Annual Incentive Compensation Program. Executive shall be eligible to participate in any and every annual incentive compensation program of the Company, at a level commensurate with other Company senior executives, as established by the Board of Directors of the Company from time to time.
Annual Incentive Compensation Program. During the Term, Employee shall be eligible for an annual discretionary performance-based bonus of 75% of base compensation at target level of achievement (the “Target Bonus”). This bonus shall be based upon achievement of such objectives established by the Compensation Committee, which may include financial, operational, strategic and personal objectives. Except as expressly provided in Sections 4.3 and 4.4, Employee shall not be entitled to any bonus or other incentive compensation with respect to the calendar year in which Employee’s employment with the Company is terminated for any reason.
Annual Incentive Compensation Program. Executive will participate in an annual incentive compensation program the terms and conditions of which will have been reviewed by the Compensation Committee and upon the recommendation of such Compensation Committee will have been submitted to, and approved by, the Board.
Annual Incentive Compensation Program. Executive shall be entitled to participate in the Annual Incentive Compensation Program ("AICP") pursuant to the terms and conditions of such program as it may exist from time to time, provided that with respect to Executive,
(i) the AICP for calendar year 2003 shall have the same terms and conditions in effect immediately prior to the Transaction, and
(ii) the AICP for calendar year 2004 and following may be amended by the Board in its discretion, provided:
1) his potential bonus opportunity under the AICP shall be based principally upon sharing in the profitability, cash flow, economic value added or related financial performance parameters, 2) the formula for the plan will be such that, if applied to actual performance for 2002 and 2003, the result would not decrease the actual bonus pool contribution for those years,
3) future changes to the AICP or its formulation shall be made in consultation with senior management (the CEO, the Chief Financial Officer of the Company and the applicable business unit head) with the consent of the CEO, and, for each business unit, with the approval of the head of that business unit,
4) if senior management (the CEO, the Chief Financial Officer of the Company and the applicable business unit head) concludes that the new formulation has had an unintended and material negative impact on the amount of the bonus pool, the Board shall reasonably consider an adjustment in the program to adjust for such unintended impact,
5) his potential bonus opportunity shall be maintained at least at the current level and no upper limit shall be placed on the amount of his potential bonus opportunity,
6) his potential bonus opportunity shall be based on the composite performance of the Company.
Annual Incentive Compensation Program. Executive shall be entitled to participate in the Annual Incentive Compensation Program ("AICP") pursuant to the terms and conditions of such program as it may exist from time to time. Executive's target bonus opportunity level shall be forty percent (40%) of annual base salary based principally upon the financial performance parameters of the Company and achievement of individual performance goals established in conjunction with the CEO of the Company.
Annual Incentive Compensation Program. Employee’s bonus shall be determined by the compensation committee of the Board (the “Compensation Committee”) in its sole discretion in accordance with the terms of Employer’s Annual Incentive Compensation Program. Notwithstanding the foregoing, Employee shall receive, no later than March 31st of each calendar year, his Annual Incentive Compensation Program outlining his potential bonus calculations and performance criteria to achieve such discretionary bonus for such calendar year. Any payments made pursuant to the Annual Incentive Compensation Program shall be made on or before March 15th of the year following the release of earnings for the year in which the services giving rise to such bonus award were performed.
Annual Incentive Compensation Program. Employee’s bonus shall be determined by the compensation committee of the Board (the “Compensation Committee”) in their sole discretion in accordance with the terms of Employer’s Annual Incentive Compensation Program.
Annual Incentive Compensation Program. Executive shall be entitled to participate in the Annual Incentive Compensation Program (“AICP”) pursuant to the terms and conditions of such program as it may exist from time to time, provided that the AICP may be amended by the Board in its discretion, provided:
(i) Executive’s potential bonus opportunity shall be targeted at 100% of Base Salary which target may be adjusted from time to time by the Board (or any duly authorized committee thereof) in its discretion taking into account factors the Board (or such committee) shall determine to be appropriate, including, without limitation, such factors as the goals of the compensation philosophy adopted by the Board as applied to the CEO, and benchmark information provided by nationally recognized consultants retained by the Board (or any duly authorized committee thereof),
(ii) Executive’s potential bonus opportunity under the AICP shall be based principally upon the Company’s consolidated profitability, cash flow, economic value added or other related financial performance parameters, and such other factors as the Board (or any duly authorized committee thereof) in its discretion may deem appropriate, and his actual bonus amount shall be based on achievement of established performance goals, with increased bonus potential for performance exceeding goals,
(iii) future changes to the AICP or its formulation shall be made in good faith consultation with Executive, and
(iv) if Executive reasonably concludes, and an independent consultant retained by the Board (or any duly authorized committee thereof) confirms such conclusion, that the new formulation has had a material negative impact on the Executive’s ability to achieve his bonus target, or the amount of the Company’s projected bonus pool, the Board (or any duly authorized committee thereof) shall reasonably consider an adjustment in the program to adjust for such impact.
Annual Incentive Compensation Program. During the Term, Employee shall be eligible for an annual discretionary performance-based bonus of 75% of base compensation at target level of achievement (the “Target Bonus”). This bonus shall be based upon achievement of such objectives established by the Compensation Committee, which may include financial, operational, strategic and personal objectives. Except as expressly provided in Sections 4.3 and 4.4, Employee shall not be entitled to any bonus or other incentive compensation DocuSign Envelope ID: 24F1ED1D-3A11-4ED0-9318-52F83027E97B9009BC7B 5468-4B59-8EBE B836EDC9FDF
Annual Incentive Compensation Program. (a) During the Term, the Executive shall participate in the Company’s annual incentive compensation plan, program and/or arrangements applicable to senior-level executives as established and modified from time to time by the board of directors of the Company (the “Board”) in its sole discretion. During the Term, the Executive shall have a Threshold Bonus opportunity under such plan or program of 40% of his current Base Salary, a Target Bonus opportunity under such plan or program of not less than 100% of his current Base Salary, and a Maximum Bonus opportunity under such plan or program of not less than 130% of his current Base Salary, in each case based on satisfaction of performance criteria to be established by the Compensation Committee of the Board (the “Bonus Opportunity”). Payment of annual incentive compensation awards shall be made in the same manner and at the same time that other senior-level executives receive their annual incentive compensation awards. The Executive shall first be eligible to participate in the fiscal year 2015 plan. The Executive shall not be eligible for an incentive compensation award in fiscal year 2014 other than as described in Section 4(b) hereof.
(b) The Executive shall be paid the gross amount of One Hundred, Seventy-Five Thousand Dollars ($175,000.00), less applicable tax deductions, as a guaranteed bonus for fiscal year 2014. The bonus payable under this Section 4(b) shall be payable in September, 2014. This will be a one-time signing bonus payable September, 2014.
