Cash Bonus Award Sample Clauses

Cash Bonus Award. If the Participant is Dismissed, the Participant will receive a pro rated portion of the bonus he would have been entitled to receive under the Annual Management Incentive Plan (the “MIP”) for the fiscal year in which he is Dismissed equal to the greater of (a) or (b), as defined below, multiplied by a fraction, the numerator of which is the number of days in the performance year completed by the Participant as of the date he is Dismissed and the denominator of which is 365. For this purpose, (a) and (b) will equal: (a) the amount the Participant would have received under the MIP for the fiscal year in which he is Dismissed had: (1) all target objectives been achieved for the entire fiscal year, (2) the Executive otherwise satisfied all conditions for payment, and (3) the Company not exercised any negative discretion with respect to the amount of any payment under the MIP. (b) the amount the Participant would have received under the MIP for the fiscal year in which he is Dismissed had (1) the ratio of actual performance achieved as of the date the Participant is Dismissed compared to target performance as of that date been sustained for the remainder of the fiscal year, Executive Severance Plan October 15, 2006 (2) the Executive otherwise satisfied all conditions for payment, and (3) the Company not exercised any negative discretion with respect to the amount of any payment under the MIP.
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Cash Bonus Award. If the Executive is employed by the Company on December 31 of the Plan Year, the Company will pay the Executive 90% of his Cash Bonus Award based on third quarter Peer Group XXX as reported by SNL Securities. Such payment will be made within 30 days after December 31 of the Plan Year. The remaining portion of the Executive's Cash Bonus Award based on year end Peer Group XXX results for the Plan Year will be paid to the Executive within 30 days of the Company's receipt of said information.
Sample 1
Cash Bonus Award. The Award will also include a cash bonus payment in the amount of $600,000 (“Cash Bonus Award”). The value of the award will not be adjusted based upon any future changes to your annual base salary or other compensation. The Cash Bonus Award is payable in a lump sum payment less all taxes or other applicable deductions that are normally deducted or in accordance with applicable legal requirements and will be paid as soon as administratively possible following six (6) months after the Closing of the Transaction.
Sample 1
Cash Bonus Award. For the year 2005, Executive will receive a cash bonus award of the greater of $400,000 or the amount awarded under the Plan. In addition, Executive will be given credit as though he earned the Base Salary for all of 2005 when the cash bonus awards are determined as a percentage of such Base Salary. For the years 2006 and 2007, Executive will also receive a bonus award of the greater of $100,000 or the amount awarded under the Plan. Executive will only be entitled to such payments if he is employed by the Company on the date payment is made. Nothing in this paragraph alters the at-will relationship between the Executive and the Company.
Sample 1
Cash Bonus Award. The Company will pay Participant a one-time cash payment equal to the Cash Transaction Bonus (as defined below) minus the Fair Market Value of the shares of Common Stock awarded pursuant to the Restricted Stock Award, valued as of the date of issuance (the “Cash Bonus Award”), provided that Participant remains in Continuous Service with the Company through an Exit Transaction. If the Exit Transaction is an Initial Public Offering, the Cash Bonus Award will be paid no later than the fifteenth day of the third calendar month following the calendar year in which the Exit Transaction occurs. If the Exit Transaction is a Corporate Transaction, the Cash Bonus Award will be paid at such time or times as the consideration set forth in Section 2.13(v) is paid to the Company and/or its shareholders. The “Cash Transaction Bonus” equals: (i) 0.75% of the Company Valuation, if the Valuation of the Company in the Exit Transaction is less than two times the Invested Capital; (ii) 1% of the Company Valuation, if the Valuation of the Company in the Exit Transaction is at least two times the Invested Capital, but less than four times the Invested Capital; or (iii) 1.25% of the Company Valuation, if the Valuation of the Company in the Exit Transaction equals or exceeds four times the Invested Capital.
Sample 1

Related to Cash Bonus Award

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • 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.

  • 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.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • 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 Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • 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 Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • 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.

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