Common use of Annual Performance Bonus Clause in Contracts

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), Executive’s annual bonus opportunity pursuant to such plan shall equal sixty percent (60%) (the “Annual Target Bonus”) of the Base Salary. For subsequent fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 2 contracts

Samples: Employment Agreement (Rite Aid Corp), Employment Agreement (Rite Aid Corp)

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Annual Performance Bonus. The During the Term, the Executive shall will participate each fiscal year during the Term in the Company’s an annual performance-based bonus plan as adopted and approved by the Board of Directors (the BoardNon-Union Bonus Plan”) or established by the Compensation Committee at a target level of 75% of Annual Base Salary (“Target Level”). Such bonus shall be payable at such time as bonuses are paid to other senior executive officers who participate therein. The amount of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), Executive’s annual bonus opportunity payable pursuant to such plan shall equal sixty percent (60%) (the “Annual Target Bonus”) be determined with respect to each of the Base SalaryCompany’s fiscal years that ends during the Term. For subsequent fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.The 2007 financial targets are set forth in Exhibit A.

Appears in 1 contract

Samples: Employment Agreement (Hawaiian Telcom Communications, Inc.)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) (the "Annual Target Bonus") shall equal 50% of the Base Salary. For subsequent Salary in effect for Executive at the beginning of such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) (the ‘‘Annual Target Bonus’’) shall equal 25% of the Base Salary. For subsequent Salary in effect for the Executive at the beginning of such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate For each fiscal year during the Term in year, Executive will be eligible to receive a target annual bonus based upon the Company’s annual bonus plan as adopted achievement of revenue and approved by the Board of Directors profit goals (the BoardTarget Annual Bonus) or the ). The Company’s Compensation Committee of has the Board (the “Compensation Committee”) from time discretion to timeinterpret goals, performance, and final payment amounts. For Fiscal Year 2012 (“FY 2012”), Executive’s annual bonus opportunity pursuant to such plan shall equal sixty percent (60%) (the “initial Target Annual Target Bonus”) Bonus is 50% of the Executive’s Base Salary. For subsequent Executive will be eligible to receive a pro rata performance bonus for fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year2010.

Appears in 1 contract

Samples: Employment Agreement (Salon Media Group Inc)

Annual Performance Bonus. The Commencing with the Company's fiscal year beginning on or about February 27, 2000, the Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) plans (the "Annual Target Bonus") shall equal 50% of the Base Salary. For subsequent Salary in effect for the Executive at the beginning of each such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) (the "Annual Target Bonus") shall equal 40% of the Base Salary. For subsequent Salary in effect for the Executive at the beginning of such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) (the "Annual Target Bonus") shall equal 50% of the Base Salary. For subsequent Salary in effect for the Executive at the beginning of such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Commencing with the Company's fiscal year beginning on or about February 27, 2000, the Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) plans (the "Annual Target Bonus") shall equal 35% of the Base Salary. For subsequent Salary in effect for the Executive at the beginning of each such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”)the current fiscal year, Executive’s annual bonus opportunity pursuant to such plan shall equal sixty percent (60%) 110% (the “Annual Target Bonus”) of the Base Salary, which shall be prorated based upon the Effective Date. For subsequent fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) (the “Annual Target Bonus”) shall equal 25% of the Base Salary. For subsequent Salary in effect for the Executive at the beginning of such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

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Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) plans (the "Annual Target Bonus") shall equal 35% of the Base Salary. For subsequent Salary in effect for the Executive at the beginning of each such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Commencing with the Company's fiscal year beginning on or about February 27, 2000, the Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), `Me Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) plans (the "Annual Target Bonus') shall equal 35% of the Base Salary. For subsequent Salary in effect for the Executive at the beginning of each such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 the current fiscal year (FY 2012”2008), Executive’s annual bonus opportunity pursuant to such plan shall equal sixty percent (60%) 40% (the “Annual Target Bonus”) of the Base Salary, which shall be prorated based upon the Effective Date. For subsequent fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) plans (the "Annual Target Bonus") shall equal 60% of the Base Salary. For subsequent Salary payable to Executive with respect to such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) (the ‘‘Annual Target Bonus’’) shall equal 35% of the Base Salary. For subsequent Salary in effect for the Executive at the beginning of each such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For the current fiscal year (Fiscal Year 2012 (“FY 2012”2016), Executive’s annual bonus opportunity pursuant to such plan shall be equal sixty to one hundred fifty percent (60150%) (the “Annual Target Bonus”) of the annualized Base Salary. For subsequent fiscal years, the Annual Target Bonus may be adjusted (however in no event shall it be less than one hundred fifty percent (150%)) and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

Annual Performance Bonus. The Executive shall participate each fiscal year during the Term in the Company’s 's annual bonus plan as adopted and approved by the Board of Directors (the “Board”) or the Compensation Committee of the Board (the “Compensation Committee”) from time to time. For Fiscal Year 2012 (“FY 2012”), The Executive’s 's annual target bonus opportunity pursuant to such plan shall equal sixty percent (60%) (the "Annual Target Bonus") shall equal 25% of the Base Salary. For subsequent Salary for the Executive at the beginning of such fiscal years, the Annual Target Bonus may be adjusted and shall be based upon the Board approved plan for that year.

Appears in 1 contract

Samples: Employment Agreement (Rite Aid Corp)

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