Bonus Incentive. Section 5 of the Amended Agreement (Bonus/Incentive) is replaced in its entirety by the following: You will be eligible for an annual bonus (“Bonus”) under the Las Vegas Sands Corp. Executive Cash Incentive Plan in which the Company’s senior executives participate for each calendar year of the Term (with a target Bonus of 175% of Base Salary commencing in calendar year 2024), subject to the achievement of performance criteria approved by the CEO and established by the Compensation Committee of the Board of Directors of LVSC (the “Compensation Committee”). The Bonus shall be payable at 85% of target if the applicable performance criteria are determined to be achieved at the threshold payout level and shall not exceed 115% of target if the applicable performance criteria are determined to be achieved at the maximum payout level. The actual amount of the Bonus for each such calendar year shall be determined by the Compensation Committee after consultation with the CEO. The Bonus for any year shall be payable at the same time as annual bonuses are paid to other senior executives of the Company, but no later than March 15 of the year immediately following the year to which the Bonus relates, subject to your continued employment through the payment date (except for the Bonus for the 2029 calendar year, which shall be subject to your continued employment through the end of the Term).
Bonus Incentive. The Executive will be eligible, commencing as of September 15, 2022, on a prorated basis, to receive a maximum annual bonus of up to forty (40%) percent of the Base Salary on the basis of the objectives agreed to by the Board at the start, of each fiscal year. Any payment of bonus is at the discretion of the Board and subject to Board approval. The bonus, if any, will be paid to the Executive within thirty (30) days following the approval of the year-end financial statements of IMV for the calendar year, provided that the Executive remains actively employed by the Corporation at the end of the said calendar year. It is expressly understood that there is no bonus entitlement if the Executive is not actively employed at the end of any calendar year
Bonus Incentive. At the end of the Initial Employment Period, and at the end of each ninety-day period thereafter (each, a “Bonus Period”), the Board will consider whether to award Executive Chairman an incentive bonus (the “Bonus”) as follows: Executive Chairman will be eligible to receive a bonus equal to 50% of Executive Chairman’s Base Salary earned during the relevant Bonus Period upon Executive Chairman’s accomplishment of certain milestones (the “Milestones”) to be agreed to jointly between Executive Chairman and the Board. The Milestones shall relate to, but shall not be limited to, achievement of the following, in the Board’s sole discretion: (a) setting corporate strategy; (b) leading the Company’s senior executive team; (c) assisting in launching the search for a permanent Chief Executive Officer; (d) meeting Trizytek milestones; (e) meeting ALTU-238 milestones; and (f) meeting ALTU-237 milestones. The Bonus, if any, shall be calculated and paid, less applicable payroll deductions, no later than (30) days following the close of each Bonus Period.
Bonus Incentive. The District agrees to grant the retiring unit member a one-time payment equal to two-thirds (2/3) of the dollar cost to the District of the Golden Handshake Program for that unit member. This sum will be paid according to a mutually agreeable plan in a lump sum or installments. Unit members who currently have less than full-time contracts shall have this incentive pro-rated. The District assumes no responsibility or liability for taxes or any other consequences for the individual's participation in this retirement plan.
Bonus Incentive. The dealership agrees to pay each service technician and apprentice, in addition to their regular pay as described in this section, one percent of their regular pay for each hour worked, for each percent the service department collectively achieves in excess of 100%. DMS reports will be shared with the technicians to show the previous months calculations. Because the Body Shop is experiencing sporadic work, and the company is not in a position to ensure sufficient work at this time to create a program, the Body Shop program will be revisited monthly until we can ensure that an incentive program will benefit the company and employees. Quicklube Technicians will receive one dollar, for every upsell that is made in the bay: air, cabin, Xxxxxxx, fuel filters, wipers, transfer case fluid, differential fluid, battery, bulbs. The dealership agrees to include the parts staff in the development and application of the bonus incentive program, once the model is produced. The current staff/membership size will be the factor in the programs existence: if any current members are laid off, or if the number of staff is reduced from current, the program will be suspended. The bonus incentive language will not be in the body of the collective agreement but will be a company policy developed between the company and the union to outline the program.
Bonus Incentive. Executive shall be eligible to receive a bonus of $75,000 if Executive performs his duties to the reasonable satisfaction of Orion and remains employed by Orion through the end of the Initial Term. In order to avoid any ambiguity, Executive is not eligible for any annual bonus under Orion’s fiscal 2020 executive annual bonus plan or any other plan.
5. Section 3(d) of the Agreement is deleted in its entirety and replaced with the following:
Bonus Incentive. The Executive will be eligible to receive an annual bonus up to forty-five percent (45%) of the Base Annual Salary on the basis of the objectives agreed to by the Board at the start of each fiscal year. Any payment of bonus is at the discretion of the CEO and Compensation Committee of the Board and subject to Board approval, and if approved will be made on or before March 15 of the following year. For the calendar year 2024, the discretionary bonus target amount shall be set for seventy-one thousand two-hundred fifty dollars ($71,250.00 USD) which is Executive’s Base Salary prorated to the last four (4) months of the calendar year multiplied by forty-five percent (45%) (($475,000/12) x 4 x 0.45). To receive payment of any bonus, Executive must remain actively employed by the Company through the date of payment of the bonus.
Bonus Incentive. You will be eligible for an annual bonus (“Bonus”) under the applicable executive bonus program in which the Company’s senior executives participate targeted at up to 100% of your then-current base salary, with such annual performance criteria approved by the CEO and established by the Compensation Committee of the Board (the “Compensation Committee”). Any bonus shall be payable at the same time as annual bonuses are paid to other senior executives of the Company, but no later than March 15 of the year immediately following the year to which the bonus relates, subject to your continued employment throughout the payment date, other than if terminated without Cause. For 2019, your bonus, if any, will be prorated. Corporate Headquarters 0000 Xxx Xxxxx Xxxx. Xxxxx, Xxx Xxxxx, Xxxxxx 00000 The Venetian | The Palazzo | Sands Expo | Sands Macao | The Venetian Macao | Four Seasons Hotel Macao | The Plaza Macao | Sands Cotai Central | The Parisian Macao | Marina Bay Sands
Bonus Incentive. Employer will pay Employee an incentive of $35,000 payable in two installments: (i) one-half ($17,500) will be paid within ten (10) days of executing this Agreement; and (ii) subject to satisfactory performance as determined at the sole discretion of Employer, the remaining one-half ($17,500) will be paid on or before December 31, 2009.
Bonus Incentive. (a) Based on JanSus completing the projects earlier than the stated due dates in Fifty (50%) percent or more of the projects set out in Schedule "A" attached, ExpediaCom will pay JanSus a bonus equivalent to Fifteen (15%) percent of the amount paid in consulting fees to JanSus during the contract period as defined in Section 1: Duration of This Agreement, above.
(b) JanSus shall include the calculation of any bonus incentive due with the last invoice for that segment which shall be due and payable Thirty (30) days from the date of invoice.
