Bonus Provisions. Your bonus target (expressed as a percentage of your base salary) for 2012 will be the same as your bonus target for 2011. While you will no longer be eligible to be granted options or other equity awards in the Company or Toshiba, the options you would have been granted in 2012 will be replaced with an additional cash award with equivalent value to the option awards you have received in the past. This additional cash award is expected to be worth $40,000. Specific performance requirements to earn this award are yet to be determined, however the award will not be payable to you until 2014. Accordingly, your annual bonus payout will be earned and payable on May 31, 2013 and the additional cash award will be earned and payable on May 15, 2014. You will receive a similar equity-replacement bonus opportunity for each successive year you remain employed with the Company or Toshiba.
Bonus Provisions. Pre-Tax Net Profits Bonus Pool For the twelve-month period commencing January 1, 2006 and ending December 31, 2006, the Company will set aside for the Company's employees a bonus pool ("Pre-Tax Net Profits Bonus Pool") equal to ten percent (10%) of the amount by which the Company's Pre-Tax Net Profits for such calendar year exceeds One Million One Hundred Thousand Dollars ($1,100,000.00), based on the Company's audited financial statements for the 2006 calendar year. For the twelve-month period commencing January 1, 2007 and ending December 31, 2007, the Company will set aside for the Company's employees a Pre-Tax Net Profits Bonus Pool equal to ten percent (10%) of the amount by which the Company's Pre-Tax Net Profits for such calendar year exceeds the greater of (i) One Million One Hundred Thousand Dollars ($1,100,000.00) or (ii) Pre-Tax Net Profits for the 2006 calendar year, based on the Company's audited financial statements for the 2006 and 2007 calendar years.
Bonus Provisions. Developer shall be entitled to utilize available bonus provisions under Scottsdale Revised City Code, Appendix B – Basic Zoning Ordinance, Article VI, - Supplemental Districts, Section 6.1310 to obtain an increase in dwelling units and obtain additional building height for the Project not to exceed the amount approved in the Development Plan for Case No. 9-ZN-2019, if Developer:
4.2.1 Constructs offsetting qualifying public improvements (“Qualifying Improvements”) as defined under Scottsdale Revised City Code, Appendix B
4.2.2 Pays into the City’s Downtown Special Improvement Trust Fund (“Bonus Standard Payments”), provided that;
4.2.3 The combination of any such Bonus Standards Payments or Qualifying Improvement equals a minimum of One Million Six Hundred Thirty-Five Thousand Nine Hundred Dollars ($1,635,900.00), as calculated by the Contribution Cost formula defined under Scottsdale Revised City Code, Appendix B – Basic Zoning Ordinance, Article VI, - Supplemental Districts, Section 7.1200.D.
Bonus Provisions. (i) The Company shall provide the Executive with an opportunity to earn an annual bonus (the "Annual Bonus") equal to at least 25% of the Base Salary for each fiscal year during the Agreement Term beginning with the 2003 fiscal year pursuant to a bonus plan to be established by the Company. The Annual Bonus, if any, shall be paid to the Executive no later than in the first regular pay period of the Company that occurs after the first fiscal quarter of the year that immediately follows the year in which the Annual Bonus was earned, notwithstanding any expiration of this Agreement as of the last day of such year. (ii) In addition to the Annual Bonus payments, Company shall pay to Executive the following three special bonuses: A. $25,500.00 on or before March 15, 2003; B. $42,000.00 on or before October 31, 2003; and C. $42,000.00 on or before October 31, 2004.
Bonus Provisions. As described in the Offering Memorandum dated October 30, 2015 under “Executive Compensation — Special Bonus Provisions”, the Company has established a bonus plan for certain of its officers as follows:
Bonus Provisions. Developer shall be entitled to utilize available bonus provisions under Scottsdale Revised City Code, Appendix B – Basic Zoning Ordinance, Article VI, - Supplemental Districts, Section 6.1310 to obtain an increase in dwelling units and obtain additional building height for the Project not to exceed the amount approved in the Development Plan for Case No. 9-ZN-2019, if Developer:
Bonus Provisions. Section 3(c) of the Original Agreement is hereby amended and restated in its entirety as follows: “In addition to the Base Salary, the Board may, in its sole discretion, award a bonus (the “Bonus”) to Executive following the end of each fiscal year during the Employment Period based upon Executive’s performance and the Company’s operating results during such year. The Compensation Committee of the Board shall determine, as soon as practicable after the Board approves the Company’s budget for a fiscal year, the Bonus which Executive shall be eligible to earn for such fiscal year; provided that, Executive shall be eligible to earn a target bonus of at least $300,000 for each fiscal year.” Schedule A to the Original Agreement is hereby deleted in its entirety.
Bonus Provisions. The Company shall pay the Executive a mutually agreed-upon annual bonus for each year after the 1st year (the "Annual Bonus"). For the first year, in lieu of bonus, unless otherwise mutually agreed to, the Executive will remain on the same quarterly commission arrangement with the Company as was in effect for the fiscal year ended July 31, 2003 with Net2Phone, Inc. The Annual Bonus, if any, shall be earned as of the last day of each fiscal year of the Company and shall be paid to the Executive no later than in the first regular pay period of the Company that occurs after the end of the first fiscal quarter of the year that immediately follows the year in which the Annual Bonus was earned, notwithstanding any expiration of this Agreement as of the last day of such year or termination of the Executive's employment prior to payment. Upon renewal of this Agreement, the parties will agree as to the formula for calculating the Annual Bonus for the applicable renewal term.
Bonus Provisions
