Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board of Directors of the Holding Company (“Board”). For the fiscal years of the Company ending April 30, 2012 and April 30, 2013, Executive shall be eligible for a Bonus, the maximum amount of which shall be equal to percent ( %) of the Base Salary paid to Executive as of the last day of each fiscal year. For all fiscal years of the Company beginning on or after May 1, 2013, Executive’s eligibility for the Bonus shall be determined on a basis consistent with other named executive officers of the Company (as defined under the Securities Exchange Act of 1934).
Annual Incentive Compensation/Bonus. As further compensation:
Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board of Directors of the Holding Company (“Board”). For the fiscal years of the Company ending April 30, 2012 and April 30, 2013, Executive shall be eligible for a Bonus, the maximum amount of which shall be equal to thirty percent (30%) of the Base Salary paid to Executive as of the last day of each fiscal year. However, Executive shall be entitled to receive a minimum lump sum Bonus with respect to the fiscal year ending April 30, 2012 that shall be not less than $50,000. For all fiscal years of the Company beginning on or after May 1, 2013, Executive’s eligibility for the Bonus shall be determined on a basis consistent with other named executive officers of the Company (as defined under the Securities Exchange Act of 1934).
Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement beginning with the fiscal year beginning May 1, 2015, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive, and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board. For all fiscal years, the maximum amount of the Bonuses shall be equal to forty percent (40%) of the Base Salary paid to Executive as of the last day of each fiscal year, and Executive’s eligibility for the Bonus shall be determined on a basis consistent with the executive officers of the Company (as defined under the Securities Exchange Act of 1934).
Annual Incentive Compensation/Bonus. The amount of Executive’s annual incentive compensation bonus as described in Section 2.1 and Exhibit A of the Employment Agreement shall be equal to an amount up to fifty percent (50%) of Executive’s base salary in effect at the time the bonus award is made. Receipt of the annual incentive compensation bonus is subject to the terms and conditions set forth in the Employment Agreement (including Exhibit A thereto).
Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board. For the partial remaining fiscal year of the Company ending April 30, 2014, Executive shall be eligible for a pro-rated Bonus, the maximum amount of which (before pro-ration) shall be equal to forty percent (40%) of the Base Salary. For all fiscal years of the Company beginning on or after May 1, 2014, Executive’s eligibility for the Bonus shall be determined on a basis consistent with the named executive officers of the Company (as defined under the Securities Exchange Act of 1934).
Annual Incentive Compensation/Bonus. The Employee shall be eligible for annual incentive compensation as determined by the Compensation Committee of the Board (the “Compensation Committee”) taking into account the recommendation of the Chief Executive Officer, payable each year of employment in such amounts as may be determined and approved by the Compensation Committee. The Employee shall be entitled to receive such cash bonuses, performance share awards and options to purchase common shares, par value $0.01 per share, of the Company (the “Common Shares”) as the Board or the Compensation Committee as the case may be shall approve, in its sole discretion, including, without limitation, options, performance share awards and cash bonuses contingent upon the Employee’s performance and the achievement of specified financial and operating objectives during each year or other applicable period. For each year during the Term, the Employee’s total eligible incentive compensation target award shall be the sum of and applicable to and payable in each of (x) a cash bonus between 80% and 110% of the Employee’s annual base salary and (y) performance shares and/or options with a fair market value at the time of grant equal to between 80% and 110% of the Employee’s annual base salary. Except as otherwise provided herein, in order to receive any incentive compensation payments payable pursuant to this Section, the Employee must be actively employed by the Company on the date on which such incentive compensation payments scheduled to be paid to participants in the plan.
Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement beginning with the fiscal year beginning May 1, 2014, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive, and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board. For all fiscal years, the maximum amount of the Bonuses shall be equal to fifty percent (50%) of the Base Salary paid to Executive as of the last day of each fiscal year, and Executive’s eligibility for the Bonus shall be determined on a basis consistent with the named executive officers of the Company (as defined under the Securities Exchange Act of 1934). The Bonus for the fiscal year beginning May 1, 2014 shall be pro-rated based on the extent to which the Company achieves the performance goals for that year, multiplied by a fraction, the numerator which is equal to the number of days in the fiscal year from October 10, 2014 through April 30, 2015 (assuming that the Date of Termination does not occur before April 30, 2015) and the denominator of which is equal to 365.
Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board of Directors of the Holding Company ("Board"). For the fiscal year of the Company ending April 30, 2016 , Executive shall be eligible for a Bonus, the maximum amount of which shall be equal to $1,068,000 (subject to possible adjustment based on salary increases subsequently made available to other named executive officers of the Company as defined under the Securities Exchange Act of 1934). For all fiscal years of the Company beginning on or after May 1, 2016, Executive’s eligibility for the Bonus shall be determined on a basis consistent with other named executive officers of the Company, giving effect, if applicable, to the nominal Base Salary that began to be paid during the fiscal year of the Company ending April 30, 2016.
Annual Incentive Compensation/Bonus. The Company has established an annual incentive bonus program (the “Bonus”). For the duration of this Agreement, the Executive will be eligible for the Bonus, payable as and when Bonuses payable to other executive officers of the Company are paid. The amount available to be paid to Executive (except as provided in the following sentence), and the time and form of payment of bonuses, will be determined and approved by the Compensation Committee of the Board. For the partial remaining fiscal year of the Company ending April 30, 2014, Executive shall be entitled to receive a minimum lump sum Bonus not less than $50,000. For all fiscal years of the Company beginning on or after May 1, 2014, Executive shall be eligible for a Bonus, the maximum amount of which shall be equal to fifty percent (50%) of the Base Salary paid to Executive as of the last day of each fiscal year, and Executive’s eligibility for the Bonus shall be determined on a basis consistent with the named executive officers of the Company (as defined under the Securities Exchange Act of 1934).
