BONUS AND COMMISSION Sample Clauses

BONUS AND COMMISSION. QUALIFICATIONS
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BONUS AND COMMISSION. 9.1 In the event that you are entitled to participate in any bonus and/or commission schemes we make available and/or we make any award to you, any bonus and/or commission will be of such amount and subject to such conditions (including, but not limited to, conditions for and timing of payment) as we may in our absolute discretion determine from time to time. We reserve the right to award a nil payment. 9.2 Any bonus and/or commission awarded to you will be purely discretionary, will not form part of your contractual remuneration under this agreement and will not be pensionable. The making of an award will not oblige us to make any subsequent awards. 9.3 Notwithstanding clause 9.1, you will have no right to be awarded or where an award has been made, paid bonus and/or commission (pro rata or otherwise) if: (a) you are subject to any capability and/or disciplinary procedures; and/or (b) your employment has terminated (whether lawfully or unlawfully) or you are under notice of termination (whether given by you or the Company). 9.4 If you have been notified that you are under investigation in accordance with our disciplinary or capability procedure then your eligibility to be considered for a discretionary award will be postponed pending the conclusion of any such investigation and any subsequent disciplinary hearing or capability meeting.
Sample 1
BONUS AND COMMISSION. As additional compensation, Employee may be paid a bonus as determined from time to time by the Compensation Committee and approved by the Board of Directors.
Sample 1
BONUS AND COMMISSION. You will be eligible to receive a target commission of $82,500 in accordance with Silicon Image's standard commission plan. You shall also be eligible to participate in such executive bonus program, if any, established by Silicon Image and in effect from time to time.
Sample 1
BONUS AND COMMISSION. In the event Executive’s employment with ESL terminates for any reason (including death or Disability) before the end of any quarterly or annual performance period on which the Bonus and Commission is based, Executive shall be paid a pro-rata portion of Executive’s Bonus (based on the number of days Executive was employed in the applicable quarter with regard to the quarterly bonus and the number of days Executive was employed in the calendar year with respect to the annual bonus) of the Bonus earned for the quarter/year in which Executive’s employment with ESL terminated. If not already paid, ESL shall pay to Executive the annual Bonus earned by Executive for the prior calendar year, and shall also pay the Bonus (or any pro-rata portion thereof) for any quarterly performance period and the annual period that began before Executive’s Termination Date, such amounts to be paid on the date ESL would otherwise have paid the Bonus if Executive’s employment with ESL had not terminated. Executive shall not be eligible to be paid a Bonus for any subsequent performance period. In addition, ESL will pay in the ordinary course all commissions earned by Executive as of Executive’s Termination Date.
Sample 1

Related to BONUS AND COMMISSION

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Fees and Commissions The fees and commissions that apply to your account are set out in the information box and disclosure statement. You agree to pay the fees and commissions and authorize us to charge them to your account. We reserve the right to change the circumstances in which any of the fees or commissions on your account is charged and the amount of those fees or commissions. You agree that we may impose additional fees and commissions at any time. We will provide notice of any changes or additional fees and commissions if required by applicable law and in accordance with the “Changes” section of this agreement.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • Target Bonus “Target Bonus” shall mean Employee’s annual bonus, assuming 100% “on target” satisfaction of any objective or subjective performance milestones.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

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