Common use of Annual Overachievement Bonus Clause in Contracts

Annual Overachievement Bonus. During the Term, Employee shall be eligible to participate in the Annual CEO Direct Reports Overachievement Bonus Plan as determined by the Compensation Committee. Overachievement Bonuses shall be based on the Company's overachievement of the annual Net Sales, Earnings per Share and Cash Flow objectives included in the annual budget approved by the Board of Directors at the beginning of each year.

Appears in 9 contracts

Samples: Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc)

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Annual Overachievement Bonus. During the Term, Employee shall be eligible to participate in the Annual CEO Direct Reports Overachievement Bonus Plan as determined by the Compensation Committee. Overachievement Bonuses shall be based on the Company's ’s overachievement of such Company, departmental and/or individual performance goals that may be established for the annual Net Sales, Earnings per Share and Cash Flow objectives included in the annual budget approved applicable bonus year by the Board of Directors at the beginning of each yearCompensation Committee.

Appears in 7 contracts

Samples: Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc)

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Annual Overachievement Bonus. During the Term, Employee shall be eligible to participate in the Annual CEO Direct Reports Overachievement Bonus Plan as determined by the Compensation Committee. , Overachievement Bonuses shall be based on the Company's ’s overachievement of such Company, departmental and/or individual performance goals that may be established for the annual Net Sales, Earnings per Share and Cash Flow objectives included in the annual budget approved applicable bonus year by the Board of Directors at the beginning of each yearCompensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Cyberonics Inc)

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