Common use of Annual Bonuses Clause in Contracts

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.

Appears in 24 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Privatebancorp Inc), Executive Employment Agreement (Royal Financial, Inc.)

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Annual Bonuses. For each fiscal calendar year during the term of employment, the Executive shall be eligible to receive a in cash an annual performance bonus in based upon the amount, if any, as may be determined terms of the Corporation's bonus plan from time to time for senior executives, as adopted by the Board in its discretionand administered by the Compensation Committee.

Appears in 15 contracts

Samples: Employment Agreement (Household International Inc), Employment Agreement (Household International Inc), Employment Agreement (Household International Inc)

Annual Bonuses. For With respect to each fiscal year of the Company during the term of employmentTerm, the Executive shall be eligible to receive an annual bonus with a target of 105% of his Base Salary, payable based on the achievement of corporate performance goals and/or other conditions that are established by the Compensation Committee of the Board and which are generally applicable with respect to annual bonuses for other senior executive officers of the Company. For purposes of the preceding sentence, the annual bonus in respect of fiscal year 2002 shall apply for the amountsix-month period commencing July 1, if any, as may 2002 and shall be determined from time to time by the Board in its discretionpro rated accordingly.

Appears in 4 contracts

Samples: Employment Agreement (Aes Corporation), Employment Agreement (Aes Corporation), Employment Agreement (Aes Corporation)

Annual Bonuses. For In addition to the Base Salary, in respect of each fiscal year during the term of employmentTerm beginning with the fiscal year ending June 30, 2007, the Executive shall be eligible to receive a bonus annual incentive compensation (the "Annual Bonus") in the amount, if any, as may an amount and/or percentage to be determined from time to time by the Board in its sole discretion, with a target at one hundred percent (100%) of the Base Salary, and subject to the attainment of performance criteria established by the Board.

Appears in 4 contracts

Samples: Employment Agreement (Kgen Power Corp), Employment Agreement (Kgen Power Corp), Employment Agreement (Kgen Power Corp)

Annual Bonuses. For each fiscal calendar year during the term of employment, the Executive shall be eligible to receive a in cash an annual performance bonus in the amount, if any, as may be determined from time to time set by the Board in its discretionBoard.

Appears in 3 contracts

Samples: Employment Agreement (Northwest Indiana Bancorp), Employment Agreement (Northwest Indiana Bancorp), Employment Agreement (Northwest Indiana Bancorp)

Annual Bonuses. For each of the fiscal year years during the term of employmentEmployment Period, the Executive shall be eligible to receive a for an annual performance bonus in an amount and subject to the amount, attainment of performance objectives (if any, as may be ) determined from time to time by the Board in its sole discretion. All of the provisions of the Employment Agreement not amended hereby shall remain in full force and effect.

Appears in 3 contracts

Samples: Employment Agreement (Da-Lite Screen Co Inc), Employment Agreement (Da-Lite Screen Co Inc), Employment Agreement (Da-Lite Screen Co Inc)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus payable in cash and/or in Parent’s common stock. The amount of the amountbonus shall be based on the achievement of certain operating and/or financial goals, if anyin accordance with the terms of a bonus plan adopted and administered by the Board for senior executives of the Parent and its subsidiaries, as which plan may be determined amended from time to time by the Board in its discretion. Executive’s target annual bonus for fiscal year 2006 will be equal to 0.60 times his current annual salary.

Appears in 2 contracts

Samples: Employment Agreement (Cpi International, Inc.), Employment Agreement (Cpi International, Inc.)

Annual Bonuses. For each fiscal year during During the term Term of employmentemployment hereunder, the Executive shall be eligible to receive a in cash an annual performance bonus in the amount, if any, as may be determined from time to time set by the Board in its discretionBoard.

Appears in 2 contracts

Samples: Employment Agreement (Finward Bancorp), Employment Agreement (Northwest Indiana Bancorp)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus payable in cash and/or in Parent’s common stock. The amount of the amountbonus shall be based on the achievement of certain operating and/or financial goals, if anyin accordance with the terms of a bonus plan adopted and administered by the Board for senior executives of the Parent and its subsidiaries, as which plan may be determined amended from time to time by the Board in its discretion. Executive’s target annual bonus for fiscal year 2006 will be equal to 0.75 times his current annual salary.

Appears in 2 contracts

Samples: Employment Agreement (Cpi International, Inc.), Employment Agreement (Cpi International, Inc.)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a cash bonus based on the Corporation's achievement of certain operating and/or financial goals, with an annual target bonus amount equal to 60% of the Executive's then current annual base salary, in accordance with the amountterms of a bonus plan adopted and administered by the Board for senior executives of the Corporation, if any, as which plan may be determined amended from time to time by the Board in its discretion.

Appears in 2 contracts

Samples: Employment Agreement (Wallace Computer Services Inc), Employment Agreement (Wallace Computer Services Inc)

Annual Bonuses. For each fiscal year during In addition to the term of employmentsalary payable pursuant to Section 2.1, the Executive shall be eligible to receive a for an annual bonus in for each fiscal year of the amount, if any, Company ("Fiscal Year") during the Term. The annual bonus shall be based on such performance standards as may be determined from time to time by the Board in its discretionor compensation committee may establish.

Appears in 2 contracts

Samples: Employment Agreement (Medcare Technologies Inc), Employment Agreement (Medcare Technologies Inc)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in pursuant to the Employer's Short Term Incentive Compensation Plan, with an annual target bonus amount, if anyin accordance with the terms of such Plan as adopted and administered by the Board for senior executives of the Employer, as which plan may be determined amended from time to time by the Board in its discretion.

Appears in 1 contract

Samples: Employment Agreement (First Midwest Bancorp Inc)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus payable in cash and/or in Parent’s common stock. The amount of the amountbonus shall be based on the achievement of certain operating and/or financial goals, if anyin accordance with the terms of a bonus plan adopted and administered by the Board for senior executives of the Parent and its subsidiaries, as which plan may be determined amended from time to time by the Board in its discretion. Executive’s target annual bonus for fiscal year 2006 will be equal to 1.0 times his current annual salary.

Appears in 1 contract

Samples: Employment Agreement (Cpi International, Inc.)

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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.

Appears in 1 contract

Samples: Employment Agreement (Private Bancorp Capital Trust I)

Annual Bonuses. For each fiscal year during the term of employmentEmployment Term, the Executive shall be eligible to receive a cash bonus based on the Company's achievement of certain operating and/or financial goals, with an annual bonus amount of up to [Insert D]% of Executive's then current annual base salary, in accordance with the amountterms of a bonus plan or arrangement adopted and administered by the Board for senior executives of the Company, if any, as which plan may be determined amended from time to time by the Board in its discretion.

Appears in 1 contract

Samples: Employment Agreement (Summa Industries/)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus payable in cash and/or in Parent's common stock. The amount of the amountbonus shall be based on the achievement of certain operating and/or financial goals, if anyin accordance with the terms of a bonus plan adopted and administered by the Board for senior executives of the Parent and its subsidiaries, as which plan may be determined amended from time to time by the Board in its discretion. Executive's target annual bonus for fiscal year 2006 will be equal to 0.60 times his current annual salary.

Appears in 1 contract

Samples: Employment Agreement (Cpi International, Inc.)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus payable in cash and/or in Parent's common stock. The amount of the amountbonus shall be based on the achievement of certain operating and/or financial goals, if anyin accordance with the terms of a bonus plan adopted and administered by the Board for senior executives of the Parent and its subsidiaries, as which plan may be determined amended from time to time by the Board in its discretion. Executive's target annual bonus for fiscal year 2006 will be equal to 1.0 times his current annual salary.

Appears in 1 contract

Samples: Employment Agreement (Cpi International, Inc.)

Annual Bonuses. For each fiscal calendar year during the term of employment, the Executive shall be eligible to receive a cash bonus based on the Corporation's achievement of certain operating and/or financial goals, with an annual target bonus amount to be set in accordance with the amountterms of a bonus plan adopted and administered by the Board for senior executives of the Corporation, if any, as which plan may be determined amended from time to time by the Board in its discretion.

Appears in 1 contract

Samples: Employment Agreement (Dames & Moore Inc /De/)

Annual Bonuses. For each fiscal year during During the term of employmentTerm, the Executive shall be eligible have the opportunity to receive a earn an annual cash bonus in pursuant to the amountterms and conditions of the Bank’s then applicable incentive compensation plan or program, if any, as which may be determined from time to time based on the achievement of annual performance goals established by the Board in its discretionCompensation Committee (an “annual bonus”).

Appears in 1 contract

Samples: Chief Executive Officer Employment Agreement (Winchester Bancorp, Inc./Md/)

Annual Bonuses. For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus payable in cash and/or in Parent's common stock. The amount of the amountbonus shall be based on the achievement of certain operating and/or financial goals, if anyin accordance with the terms of a bonus plan adopted and administered by the Board for senior executives of the Parent and its subsidiaries, as which plan may be determined amended from time to time by the Board in its discretion. Executive's target annual bonus for fiscal year 2006 will be equal to 0.75 times his current annual salary.

Appears in 1 contract

Samples: Employment Agreement (Cpi International, Inc.)

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