BONUS SCHEME. The Employee will participate in the management bonus scheme and share option scheme, to be established for the Company.
BONUS SCHEME. The Executive will be entitled to participate in any contractual bonus scheme or schemes established from time to time by the Company, the Listed Company or any other Group Company for executives of equivalent status to the Executive, subject always to the rules of those schemes. Any agreement which shall contractually determine the terms pursuant to which the Executive shall be entitled to bonus payments out of the profits of the Company in accordance with the provisions of Law 4111/2013, art. 43 para.5 shall be hereafter referred to as the “Bonus Scheme Agreement”.
BONUS SCHEME. The Executive will be entitled to participate in any contractual bonus scheme or schemes established from time to time by the Company for executives of equivalent status to the Executive, subject always to the rules of those schemes. The Executive may from time to time receive a bonus payment up to an annual maximum of 25% of the Executive’s basic salary as set out in clause 5.1 above based on achievement of objectives to be agreed between the Executive and the Company from time to time. The payment and amount of any payment (within the 25% of basic salary threshold) is at the Company’s absolute discretion. A payment at any particular time will not create any entitlement to or expectation of any future payment or the amount of any future payment. Save in the case of any accrued bonus under any bonus scheme in which the Executive is participating, the Executive will not be entitled to receive any such bonus payment if, at the date the bonus payment under the bonus scheme would ordinarily be made, she is not employed by the Company or if the Executive has served notice to terminate her employment without Good Reason (as defined above).
BONUS SCHEME. The Company operates a non-contractual scheme of up to 40% of base salary, against clearly defined objectives. This scheme is reviewed and may change on an annual basis including the discontinuation subject to company profits.
BONUS SCHEME. Subject to the terms, conditions and rules of any applicable bonus plan in force from time to time and the successful achievement by you and by the Company of any targets, budgets or objectives determined by the Compensation Committee of the Parent for each year, you shall be eligible for a discretionary bonus of up to 30% of your basic annual salary at the applicable time. Whether each target or objective has been successfully completed, whether to pay any bonus and, if so, the amount of any bonus are matters within the discretion of the Compensation Committee of the Parent. You agree that the terms, conditions and rules applicable to the bonus plan may be varied from time to time in the absolute discretion of the Company and you acknowledge that the targets and objectives are likely to vary from year to year. The fact that a bonus is paid in one year is no guarantee that bonuses will be paid in subsequent years. As the bonus is intended to incentivise you to remain in the employment of the Company, the payment of any bonus is conditional on your being in the employment of the Company on the day the bonus is due for payment. All bonuses shall be subject to deductions for income tax, employee's national insurance contributions and any other withholdings required by applicable law.
BONUS SCHEME. Permanent employees have the opportunity of receiving the bonus payment subject to the achievement of the targets contained in Appendix C.
BONUS SCHEME. 7.1 In consideration for the Executive agreeing to take up employment under the terms set out in this Agreement the Company agrees to pay to the Executive the sum of £35,000 subject to deductions for tax and National Insurance in the usual way. This payment will be made within 15 days of the commencement of the Executive’s employment under this Agreement but the net amount after deduction of payroll and other taxes shall be repayable in full to the Company if the Executive gives notice to terminate his employment or his employment has terminated within 12 months of the commencement of his employment. The Company reserves the right to deduct this sum from any payment owing to the Executive upon termination of his employment. The parties agree that this sum referred to in clause 7.1 will be recoverable by the Company as a debt.
7.2 The Executive will be entitled to participate in any contractual bonus scheme or schemes established from time to time by the Company for executives of equivalent status to the Executive, subject always to the rules of those schemes. The Executive may from time to time receive a bonus payment up to an annual maximum of 25% of the Executive’s basic salary as set out in clause 5.1 above based on achievement of objectives to be agreed between the Executive and the Company from time to time. The payment and amount of any payment (within the 25% of basic salary threshold) is at the Company’s absolute discretion. A payment at any particular time will not create any entitlement to or expectation of any future payment or the amount of any future payment. Save in the case of any accrued bonus under any bonus scheme in which the Executive is participating, the Executive will not be entitled to receive any such bonus payment if, at the date the bonus payment under the bonus scheme would ordinarily be made, he is not employed by the Company or if the Executive has served notice to terminate his employment without Good Reason (as defined above).
BONUS SCHEME. 7.1 The Executive will be entitled to participate in any contractual bonus scheme or schemes established from time to time by the Company for executives of equivalent status to the Executive, subject always to the rules of those schemes. The Executive may from time to time receive a bonus payment up to an annual maximum of 40% of the Executive’s basic salary as set out in clause 5.1 above based on achievement of objectives to be agreed between the Executive and the Company from time to time. The payment and amount of any payment (within the 40% of basic salary threshold) is at the Company’s absolute discretion. A payment at any particular time will not create any entitlement to or expectation of any future payment or the amount of any future payment. Save in the case of any accrued bonus under any bonus scheme in which the Executive is participating, the Executive will not be entitled to receive any such bonus payment if, at the date the bonus payment under the bonus scheme would ordinarily be made, he is not employed by the Company or if the Executive has served notice to terminate his employment without Good Reason (as defined above).
7.2 The Executive shall also be entitled to receive a special transaction bonus equal to six months’ bonus at the maximum percentage such amount to be paid in the payroll immediately following the completion of the Poseidon Merger less usual deductions (the Transaction Bonus), provided always that on the date for payment the Executive has not given notice to terminate his employment with the Company (whether on notice or with immediate effect) and the Company has not given notice to terminate the Executive’s employment pursuant to clause 17.1 (in which case the Executive shall have no entitlement to the same). This bonus is additional to annual bonus and shall not be taken into account for the purpose of calculating pension contributions or any other salary-linked benefits. If the Poseidon Merger does not complete then the Transaction Bonus shall not be payable.
7.3 The Company agrees and confirms that in the event that the Poseidon Merger completes and completion is within 2018, the bonus amount payable to the Executive for the first three quarters of 2018 shall be calculated at the maximum percentage, such amount to paid in the payroll immediately following the completion of the Poseidon Merger less usual deductions, provided always that on the date for payment the Executive has not given notice to terminate his employmen...
BONUS SCHEME. All New and Existing Clients of the Company can request to receive the Bonus equal up to 100% of their Eligible Deposits if the following conditions are met:
a) The Client has deposited the Eligible Deposit amount or more or its equivalent in another currency in the Trading Account for which the Bonus Request is made. b) b) A Bonus cannot be placed and/or used in separate Trading Accounts. The Company reserves the right to deny any Bonus Request or to reduce the granted Bonus Amount based on its sole discretion and without providing any explanation for its decision.
4.1. The Size of the Bonus can be up to 100% of the Eligible Deposits of the Client. The management holds the discretion in special circumstances and right to increase the Bonus amount.
4.2. Once a Bonus Request has been approved, The Company shall transfer the Bonus to the client’s Trading Account in accordance with the following conditions:
a) The Bonus in the Trading Account can be denominated in EUR, USD or GBP currency.
b) b) No Internal Transfers of the Bonus amount to other Trading Accounts shall be allowed.
BONUS SCHEME. 6.1 Over and above the remuneration package and other benefits stipulated in this Contract of Employment, the Employee shall be eligible for an annual bonus that shall be based partially on “Company” and partially on “Individual” performance. This bonus is payable up to a maximum of US$ 400,000 (Four hundred Thousand United States Dollars ) per year, will be reviewed annually.
6.2 The Employee shall be entitled to be paid a pro-rated bonus in United States Dollars in respect of this Contract of Employment, with regard to the initial annual bonus period from 1st April 2007 and ending 31st March 2008, and thereafter in respect of each 12 month period of employment with the Company, commencing on 1st April each year and ending on 31 March (“Bonus Period”) if (a) for the “Company” portion, if the ruling price of ordinary shares in the Company for that bonus period as defined in 6.4, is higher than the base price for that Employment Period, as defined in 6.3 and (b) for the “Individual” portion if his performance in achieving objectives and Key Performance Indicators (KPIs) that are directly aligned with the Company’s Business Strategy and agreed with the C.E.O. are met, at or above, a satisfactory level, see 6.7..
6.3 For the Company portion of the bonus, the base price shall be in the case of each of the bonus periods in respect of which a bonus is to be calculated, the weighted average price of ordinary shares in the Company quoted on the Nasdaq Stock Market over the last calendar month preceding the Bonus period in respect of which the bonus is being calculated.
6.4 The ruling price for each Bonus period shall be the weighted average price of ordinary shares in the Company quoted on the Nasdaq Stock Market over the last calendar month of that Bonus period.
6.5 Should a bonus become payable to the Employee in respect of any bonus period, then the amount of such bonus shall be calculated in accordance with the following formula for the Company performance portion of the bonus: Where B is the amount of the bonus, in United States Dollars; P² is the ruling price for the bonus period in respect of which the bonus is being calculated, as defined in 6.4, and P¹ is the base price for the bonus period in respect of which the bonus is being calculated.
6.6 In the above formula, the factor 33,300 (Thirty Three thousand, three hundred) represents a fictional shareholding of 33 300 (Thirty three thousand, three hundred) shares in the share capital of the Company as pres...
