Bonus for Management Team Performance Sample Clauses

Bonus for Management Team Performance. Until changed by written agreement of Company and Employee, Employee’s Management Performance Bonus Compensation shall be determined based upon achievement of non-Adjusted EBITDA based performance objectives by the following members of management: D. Xxxxxx Xxxxxx, Xxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxx (“Management Team”). For each non-Adjusted EBITDA based performance objective for each member of the Management Team, Employee will be awarded points as follows:
Sample 1
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Bonus for Management Team Performance. Until changed by written agreement of Company and Employee, Employee’s Management Performance Bonus Compensation shall be determined based upon achievement of non-Adjusted EBITDA based performance objectives by the following members of management: D. Xxxxxx Xxxxxx, Xxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxx (“Management Team”). For each non-Adjusted EBITDA based performance objective for each member of the Management Team, Employee will be awarded points as follows: Points Awarded Performance Level Achieved One point Threshold Performance Two points Qualifying Performance Three Points Target Performance Four Points Step-Change Performance Employee will be awarded only the points designated for the performance level achieved; for example, achievement of Target Performance for one objective by one of the members of the Management Team will result in an award of three points (and not one point plus two points plus three points). Each of the members of the Management Team will have three non-Adjusted EBITDA based performance objectives, so that the maximum number of points that Employee may earn for a fiscal year is 48 points. Until changed by written agreement of Company and Employee, Employee’s bonus compensation for achievement of Management Team performance objectives shall be earned based upon the range that the amount of points awarded to Employee for such fiscal year, as follows: Points Awarded for Fiscal Year Percentage of Team Target Bonus Payout Earned 0 – 16 points 0% of Team Target Bonus Payout 17 – 24 points 50% to 71.875% of Team Target Bonus Payout 25 – 32 points 75% to 96.875% of Team Target Bonus Payout 33 – 42 points 100% to 118.0% of Team Target Bonus Payout 43 – 48 points 120% of Team Target Bonus Payout The amount of bonus earned shall be determined based upon the achievement of different point levels within a specific range, and the amount of such bonus shall be determined by interpolation on a straight-line basis within the applicable range. For purposes of illustration only, the following are examples of computation of Management Performance Bonus Compensation earned based upon Management Team performance: (i) if 14 points are awarded to Employee for a fiscal year, no bonus will be earned for Management Team performance, (ii) if 27 points are awarded to Employee for a fiscal year, the bonus earned for Management Team performance will be 81.25% of the Team Target Bonus Payout (or .8125 x 10% of Base Salary, or 8.125% of Bas...
Sample 1

Related to Bonus for Management Team Performance

  • Performance Reviews Performance reviews will be conducted at least annually by the President/CEO or designee.

  • Performance Review The Company will periodically review Executive’s performance on no less than an annual basis and will make adjustments to salary or other compensation, as they deem appropriate in their sole and absolute discretion.

  • Performance and Salary Review Company will periodically review Executive’s performance on no less than an annual basis. Adjustments to salary or other compensation, if any, will be made by Company in its sole and absolute discretion.

  • Management Team Subject to any approval or consulting rights of the --------------- Joint Operations Committee, Manager shall engage or designate one or more individuals experienced in dental group management and direction, including, but not limited to, an administrator, who will be responsible for the overall administration of the Practice including day-to-day operations and strategic development activities.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Incentive Management Fee In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (ii) Arizona Public Service Company’s customer to employee improvement ratio; (iii) the OSHA rate (All Incident Injury Rate); (iv) nuclear capacity factor; and (v) coal capacity factor.

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

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