Bonus Targets Sample Clauses

Bonus Targets. Wasatch Revenue for Period 1 Cash Options for Bonus Common Stock Equal to or greater than $6,000,000 $27,000 10,500 shares Equal to or greater than $5,500,000 but less than $6,000,000 $24,000 10,500 shares Equal to or greater than $5,000,000 but less than $5,500,000 $21,000 10,500 shares Equal to or greater than $4,500,000 but less than $5,000,000 $18,000 9,000 shares Less than $4,500,000 $0 0 shares Wasatch Profit for Period 1 Equal to or greater than $1,200,000 $27,000 10,500 shares Equal to or greater than $1,100,000 but less than $1,200,000 $24,000 10,500 shares Equal to or greater than $1,000,000 but less than $1,100,000 $21,000 10,500 shares Equal to or greater than $900,000 but less than $1,000,000 $18,000 9,000 shares Less than $900,000 $0 0 shares Company Criteria for Period 1 Equal to or greater than $2,500,000 $27,000 9,000 shares Equal to or greater than $2,250,000 but less than $2,500,000 $24,000 9,000 shares Equal to or greater than $2,000,000 but less than $2,250,000 $18,000 9,000 shares Equal to or greater than $1,800,000 but less than $2,000,000 $15,000 7,500 shares Less than $1,800,000 $0 0 shares
Sample 1
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Bonus Targets. To Be Determined
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Bonus Targets. Bonus potential will be a percentage of the eligible employee’s base salary (excludes all fringe benefits (car allowance, etc.). Bonus Target Positions as % of base CEO 150 % CFO 50 % Corp SVPs 40 % Operations SVPs 40 % Corp VPs 30 % BONUS CRITERIA The bonus program for senior management has two components:
Sample 1
Bonus Targets. For the period of January 1, 1999, through December 31, 1999, the budgetary goals for earnings and asset growth in conjunction with the bonus to be paid to the Executive at the end of the fiscal year shall be the goals heretofore established by the Bank for that period and reflected in Paragraph 3.2 above. For the fiscal years commencing January 1, 2000, and thereafter, the targets to be used shall be established by the Bank Board in consultation with the Executive and shall be computed in accordance with Paragraphs 3.2 and 3.
Sample 1
Bonus Targets. The FY 2004 Executive Team bonus targets at 100% achievement of Plan are: CEO – 100% of base salary Senior Vice President – 80% of base salary Vice President – 60% of base salary General Bonus Plan Rules All Bonus Plan calculations for achievement of Revenue and Operating Plan parameters are net of all profit-sharing and bonus payments. Payouts are funded with 50% of the Operating Profits in excess of 5% of Revenue and profit-sharing payments are a credit against amounts earned under this Plan. Maximum Bonus for achieving Revenue Target is 200%. Maximum Bonus for achieving Operating Profit Target is 200%. Bonus will be paid within 30 days of completion of the annual audit Bonus payouts are based on the participant’s actual base payroll for the bonus year. Employees eligible to receive bonuses must be employees on the date the bonus is paid to receive a bonus. General Provisions The Company reserves the right to change or modify the Bonus Plan at any time with the concurrence of the Board of Directors. Xxxxxxxx Xxxxxxxxx Option Number: 0000 Xxxxxxx Xx. Xxxx: Xxx Xxxx, XX 00000 Effective January 7, 2004, (the “Grant Date”), you (“Optionee”) have been granted an option to buy 420,000 shares of Common Stock of Electro Scientific Industries, Inc. (the “Company”) at $[ ] per share. This option is intended as an incentive stock option within the meaning of, and to the maximum extent permitted within the $100,000 annual vesting limitation under, Section 422 of the Internal Revenue Code of 1986, as amended. The total option price of this option is $[ ]. Shares in each period will become fully vested on the date shown. By your signature and the Company’s signature below, you and the Company agree that this option is granted under and governed by the terms and conditions of the Company’s 2000 Stock Option Incentive Plan, as amended, and the attached Option Terms and Conditions, which are incorporated into and made a part of this agreement. Notwithstanding paragraphs 1.2, 1.3 and 1.5 of the attached Terms & Conditions, Section 9 of the Employment Agreement between Optionee and the Company (the “Employment Agreement”) shall govern the time of exercise and vesting of the option in the event that the Company terminates Optionee’s employment without Cause (as defined in the Employment Agreement), or in the event that Optionee terminates employment for Good Reason (as defined in the Employment Agreement). By s//Xxx X. Xxxxxxxx January 7, 2004 Xxx X. Xxxxxxxx Chairman of th...
Sample 1

Related to Bonus Targets

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the JD Power Residential National Large Segment Survey for investor-owned utilities; (ii) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (iii) Arizona Public Service Company’s customer to employee improvement ratio; (iv) the OSHA rate (All Incident Injury Rate); (v) nuclear capacity factor; and (vi) coal capacity factor. (1) With respect to the Performance Metric described in clause (i) of this Subsection 6(a), the JD Power Residential National Large Segment Survey will provide data on an annual basis reflecting the Company’s percentile ranking, relative to other participating companies. (2) With respect to the Performance Metric described in clause (ii) of this Subsection 6(a), the Edison Electric Institute (“EEI”) will provide data on an annual basis regarding the XXXXX result of the participating companies; the Company will calculate its XXXXX result for the year in question and determine its percentile ranking based on the information provided by EEI. (3) With respect to the Performance Metric described in clause (iii) of this Subsection 6(a), SNL, an independent third party data system, will provide data on an annual basis regarding the customer and employee counts; the Company will use its customer and employee counts for the year in question and determine its percentile ranking based on the information provided by SNL. Only those companies whose customers and employees were included in the data provided by SNL in each of the years of the Performance Period will be considered. (4) With respect to the Performance Metric described in clause (iv) of this Subsection 6(a), EEI will provide data on an annual basis regarding the OSHA rate of the participating companies; the Company will calculate its OSHA rate for the year in question and determine its percentile ranking based on the information provided by EEI. (5) With respect to the Performance Metric described in clause (v) of this Subsection 6(a), SNL will provide data on an annual basis regarding the nuclear capacity factors of the participating nuclear plants; the Company will calculate its nuclear capacity factor for the year in question and determine its percentile ranking based on the information provided by SNL. Only those plants that were included in the data provided by SNL in each of the years of the Performance Period will be considered. (6) With respect to the Performance Metric described in clause (vi) of this Subsection 6(a), SNL will provide data on an annual basis regarding the coal capacity factors of the participating coal plants; the Company will calculate its coal capacity factor for the year in question and determine its percentile ranking based on the information provided by SNL. Only those plants that were included in the data provided by SNL in each of the years of the Performance Period will be considered. (7) The Company’s percentile ranking during the Performance Period for each Performance Metric will be the average of the Company’s percentile ranking for each Performance Metric during each of the three years of the Performance Period (each, an “Average Performance Metric”); provided, however, that if the third year of a Performance Metric is not calculable by December 15 of the following year, the Performance Metric shall consist of the three most recent years for which such Performance Metric is calculable. The Company’s “Average Performance,” for purposes of determining any Base Grant adjustments pursuant to Subsection 5(b) above will be the average of the Average Performance Metrics. If only quartile, rather than percentile, rankings are available for a particular Performance Metric, the Average Performance Metric for any such Performance Metric shall be expressed as a percentile. For example, if the Performance Metric was in the top quartile for two Performance Periods and in the lowest quartile in the other Performance Period, the average of these quartiles would be 3 (the average of 4, 4, and 1) and the Average Performance Metric would be the 75th percentile (3 /4). The calculations in this Subsection 6(a)(7) will be verified by the Company’s internal auditors. (8) If either EEI or SNL discontinues providing the data specified above, the Committee shall select a data source that, in the Committee’s judgment, will provide data most comparable to the data provided by EEI or SNL, as the case may be. If the JD Power Residential National Large Segment Survey for investor-owned utilities (or a successor JD Power survey) is not available during each of the years of the Performance Period, the Performance Metric associated with the JD Power Residential Survey (Subsection 6(a)(1)) will be disregarded and not included in the Company’s Average Performance for purposes of determining any Base Grant adjustments pursuant to Subsection 5(b).

  • Target Bonus “Target Bonus” shall mean Employee’s annual bonus, assuming 100% “on target” satisfaction of any objective or subjective performance milestones.

  • 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.

  • Targets Seller’s supplier diversity spending target for Work supporting the construction of the Project prior to the Commercial Operation Date is ____ percent (___%) as measured relative to Seller’s total expenditures on construction of the Project prior to the Commercial Operation Date, and;

  • Goals Goals define availability, performance and other objectives of Service provisioning and delivery. Goals do not include remedies and failure to meet any Service Goal does not entitle Customer to a Service credit.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Goals & Objectives The purpose of this Agreement is to ensure that the proper elements and commitments are in place to provide consistent IT service support and delivery to the Customer by the Service Provider. The goal of this Agreement is to obtain mutual agreement for IT service provision between the Service Provider(s) and Customer(s). The objectives of this Agreement are to: • Provide clear reference to service ownership, accountability, roles and/or responsibilities. • Present a clear, concise and measurable description of service provision to the customer. • Match perceptions of expected service provision with actual service support & delivery.

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

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