Annual Bonus Programs. In addition to the Base Salary, Executive shall be eligible to participate throughout the Term in such annual bonus plans and programs ("ANNUAL BONUS PROGRAMS"), as may be in effect from time to time in accordance with the Company's compensation practices and the terms and provisions of any such plans or programs; provided that Executive's eligibility for and participation in each Annual Bonus Program shall be at a level and on terms and conditions no less favorable than those for other senior executives, excluding the Portfolio Managers Incentive Plan applicable to senior executives of the Company with portfolio management responsibilities. If Executive achieves his target performance goals, as determined by the Compensation Committee on an annual basis, Executive shall have a target annual bonus ("TARGET BONUS") under such Annual Bonus Programs equal to not less than 200% of his Base Salary and a maximum annual bonus opportunity equal to not less than 150% of such Target Bonus.
Appears in 2 contracts
Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/), Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)
Annual Bonus Programs. In addition to the Base Salary, Executive shall be eligible to participate throughout the Term in such annual bonus plans and programs ("ANNUAL BONUS PROGRAMS"), as may be in effect from time to time in accordance with the Company's compensation practices and the terms and provisions of any such plans or programs; provided that Executive's eligibility for and participation in each Annual Bonus Program shall be at a level and on terms and conditions no less favorable than those for other senior executives, excluding including, but not limited to, the Portfolio Managers Incentive Plan applicable to senior executives of the Company with portfolio management responsibilities. If Executive achieves his target performance goals, as determined by the Compensation Committee on an annual basis, Executive shall have a target annual bonus ("TARGET BONUS") under such Annual Bonus Programs equal to not less than 200500% of his Base Salary and a maximum annual bonus opportunity equal to not less than 150% of such Target Bonus.
Appears in 1 contract
Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)
Annual Bonus Programs. In addition to the Base Salary, Executive shall be eligible to participate throughout the Term in such annual bonus plans and programs ("ANNUAL BONUS PROGRAMS"), as may be in effect from time to time in accordance with the Company's compensation practices and the terms and provisions of any such plans or programs; provided that Executive's eligibility for and participation in each Annual Bonus Program shall be at a level and on terms and conditions no less favorable than those for other senior executives, excluding including, but not limited to, the Portfolio Managers Incentive Plan applicable to senior executives of the Company with portfolio management responsibilities. If Executive achieves his target performance goals, as determined by the Compensation Committee on an annual basis, Executive shall have a target annual bonus ("TARGET BONUS") under such Annual Bonus Programs equal to not less than 200% [___](2)% of his Base Salary and a maximum annual bonus opportunity equal to not less than 150% of such Target Bonus.
Appears in 1 contract
Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)
Annual Bonus Programs. In addition to the Base Salary, Executive shall be eligible to participate throughout the Term in such annual bonus plans and programs ("ANNUAL BONUS PROGRAMS"“Annual Bonus Programs”), as may be in effect from time to time in accordance with the Company's ’s compensation practices and the terms and provisions of any such plans or programs; provided that Executive's ’s eligibility for and participation in each Annual Bonus Program shall be at a level and on terms and conditions no less favorable than those for other senior executives, excluding the Portfolio Managers Incentive Plan applicable to senior executives of the Company with portfolio management responsibilities. If Executive achieves his target performance goals, as determined by the Compensation Committee on an annual basis, Executive shall have a target annual bonus ("TARGET BONUS"“Target Bonus”) under such Annual Bonus Programs equal to not less than 200% of his Base Salary and a maximum annual bonus opportunity equal to not less than 150% of such Target Bonus.
Appears in 1 contract
Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)
Annual Bonus Programs. In addition to the Base Salary, Executive shall be eligible to participate throughout the Term in such annual bonus plans and programs ("ANNUAL BONUS PROGRAMS"“Annual Bonus Programs”), as may be in effect from time to time in accordance with the Company's ’s compensation practices and the terms and provisions of any such plans or programs; provided that Executive's ’s eligibility for and participation in each Annual Bonus Program shall be at a level and on terms and conditions no less favorable than those for other senior executives, excluding the Portfolio Managers Incentive Plan applicable to senior executives of the Company with portfolio management responsibilities. If Executive achieves his target performance goals, as determined by the Compensation Committee on an annual basis, Executive shall have a target annual bonus ("TARGET BONUS"“Target Bonus”) under such Annual Bonus Programs equal to not less than 200300% of his Base Salary and a maximum annual bonus opportunity equal to not less than 150% of such Target Bonus.
Appears in 1 contract
Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)
Annual Bonus Programs. In addition to the Base Salary, Executive shall be eligible to participate throughout the Term in such annual bonus plans and programs ("ANNUAL BONUS PROGRAMS"), as may be in effect from time to time in accordance with the Company's compensation practices and the terms and provisions of any such plans or programs; provided that Executive's eligibility for and participation in each Annual Bonus Program shall be at a level and on terms and conditions no less favorable than those for other senior executives, excluding the Portfolio Managers Incentive Plan applicable to senior executives of the Company with portfolio management responsibilities. If Executive achieves his target performance goals, as determined by the Compensation Committee on an annual basis, Executive shall have a target annual bonus ("TARGET BONUS") under such Annual Bonus Programs equal to not less than 200% [___]%(2) of his Base Salary and a maximum annual bonus opportunity equal to not less than 150% of such Target Bonus.
Appears in 1 contract
Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)
Annual Bonus Programs. In addition to the Base Salary, Executive shall be eligible to participate throughout the Term in such annual bonus plans and programs ("ANNUAL BONUS PROGRAMS"), as may be in effect from time to time in accordance with the Company's compensation practices and the terms and provisions of any such plans or programs; provided that Executive's eligibility for and participation in each Annual Bonus Program shall be at a level and on terms and conditions no less favorable than those for other senior executives, excluding including, but not limited to, the Portfolio Managers Incentive Plan applicable to senior executives of the Company with portfolio management responsibilities. If Executive achieves his target performance goals, as determined by the Compensation Committee on an annual basis, Executive shall have a target annual bonus ("TARGET BONUS") under such Annual Bonus Programs equal to not less than 200600% of his Base Salary and a maximum annual bonus opportunity equal to not less than 150% of such Target Bonus.
Appears in 1 contract
Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)