Annual Incentive Plan Bonus. The Executive will be eligible to earn an annual target cash bonus up to forty percent (40.00%) of his Base Salary (“Bonus”), subject to the discretion of the Compensation Committee.
Annual Incentive Plan Bonus. Subject to Employee’s compliance with this Agreement, Employee shall, receive as additional compensation, a payment equal to fifty (50%) percent of the bonus that Employee would have received, if any, had he remained President of the Allied Tube and Conduit Business Unit employed with the Company through the payment date of such bonus under the Atkore FY2015 Annual Incentive Plan, expected in mid-December 2015. In calculating the bonus amount, if any, Employee’s achievement of individual AIP goals shall be credited at 100%. If, at the request of the Atkore International, Inc. Chief Executive Officer, Employee renders consulting services to Atkore or any of its subsidiaries, after April 17, 2015, Employee’s compensation for such consulting services shall be additional service credit used to calculate the percentage of the Employee’s FY2015 Annual Incentive Plan bonus that is payable to Employee. Each week (five full working days) of consulting services, after April 17, 2015, shall add a week of credit above the 26/52 weeks covered in the preceding paragraph. Employee can continue to earn additional weeks credit until he reaches a full 52 weeks (100%) of credit for the FY 2015 Annual Incentive Plan bonus. In no event shall Employee qualify for a FY 2015 bonus based on more than 52 weeks credit, and, under no circumstances will Employee be entitled to any bonus under the FY2016 Annual Incentive Plan or any other 2016 bonus plan, regardless of how many consulting weeks Employee works or which calendar weeks he actually works (e.g. if some of his consulting occurs in Atkore’s FY 2016). Any consulting services shall be rendered pursuant to an agreement substantially similar to the Consulting Agreement attached as Exhibit A.
Annual Incentive Plan Bonus. Officer will be eligible to participate in the Company’s Annual Incentive Plan (“AIP”) as established and amended by the Compensation Committee of the Board (“Committee”) from time to time by and based on the achievement of performance goals established by the Committee and communicated to the Officer in writing. For the Company’s fiscal year beginning October 1, 2020 (and for future fiscal years unless adjusted by the Committee), the AIP bonus for Officer will have a target payout of one hundred percent (100%) of Base Salary. The AIP bonuses (if any) will be payable in cash unless otherwise determined by the Committee in its discretion. Officer’s achievement of the performance goals and the actual amount of the AIP bonus (which may be higher or lower than the target) will be determined by the Committee in its reasonable discretion. Any such AIP bonus will be payable to Officer at the time annual incentives are paid to executive officers in accordance with the Bank’s policies and practices; provided, that, to the extent that the AIP bonus does not provide for an Internal Revenue Code (“Code”) Section 409A (“Section 409A”) compliant time and form of payment, any such payment shall be paid no later than March 15 of the calendar year following the year the AIP bonus was earned.
Annual Incentive Plan Bonus. Within 90 days of the date of this Agreement and annually thereafter during the term of this Agreement, the Board of Directors of Employer shall take all steps necessary to make Employee, on the terms set forth in this sub-paragraph, a participant in the Corporation's 1989 Annual Incentive Plan (the "AIP") for senior management, or any successor plan(s) for 1995. During 1995, Employee's AIP target incentive rate will be 30% of base salary on a pro-rated basis for the portion of the year during which Employee is an employee of the Corporation. During 1995, Employee's AIP maximum incentive rate will be 60% of base salary on a pro-rated basis for the portion of the year during which Employee is an employee of the Corporation. Employee's 1995 AIP calculation will consist of two components: Combined Employer Real Estate Software Products performance (80%) and personal performance (20%)(1). If, during the term of this Agreement, Employer grants any other bonuses to all of its senior managers, Employee shall be entitled to participate on terms and conditions no less favorable than those for other senior managers. Anything else in this Agreement to the contrary notwithstanding, the AIP is earned and payable only if the Employee is an employee of the Employer on the date specified in the AIP.
Annual Incentive Plan Bonus. (i) The Executive will be eligible to earn an annual target bonus equaling one hundred percent (100%) of his Base Salary (the “Bonus”), subject to the Company’s Annual Incentive Plan (“AIP”). The 2015 Bonus will be prorated such that it will be multiplied by the number of days the Executive is employed in 2015 and divided by 365.
Annual Incentive Plan Bonus. Provided this Agreement and the Termination Date Release are signed and not revoked by the Executive as set forth in Paragraph 17 below, Executive shall receive a pro rata portion of Executive’s bonus earned under the Corporation’s Annual Incentive Plan for the FY12 fiscal year as a result of Executive’s employment with the Corporation during the FY12 fiscal year. The pro rata portion will be based on Executive’s actual bonus eligible earnings during the FY12 fiscal year, prior to termination of employment. For purposes of calculating such bonus, the Corporation will use actual results, financial or non-financial, if applicable. The bonus payment provided for in this Paragraph 3 shall be in lieu of, not in addition to, all bonuses that might otherwise have been payable to Executive but for the termination of his employment and shall be paid to Executive on the same date on which active participants under such Annual Incentive Plan are paid. The bonus payment, if any, made by the Corporation shall be reduced by applicable withholding and other customary payroll deductions. Executive shall not be entitled to participate in any annual incentive bonus plan for any fiscal year ending after the FY12 fiscal year.
Annual Incentive Plan Bonus. As and from the Commencement Date, Employee shall be eligible to receive an annual incentive plan bonus (the “Annual Bonus”) as set forth on Schedule A. The amount of the Annual Bonus for any fiscal year shall be determined by the Board at its sole discretion based on criteria established by the Board including the achievement of budgetary and other Company or Employee specific performance objectives set by the Board for such fiscal year. The Annual Bonus earned by Employee in respect of any year shall be paid to Employee at the time that the Board authorizes payment of annual bonuses to executive officers of the Company generally (usually by March 15 of the following year).
Annual Incentive Plan Bonus. Effective for all years beginning after December 31, 2004, the Executive shall be eligible to receive an annual bonus in the amount, and on such terms and conditions, as are determined by the Compensation Committee of HCPI in its sole and absolute discretion. HCPI shall pay the Executive an annual bonus of $475,000 for 2004, which the Executive acknowledges and agrees discharges in full any and all of HCPI’s obligations under Section 3(b)(ii) of the Agreement as in effect immediately prior to this Amendment No. 1. Any bonus payable under this Section 3(b) shall be paid within 2.5 months of the end of the calendar year during which such bonus is earned. The Executive acknowledges that these modifications to Section 3(b) shall not be considered to be a breach of this Agreement or to constitute “Good Reason” under the Agreement.
Annual Incentive Plan Bonus. Beginning with fiscal year 2021, the Employee shall participate in the Company’s annual bonus plan (the “Annual Bonus Plan”). Annual Bonus Plan awards are calculated as the greater of the Employee’s Base Salary (A) for the fiscal year upon which the award is based or (B) as of December 31st closest to the last day of the Annual Bonus Plan performance period upon which the award is based. The target percentages of Base Salary that the Employee shall be eligible to receive during the Term in accordance with the Annual Bonus Plan based on performance (each, a “Target Bonus”) shall be determined by the Compensation Committee and shall initially range from 50% of Base Salary at “Threshold” performance, to 100% of Base Salary at “Target” performance, and to 150% of Base Salary at “Maximum” performance. Notwithstanding the previous sentence, the Bonus Target for calendar year 2021 shall be prorated in the amount of $125,000.00. For each calendar year during the Term, the Board shall in its sole discretion decide performance objectives applicable to the Bonus for the applicable calendar year after considering input from the Employee at or near the beginning of each calendar year and communicate them to the Employee (the “Bonus-Related Performance Objectives”) by February 1st of each calendar year. Notwithstanding the previous sentence, the Bonus-Related Performance Objectives for calendar year 2021 shall be the 2021 performance objectives which are set forth in the Company’s annual incentive plan as of the Effective Date. Notwithstanding any other provision in this Agreement, the amount of any Bonus shall be determined by the Board in its sole discretion based on its assessment of Employee’s performance against applicable Bonus-Related Performance Objectives and the Board shall have the sole discretion to determine whether threshold, target, or maximum performance levels have been achieved. Except as provided below in this Agreement, the Employee shall not be eligible to receive any Bonus unless he remains employed by the Company through the date on which any such Bonus is paid to be eligible to receive such Bonus. All Bonuses and other discretionary compensation payable to the Employee by Company shall be paid to the Employee in a lump sum no later than 2½ months following the end of the taxable year upon which the applicable Bonus or other compensation was based. The Board may increase the Bonus Targets in its sole discretion during the Term but shall not decrea...
Annual Incentive Plan Bonus. (i) Annually, the HCPI CEO will recommend to the Compensation Committee an incentive compensation plan consisting of metrics that reward Management Company financial performance and HCPI corporate-wide achievement of goals and that will be based upon a multiple of the Base Salary and achievement of the goals.
