Bonus and Equity Compensation. During the Term, the Employee will be eligible to participate in an incentive program and an equity incentive plan established by the Board. The bonus awards payable under the incentive program shall be based on the achievement of performance goals to be determined by the Board or its designee.
Bonus and Equity Compensation. Executive may be eligible for an annual cash bonus or equity compensation. Any such bonus or equity compensation, including applicable terms and conditions, shall be determined by the Manager of the Company in its sole discretion or the Board of Directors or the Compensation Committee of HoldCo in their sole discretion, as applicable. Executive must remain employed by the Company or HoldCo, as applicable, for the full fiscal year in order to be eligible for a bonus for that fiscal year.
Bonus and Equity Compensation. Executive and Employer shall enter into an agreement setting forth the terms of executive bonus plan and incentive programs (including, but not limited to, an equity incentive program) ("Bonus Programs") in which Employee shall be eligible to participate. Said Bonus Programs may be modified from time to time at the sole discretion of Employer. Executive and Employer further acknowledge and agree that the bonus plan shall be implemented for fiscal year 2012. Any bonus for fiscal year 2011 shall be at the sole discretion of the Board of Directors.
Bonus and Equity Compensation. During the Term, the Executive will be eligible to participate in an incentive bonus program and an equity incentive plan established by the Board. Executive’s target annual bonus under the incentive bonus program shall be 100% of Annual Base Salary (the “Target Bonus”). The bonus awards payable under the incentive program shall be based on the achievement of performance goals to be set by the Board after consultation with Executive and finally determined by the Board or its designee. Bonuses will be paid no later than March 15th of the calendar year following the calendar year in which the applicable bonus is earned.
Bonus and Equity Compensation. The Employee may be eligible for Company bonus plans and long-term equity, or cash incentive compensation plans for the Company’s employees, to be determined in the Chief Executive Officer’s sole discretion. This Position will be eligible for the companies following incentive plans.
Bonus and Equity Compensation. You shall be entitled to receive the compensation set forth on Exhibit A hereto as additional consideration for the expanded responsibilities that you are undertaking pursuant to this Agreement.
Bonus and Equity Compensation. For each calendar year during the term of this Agreement, the Executive shall be eligible for a cash bonus award (the “Annual Cash Bonus”) with a target amount of fifty percent (50%) of her then current Base Salary pursuant to the Company’s then current Management Incentive Program (“MIP”). As currently constituted the MIP is based upon (i) the Company’s satisfaction of operating objectives specified by the Company’s Board of Directors each year in its sole discretion, and (ii) individual members of management’s satisfaction of certain individual operating objectives based upon their area of responsibility as specified by the Company’s Board of Directors and Chief Executive Officer in their sole discretion. The Executive acknowledges that the Company reserves the right to change the structure of the MIP from time to time, provided that any change will not affect the Executive’s ability to receive an Annual Cash Bonus of up to a target amount of fifty percent (50%) of the Executive’s Base Salary. The Executive shall be paid her Annual Cash Bonus on or before March 1st of the calendar year following the year to which such bonus relates, but in all events on or before March 15th of such year. The parties acknowledge that the determination of the Annual Cash Bonus for the year in which the Executive’s employment terminates (and possibly for the prior year) shall not be known on the date the Executive’s employment terminates, and, if any, shall be paid by the Company to the Executive not more than thirty (30) days after the determination thereof, but in all events on or before March 15th of the calendar year following the calendar year of termination. The Executive acknowledges and agrees that as required under law or Company policy, bonus and equity incentive compensation to the extent received based on erroneous information, would be subject to recoupment for a three year period in the event of an accounting restatement due to material noncompliance by the Company with any financial reporting requirement under the federal securities laws.
