Annual Cash Bonus Plan. Executive shall be a participant in the Company's Annual Cash Bonus Plan and be eligible for an annual award under such plan at a maximum award level equal to no less than sixty-five percent (65%) of Executive's average Base Salary in effect during the calendar year for which the award is made.
Annual Cash Bonus Plan. Executive may participate on a basis commensurate with his position as a senior executive officer, as determined by the Company, in the Company’s annual cash bonus plan which may be made available from time to time to Company executives; provided, however, that Executive’s participation is subject to the applicable terms, conditions and eligibility requirements of the plan documents, some of which are within the plan administrator’s discretion, as they may exist from time to time.
Annual Cash Bonus Plan. The Executive shall be entitled to participate in any and all annual cash bonus plans (the “Annual Bonus Plans”) from time to time in effect for senior executives of the Company generally. The terms of each Annual Bonus Plan and Executive’s participation therein shall be determined by the compensation committee of the Board of Directors of the Company (the “Board”) (or, if there is no such committee, by the Board); provided, however, that the Executive shall be entitled to participate in such plans at a minimum participation rate of 50% of his Base Salary paid for the applicable year, with any awards thereunder payable only to the extent earned pursuant to the terms of the applicable Annual Bonus Plan and subject to adjustment in accordance with the terms of the applicable Annual Bonus Plan. Notwithstanding the foregoing, no award under the Annual Bonus Plans may be granted if the compensation committee determines that in order for such award to qualify as performance-based for purposes of Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), the Plan must be submitted to and approved, or resubmitted to and approved, by the stockholders of the Company in accordance with the requirements of Section 162(m) of the Code, unless such grant is made contingent upon such approval. The compensation committee of the Board (or, if there is no such committee, the Board) may alter, modify, add to or delete any Annual Bonus Plan at any time as it, in its sole judgment, determines to be appropriate.
Annual Cash Bonus Plan. The Executive shall also be included in an annual cash bonus program in 2005 in a manner consistent with the plan to be adopted by the Board of Directors of Rocky for 2005 for other similarly situated officers of Rocky and its subsidiaries. For 2005, Executive will be eligible for a bonus in the range of 16-35% (50% Georgia Boots/Durango/John Deere and 50% Corporate) of Executive's Basic Salary; providxx, if, during 2005, Executive is terminated without cause by the Company, Executive shall be eligible for a pro rata bonus based on the number of months Executive is employed by the Company during 2005, such pro rata payment payable simultaneous with the payment of the annual bonus payments, if any, payable to similarly situated officers of Rocky and its subsidiaries under the cash bonus program for 2005. Subject to the immediately preceding sentence, Executive must remain employed by the Company through December 31, 2005 to earn the bonus, as the bonus plan will be based on annual results. The cash bonus program is determined annually by the Compensation Committee of the Board of Directors of Rocky and may change in 2006 and future years.
Annual Cash Bonus Plan. Subject to meeting the metrics to qualify for an annual cash bonus as established by the Compensation for each of 2025 and 2026, Executive will be eligible for a target incentive cash bonus of up to 100% of his annual Base Salary. Executive shall not otherwise be eligible to participate in the Company-wide annual cash bonus plan.
