Bonus Participation Sample Clauses

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 ▇▇. ▇▇▇▇▇ was eligible to participate in the Chattem Corporate Bonus Plan through November 30, 2006. In the event that such bonuses are paid, ▇▇. ▇▇▇▇▇ 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 ▇▇. ▇▇▇▇▇ under this provision will be paid to him according to Chattem’s regular time-table for making such bonus payments to active employees. ▇▇. ▇▇▇▇▇ 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.
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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. The Company shall notify the Executive on a regular basis the status of any potential pending bonus program.
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Bonus Participation. In further consideration for this Agreement, Mr. Taylor shall participate in the Chattem Corporate Bonus Plan thr▇▇▇▇ ▇▇▇▇▇ber 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. ▇▇. ▇▇▇▇or acknowledges that he will not be eligible for any other b▇▇▇▇ ▇▇▇▇ Chattem under any other program, plan or policy.
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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.
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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.
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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. 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.
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Related to Bonus Participation

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Bonus Program You will be eligible for an annual target bonus of forty percent (40%) of your annual base salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • Bonus Payment Executive will receive a lump-sum payment equal to one hundred fifty percent (150%) of the higher of (A) the greater of (x) Executive’s target bonus for the fiscal year in which the Change of Control occurs (as in effect immediately prior to the Change of Control) or (y) Executive’s target bonus as in effect for the fiscal year in which Executive’s termination of employment occurs, or (B) Executive’s actual bonus for performance during the calendar year prior to the calendar year during which the termination of employment occurs. For avoidance of doubt, the amount paid to Executive pursuant to this Section 3(b)(iii) will not be prorated based on the actual amount of time Executive is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.