Bonuses; LTIP Sample Clauses

Bonuses; LTIP. (i) For the calendar year in which falls the Effective Date, and thereafter during the period of this Agreement, Executive shall be eligible to receive an annual incentive performance bonus in an amount up to thirty five percent (35%) of Executive’s base salary. The amount of Executive’s annual incentive performance bonus for any calendar year shall be determined and approved by the Non-Executive Managers based on criteria they establish in their discretion. For calendar year 2013, Executive’s bonus shall be prorated based upon actual number of days worked with the Company by Executive. (ii) Subject to Company’s standard policies and procedures, Company shall pay Employee Twenty Five Thousand Dollars ($25,000.00) as a signing bonus for Executive entering into this Agreement and such bonus shall be paid within thirty (30) days of the date hereof; provided, however, in the event that Executive terminates his employment with the Company prior to August 19, 2014, the signing bonus shall be repaid in full by Executive to the Company. (iii) Executive shall also be eligible to receive an award under the Company’s existing long-term incentive plan (LTIP), which award shall be governed by such separate agreement between the Company and Executive.
Sample 1
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Bonuses; LTIP. (i) For the calendar year in which falls the Effective Date, and thereafter during the period of this Agreement, Executive shall be eligible to receive an annual incentive performance bonus in an amount up to $250,000.00. The amount of Executive’s annual incentive performance bonus for any calendar year shall be determined and approved by the Non-Executive Managers based on criteria they establish in their discretion. For calendar year 2013, Executive’s bonus shall be prorated based upon actual number of days worked with the Company by Executive. (ii) Executive shall also be eligible to receive an award under the Company’s existing long-term incentive plan (LTIP), which award shall be governed by such separate agreement between the Company and Executive.
Sample 1
Bonuses; LTIP. (i) For the calendar year in which falls the Effective Date, and thereafter during the period of this Agreement, Executive shall be eligible to receive an annual incentive performance bonus in an amount as shall be established and approved by the Non-Executive Managers in their sole discretion. The amount of Executive’s annual incentive performance bonus for any calendar year shall be determined by the Non-Executive Managers based on criteria they establish in their discretion. (ii) Executive shall also be eligible to receive an award (up to 0.5% of equity in the Company, which award shall vest to Executive at the rate of 0.1% on the anniversary date of Executive’s employment with the Company for the initial 5 years of Executive’s employment with the Company) under the Company’s existing long-term incentive plan (LTIP).
Sample 1

Related to Bonuses; LTIP

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Incentive Bonuses After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Bonuses Executive shall be entitled to participate in discretionary bonuses or other incentive compensation programs that the Company and the Bank may award from time to time to senior management employees pursuant to bonus plans or otherwise.

  • Equity Awards You will be eligible to receive awards of stock options or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or Committee, as applicable, will determine in its sole discretion whether you will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

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