Bonus Award Sample Clauses

Bonus Award. Payments under this § 3.1(c)(5) shall reduce any amounts otherwise payable pursuant to the terms of the MIP or FIP, as applicable, at the end of the calendar year in which Executive terminates employment. Notwithstanding anything herein to the contrary, any portion of the amounts set forth below that have been elected or scheduled to be deferred and credited under the SunTrust Banks, Inc. Deferred Compensation Plan or any other nonqualified plan maintained by SunTrust or a SunTrust Affiliate shall not be paid under this § 3.1(c)(5).

Bonus Award. The Company shall pay the Executive a cash Bonus for each Plan Year until the Executive's death unless this Agreement is terminated. The amount of the bonus shall be equal to the Executive's economic benefit under a separate Split Dollar Agreement dated November 13, 2000, between the Executive and the Company, divided by one minus the Company's combined marginal income tax rate for the calendar year immediately preceding such payment. The Company shall pay such Bonus award prior to December 31 of each year.

Bonus Award. ‌ The County shall continue in effect its bonus award program which enables employees to receive a bonus award equivalent to a one-step increase in their pay grade, not to exceed twenty-five hundred dollars ($2,500). The award of such bonus shall be at the discretion of the County Administration and in accord with rules established by the County Administration.

Bonus Award. On January 31, 2007, the Company shall pay you a one-time, lump-sum cash bonus equal to $90,000 (“the “Bonus”), subject to your continued employment with the Company through that date; however, the requirement of being employed on January 31, 2007 shall be waived if, before such date, you either die in service or your employment is terminated without “Cause” (as defined in the Ply Gem Prime Holdings, Inc. Amended and Restated Phantom Stock Plan), in either of which cases you shall be entitled to receive the Bonus as soon as reasonably practicable following the date of such death or termination.

Bonus Award. During the Employment Term, Employee shall be eligible to earn an annual bonus in the sole discretion of the Board (after considering recommendations from the Compensation Committee of the Board) based on (i) individual performance, (ii) the Company’s (a) total revenue, (b) earnings before interest, taxes, depreciation and amortization (with such adjustments as the Board determines to be appropriate), (c) earnings per share, (d) operating ratio or (e) return on invested capital and/or (iii) such other measures as determined by the Board in its sole discretion (the “Bonus”). Employee’s target Bonus opportunity shall be 40% of Base Salary. Any Bonus awarded to Employee shall be paid by no later than March 15th of the year following the year in which such Bonus was earned.

Bonus Award. During the Term, the Executive will be eligible to receive an annual cash performance bonus award for each fiscal year of the Company ending on or prior to the termination of the Term (the “Annual Bonus”). The Executive’s target Annual Bonus shall be 50% of his Base Salary. The actual Annual Bonus to be paid for any fiscal year during the Term shall be based on the attainment of individual and Company performance goals established and determined by the Compensation Committee of the Board, in consultation with the Executive. The amount of any such Annual Bonus award shall be determined in the sole discretion of the Board based on the Board’s determination as to the achievement of the performance goals, provided that such Annual Bonus shall be pro-rated for any partial year of employment based on the number of months employed by the Company. Each Annual Bonus shall be paid to the Executive no later than the date on which bonuses are paid to senior executives of the Company generally under the Company’s bonus plans, but in no event later than the last day of the applicable two and one-half (2 1⁄2) month short-term deferral period with respect to such Annual Bonus, within the meaning of Treasury Regulation Section 1.409A- 1(b)(4). Except as provided in Section 6 below, the Executive shall not be eligible for, and shall not earn or receive any Annual Bonus award if, the Executive is not employed with the Company at the end of the fiscal year.

Bonus Award. The Company shall pay the Executive a cash Bonus equal to the Executive’s economic benefit under a separate Split Dollar Agreement, if any, divided by one minus the Company’s combined marginal income tax rate for the calendar year immediately preceding such payment. The Executive shall have no right to determine or influence such Bonus award. The Company shall pay such Bonus award prior to December 31 of each year.

Bonus Award. (a) If the performance objectives defined by the Committee each year are accomplished, each Participant shall receive an Award under the Plan equal to a designated percentage of the Participant’s Base Salary, as determined each Plan Year by the Committee in its sole discretion. (b) Payment of the Award is contingent on the Participant’s performance level being “at expectation” in order to receive the payment. The Committee shall have the final authority to determine whether any Participant has satisfied the performance level requirement. (c) A Participant who is not employed as of the payout date for any Awards made for any Plan Year generally will not be paid the Award for that Plan Year, unless the Committee determines that such Participant should be paid all or a pro-rata portion of the Award for that Plan Year. In the event a Participant dies while eligible for an Award under this Plan, the Committee shall determine whether all or any part of the Award earned for that Plan Year will be paid to the Participant’s estate. (d) If an Eligible Employee becomes a Participant at any time after the beginning of a Plan Year, the Award payable to that Participant shall be pro-rated, such that, the percentage of Base Salary that constitutes the Award for that Plan Year shall be multiplied by a fraction, where the numerator is the number of full calendar months that the individual was a Participant in the Plan and the denominator is 12.

Bonus Award. Employee shall receive a bonus award with a grant value of $100,000, consisting of (i) performance-based restricted stock in the amount of $50,000 (valued based on the closing price of Employer’s stock on the Effective Date) pursuant to the terms of Employer’s Amended and Restated 2004 Stock Incentive Plan (the “2004 PLAN”) and (ii) performance cash in the amount of $50,000. Additionally, such award shall (a) be subject to, and shall vest upon the achievement of, the performance criteria established by the Compensation Committee of the Board over a measurement period beginning January 1, 2010 and ending December 31, 2012 and (b) vest, if it vests at all, upon the approval by the Board of the audited financial statements for Employer and its subsidiaries for the fiscal year ended December 31, 2012.

Bonus Award. (a) Subject to the terms and conditions of this Agreement, upon the Closing of the Transaction on or prior to the End Date, the Company will pay Employee a cash award equal to $500,000, less withholding for taxes and other similar items (the “Success Bonus”), provided that Employee remains employed by the Company through such Closing. The Success Bonus shall be payable to Employee within thirty (30) days following such Closing. (b) The Parties agree that the Success Bonus is over and above any payments to which Employee may otherwise be eligible to receive.