Bonus Opportunity. The Company shall offer each year an incentive bonus compensation plan. Such plan will include an annual bonus target amount equal to at least 50% of the Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officer. The amount of any bonus payable to Executive in any year shall be based upon performance targets established in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 5 contracts
Samples: Employment Agreement (Infinity Property & Casualty Corp), Employment Agreement (Infinity Property & Casualty Corp), Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s 2005 Annual Bonus Plan. Such plan will include an annual bonus target amount equal to at least 5060% of the Executive’s annual base salary and salary; if any amount of such bonus is payable under the terms of a plan, it shall contain such additional terms as determined by the Chief Executive Officerbe in addition to Executive’s annual base salary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 2 contracts
Samples: Employment Agreement (Infinity Property & Casualty Corp), Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s Annual Executive Bonus Plan, approved by the shareholders in 2010. Such plan will include an annual bonus target amount equal to at least 50% $225,000; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 2 contracts
Samples: Employment Agreement (Infinity Property & Casualty Corp), Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company's 2003 Annual Bonus Plan. Such plan will include an annual base bonus target amount equal to of at least 50% $150,000.00 for Executive; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s 's annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s 's achievement of such performance criteria.
Appears in 2 contracts
Samples: Employment Agreement (Infinity Property & Casualty Corp), Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s Annual Executive Bonus Plan, approved by the shareholders in 2010. Such plan will include an annual bonus target amount equal to at least 50% $200,000; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 2 contracts
Samples: Employment Agreement (Infinity Property & Casualty Corp), Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company's 2003 Annual Bonus Plan. Such plan will include an annual base bonus target amount equal to of at least 50% $500,000 for Executive; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s 's annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s 's achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s Annual Executive Bonus Plan, approved by the shareholders in 2010. Such plan will include an annual bonus target amount equal to at least 50% $235,000.00; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s 2005 Annual Bonus Plan. Such plan will include an annual bonus target amount equal to at least 50% of the Executives annual base salary; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company's 2003 Annual Bonus Plan. Such plan will include an annual base bonus target amount equal to of at least 50% $350,000 for Executive; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s 's annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s 's achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s 2005 Annual Bonus Plan. Such plan will include an annual bonus target amount equal to at least 50% of the Executive’s annual base salary and salary; if any amount of such bonus is payable under the terms of a plan, it shall contain such additional terms as determined by the Chief Executive Officerbe in addition to Executive’s annual base salary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s Annual Executive Bonus Plan, approved by the shareholders in 2010. Such plan will include an annual bonus target amount equal to at least 50% $300,000.00; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s Annual Executive Bonus Plan, approved by the shareholders in 2010. Such plan will include an annual bonus target amount equal to at least 50% $255,000; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year an incentive bonus compensation plan. Such plan will include an annual bonus target amount equal to at least 50% for Executive of the Executive’s annual base salary $300,000 for 2006 and $250,000 for 2007, and shall contain such additional terms as determined by the Chief Executive Officer. The amount of any bonus payable to Executive in any year shall be based upon performance targets established in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s Annual Executive Bonus Plan, approved by the shareholders in 2010. Such plan will include an annual bonus target amount equal to at least 50% $320,000; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)
Bonus Opportunity. The Company shall offer each year maintain an incentive bonus compensation planplan similar to the Company’s Annual Executive Bonus Plan, approved by the shareholders in 2015. Such plan will include an annual bonus target amount equal to at least 50% $320,000; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officersalary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance targets established criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Appears in 1 contract
Samples: Employment Agreement (Infinity Property & Casualty Corp)