annual bonus taking into consideration the above Annual Base Salary Company with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof (“Annual Bonus”). Employee’s target Annual Bonus opportunity shall be 100% of the Employee’s then current Annual Base Salary and the Employee’s maximum Annual Bonus opportunity shall be 200% of the Employees’ Employee’s then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee’s express written consent. Employee’s Annual Bonus is subject to the Company’s and Fidelity National Financial, Inc.’s (“FNF”) clawback policy, pursuant to which the Company and FNF may recoup all or a portion of any Company policybonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that the Compensation Committee determines negatively affects the business results on which the bonus was based. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by if the Board of Directors of the Company or the Compensation Committee of the Company’s Board or a committee thereofof Directors determines otherwise, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Appears in 1 contract
Samples: Employment Agreement (Black Knight Financial Services, Inc.)
Annual Bonus Opportunity. Employee The Executive shall be eligible to receive an annual incentive bonus opportunity under the Company’s annual incentive plan for each calendar year included participate in the Employment Term during which Employee is an employee of Revlon Annual Executive Bonus Program as in effect from time to time (or such plan or plans, if any, as may succeed it) (the Company, including for calendar year 2019 a full year annual bonus taking into consideration the above Annual Base Salary with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof (“Annual BonusBonus Program”). Employee’s , with target Annual Bonus shall be bonus eligibility of 100% of the Employee’s then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200% of the Employees’ then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased for achieving performance objectives set by the Company. Employee’s Annual Bonus is Compensation Committee or its designee, subject to any Company policy. If owed pursuant to the terms and conditions of such Bonus Program, commencing with performance for the 2012 calendar year. In the event that the Executive’s employment shall terminate pursuant to Section 4.4 during any calendar year, the Executive’s bonus with respect to the year during which such termination occurs shall be pro-rated for the actual number of days of active employment during such year and such bonus, as pro-rated, shall be payable (i) if and to the extent bonuses are payable to executives under the Bonus Program for that year based upon achievement of the planobjectives set for that year and not including any discretionary bonus amounts which may otherwise be payable to other executives despite non-achievement of bonus objectives for such year, and (ii) on the date bonuses would otherwise be payable to executives under the Bonus Program. Notwithstanding anything herein or contained in the Bonus Program to the contrary, in the event that the Executive’s employment shall terminate pursuant to Section 4.4 during any calendar year, the Annual Bonus Executive shall be paid no later than entitled to receive his bonus (if eligible and not already paid) with respect to the March 15th first following year immediately preceding the calendar year of termination (if bonuses with respect to such year are payable to other executives based upon achievement of bonus objectives and not based upon discretionary amounts which the Annual Bonus relates. Except as otherwise provided otherwise herein or by the Company Board or a committee thereof, no Annual Bonus shall may be paid to Employee unless Employee is other executives despite non-achievement of bonus objectives) as and when such bonuses would otherwise be payable to executives under the Bonus Program, despite the fact that the Executive may not be actively employed by the Company or an affiliate thereof, on the last day such date of the measurement period; provided, however, that Employee payment. The Executive shall remain not be eligible for a pronew awards under the Third Amended and Restated Revlon, Inc. Stock Plan or long-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;term incentive compensation plan awards.
Appears in 1 contract
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under the CompanyBlack Knight Financial Services I, LLC’s (“BKFS I”) annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including a bonus for the full twelve month period for calendar year 2019 a full year annual bonus taking into consideration the above Annual Base Salary with such opportunity to be earned based upon attainment of performance objectives established by the Company Board or a committee thereof 2015 (“"Annual Bonus”"). Employee’s 's target Annual Bonus shall be 100% of the Employee’s 's then current Annual Base Salary and Employee’s maximum Annual Bonus shall be 200% of the Employees’ Employee’s then current Annual Base Salary (the Annual Bonus is referred to as the “"Annual Bonus Opportunity”"). Employee’s 's Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee's express written consent. Employee’s Annual Bonus is subject to the Company’s and Fidelity National Financial, Inc.’s (“FNF”) clawback policy, pursuant to which the Company and FNF may recoup all or a portion of any Company policybonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that the Compensation Committee determines negatively affects the business results on which the bonus was based. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or by if the Board of Directors of the Company or the Compensation Committee of the Company’s Board or a committee thereofof Directors determines otherwise, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;.
Appears in 1 contract
Samples: Employment Agreement (Fidelity National Financial, Inc.)