Budget Bonus Sample Clauses

Budget Bonus. Coach Xxxxxxxxxxx shall be entitled to additional compensation for remaining within/under his Football Program budget in a given year. In the spring of each year, the Athletics Department will work with the Football staff to determine the appropriate budget for the year. The final discretion for setting the budget shall remain with the Athletics Director. If the Football Program remains within the set budget, Coach Xxxxxxxxxxx shall earn a $25,000 bonus. If costs for the Football Program are under budget for the year by $50,000, Coach Xxxxxxxxxxx shall earn an additional $5,000 bonus. For each additional $50,000 increment that the Football Program costs are under budget, Coach Xxxxxxxxxxx will earn an additional $5,000. For example, if the Football Program is under budget by $100,000 in a given year, Coach Xxxxxxxxxxx would earn a total budget bonus of $35,000. The bonuses specified above shall be earned when each of the above events occurs. The bonuses shall be payable on or before July 15 of each academic year in which the bonuses are earned, or within 30 business days of the date the event occurs, whichever is later. Bonuses are contingent upon Coach Xxxxxxxxxxx’x satisfactory performance of the duties and responsibilities set forth in Paragraph 2 of this Agreement and receipt of a satisfactory rules compliance evaluation from the Athletics Director or Assistant A.D. for Compliance.
Sample 1
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Related to Budget Bonus

  • SHIFT BONUS 7:01 A day shift shall be a shift that commences after 4:30 a.m. and at or before 10:00 a.m. on the same day.

  • 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.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Base Salary During the Employment Term, the Company shall pay Executive a base salary at the annual rate of $250,000, payable in regular installments in accordance with the Company's usual payment practices. Executive shall be entitled to such increases in Executive's base salary, if any, as may be determined from time to time in the sole discretion of the Board. Executive's annual rate of base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

  • Salary and bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

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