Annual Cash Bonus Based on Performance Sample Clauses

Annual Cash Bonus Based on Performance. (a) If the employment term is terminated by Company for cause, Executive shall not be entitled to any portion of the annual cash bonus for the fiscal year in which that termination occurs. However, if this Agreement should expire or be terminated for reasons other than cause, Executive shall be entitled to a percentage of the annual cash bonus equal to the percentage of the goals and objectives accomplished. (b) As additional compensation, Company agrees to grant Executive each year certain number of stock options pursuant to Company’s Stock Incentive Plan and the board resolutions on stock option allocation plan each fiscal year. All terms and conditions of Company’s Stock Incentive Plan, including but not limited to option grant, exercise and any other items are applicable for Executive as a plan participant.
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Annual Cash Bonus Based on Performance. (a) At the beginning of any fiscal year during the employment term as herein provided, Company’s Board of Directors shall set forth for Executive goals and objectives to be accomplished by Executive during that year. For the successful completion of all goals and objectives by the end of that year, Executive shall receive a performance bonus provided for in Section 4.01 for his services in addition to any other compensation which he is entitled to receive hereunder. The amount of bonus shall be determined by the Board of Directors. This bonus shall be paid within one month after the annual meeting of the Board of Directors. (b) If the employment term is terminated by Company for cause, Executive shall not be entitled to any portion of the annual cash bonus for the fiscal year in which that termination occurs. However, if this Agreement should expire or be terminated for reasons other than cause, Executive shall be entitled to a percentage of the annual cash bonus equal to the percentage of the goals and objectives accomplished. (c) As additional compensation, Company agrees to grant Executive each year certain number of stock options pursuant to Company’s Stock Incentive Plan and the board resolutions on stock option allocation plan each fiscal year. All terms and conditions of Company’s Stock Incentive Plan, including but not limited to option grant, exercise and any other items are applicable for Executive as a plan participant.
Sample 1
Annual Cash Bonus Based on Performance. (a) At the beginning of any fiscal year during the employment term as herein provided, Company's Board of Directors shall set forth for Executive goals and objectives to be accomplished by Executive during that year. For the successful completion of all goals and objectives by the end of that year, Executive shall receive a performance bonus provided for in Section 4.01 for his services in addition to any other compensation which he is entitled to receive hereunder. The amount of bonus shall be determined by the Board of Directors. This bonus shall be paid within one month after the annual meeting of the Board of Directors. (b) If the employment term is terminated by Company for cause, Executive shall not be entitled to any portion of the annual cash bonus for the fiscal year in which that termination occurs. However, if this Agreement should expire or be terminated for reasons other than cause, Executive shall be entitled to a percentage of the annual cash bonus equal to the percentage of the goals and objectives accomplished.
Sample 1
Annual Cash Bonus Based on Performance. (a) At the beginning of any fiscal year during the employment term as herein provided, Company’s Board of Directors shall set forth for Executive goals and objectives to be accomplished by Executive during that year. For the successful completion of all goals and objectives by the end of that year, Executive shall receive a performance bonus provided for in Section 4.01 for his services in addition to any other compensation which he is entitled to receive hereunder. The amount of bonus shall be determined by the Board of Directors. This bonus shall be paid within one month after the annual meeting of the Board of Directors. (b) If the employment term is terminated by Company for cause, Executive shall not be entitled to any portion of the annual cash bonus for the fiscal year in which that termination occurs. However, if this Agreement should expire or be terminated for reasons other than cause, Executive shall be entitled to a percentage of the annual cash bonus equal to the percentage of the goals and objectives accomplished.
Sample 1

Related to Annual Cash Bonus Based on Performance

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • 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.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • 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.

  • Performance Incentives As a bonus, to supplement Assistant Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Assistant Coach knew or should have known. Assistant Coach must also complete the _________ [insert sport] season as an Assistant [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Assistant Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • Target Bonus Executive will be eligible to receive an annual bonus of up to forty percent (40%) of Executive’s Base Salary, less applicable withholdings, upon achievement of performance objectives to be determined by the Board in its sole discretion (the “Target Bonus”). The Target Bonus, or any portion thereof, will be paid as soon as practicable after the Board determines that the Target Bonus has been earned, but in no event shall the Target Bonus be paid after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which the Target Bonus is earned or (ii) March 15 following the calendar year in which the Target Bonus is earned.

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