Bonus Deferral Sample Clauses
The Bonus Deferral clause establishes the terms under which an employee's earned bonus is postponed for payment to a future date. Typically, this clause outlines the conditions that trigger deferral, such as company performance metrics or regulatory requirements, and specifies the timeline and method for eventual payout, which may include vesting schedules or continued employment requirements. Its core practical function is to align employee incentives with long-term company goals and manage financial or compliance risks by delaying immediate bonus payouts.
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Bonus Deferral. Each Employee will have the right to elect to defer not less than 10 percent and no more than 100 percent of his annual cash bonus (Deferral Bonus Percentage), if any, which maybe declared and subsequently paid within seventy five (75) days after the end of each fiscal year by designating the percentage on or before June 20th of the year preceding the Plan Year on a form provided by the Corporation (see Exhibit B attached). The Deferral Bonus Percentage will be withheld from bonus checks received by the Employee. The Deferral Bonus Percentage shall be invested in accordance with paragraph 6 herein.
Bonus Deferral. On each issuance of a check in full or partial payment of the Executive’s quarterly sales bonus and annual bonus, if any, for services to be performed in calendar year 2006, there shall be deducted an amount equivalent to _0%_ percent of such gross bonus payment which will be credited to the Deferred Compensation Account as of the last day of the month in which such check is to be issued.
Bonus Deferral. The amount of Bonus Deferrals shall be elected by the Member by agreeing to accept a reduction in Bonus equal to a stated whole percentage in his Bonus Deferral Agreement for that year, which is not less than five percent (5%) or one hundred (100) shares of Common Stock nor more than ninety (90%) of Bonus.
Bonus Deferral. The Company and the Executive hereby mutually -------------- agree to defer the payment of the Bonus amount of $528,000 (Five-Hundred, Twenty-Eight Thousand Dollars) as provided herein. The Bonus amount so deferred shall be credited to a bookkeeping account in the Executive's name (the "Account").