Common use of Annual Corporate Bonus Clause in Contracts

Annual Corporate Bonus. Employee is eligible for an annualized on-target bonus of 75% of annual salary, subject to the Rackspace Corporate Cash Bonus Plan {the “Plan’”) as approved by the board of directors or compensation committee. Initials: HW Company: Employee: DSS

Appears in 2 contracts

Samples: Employment Agreement (Rackspace Technology, Inc.), Employment Agreement (Rackspace Technology, Inc.)

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Annual Corporate Bonus. Employee is eligible for an annualized on-target bonus of 7580% of annual salary, subject to the Rackspace Corporate Cash Bonus Plan {the “Plan’”) and as approved by the board of directors or compensation committee. Initials: HW Company: Employee: DSS.

Appears in 2 contracts

Samples: Employment Agreement (Rackspace Technology, Inc.), Employment Agreement (Rackspace Technology, Inc.)

Annual Corporate Bonus. Employee is eligible for an annualized on-target bonus of 7580% of annual salary, subject to the Rackspace Corporate Cash Bonus Plan {(the “Plan”) as approved by the board of directors or compensation committee. However, with respect to a 2019 bonus, the parties agree that Employee’s potential bonus, if earned and approved under the Plan, will be based on a hypothetical employment start date of April 1, 2019; in Initials: HW Company: Employee: DSS:

Appears in 2 contracts

Samples: Employment Agreement (Rackspace Technology, Inc.), Employment Agreement (Rackspace Technology, Inc.)

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Annual Corporate Bonus. Employee is eligible for an annualized on-target bonus of 7570% of annual salary, subject to the Rackspace Corporate Cash Bonus Plan {the “Plan’”) and as approved by the board of directors or compensation committee. Initials: HW Company: Employee: DSS.

Appears in 1 contract

Samples: Employment Agreement (Rackspace Technology, Inc.)

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