Annual Cash Performance Bonus Sample Clauses

Annual Cash Performance Bonus. Executive’s aggregate target annual cash performance bonus amount of $17,000,000 (“Aggregate Annual Target Cash Bonus”) is allocated to each Service Company based on its respective Executive Percentage and may be made subject to the achievement of one or more performance metrics as described in Section 4.3 of the Executive Employment Agreement; and
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Annual Cash Performance Bonus. (i) Prior to or within sixty (60) days of the beginning of each calendar year during the Term (each a “Performance Period”), the Committee and the Executive shall agree on an objective performance criteria dashboard (with respect to the performance of the Executive and REIT) that will serve as the basis for determining an annual cash performance bonus (the “Annual Performance Bonus”). Commencing with the Performance Period that begins at 12:00 AM, January 1, 2012, the Executive shall have a target Annual Performance Bonus and the opportunity to earn a maximum Annual Performance Bonus (the “Target Bonus” and the “Maximum Bonus,” respectively), each set as a percentage of Base Salary and as established annually by the Committee. No Target Bonus shall be determined or payable for any part of 2010 or 2011. The Annual Performance Bonus earned by the Executive for any Performance Period shall be paid within sixty (60) days after the end of the applicable Performance Period, provided the Executive is employed on the last day of such Performance Period, except as provided in Sections 7(a) and 7(d) below.
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Annual Cash Performance Bonus. For each year during Executive’s employment with the Company beginning with the year ending December 31, 2011, Executive shall be eligible to receive an annual performance cash bonus (the “Annual Cash Bonus”) based upon certain annual performance targets set by the Board or a committee thereof in their discretion in accordance with the Company’s applicable corporate governance charters and guidelines and both the Company’s and Executive’s performance in relation to those targets as determined by the Board or committee thereof, subject to Section 3(e) below. The Annual Cash Bonus shall be payable if the annual performance targets set forth in Section 3(e) below are achieved, as determined by the Board in its sole discretion. The Annual Cash Bonus payable to Executive for each year shall be subject to review and approval by the Board or a committee thereof in their discretion in accordance with the Company’s applicable corporate governance charters and guidelines. Any Annual Cash Bonus payable to Executive will be paid at the time the Company normally pays such bonuses to its senior executives, but in no event later than two-and-one-half months following December 31 of the applicable year.
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Annual Cash Performance Bonus. (1) Subject to the terms of the Company’s annual incentive cash bonus program as in effect from time to time and the provisions hereof, for each fiscal year of the Company ending during the Employment Term, Executive shall be eligible to receive an annual cash bonus (the “Annual Bonus”), with a target annual cash bonus opportunity of 80% of Base Salary (such target bonus, the “Target Bonus”). The actual Annual Bonus earned by Executive for any applicable fiscal year, if any, will be payable in the Company’s discretion and in accordance with the Company’s customary practices applicable to bonuses paid to similarly situated executives of the Company (which, in any event, will be during the calendar year following the calendar year in which such Annual Bonus relates but in no event later than March 15 of such year), subject to Executive’s continued employment through the applicable payment date. (2) For performance year 2023, Executive’s annual incentive cash bonus will be pro- rated based on the number of days during such performance period that Executive is employed by the Company.
Sample 1
Annual Cash Performance Bonus. In addition to Base Salary, Employee shall be eligible for an annual cash bonus for each fiscal year of the Company during the Term. Employee's target annual cash bonus will be equal to 60% of his Base Salary in effect at the beginning of the relevant fiscal year (the "Annual Bonus"). The amount of the Annual Bonus shall be determined by the Executive Vice-President, Chief Financial Officer, based upon satisfaction of annual performance objectives as fixed from time to time by the Executive Vice-President, Chief Financial Employee's Annual Bonus shall include any amount which is deferred under any nonqualified plan or arrangement of the Company.
Sample 1
Annual Cash Performance Bonus. (i) Prior to or within sixty (60) days of the beginning of each calendar year during the Term (each a “Performance Period”), the Committee and the Executive shall agree on an objective performance criteria dashboard (with respect to the performance of the Executive and REIT) that will serve as the basis for determining an annual cash performance bonus (the “Annual Performance Bonus”). The Executive shall have a target Annual Performance Bonus and the opportunity to earn a maximum Annual Performance Bonus (the “Target Bonus” and the “Maximum Bonus,” respectively), each set as a percentage of Base Salary and as established annually by the Committee. (ii) The foregoing Section 4(b)(i) notwithstanding, with respect to a period commencing as of the Effective Date and ending one year therefrom (the “Initial Target Period”), the Company shall pay to Executive a bonus of $250,000.00 (the “Initial Target Bonus”) payable as of June 30, 2011. For clarity, the Initial Target Bonus shall be the only bonus for which Executive shall be eligible during the Initial Target Period. For the balance of calendar year 2011 from the termination of the Initial Target Period, Executive shall have an Annual Performance Bonus based upon amount equal to the Initial Target Bonus divided by 365 and pro rated on a per diem basis. (iii) Going forward, the Annual Performance Bonus earned by the Executive for any Performance Period shall be paid within sixty (60) days after the end of the applicable Performance Period, provided the Executive is employed on the last day of such Performance Period, except as provided in Sections 7(a) and 7(d) below.
Sample 1
Annual Cash Performance Bonus. Subject to the terms of the Company’s annual incentive cash bonus program as in effect from time to time and the provisions of this Agreement, for each fiscal year of the Company ending during the Employment Term, Executive shall be eligible to receive an annual cash bonus (the “Annual Bonus”), with a target annual cash bonus opportunity of 60% of Base Salary (such target bonus, as may hereafter be increased, the “Target Bonus”) with the opportunity to receive a maximum annual cash bonus of 200% of the Target Bonus; provided that, for fiscal year 2024, Executive’s annual bonus shall be pro-rated for the number of days Executive is employed by the Company during such fiscal year following the Commencement Date;. The actual Annual Bonus earned by Executive for any applicable fiscal year, if any, will be payable in the Company’s discretion and in accordance with the Company’s customary practices applicable to bonuses paid to similarly situated executives of the Company (which, in all cases, will be paid no later than March 15 of the calendar year following the calendar year to which such Annual Bonus relates), subject to Executive’s continued employment through the applicable payment date.
Sample 1
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Annual Cash Performance Bonus. In addition to Executive’s base salary, Executive shall be entitled to participate during the Term in an annual cash bonus plan generally made available to senior executives of the Company, including any cash bonus plans and equity incentive plans sponsored by the Company. Any annual cash bonus shall be paid to Executive within two and one-half (2.5) months following the end of the fiscal year in which the Executive has a right to payment of the bonus.
Sample 1

Related to Annual Cash Performance Bonus

  • 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”).

  • 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 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.

  • 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.

  • 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

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • 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.

  • Longevity Bonus After twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • 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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