Calculation of OpCo Performance Bonus Sample Clauses

Calculation of OpCo Performance Bonus. Subject to the further adjustments and additions provided for in the Plan and this Agreement, Executive’s OpCo Performance Bonus will be calculated by determining the number of Operating Companies of the Company that have attained a Return on Capital of at least 20% (the “ROC Target”). If at least 20 Operating Companies have attained or exceeded the ROC Target, and all Operating Companies which have attained or exceeded the ROC Target employ at least 50% or more of the aggregate of the Total Capital of all Operating Companies, then Executive will be entitled to receive an OpCo Performance Bonus equal to the product of: (i) the sum of (A) 9% for the first 20 Operating Companies which attain or exceed the ROC Target; and (B) 11/2% of for each additional Operating Company which attains or exceeds the ROC Target; and (ii) Executive’s MIP Salary. By way of example, if 23 Operating Companies (which, in the aggregate, employ 51% of the Total Capital of all Operating Companies) attain or exceed the ROC Target, Executive will receive an OpCo Performance Bonus equal to the product of (i) Executive’s MIP Salary and (ii) 13.5 % (the sum of 9% for the first 20 Operating Companies attaining or exceeding the ROC Target, and 4.5% for the performance of the additional three Operating Companies in excess of 20 attaining or exceeding the ROC Target).
Sample 1
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Calculation of OpCo Performance Bonus. Subject to the further adjustments and additions provided for in the Plan and this Agreement Executive’s OpCo Performance Bonus will be calculated by determining the number of Operating Companies of the Company that have attained a Return on Capital of at least ___% (the “ROC Target”). If at least 20 Operating Companies have attained or exceeded the ROC Target, and all Operating Companies which have obtained or exceeded the ROC Target employ at least 50% or more of the aggregate of the Total Capital of all Operating Companies, then Executive will be entitled to receive an OpCo Performance Bonus equal to the product of: (i) the sum of (A) 9% for the first 20 Operating Companies which obtain or exceed the ROC Target; and (B) 11/2% of for each additional Operating Company which obtains or exceeds the ROC Target; and (ii) 50% of Executive’s annual base salary in effect at the fiscal year end. By way of example, if 23 Operating Companies (which, in the aggregate, employ 51% of the Total Capital of all Operating Companies) obtain or exceed the ROC Target, Executive will receive an OpCo Performance Bonus equal to the product of (i) 50% of Executive’s base salary in effect at the fiscal year end and (ii) 13.5 % (the sum of 9% for the first 20 Operating Companies obtaining or exceeding the ROC Target, and 4.5% for the performance of the additional three Operating Companies in excess of 20 obtaining or exceeding the ROC Target). Notwithstanding the foregoing, Executive will be entitled to an OpCo Performance Bonus only if the Company achieves a minimum Increase in Earnings Per Share of ___% and a minimum Return on Stockholder’s Equity of ___%.
Sample 1

Related to Calculation of OpCo Performance Bonus

  • 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 Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • 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.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Consideration for Performance The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • 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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