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 $45,000 17,500 shares Equal to or greater than $5,500,000 but less than $6,000,000 $40,000 17,500 shares Equal to or greater than $5,000,000 but less than $5,500,000 $35,000 17,500 shares Equal to or greater than $4,500,000 but less than $5,000,000 $30,000 15,000 shares Less than $4,500,000 $0 0 shares Wasatch Profit for Period 1 Equal to or greater than $1,200,000 $45,000 17,500 shares Equal to or greater than $1,100,000 but less than $1,200,000 $40,000 17,500 shares Equal to or greater than $1,000,000 but less than $1,100,000 $35,000 17,500 shares Equal to or greater than $900,000 but less than $1,000,000 $30,000 15,000 shares Less than $900,000 $0 0 shares Company Criteria for Period 1 Equal to or greater than $2,500,000 $45,000 15,000 shares Equal to or greater than $2,250,000 but less than $2,500,000 $40,000 15,000 shares Equal to or greater than $2,000,000 but less than $2,250,000 $30,000 15,000 shares Equal to or greater than $1,800,000 but less than $2,000,000 $25,000 12,500 shares Less than $1,800,000 $0 0 shares
Sample 1
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Bonus Targets. To Be Determined
Sample 1Sample 2
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 3.3. Such goals shall be established in the first quarter of each year and shall in all cases reflect earnings and growth goals for the full calendar year.
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. EXHIBIT B STOCK OPTION AGREEMENT Notice of Grant of Stock Options and Option Agreement 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. Shares Vest Type Full Vest Expiration 105,000 On Vest Date January 7, 2005 January 7, 2014 105,000 On Vest Date January 7, 2006 January 7, 2014 105,000 On Vest Date January 7, 2007 January 7, 2014 105,000 On Vest Date January 7, 2008 January 7, 2014 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 tim...
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 In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Metrics The “Performance Metrics” for the Performance Period are: (i) the System Average Interruption Frequency Index (Major Events Excluded) (“XXXXX”); (ii) Arizona Public Service Company’s customer to employee improvement ratio; (iii) the OSHA rate (All Incident Injury Rate); (iv) nuclear capacity factor; and (v) coal capacity factor.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

  • 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 On or before the date that is nine (9) months after the Amendment Date to Amendment No. 2 to this Agreement, LOXO shall designate six (6) Targets from Exhibit B for which research activities will be discontinued. Upon such designation, such discontinued Targets shall cease to be Targets under this Agreement, and Exhibit B shall be deemed to be updated accordingly. On or before the date that is eighteen (18) months after the Amendment Date to Amendment No. 2 to this Agreement, LOXO shall designate two (2) additional Targets from Exhibit B for which research activities will be discontinued; provided, however, that if on or before the date that is eighteen (18) months after the Amendment Date to Amendment No. 2 to this Agreement Loxo provides to Array written notice and a payment of [***] (the “Extension Payment”), Loxo will only be required to designate one (1) additional Target from Exhibit B for which research activities will be discontinued at the end of such eighteen (18) months. Upon such designation, such additional discontinued Target(s) shall cease to be Target(s) under this Agreement, and Exhibit B shall be deemed to be updated accordingly. If Loxo made the Extension Payment, then on or before the date that is [***] after the Amendment Date to Amendment No. 2 to this Agreement, Loxo shall designate one (1) additional Target from Exhibit B for which research activities will be discontinued unless Loxo provides to Array written notice and a payment of [***] (“Additive Payment”) in which case Loxo will not need to designate any more Targets from Exhibit B for discontinuation of research activities. Until such time as the eight (8) Targets (or seven (7) Targets if Loxo has made the Extension Payment and Additive Payment) have been designated for discontinuation, and notwithstanding Section 8.2.1 to the contrary, Loxo shall only have the right, at its discretion, to file provisional patent applications covering the applicable Active Compounds to the Targets from Exhibit B and will not convert such provisional patent applications to a non-provisional patent application or otherwise prosecute any non-provisional patent application covering such Active Compounds. During the Discovery Program Term, Loxo may determine in its sole discretion that research activities with respect to one (1) particular Target on Exhibit B should be discontinued [***] Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. (for example, and without limitation, such Target has not yielded sufficient progress, or scientific literature suggests the Target is intractable or is not therapeutically relevant or for safety issues) and replaced with a different target. Upon any such determination, Loxo shall provide written notice to Array of the one (1) Target that Loxo desires to remove from Exhibit B and will include in such notification a suggested substitute for such discontinued Target. After receipt of such notice, Array will promptly inform Loxo whether, as of the date of such written notice, the addition of such suggested substitute target would not (i) violate any agreement that Array has with a Third Party; (ii) add a target that is the subject of Array’s own active and ongoing research (with existing commitment and expenditure of resources for such target), was the subject of previous significant research at Array, or is the subject of drugs in Array’s clinical development pipeline or marketed product portfolio; or (iii) add a target with respect to which Array is engaged in active, ongoing substantial negotiations (i.e., has agreed a term sheet containing material business terms) with a Third Party. If neither (i), (ii) or (iii) apply to such suggested substitute target, then the discontinued Target shall cease to be a Target, the suggested substitute target shall be deemed a Target for the purposes of this Agreement, and Exhibit B shall be deemed to be updated accordingly. If a proposed target is not available for inclusion, then the fact that Loxo proposed such target or is otherwise interested in such target (or molecules directed to such target) shall be Loxo’s Confidential Information.

  • Goals A. WHAT ARE YOUR MBE/WBE/DVBE PARTICIPATION GOALS? MINORITY BUSINESS ENTERPRISES (MBEs) WOMAN BUSINESS ENTERPRISES (WBEs) DISABLED VETERAN BUSINESS ENTERPRISES (DVBEs)

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

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

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

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