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Bonus Pools Sample Clauses

Bonus Pools. Executive will be entitled to participate in any and all executive bonus pools (whether comprised of cash, stock or cash and stock) that Employer offers to its executives.
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Bonus Pools. After the end of each fiscal year, the Company shall establish a bonus pool (each, a "Bonus Pool") for the Participants as follows: a. If the actual EBITDA for such year is less than 95% of the EBITDA target for such fiscal year, there shall be no Bonus Pool for such year. b. If the actual EBITDA for such year is greater than 95% and less than or equal to 100% of the EBITDA target for such year, the Bonus Pool for such year shall equal 20% of the Cap Number for such year for each full percentage point by which the actual EBITDA exceeds 95% of the target EBITDA, up to a maximum of the Cap Number. For purposes hereof, the "Cap Number" shall mean $500,000 in fiscal year 1999, and for each fiscal year thereafter shall be equal to the Cap Number for the prior fiscal year increased by a factor equal to the positive growth rate in actual EBITDA for such fiscal year over actual EBITDA for the prior fiscal year, if such growth rate is in excess of 10%. c. If the actual EBITDA for such year is greater than 100% and less than or equal to 110% of the EBITDA target for such year, the Bonus Pool for such year shall be the greater of (i) the Cap Number for such year and (ii) 10% of the amount by which the actual EBITDA for such year exceeds 95% of the EBITDA target for such year. d. If the actual EBITDA for such year is greater than 110% of the EBITDA target for such year, the Bonus Pool for such year shall equal (i) the amount specified in subparagraph c above plus (ii) 15% of the amount by which the actual EBITDA for such year exceeds 110% of the EBITDA target for such year.
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Bonus Pools. The Capella Group provides 3 (three) revenue sharing pools from the sale of Medical Discount Cards and affiliated products sold through IMRs:
Sample 1
Bonus Pools. Notwithstanding paragraph (j)(1) of this section, the rules in paragraph (e)(2)(iii)(A) that limit the sum of individual percentages of a bonus pool to 100 percent will not apply to remuneration paid before Jan- uary 1, 2001, based on performance in any performance period that began prior to December 20, 1995. (v) Compensation based on a percentage of salary or base pay. Notwithstanding paragraph (j)(1) of this section, the re- quirement in paragraph (e)(4)(i) of this section that, in the case of certain for- mulas based on a percentage of salary or base pay, a corporation disclose to shareholders the maximum dollar amount of compensation that could be paid to the employee, will apply only to plans approved by shareholders after April 30, 1995. [T.D. 8650, 60 FR 65537, Dec. 20, 1995, as amended at 61 FR 4350, Feb. 6, 1996] (a) Introduction—(1) In general. Sec- tion 162(e)(1) denies a deduction for cer- tain amounts paid or incurred in con- nection with activities described in section 162(e)(1) (A) and (D) (lobbying activities). To determine the nondeduct- ible amount, a taxpayer must allocate costs to lobbying activities. This sec- tion describes costs that must be allo- cated to lobbying activities and pre- scribes rules permitting a taxpayer to use a reasonable method to allocate those costs. This section does not apply to taxpayers subject to section 162(e)(5)(A). In addition, this section does not apply for purposes of sections 4911 and 4945 and the regulations there- under.
Sample 1
Bonus Pools. (a) For each of the first three Anniversary Periods following the Closing Date, Buyer shall establish a $15 million incentive compensation bonus pool for the exclusive benefit of Eligible Seller Employees who were participants in the Principals' Profit-Sharing Pool as of the Closing Date (the "IC BONUS POOL"). Any IC Bonus Pool amounts that have not been awarded as of the conclusion of the first or second Anniversary Period following the Closing Date shall be added to the Bonus Pool with respect to the subsequent Anniversary Period; provided that as of the conclusion of the third Anniversary Period following the Closing Date, any amount remaining in the IC Bonus Pool (including any carry-over amounts) shall be allocated to Eligible Seller Employees who were participants in the Principals' Profit-Sharing Pool as of the Closing Date. (b) The Executive Committee, subject to approval by Buyer's Board of Directors and/or its Board Compensation Committee, will have the discretion to establish a commissions bonus pool and a general bonus pool for General Seller Employees. (c) Upon the conclusion of the third Anniversary Period following the Closing Date, all Eligible Seller Employees and any General Seller Employee deemed eligible by the Executive Committee (subject to approval by Buyer's Board of Directors and/or its Board Compensation Committee) shall be eligible to participate in Buyer's incentive compensation programs. (d) The Executive Committee shall be responsible for making all awards from (i) the bonus pools referred to in this Section and (ii) Buyer's incentive compensation program, in each case as provided in this Section and subject to approval by Buyer's Board of Directors and/or its Board Compensation Committee.
Sample 1
Bonus Pools. On the Closing Date, the Company shall establish the following bonus pools: (i) a retention bonus pool in the amount of $500,000 (the “Retention Bonus Pool”) and (ii) a contingent bonus pool in the aggregate amount of up to $888,000 (the “Contingent Bonus Pool”), $388,000 of which shall be funded from the Majority Member’s Pro Rata Share of the Second Measurement Period Additional Earn-Out, the Third Measurement Period Additional Earn-Out and the amounts payable pursuant to Section 3.1(c) above, in each case, as set forth below. The Retention Bonus Pool and the Contingent Bonus Pool shall be distributed as follows: (a) The Company shall disburse the entire amount of the Retention Bonus Pool on the first (1st) anniversary of the Closing Date (the “First Disbursement Date”) to the then-current employees of the Company in such amounts as the Majority Member shall direct in its sole discretion prior to the First Disbursement Date, without offset for any amounts otherwise due and payable or alleged to be due and payable pursuant to the Agreement. (b) If the First Measurement Period EBITDA equals or exceeds $2,600,000, the then-current employees of the Company shall receive $296,000 from the Contingent Bonus Pool. (c) If the Second Measurement Period EBTIDA equals or exceeds $2,800,000, the Company shall fund $92,000 into the Contingent Bonus Pool from the Majority Member’s Pro Rata Share of the Second Measurement Period Additional Earn-Out and the then-current employees of the Company shall receive $296,000 from the Contingent Bonus Pool. (d) If the Third Measurement Period EBITDA equals or exceeds $3,000,000, the Company shall fund into the Contingent Bonus Pool $296,000 from the Majority Member’s Pro Rata Share of the Third Measurement Period Additional Earn-Out and the then-current employees of the Company shall receive $296,000 from the Contingent Bonus Pool. (e) If and to the extent at the end of the Third Measurement Period (i) the aggregate EBITDA for all three of the Measurement Periods, as measured on the last day of the Third Measurement Period, equals or exceeds $4,800,000 and (ii) the aggregate amount of the Revenue for all three of the Measurement Periods, as measured on the last day of the Third Measurement Period, equals or exceeds $72,000,000 and (iii) the employees of the Company did not receive an aggregate amount of $888,000 from the Contingent Bonus Pool pursuant to Sections 3(b) through 3(d) above, then (A) the Company shall fund into the C...
Sample 1
Bonus Pools. For purposes of bonuses payable in respect of the 2004 fiscal year, the methodologies used by the Company and its Subsidiaries as of the date of this Agreement to determine bonus pools and the terms and conditions of such bonus pools shall not be changed without the consent of a majority of the Board of Directors (which majority must include at least one Authorized Sachs Director, unless there are no Sachs Directors at such time).
Sample 1

Related to Bonus Pools

  • Bonus Program You will be eligible for an annual target bonus of 35% 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.

  • Bonus Payments No employee shall be required or requested to make any written or verbal agreement that will conflict with the terms of this Agreement. All employees must be paid weekly for all hours worked as provided in this Agreement. Any bonuses, commissions or other methods of payments over and above the requirements of this Agreement shall be in addition to the requirements of this Agreement and may not be used to offset such contractual requirements and shall not be subject to negotiations.

  • 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 Programs Employee may participate in any incentive program which may be made available from time to time to Corporation’s employees at Employee’s level; provided, however, that Employee’s participation is subject to the applicable terms, conditions and eligibility requirements of the program, as they may exist from time to time.

  • 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.

  • Bonus Plan Such bonus, if any, as shall be determined upon the recommendation of the CEO by the Board (or any designated Committee of the Board comprised solely of independent directors), shall be paid in accordance with the terms and conditions of the bonus plan established for the Company (“Bonus Plan”).

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Incentive Compensation Program In order to enhance consistency in sales efforts for products offered inside and outside of Covered California, Contractor shall consider information provided by Covered California regarding sales commissions in order to credit the Agent’s sale of QDPs through Covered California for Small Business to the Agent’s sale of Contractor’s policies outside Covered California for purposes of determining Agent’s aggregate sales that shall be used by Contractor to determine incentive or other compensation payable by Contractor to Agent. Contractor shall provide information as may reasonably be required by Covered California from time to time to monitor Contractor’s compliance with the requirements set forth in this section.

  • Bonus Plans A bonus is a lump sum payment that is not a permanent increase to the base salary of the individual and may be granted at the discretion of the President. A bonus may be awarded at any time and may be used for a variety of salary adjustments including, but not limited to the following:

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

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