Common use of Annual Cash Bonus Earned Clause in Contracts

Annual Cash Bonus Earned. For each Annual Cash Bonus Performance Period, Executive will be entitled to receive, as Executive’s Annual Cash Bonus, from 0% to 250% of Executive’s Target Cash Bonus, based on the Company ROAE compared to that of the Peer Group (measured as a percentile) or, if the Threshold is determined under clause (x) of its definition, the Company ROAE compared to the Threshold, as follows: 50th Percentile 100% 75th Percentile 175% * Company ROAE is used to determine whether clause (x) of the Threshold is met.

Appears in 5 contracts

Samples: Employment Agreement (Chimera Investment Corp), Employment Agreement (Chimera Investment Corp), Employment Agreement (Chimera Investment Corp)

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Annual Cash Bonus Earned. For each Annual Cash Bonus Performance Period, Executive will be entitled to receive, as Executive’s Annual Cash Bonus, from 0% to 250% of Executive’s Target Cash Bonus, based on the Company ROAE compared to that of the Peer Group (measured as a percentile) or, if the Threshold is determined under clause (x) of its definition, the Company ROAE compared to the Threshold, as follows: Relative ROAE* Percentage of Target CashBonus Payable 50th Percentile 100% 75th Percentile 175% * Company ROAE is used to determine whether clause (x) of the Threshold is met.

Appears in 1 contract

Samples: Employment Agreement (Chimera Investment Corp)

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