Bonus Provisions Sample Clauses

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 $120,750. 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.
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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.
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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.
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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.
Sample 1
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.
Sample 1
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: (i) If the Company files a Registration Statement registering the resale of the Registrable Shares (including, for the avoidance of doubt, an IPO Registration Statement covering all of the Registrable Shares) on or before June 15, 2016 (a “Registration Bonus”), then the Company shall pay bonuses of $250,000 in the aggregate to certain officers and other key employees of the Company as determined by management, in consultation with the Company’s Board of Directors; (ii) If a Registration Statement registering the resale of the Registrable Shares (including, for the avoidance of doubt, an IPO Registration Statement covering all of the Registrable Shares) is declared effective by the Commission prior to December 20, 2016 (an “Effectiveness Bonus”), and the Registrable Shares are then listed on the New York Stock Exchange, the NASDAQ Global Market on the NASDAQ Capital Markets, then the Company shall pay bonuses of $500,000 in the aggregate to certain officers and other key employees of the Company as determined by management, in consultation with the Company’s Board of Directors; and (iii) the dates specified in this Section 2(f) are not subject to any extension, if such bonuses are not earned the Company shall not take any action to replace, substitute for, or otherwise make up for such bonuses.
Sample 1
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.
Sample 1
Bonus Provisions 
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Related to Bonus Provisions

  • SAVINGS PROVISIONS 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.

  • 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).

  • 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.

  • 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.

  • Vesting Provisions Subject to the provisions of paragraph 3 below, the option shall vest 331/3% on each of July 31, 2017, July 31, 2018 and July 31, 2019, except as follows:

  • Governing Provisions This Agreement is made under and subject to the provisions of the Plan, and all of the provisions of the Plan are also provisions of this Agreement. If there is a difference or conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan will govern. By signing this Agreement, the Grantee confirms that he or she has received a copy of the Plan.

  • 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.

  • 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.

  • Miscellaneous Provisions The following miscellaneous provisions are a part of this Agreement:

  • Transitional Provisions 24.1. As from the official date of entry into force of the 01 series of amendments to this Regulation, no Contracting Party applying this Regulation shall refuse to grant or refuse to accept type approval under this Regulation as amended by the 01 series of amendments. 24.2. As from 12 months after the date of entry into force of the 01 series of amendments to this Regulation, Contracting Parties applying this Regulation shall grant approvals only if the type of components to be approved meets the requirements of Part I of this Regulation as amended by the 01 series of amendments to this Regulation. 24.3. Type approvals of components other than fuel rail, as defined in paragraph 4.72., granted according to the original version of this Regulation or of components granted according to the 01 series of amendments, shall remain valid and shall be accepted for the purpose of their installation on vehicles as long as the requirements for the specific component have not changed by any series of amendments. 24.4. As from 18 months after the date of entry into force of the 01 series of amendments to this Regulation, Contracting Parties applying this Regulation shall grant approvals only if the vehicle type to be approved meets the requirements of Part II of this Regulation as amended by the 01 series of amendments to this Regulation. 24.5. Until 12 months after the date of entry into force of the 01 series of amendments to this Regulation, Contracting Parties applying this Regulation can continue to grant type approvals for the type of components to the original version of this Regulation without taking into account the provisions of the 01 series of amendments. 24.6. Until 18 months after the date of entry into force of the 01 series of amendments to this Regulation, Contracting Parties applying this Regulation can continue to grant type approvals for the vehicle type to the original version of this Regulation without taking into account the provisions of the 01 series of amendments. 24.7. Notwithstanding the provisions of paragraphs 24.5. and 24.6., Contracting Parties applying this Regulation shall not refuse to grant extensions of type approvals for existing types of component or vehicle types which have been issued according to this Regulation without taking into account the provisions of the 01 series of amendments to this Regulation. 24.8. As from the official date of entry into force of the 02 series of amendments to this Regulation, no Contracting Party applying this Regulation shall refuse to grant or refuse to accept type approval under this Regulation as amended by the 02 series of amendments. 24.9. As from 1 September 2017 Contracting Parties applying this Regulation shall grant approvals only if the type of components to be approved meets the requirements of Part I of this Regulation as amended by the 02 series of amendments to this Regulation. 24.10. As from 1 September 2018 Contracting Parties applying this Regulation shall grant approvals only if the vehicle type to be approved meets the requirements of Part II of this Regulation as amended by the 02 series of amendments to this Regulation. 24.11. As from 1 September 2019 Contracting Parties applying this Regulation may refuse to recognize approvals of a type of vehicle which have not been granted in accordance with Part II of this Regulation as amended by the 02 series of amendments to this Regulation. 24.12. Contracting Parties applying this Regulation shall not refuse to grant extensions of type approvals for existing types of component or vehicle types which have been issued according to this Regulation without taking into account the provisions of the 02 series of amendments to this Regulation. 24.13. Notwithstanding paragraphs 24.11. and 24.12., Contracting Parties applying this Regulation shall continue to accept type approvals granted to the preceding series of amendments, which are not affected by the 02 series of amendments.