Bonus and Incentives. 5.1 The Employee will participate in the Company’s bonus scheme, terms (including participation) and objectives of which are at any time under the sole discretion of the Company.
Bonus and Incentives. 7.1 In addition to the Remuneration Package and other benefits stipulated in this Agreement, the Executive shall be eligible for the bonuses and incentives set out in this clause subject to the conditions set out herein.
Bonus and Incentives. Executive shall continue to participate in each applicable bonus and incentive plan of the Company during the Short-Term Disability Period. Executive will receive bonus and incentive payments, if any, in accordance with the normal processes and timing for payment of such amounts to executives who are actively at work.
Bonus and Incentives. Executive shall receive an annual bonus in -------------------- accordance with a Company Bonus Plan adopted by the Compensation Committee of the Board, then in place at the time if any. Executive will be eligible to participate in any stock option, stock grant or other incentive compensation plan adopted by the Board in place at the time if any. Eligibility in no way creates an obligation on the part of the Company to issue options, grants or other incentive compensation to the Executive, which shall be in the sole and absolute discretion of the Compensation Committee of the Board.
Bonus and Incentives. Executive shall be eligible to receive annual bonuses, long term incentives and such other elements of compensation (whether in cash or equity) as determined by and at the discretion of the Board or the Compensation Committee.
Bonus and Incentives. 4.1. The Executive shall be eligible for an annual bonus at a target level of 67% of gross annual base salary. For the first year of his employment, a bonus of $318,250, or 67% of gross annual base salary is guaranteed (hereafter: the "initial guaranteed bonus"). The first portion of this initial guaranteed bonus over the period from entering into employment of the Company through December 31, 2000 will be payable in March 2001 and shall be at least $132,604. The remainder of the initial guaranteed bonus ($185,646, the bonus for the period from January 1, 2001 through July 31, 2001) will be included in the bonus over the year 2001, which bonus will be payable in March 2002. For the second and third years of the Executive's employment, a bonus of $225,000 per year is guaranteed (hereafter: the "secondary guaranteed bonus") so long as the Executive remains employed and in his position performing his duties through the applicable bonus period described below. The first portion of this secondary guaranteed bonus over the period from August 1, 2001 through December 31, 2001 will be included in the bonus over the year 2001, which bonus will be payable in March 2002 and shall be at least $93,750. Thus, combining the initial guaranteed bonus and secondary guaranteed bonus, the bonus over the year 2001 will be no less than $279,396. The second portion of this secondary guaranteed bonus (the bonus for the year 2002) will be payable in March 2003, and shall be at least $225,000. The final portion of this secondary guaranteed bonus ($131,250, the bonus for the period from January 1, 2003 through July 31, 2003) will be included in the bonus over the year 2003, which bonus will be payable in March 2004. For years after 2003 any bonuses over a particular calendar year will be paid in March of the subsequent year. The annual bonus target is 67% of annual gross base salary but can range from 0 - 134% of the then applicable annual gross base salary depending on performance, except for the first year of employment (during which it can range between 67% - 134% of the applicable gross annual base salary: $475,000) and the second and third years of employment (during which it can range between $225,000 and 134% of the applicable gross annual 7 <PAGE> 8 base salary). The annual bonus payout will depend on achievement of overall business objectives, business unit objectives and individual performance. The percentage of the bonus will be determined at the sole discretion of the Ch...
Bonus and Incentives. In payment of Executive's prorata bonus for the 2002 fiscal year and his bonus for the Separation Period, Executive shall receive a lump sum payment of $661,957.22 (subject to withholding of all applicable taxes) on the Separation Date.
Bonus and Incentives. As of June I, this Article, together with the Incentive Hourly Wage Structure, will no longer be in effect. Beginning June all employees at the manu- facturing facility as date will be paid based on an hourly rate. Their rate will be “red circled” at the average of the previous four (4) 13-week averages’ calculated as per this Article with a minimum of efficiency. All employees hired or transferred into the facility on or after June I. will be paid as per the Non-Incentive Hourly Wage Structure.
Bonus and Incentives. Executive shall be eligible to receive annual bonuses through short-term incentives (“STI”), long‑term incentives, and such other elements of compensation (whether in cash or equity) as determined by and at the discretion of the Board. For 2017, the maximum potential award under the short-term incentive plan as a percentage of annual salary will be 130%.
