Annual Discretionary Bonuses Sample Clauses

Annual Discretionary Bonuses. In addition to the Base Compensation, Kharazmi will be eligible to receive annual and periodic bonuses in such amounts and upon such terms as may be determined from time to time by the Board.
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Annual Discretionary Bonuses. In addition to the Chairman’s Chairman Compensation, the Chairman will be eligible to receive annual and periodic bonuses in such amounts and upon such terms as may be determined from time to time by the Board.
Sample 1
Annual Discretionary Bonuses. During the Employment Term, the Employee shall be eligible to receive an annual discretionary incentive payment on such terms as determined by the Board from time to time (the “Annual Discretionary Bonus”). Based upon satisfactory performance of Employee and the Company and a target bonus opportunity of fifty (50) percent of Employee’s Base Salary, subject to applicable tax withholding and any other approved deduction. The Annual Discretionary Bonus shall be in an amount determined in the sole discretion of the Board based on its evaluation of factors determined by the Board. Any Annual Discretionary Bonus awarded hereunder shall be paid on or prior to March 15 of the year following the calendar year in which such Annual Discretionary Bonus relates, subject to the Employee’s continued employment with the Company through the date of payment.
Sample 1
Annual Discretionary Bonuses. For each fiscal year of the Company during the Term (commencing with the current fiscal 2020), Employee shall be eligible to receive annual performance bonuses with an annual target opportunity of two hundred percent (200%) of Employee’s Base Salary based upon such Company and/or individual performance criteria as determined by the Compensation Committee of the Board of Directors of Lions Gate (the “CCLG”), in its sole discretion, in consultation with the CEO, or the Company’s designee serving in the role of the Company’s most senior executive.For the sake of clarity, such performance criteria shall include annual financial targets for Starz. Except as expressly set forth herein, Employee must be employed with the Company through the end of the applicable fiscal year to be eligible to receive a bonus for that fiscal year. Any such bonus will be paid as soon as practicable after the end of the applicable fiscal year, when annual bonus payments are made to similarly situated executives, and in all events within the “short-term deferral” period provided under Treasury Regulation Section 1.409A-1(a)(4). The actual bonus, if any, shall be payable in cash and/or in the form of shares or share-based awards, in the sole discretion of the CCLG in consultation with the CEO, or the Company’s designee serving in the role of the Company’s most senior executive, but in no event shall more than twenty five percent (25%) of the actual bonus awarded be payable in shares or share-based awards (it being understood that payment shall be consistent in form with that payable to other Company executives at the division-head level, so long as no more than twenty five percent (25%) of the actual bonus awarded is payable in shares or share-based awards). In the event that any part of the bonus is paid in the form of share-based awards that are subject to vesting, then each of the vesting terms for such awards shall be consistent with the vesting terms for those bonuses paid for the applicable fiscal year to other Company executives at the division-head level in the form of share-based awards. Notwithstanding the foregoing, in the event that Employee’s employment with Company does not continue beyond the Term or Employee’s employment is terminated pursuant to Sections 8(a)(ii), 8(a)(iii), 8(a)(v), 8(a)(vi) or 8(a)(viii) of the Agreement, Employee shall remain eligible for a prorated bonus based upon the amount of time worked during the fiscal year in which the termination occurs and...
Sample 1

Related to Annual Discretionary Bonuses

  • Annual Discretionary Bonus Effective as of the Effective Date, the Executive will be eligible to earn an annual performance bonus of up to 40% of the Executive’s Base Salary (the “Target Bonus”), based upon the Board’s assessment of the Executive’s performance and the Company’s attainment of targeted goals as set by the Board in its sole discretion. To the extent the Executive’s Base Salary and/or target bonus percentage of Base Salary is changed during the year to which the performance bonus relates, the Target Bonus shall be calculated based on base salary actually paid during such year (and not solely on the Executive’s Base Salary at the end of such year) and shall apply the initial target bonus percentage of Base Salary and the revised target bonus percentage of Base Salary based on the portion of the year during which each was in effect. The Board may determine to provide the bonus in the form of cash, equity award(s), or a combination of cash and equity. Following the close of each calendar year, the Board will determine whether the Executive has earned a performance bonus, and the amount of any performance bonus, based on the set criteria. No amount of the annual bonus is guaranteed, and the Executive must be an employee in good standing on the date of payment in order to be eligible for any annual bonus, except as specifically set forth below. The annual performance bonus, if earned, will be paid by no later than March 15 of the calendar year after the year to which it relates. The Executive’s bonus eligibility will be reviewed on an annual or more frequent basis by the Board and is subject to change in the discretion of the Board.

  • Discretionary Bonus The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

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