Bonus Percentage Sample Clauses
The Bonus Percentage clause defines the specific percentage of a bonus that an employee or party is eligible to receive, typically based on performance or achievement of certain targets. This clause outlines how the bonus is calculated, such as applying the percentage to base salary or a particular metric, and may specify conditions under which the bonus is awarded. Its core function is to provide clear, objective criteria for bonus determination, ensuring transparency and reducing disputes over compensation.
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Bonus Percentage. From and after January 24, 2005, you will participate in the Incentive Compensation Plan including cash bonuses and stock options and grants in accordance with Executive Salary Grade 11. From and after January 1, 2006, you will participate in the Incentive Compensation Plan including cash bonuses and stock options and grants in accordance with Executive Salary Grade 12. Current annual incentive compensation at Salary Grade 12 is a target bonus of 50% of Annual Base Salary with a maximum of 100% of Annual Base Salary. Equity Grants: Initial grant of 12,000 Stock Options and no Restricted Shares as an incoming member of senior management, and continuing participation in the Company’s annual stock option plans for the Company’s senior management. The granted Stock Options will vest periodically in accordance with Company polices. Participation in annual stock option and restricted share grants is subject to approval of the Compensation Committee of the Board of Directors.
Bonus Percentage. The Bonus Percentage is 0% if the Sale Price of INTEGRAL common stock is less than $32.00 per share. The Bonus Percentage equals 10% if the Sale Price of INTEGRAL common stock is $32.00 per share. The Bonus Percentage incrementally increases over that percentage by 0.03333% for every one cent incremental increase in the Sale Price of INTEGRAL common stock over $32.00 per share. For example, if the Sale Price of INTEGRAL common stock is $42.00 per share, the Bonus Percentage is 43.33% (i.e., 10% + (0.03333% x 1000)). On the other hand, if the Sale Price is $30.00 per share, the Bonus Percentage would be 0%. These are hypothetical examples solely to illustrate the Bonus Percentage calculation.
Bonus Percentage. You will be eligible to receive a bonus (“Annual Bonus”) for each fiscal year of the Company under a plan established by the Company in the amount determined by the Company’s Board of Directors or its Compensation Committee (the “Board”) based upon achievement of performance measures derived from the business plan presented by management and approved by the Board. For fiscal year 2015, you will continue to be eligible for an Annual Bonus under the bonus plan in which you are a participant prior to the Restructuring. Your target Annual Bonus will be 60% of your Base Salary. If such performance measures are only partially achieved or not achieved, you will only be entitled to such Annual Bonus, if any, as provided under the applicable bonus plan or as otherwise determined in the sole discretion of the Board.
Bonus Percentage. Participation in the Incentive Compensation Plan including cash bonuses and stock options and grants in accordance with Executive Salary Grade 16. Current annual incentive compensation at this grade is a target bonus of 75% of Annual Base Salary with a maximum of 150% of Annual Base Salary. Equity Grants: Initial grant of 75,000 Stock Options and 25,000 Restricted Shares as an incoming member of senior management, and continuing participation in the Company’s annual stock option plans for the Company’s senior management. The Restricted Shares will vest five years after the Effective Date of your employment, subject to your continuous employment by the Company and the Company achieving certain targeted financial goals. The granted Stock Options and Restricted Shares otherwise will vest periodically in accordance with Company polices. Participation in annual stock option grants is subject to approval of the Compensation Committee of the Board of Directors.
Bonus Percentage. Participation in the Incentive Compensation Plan including cash bonuses and stock options and grants in accordance with Executive Salary Grade 14. Current annual incentive compensation at this grade is a target bonus of 75% of Annual Base Salary with a maximum of 150% of Annual Base Salary. Equity Grants: Initial grant of 10,000 Stock Options and 10,000 Restricted Shares as an incoming member of senior management, and continuing participation in the Company’s annual stock option plans for the Company’s senior management. The granted Stock Options and Restricted Shares will vest periodically in accordance with Company polices. Participation in annual stock option grants is subject to approval of the Compensation Committee of the Board of Directors.
Bonus Percentage. The Founder’s “Bonus Percentage” shall be as follows:
i. 10% for a Crude Corn Oil Purchase Agreement with a term of three (3) years.
ii. 15% for a Crude Corn Oil Purchase Agreement with a term of four (4) years.
iii. 25% for a Crude Corn Oil Purchase Agreement with a term of five (5) years.