Annual Cash Bonuses. The Board shall determine the Executive's right to receive incentive compensation in the form of cash bonuses and other awards. No other compensation provided for in this Agreement shall be deemed a substitute for such incentive compensation. Cash bonuses shall be awarded pursuant to the terms of the Company's Annual Cash Bonus Plan.
Annual Cash Bonuses. (i) During the Employment Term, Executive shall be entitled to a cash bonus (the "Bonus") with a target of between 15% and 30% of Executive's annual base salary, in accordance with the terms and provisions of the Company's then existing executive bonus plan (the "Bonus Plan"). The Bonus shall be determined annually at the same time bonuses are determined for similarly situated employees of the Company, in accordance with the Bonus Plan, and shall be payable at the same time and in the same manner as bonuses are paid to other similarly situated employees of the Company.
(ii) During the Employment Term, the targets and performance goals, including but not limited to the extent to which they will be based on corporate performance, divisional performance, or other criteria consistent with the terms and provisions of the Bonus Plan, shall be established annually by the Company in accordance with the Bonus Plan.
Annual Cash Bonuses. With respect to the annual cash bonus plan for calendar year 2024, all participants shall be entitled to receive an amount equal to 150% of the amount that otherwise would have been payable to each such participant in respect of target performance for calendar year 2024 as made available by Company to Parent in the Company Data Room; provided that, notwithstanding the foregoing, any Non-Continuing Employee shall only be entitled to receive an annual cash bonus for calendar year 2024 equal to 150% of the amount that otherwise would have been payable to each such Non-Continuing Employee in respect of target performance for calendar year 2024, prorated to reflect his or her partial year of service. To the extent the Effective Time occurs on or prior to September 30, 2024, such amount shall be paid by Parent or its applicable Subsidiary to each such participant at the time it pays 2024 annual cash bonuses in the ordinary course of business. To the extent the Effective Time occurs on or after October 1, 2024, two-thirds of such amount shall be paid by Parent or its applicable Subsidiary to each such participant at the time it pays 2024 annual cash bonuses in the ordinary course of business, and one-third of such amount shall be paid by Parent or its applicable Subsidiary to each such participant on the date that is six (6) months following the Effective Date. Notwithstanding the foregoing, any amount that becomes payable to a Non-Continuing Employee under this Section 4.9(d) shall be paid as soon as practicable following such Non-Continuing Employee’s date of termination but in no event later than 30 days thereafter.
Annual Cash Bonuses. The Company may establish a formula that is based on corporate performance, and targets calendar year-end cash bonuses that are comparable on a percentage basis to the bonuses given to similarly situated executives at companies of a similar size and classification.
Annual Cash Bonuses. Purchaser shall, or shall cause one of its Affiliates (including, following the Closing, the Acquired Companies) to, assume all unpaid cash incentive amounts, including cash bonuses and commissions, that are earned, credited or accrued as of the Employment Commencement Date in respect of each Transferred Employee (the “Assumed Incentive Amount”). Purchaser shall, or shall cause one of its Affiliates (including, following the Closing, the Acquired Companies) to, pay to the Transferred Employees the Assumed Incentive Amount in accordance with the terms of the applicable arrangements in effect immediately prior to the Employment Commencement Date at such time as such amounts would have been paid to the Transferred Employees by Seller or one of its Affiliates had the Closing not occurred; provided that the aggregate cash incentive amount paid to Transferred Employees for services rendered for the portion of the performance period elapsing prior to the Employment Commencement Date shall not be less than the Assumed Incentive Amount.
Annual Cash Bonuses. During the term of the Executive's employment under this Agreement, the Executive will be entitled to receive an annual cash bonus calculated pursuant to performance standards developed by the Corporation's compensation committee in consultation with the Chief Executive Officer of the Corporation, as such standards are in effect from time to time. The Board of Directors of the Corporation, in its discretion, may award bonuses to the Executive in addition to those provided for above, as it may from time to time determine.
Annual Cash Bonuses. By July, 1, 1999, the Company shall establish a ------------------- formula that is based on corporate performance, and targets calendar year-end cash bonuses that are comparable on a percentage basis to the bonuses given to similarly situated executives at companies of a similar size and classification in the most recently published AEA survey available. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to receive such bonuses and bonuses under this paragraph shall be in lieu of any other incentive compensation plan that may be available to senior management.
Annual Cash Bonuses. During the term of the Employee's employment under this Agreement, the Employee will be entitled to receive an annual cash bonus calculated pursuant to performance standards developed by the Corporation's compensation committee in consultation with the Employee, as such standards are in effect from time to time. The target amount of the bonus shall be 50% of the Employee's base salary as of the end of the fiscal period of the Corporation for which the bonus is calculated.
Annual Cash Bonuses. The Company shall pay Executive a guaranteed bonus of $150,000 for each of calendar 2002 and 2003 (the “Guaranteed Bonus”), payable on January 1, 2003 and 2004, respectively, provided the Employment Period has not been terminated for Cause, pursuant to Sections 3(a)(i) or 3(a)(ii), or as a result of Executive’s resignation without Good Reason prior to the date a Guaranteed Bonus becomes payable. In addition to the Guaranteed Bonus described in the foregoing sentence, during the Employment Period, Executive shall be entitled to earn an annual incentive award (an “Annual Incentive”) under the Company’s Annual Incentive Plan based upon the achievement of such performance criteria as may from time to time be determined by the Company. In general, under the Company’s Annual Incentive Plan: (A) the target amount of the Annual Incentive for 2002 shall be equal to 40% of the Base Salary actually earned during 2002; (B) the amount of the Annual Incentive actually awarded and payable to Executive shall range from a minimum of 0% to a maximum amount equal to 200% of the target amount; (C) the Annual Incentive shall be payable at the end of the applicable plan year; and (D) the effective date of Executive’s participation in the Annual Incentive Plan shall be January 1, 2002.
Annual Cash Bonuses. (i) During the Employment Term, Executive shall be entitled to a cash bonus (the "Bonus") with a target of between 50% and 100% of Executive's annual base salary, in accordance with the terms and provisions of the Company's then existing bonus plan generally applicable to executive officers, which, for fiscal years after the 2000 fiscal year, may be a plan approved by DKI shareholders which is intended to comply with the requirements of Section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code") (the "Bonus Plan"). The Bonus shall be determined annually at the same time bonuses are determined for similarly situated employees of the Company, in accordance with the Bonus Plan, and shall be payable at the same time and in the same manner as bonuses are paid to other similarly situated employees of the Company. A copy of the 2000 Executive Bonus Program has been furnished to Executive.
(ii) During the Employment Term, the target and performance goals for the Bonus, including but not limited to the extent to which they will be based on corporate performance, divisional performance, or other criteria consistent with the terms and provisions of the Bonus Plan, shall be established annually by the Company in accordance with the Bonus Plan. Executive acknowledges that for fiscal years after the 2000 fiscal year, the Bonus payable to Executive may be conditioned upon performance goals or criteria established by the Incentive Compensation Subcommittee (the "Subcommittee") of the Board of Directors of DKI under the Bonus Plan. Executive also acknowledges that, after the Effective Date, any cash payment in the nature of incentive compensation (and specifically excluding any expense reimbursement, payment under a non-incentive based plan which is expressly made in lieu of non-cash benefits, and any payment of deferred compensation as described in Section 5(d) or otherwise) made in excess of Executive's base salary in a fiscal year shall be credited against the Bonus payable, if any, for such fiscal year.
