Bonus Adjustment Sample Clauses

The Bonus Adjustment clause defines how bonuses may be increased or decreased based on specific performance metrics or other agreed-upon criteria. In practice, this clause outlines the conditions under which an employee’s bonus can be modified, such as meeting or missing sales targets, project milestones, or company profitability thresholds. Its core function is to align employee incentives with organizational goals and ensure that bonus payouts fairly reflect actual performance, thereby motivating desired outcomes and managing compensation risk.
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Bonus Adjustment. The Compensation Committee of the Board of Directors of the Company may, in its discretion, award Employee additional bonus compensation. 2 of 3
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Bonus Adjustment. The paragraph entitled “Bonus” in the Offer Letter is amended and restated in its entirety as of the Effective Date to read as follows: “You will be eligible to receive an annual cash bonus at the discretion of the Company and the Compensation Committee of the Board of Directors of the Company (the “Bonus”). Your target Bonus for each year will equal 40% of your annual base salary for such year. The Bonus will be determined in the sole discretion of the Compensation Committee of the Board of Directors of the Company or of the Company’s parent, and will be based on such criteria as are approved in advance by such committee in its sole discretion.”
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Bonus Adjustment. The COC Bonus will be adjusted up or down based on the percentage difference between the Value of the Company (as defined below) and $1,500,000,000 (the “Current Value”). The Additional COC Bonus will be adjusted up or down based on the percentage difference between the Value of the Company and 14x TTM EBITDA for the period immediately preceding Employees vesting of the portion of the Additional COC Bonus. By way of example, if the Value of the Company increases by 10% from the Current Value, then the COC Bonus will increase by 10%. If the Value of the Company decreases from the Current Value by 10%, then the COC Bonus will decrease by 10%. The “Value of the Company” shall be the value of the Company at the time of the COC Transaction or an IPO, as the case may be.
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Bonus Adjustment. 4.1 In addition to the remuneration provided for in clauses 2.3, 2.4 and 3 hereof, Dr.
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Bonus Adjustment. Notwithstanding the foregoing, in the event that it is finally determined by appropriate authorities at any time during the Employee's employment with the Company (or, in the case of any terminated Employee, before 30 days after the employee's termination of service with the Company) that the fair market value of the Company's common stock distributed to Management Investors pursuant to the Securities Holders Agreement in 2003 was greater than $0.10 per share, the Employee agrees to repay to the Company an amount equal to 27.34% of the difference between $0.10 per share of the Restricted Stock and the fair market value of such Restricted Stock in 2003 as so redetermined. Employee also agrees that in the event Employee does not promptly repay any amount due pursuant to this Section 3, the Company may effect the repayment by withholding all such amounts from any compensation or other payments that the Company may otherwise be obligated to pay to the Employee after the date such repayment becomes due including amounts owed upon the purchase by the Company from the Employee of any Company stock. It is futher agreed that in the event of any Bonus repayment, the Company is entitled to apply for, and retain, a refund of all FICA taxes, both employer and employee, paid by the Company with respect to the repaid portion of the original Bonus, without the necessity of any consent from the Employee.
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Bonus Adjustment. Within five Business Days of the payment of bonuses for the calendar year 2011 to the Bonus Recipients the Buyer shall notify the Seller in writing of the amount paid in cash to the Bonus Recipients and a payment shall be made as follows (“Bonus Adjustment”): 4.6.1 if the Actual Pro-rata Bonus is greater than the Bonus Estimate then the Seller shall pay the amount of the excess to the Buyer; 4.6.2 if the Actual Pro-rata Bonus is less than the Bonus Estimate then the Buyer shall pay the amount of the shortfall to the Seller, save that if the Actual Pro-rata Bonus is the same as the Bonus Estimate then no payment shall be made.
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Bonus Adjustment. The Base Merger Consideration shall be decreased by the amount, if any, equal to the product of (i) 63% of the gross amount of the payment made by Sub pursuant to Section 8.5(b) multiplied by (ii) two (the "Bonus Adjustment").
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Bonus Adjustment. The difference between (a) the amount of the European cash stay bonuses plus all related social insurance costs (imposed on the employer) (i) if the Closing is held on April 15, 2003, reflected in Section (c) of Exhibit M to the Agreement, or (ii) if the Closing Date is not April 15, 2003, calculated in accordance with Section 1.02(c) of the Agreement, and (b) the amount of the European cash stay bonuses plus all related social insurance costs (imposed on the employer) actually paid after the Closing Date will be included in the calculation of Working Capital.
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Bonus Adjustment. It is expected that the Company and its Subsidiaries will pay 2003 bonuses for employees sometime after the Closing. If the aggregate amount of such bonuses is greater than the Estimated 2003 Bonus Amount, then the Stockholders' Representative shall promptly pay to Parent (which amount may be paid pursuant to Section 4.8) in cash without interest the amount of such difference by wire transfer of immediately available funds to an account indicated by Parent. If the aggregate amount of such bonuses is less than the Estimated 2003 Bonus Amount, Parent shall promptly pay to the Stockholders' Representative in cash without interest the amount of such difference by wire transfer of immediately available funds to an account indicated by the Stockholders' Representative. Any such payment pursuant to this Section 4.9 shall be treated for all Tax purposes as an adjustment to the aggregate Merger Consideration.
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Related to Bonus Adjustment

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • Annual Adjustment From January 1 of the next year, the loan interest rate shall be adjusted, on the basis of the LPR recently published, in accordance with the increased or decreased percentage points agreed herein;

  • CPI Adjustment If the CPI Percentage Increase (as defined below) is more than [***] for the relevant Adjustment Period, then the Rent payable during that Adjustment Period shall be adjusted upward by a percentage equal to the CPI Percentage Increase (as defined below) applicable to such Adjustment Period, but not to exceed an adjustment during any Adjustment Period of greater than [***]. The term “Consumer Price Index” shall mean the unadjusted Consumer Price Index for All Urban Workers, U.S. City Average, All Items, 1982-84=100, calculated and published by the United States Department of Labor, Bureau of Labor Statistics. The “CPI Percentage Increase” shall mean, with respect to any Adjustment Period, [***]. For the avoidance of doubt, no CPI Adjustment shall be made to any payment due under this Ground Lease for any Adjustment Period if the result of such CPI Adjustment would be to (a) reduce the amount of such payment to an amount that is less than the amount of such payment due for the immediately preceding Adjustment Period or (b) to raise the amount of such payment to an amount that is greater than [***]. For illustrative purposes only, [***]. The CPI Percentage Increase for any Adjustment Period shall be calculated by the Tenant, and the Tenant shall deliver written notice to the Landlord describing such calculation in reasonable detail (a “CPI Notice”) no later than thirty (30) days after the commencement of any Adjustment Period. If the Landlord disagrees with the Tenant’s calculation of the CPI Percentage Increase, then the Landlord shall deliver to the Tenant written notice, describing the basis for such disagreement in reasonable detail (a “CPI Disagreement Notice”), not later than thirty (30) days after delivery of the CPI Notice. If the Landlord fails to deliver a CPI Disagreement Notice within thirty (30) days after delivery of any CPI Notice, then the Landlord shall be conclusively deemed to have agreed with the calculation of the CPI Percentage Increase set forth in such CPI Notice.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.