Annual Performance Based Incentive Sample Clauses

Annual Performance Based Incentive. (i) The Executive shall be eligible to continue to participate in the annual performance-based cash bonus plan in effect for similarly situated employees of the Corporation, as may be amended by the Corporation in its sole discretion from time to time (the “Annual Incentive Plan”). The Executive’s target annual bonus under the Annual Incentive Plan will continue to be 100% of the Base Salary as in effect on the first day of the fiscal year to which the Annual Bonus relates. The Committee will review the Executive’s bonus structure at least annually and may adjust such bonus structure in its sole discretion. Any amendment to the Annual Incentive Plan by the Corporation shall not impair or otherwise adversely affect any benefits of the Executive that vested before the amendment. (ii) Except as otherwise set forth in this Agreement, the Executive will not be eligible to receive a payment under the Annual Incentive Plan unless the Executive is an active employee as of, and has not given or received notice of termination of employment as of, the date such payment is made. Annual Bonus payments will be made as soon as practicable following completion of the Corporation’s annual audit, which is expected to occur in October immediately following the end of the fiscal year to which the Annual Bonus relates.

Annual Performance Based Incentive. (i) The Executive shall be eligible to participate in the annual performance-based cash bonus plan in effect for similarly situated employees of the Corporation, as may be amended by the Corporation in its sole discretion from time to time (the “Annual Incentive Plan”). The Executive’s target annual bonus under the Annual Incentive Plan will be equal to 100% of the Base Salary, calculated based on the Executive’s weighted Base Salary during the fiscal year to which the annual bonus relates, provided that the Executive’s target annual bonus for the 2015 fiscal year shall be equal to the product of (A) $325,000 and (B) a fraction, the numerator of which shall equal the number of days during the 2015 fiscal year on and following the Effective Date and the denominator of which shall equal 365. The Committee will review the Executive’s bonus structure at least annually and may adjust such bonus structure in its sole discretion. Any amendment to the Annual Incentive Plan by the Corporation shall not impair or otherwise adversely affect any benefits of the Executive that vested before the amendment. (ii) Except as otherwise set forth in this Agreement, the Executive will not be eligible to receive a payment under the Annual Incentive Plan unless the Executive is an active employee as of, and has not given or received notice of termination of employment as of, the date such payment is made. Annual bonus payments will be made as soon as practicable following completion of the Corporation’s annual audit, which is expected to occur in October immediately following the end of the fiscal year to which the annual bonus relates.

Annual Performance Based Incentive. For each calendar year or portion thereof during the Term, Executive shall participate in the Company’s annual cash incentive bonus program (“Annual Performance Based Incentive”) and be entitled to an Annual Performance Based Incentive payment (the “Bonus”) based upon SCC’s achievement of certain financial targets and such other strategic goals or targets set by the Board or its Compensation Committee in conjunction with Executive. The target Bonus shall be Two Hundred Fifty Thousand Dollars (US$250,000) (the “Target Bonus”), but the actual Bonus will range from 50% to 200% of the Target Bonus (One Hundred Twenty Five Thousand Dollars (US$125,000) to Five Hundred Thousand Dollars (US$500,000)), as determined by measuring SCC’s actual performance against the predetermined targets. The Bonus will be quantified and paid within the first two and half months of the year following the year to which it relates. Any adjustments to the Annual Performance Based Incentive will be prospective. Notwithstanding the foregoing, Executive’s Target Bonus for 2020 will be prorated from the effective date of the Agreement.

Annual Performance Based Incentive. For each calendar year occurring during the Term, Executive shall participate in the Company’s annual cash incentive bonus program (“Annual Performance Based Incentive”) and be entitled to an Annual Performance Based Incentive payment (the “Bonus”) based upon iGATE’s achievement of certain revenue, earnings per share (“EPS”) and earnings before interest, taxes, depreciation and amortization (“EBITDA”) targets and such other strategic goals or targets set by the Compensation Committee of the Board in conjunction with Executive. The target Bonus shall be US$ 500,000 dollars (the “Target Bonus”), but the actual Bonus will range from 0% to 200% (US$ 1 million dollars) of the Target Bonus, as determined by measuring iGATE’s actual performance against the predetermined targets. The Bonus will be quantified and paid within the two and half month period of the year following the year to which it relates. Any future adjustments to the Annual Performance Based Incentive will be prospective. Notwithstanding the foregoing, Executive’s Target Bonus for 2013 will be prorated based on the number of days employed during the year.

Annual Performance Based Incentive. For fiscal year 2014 and for each full fiscal year thereafter during the Employment Term, the Executive shall be eligible to participate in the annual performance-based cash bonus plan in effect for similarly situated employees of the Corporation, as may be amended by the Corporation in its sole discretion from time to time (the “Annual Incentive Plan”). The Executive’s target annual bonus under the Annual Incentive Plan will be 100% of Executive's Base Salary, calculated based on Executive's weighted Base Salary during the fiscal year to which the Annual Bonus relates. The Committee will review the Executive’s bonus structure at least annually and may adjust such bonus structure in its sole discretion. Any amendment to the Annual Incentive Plan by the Corporation shall not impair or otherwise adversely affect any benefits of the Executive that vested before the amendment. (i) For fiscal year 2014, (A) one-half of the Annual Bonus will be subject to, and may be earned upon, the Corporation’s achievement of specified business and performance targets to be developed by the Corporation and (B) the remaining one-half of the Annual Bonus will be subject to, and may be earned upon, the achievement of individual goals and objectives that will be mutually developed by the Corporation and the Executive within thirty (30) days after the Effective Date. (ii) For each full fiscal year during the Employment Term thereafter, commencing with fiscal year 2015, the Annual Bonus will be subject to the achievement of such performance criteria and other terms and conditions as are developed by the Corporation with respect to the applicable fiscal year. Except as otherwise set forth herein, the Executive will not be eligible to receive an Annual Bonus in respect of a fiscal year unless the Executive is an active employee as of, and has not given or received notice of termination of employment as of, the date of payment of such Annual Bonus. Annual Bonus payments will be made as soon as practicable following completion of the Corporation’s annual audit, which is expected to occur in October immediately following the end of the fiscal year to which the Annual Bonus relates.

Annual Performance Based Incentive. An annual performance based incentive upto Rs.16,00,000/-( Rupees Sixteen Lakhs Only) based on the performance criteria determined by the Board provided the Board may, at its discretion based upon the review of the performance of the Company and the contribution of the Executive, revise the Annual Performance Based Incentive to a higher amount not exceeding Rs. 29,00,000/- (Rupees Twenty Nine Lakhs Only) per annum. The Annual Performance Based Incentive shall be paid quarterly/half yearly or annually as the Board may determine.

Annual Performance Based Incentive. An annual performance based incentive upto Rs.16,00,000/-( Rupees Sixteen Lakhs Only) based on the performance criteria determined by the Board provided the Board may, at its discretion based upon the review of the performance of the Company and the contribution of the Executive, revise the Annual Performance Based Incentive to a higher amount not exceeding Rs. 29,00,000/- (Rupees Twenty Nine Lakhs Only) per annum. The Annual Performance Based Incentive shall be paid quarterly/half yearly or annually as the Board may determine.