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Bonus Provision Sample Clauses

Bonus Provision. As an Executive of GNA or TAC, Employee shall be eligible for a bonus up to 50% percent of Base Salary. The Company may approve discretionary bonus amounts above 50% of Base Salary based on results. To receive a bonus, the Employee must be employed by GNA or TAC on the payment date of the bonus. The amount of the bonus, which will be paid to Employee within a reasonable time (no later than March 15) after the end of the fiscal year, will be determined by GNA in its discretion taking into account the goals and objectives of the bonus plan established for each fiscal year. Attachment I to this agreement specifies fiscal year 2009 bonus criteria.
Bonus ProvisionBuyer shall provide for the payment of bonuses --------------- to employees of the Merger Subs in the aggregate amount of four hundred and seventy thousand dollars ($470,000).
Bonus Provision. Cxxxxx shall receive a one time sign on bonus of $50,000.00, due and payable upon completion of the Equity Round of financing. In addition, Cxxxxx shall receive an annual bonus as follows: a. During the first year of employment the annual bonus is guaranteed to be at least twenty-five percent (25%) of his annual base salary with the potential of receiving up to fifty percent (50%) of his annual base salary based upon performance. Said annual bonus to be paid within thirty (30) days of Cxxxxx'x first anniversary date with the Company; b. During ensuing years, Cxxxxx shall receive a minimum annual bonus of at least fifteen percent (15%) of his base annual salary with the potential of receiving up to twenty-five percent (25%) of his annual base salary based upon performance. Said annual bonus to be paid within thirty (30) days of each subsequent anniversary date with the Company.
Bonus Provision. This bonus provision applies only in the event Employer pays, in whole or in part, a certain deferred payment obligation to Prinxx-Xxxx Xxxormation Systems Management, Inc. ("PRISM") pursuant to a certain Professional Services AGREEMENT between Employer and PRISM of the 1st day of July 1992, in which event Employee shall receive, one third (1/3) of the amount paid by Employer to PRISM for each such payment, as a bonus payment, payable in the calendar year in which the deferred payment obligation of Employer to PRISM is paid. EMPLOYMENT AGREEMENT MODIFICATION #1 The AGREEMENT dated and effective the 2nd day of January 1993, between Open Solutions Inc., a Delaware corporation, with a place of business at 330 Xxxxxxx Xxxx, Vernxx, Xxnnecticut 06066 ("Employer") and Grahxx Xxxxxx, xxdividually, with a residence at 64 Dxxxxx Xxx, Xxxxxxx Xxxxx, Xxx Xxxx ("Xmployee") is modified as follows: Schedule A is modified such that the reference to one third (1/3) in the Bonus Provision thereof shall read one half (1/2).
Bonus Provision. For every $500,000.00 investment, the Investor shall receive a twenty percent (20%) bonus in the form of restricted, unregistered common stock to be registered in conjunction with the larger equity raise to follow. As example, each individual investment of $500,000.00 shall be entitled to a stock bonus of 100,000 shares. For each investment of $1,000,000.00 a stock bonus of 200,000 shares shall be issued to the Investor
Bonus Provision. Gilead poskytne Kupujícímu v souladu s jeho požadavkem Bonus za odběr Produktů, a to ve výši a za podmínek stanovených touto Dohodou a přílohou č. 1 této Dohody. Výběr Produktů uvedených v Příloze č. 1
Bonus Provision. This bonus provision applies only in the event Employer pays, in whole or in part, a certain deferred payment obligation to Prinxx-Xxxx Xxxormation Systems Management, Inc. ("PRISM") pursuant to a certain Professional Services AGREEMENT between Employer and PRISM of the 1st day of July 1992, in which event Employee shall receive, one third (1/3) of the amount paid by Employer to PRISM for each such payment, as a bonus payment, payable in the calendar year in which the deferred payment obligation of Employer to PRISM is paid.

Related to Bonus Provision

  • 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.

  • Clawback Provision Notwithstanding any other provisions in this Agreement to the contrary, in the event that the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, to the extent required by such laws or government regulations, the Company shall recover from the Executive any such incentive-based compensation (if any) paid to the Executive pursuant to this Agreement during the three (3) year period preceding the date on which the Company is required to prepare the accounting restatement, based on the erroneous data, in excess of what would have been paid to the Executive under the accounting restatement.

  • SAVINGS PROVISION If any provisions of this Agreement are held to be contrary to law by a court of competent jurisdiction, such provisions will not be deemed valid and subsisting except to the extent permitted by law, but all other provisions will continue in full force and effect.

  • 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”).

  • Change in Control Provisions Notwithstanding anything to the contrary in these Terms and Conditions, the following provisions shall apply to all Stock Units granted under the attached Award Agreement.

  • 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.

  • 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.

  • Clawback Provisions Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company which is subject to recovery under any law, government regulation or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement).

  • Compensation of Consultant Town agrees to pay to Consultant for satisfactory completion of all services included in this Agreement a total fee of Fifty Thousand ($50,000.00) for the Project as set forth and described in Exhibit B - Compensation Schedule and incorporated herein as if written word for word. Lump sum fees shall be billed monthly based on the percentage of completion. Hourly not to exceed fees shall be billed monthly based on hours of work that have been completed. Direct Costs for expenses such as mileage, copies, scans, sub- consultants, and similar costs are included in fees and shall be billed as completed. Consultant agrees to submit statements to Town for professional services no more than once per month. These statements will be based upon Consultant's actual services performed and reimbursable expenses incurred, if any, and Town shall endeavor to make prompt payments. Each statement submitted by Consultant to Town shall be reasonably itemized to show the amount of work performed during that period. If Town fails to pay Consultant within sixty (60) calendar days of the receipt of Consultant's invoice, Consultant may, after giving ten (10) days written notice to Town, suspend professional services until paid. Nothing contained in this Agreement shall require Town to pay for any work that is unsatisfactory as reasonably determined by Town or which is not submitted in compliance with the terms of this Agreement. The Scope of Services shall be strictly limited. Town shall not be required to pay any amount in excess of the original proposed amount unless Town shall have approved in writing in advance (prior to the performance of additional work) the payment of additional amounts.

  • DURATION, AMENDING, TERMINATING, AND MISCELLANEOUS PROVISIONS 3.1 This Agreement shall take effect on 07/01/2021 and shall remain in effect until 06/30/2022. 3.2 This Agreement may be amended at any time by written, mutual consent of the State and the Fiscal Service. This Agreement shall be amended annually to incorporate new programs that qualify as major Federal assistance programs and remove programs that no longer qualify as major Federal assistance programs. A State must notify the Fiscal Service in writing within 30 days of the time the State becomes aware of a change that involves additions or deletions of programs subject to Subpart A, changes in funding techniques, and/or changes in clearance patterns. The notification must include a proposed amendment for review by the Fiscal Service. 3.3 Notwithstanding section 3.2, in the event of Federal or State non-compliance with Subpart B of 31 CFR, Part 205, the Fiscal Service may amend this Agreement at any time to incorporate additional programs and the entities that administer those programs. 3.4 This Agreement may be terminated by either party with 30 days written notice. If this Agreement is terminated, the Fiscal Service will prescribe the funding techniques, clearance patterns, and methods for calculating interest liabilities to be used by the State.