Common use of Bonus Plan; Equity Awards Clause in Contracts

Bonus Plan; Equity Awards. Executive shall be eligible to receive an annual bonus in accordance with Company bonus policy to be established by the Board from time to time (the “Annual Bonus”). The Annual Bonus, if any, will be determined by the Board based upon the Company’s annual achievement of financial performance goals and other annual objectives as determined by the Board in good faith for each fiscal year of the Company. For 2009, Executive will be eligible to receive an Annual Bonus of up to forty percent (40%) of his 2009 Annual Base Salary upon 100% achievement of 2009 annual objectives. For subsequent years, the Annual Bonus target as a percentage of then-current Annual Base Salary, may be adjusted, but may not be less than 40% of the Executive’s then-current Annual Base Salary.

Appears in 3 contracts

Samples: Executive Employment Agreement (Rosetta Stone Inc), Executive Employment Agreement (Rosetta Stone Inc), Executive Employment Agreement (Rosetta Stone Inc)

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Bonus Plan; Equity Awards. Executive shall be eligible to receive an annual bonus in accordance with Company Corporation bonus policy to be established by the Board from time to time (the "Annual Bonus"). The Annual Bonus, if any, will be determined by the Board based upon the Company’s Corporation's annual achievement of financial performance goals and other annual objectives as determined by the Board in good faith for each fiscal year of the CompanyCorporation. For 20092016, Executive will be eligible to receive an Annual Bonus of up to forty fifty percent (4050%) of his 2009 2016 Annual Base Salary upon 100% achievement of 2009 2016 annual objectives. For subsequent years, the Annual Bonus target as a percentage of then-current Annual Base Salary, may be adjusted, but may not be less than 4050% of the Executive’s 's then-current Annual Base Salary.

Appears in 2 contracts

Samples: Executive Management Agreement (Dubuc Motors Inc.), Executive Management Agreement (Dubuc Motors Inc.)

Bonus Plan; Equity Awards. Executive shall be eligible to receive an annual bonus in accordance with Company bonus policy to be established by the Board of Directors from time to time (the “Annual Bonus”). The Annual Bonus, if any, will be determined by the Board based upon the Company’s annual achievement of financial performance goals and other annual objectives as determined by the Board in good faith for each fiscal year of the Company. For 2009, Executive will be eligible to receive an Annual Bonus of up to forty sixty percent (4060%) of his 2009 Annual Base Salary upon 100% achievement of 2009 annual objectives. For subsequent years, the Annual Bonus target as a percentage of then-current Annual Base Salary, may be adjusted, but may not be less than 4060% of the Executive’s then-current Annual Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Rosetta Stone Inc)

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Bonus Plan; Equity Awards. Executive shall be eligible to receive an annual bonus in accordance with Company bonus policy to be established by the Board from time to time (the “Annual Bonus”). The Annual Bonus, if any, will be determined by the Board based upon the Company’s annual achievement of financial performance goals and other annual objectives as determined by the Board in good faith for each fiscal year of the Company. For 2009, Executive will be eligible to receive an Annual Bonus of up to forty fifty percent (4050%) of his 2009 Annual Base Salary upon 100% achievement of 2009 annual objectives. For subsequent years, the Annual Bonus target as a percentage of then-current Annual Base Salary, may be adjusted, but may not be less than 4050% of the Executive’s then-current Annual Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Rosetta Stone Inc)

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