Bonus Participation. To the extent that bonuses are paid to active employees of Chattem under the fiscal 2006 Chattem Short Term Incentive Compensation Plan (“Chattem Corporate Bonus Plan”), the parties acknowledge that Xx. Xxxxx was eligible to participate in the Chattem Corporate Bonus Plan through November 30, 2006. In the event that such bonuses are paid, Xx. Xxxxx will be given full credit for the portions of the bonus based upon Chattem’s corporate performance and his individual performance. Any bonus payable to Xx. Xxxxx under this provision will be paid to him according to Chattem’s regular time-table for making such bonus payments to active employees. Xx. Xxxxx acknowledges that he will not be eligible for any other bonus from Chattem under any other program, plan or policy, including, without limitation, any pro rata participation in the fiscal 2007, 2008 or 2009 Chattem Corporate Bonus Plan.
Bonus Participation. Executive shall be entitled to participate in any bonus program implemented by the Compensation Committee of the Board of Directors for the Company’s senior executives generally, with pertinent terms and goals to be established quarterly or otherwise by the Compensation Committee in its sole discretion.
Bonus Participation. Upon achievement of the mutually agreed-upon operating milestones ending in fiscal years 2000 and 2001, as set out in Exhibit “A” hereto, you will be entitled to participate in a special bonus pool set aside for TIR Executive Committee members in lieu of the Team Quality Incentive (“TQI”) Bonus Program. Milestone factors for the special bonus pool shall be equally weighted among three categories of performance including the following: (1) individual performance; (2) integration; and (3) project leadership. Such bonuses shall be payable in two installments in October and April of each applicable fiscal year. The management of TIR may recommend individual allocations of bonus amounts from such bonus pool; however, E*TRADE shall make the final determinations of eligibility and bonus awards. The TIR special bonus program will terminate at the end of E*TRADE’s fiscal year 2001, and you will no l onger be eligible for any further bonus payments under that plan. Beginning in E*TRADE’s fiscal year 2002, that is, September 1, 2001, you will be eligible to participate in the E*TRADE bonus program, subject to the same terms and conditions applicable to other similarly situated E*TRADE employees. Stock Options Your existing and outstanding stock options with TIR have been assumed by E*TRADE in accordance with your Stock Option Assumption Agreement. In addition, at the Closing you will be granted an option to purchase 20,000 shares of E*TRADE common stock under the Company’s 1996 Stock Incentive Plan. The per-share exercise price of the option will be equal to the per-share fair market value of the common stock on the Closing Date, as determined by the E*TRADE Board of Directors. The option will be evidenced by E*TRADE’s standard stock option agreement. So long as you continue in service with E*TRADE, the option will vest and become exercisable with respect to twenty-five percent (25%) of the option shares on the one-year anniversary of your employment start date and with respect to the balance at 25% upon each anniversary of the Closing Date until the fourth anniversary of the Closing Date.
Bonus Participation. The Company will pay an incentive bonus of 1.5% of pretax profits on the sale of all products marketed by or otherwise related to the Company. This bonus will be paid the following day after the Company’s Annual Report on Form 10-K is filed with the SEC.
Bonus Participation. The company will pay an incentive bonus of 1.5% of pretax profits on the sale of all Hilton related products. This bonus will be paid the following day after the company’s 10KSB annual report is filed with the SEC. Private & Confidential
Bonus Participation. In further consideration for this Agreement, Mr. Taylor shall participate in the Chattem Corporate Bonus Plan thrxxxx Xxxxxber 30, 2005 at the applicable bonus level based on the same personal and corporate performance levels. Any bonus payable to Mr. Taylor under this provision will be paid to him on March 1, 2006. Xx. Xxxxor acknowledges that he will not be eligible for any other bxxxx xxxx Chattem under any other program, plan or policy.
