Common use of Cash Bonus Clause in Contracts

Cash Bonus. A cash bonus opportunity (the “Cash Bonus”) during each calendar year with a target (the “Target Cash Bonus”) equal to fifty percent (50%) (the “Target Cash Bonus Percentage”) of Employees’ Base Salary for the year in which the cash bonus is paid, such cash bonus to be paid in accordance with the Company’s existing Short Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the “STIP”). Pursuant to the terms of the STIP, each annual Cash Bonus shall be payable based on the achievement of performance goals, and may be higher or lower than the Target Cash Bonus based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable STIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Cash Bonus, (iii) the percentage of annual Base Salary to be payable to Employee if some lesser or greater percentage of the annual STIP performance goals are achieved, and (iv) such other applicable terms and conditions of the STIP necessary to satisfy the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"); and

Appears in 4 contracts

Samples: Employment Agreement (Energy Fuels Inc), Employment Agreement (Energy Fuels Inc), Employment Agreement (Energy Fuels Inc)

AutoNDA by SimpleDocs

Cash Bonus. A cash bonus opportunity (the “Cash Bonus”) during each calendar year with a target (the “Target Cash Bonus”) equal to fifty forty percent (50%) 40)% (the “Target Cash Bonus Percentage”) of Employees’ Base Salary for the year in which the cash bonus is paid, such cash bonus to be paid in accordance with the Company’s existing Short Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the “STIP”). Pursuant to the terms of the STIP, each annual Cash Bonus shall be payable based on the achievement of performance goals, and may be higher or lower than the Target Cash Bonus based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable STIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Cash Bonus, (iii) the percentage of annual Base Salary to be payable to Employee if some lesser or greater percentage of the annual STIP performance goals are achieved, and (iv) such other applicable terms and conditions of the STIP necessary to satisfy the requirements of Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended (the "Code"); and

Appears in 3 contracts

Samples: Employment Agreement (Energy Fuels Inc), Employment Agreement (Energy Fuels Inc), Employment Agreement (Energy Fuels Inc)

Cash Bonus. A cash bonus opportunity (the "Cash Bonus") during each calendar year with a target (the "Target Cash Bonus") equal to fifty percent (50%) (the "Target Cash Bonus Percentage") of Employees' Base Salary for the year in which the cash bonus is paid, such cash bonus to be paid in accordance with the Company’s 's existing Short Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "STIP"). Pursuant to the terms of the STIP, each annual Cash Bonus shall be payable based on the achievement of performance goals, goals and may be higher or lower than the Target Cash Bonus based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable STIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Cash Bonus, (iii) the percentage of annual Base Salary to be payable to Employee if some lesser or greater percentage of the annual STIP performance goals are achieved, and (iv) such other applicable terms and conditions of the STIP necessary to satisfy the requirements of Section 409A ("Section 409A") of the Internal Revenue Code of 1986, as amended (the "Code"); and

Appears in 3 contracts

Samples: Employment Agreement (Energy Fuels Inc), Employment Agreement (Energy Fuels Inc), Employment Agreement (Energy Fuels Inc)

Cash Bonus. A cash bonus opportunity (the “Cash Bonus”) during each calendar year with a target (the “Target Cash Bonus”) equal to fifty forty percent (5040%) (the “Target Cash Bonus Percentage”) of Employees’ Base Salary for the year in which the cash bonus is paid, such cash bonus to be paid in accordance with the Company’s existing Short Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the “STIP”). Pursuant to the terms of the STIP, each annual Cash Bonus shall be payable based on the achievement of performance goals, and may be higher or lower than the Target Cash Bonus based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable STIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Cash Bonus, (iii) the percentage of annual Base Salary to be payable to Employee if some lesser or greater percentage of the annual STIP performance goals are achieved, and (iv) such other applicable terms and conditions of the STIP necessary to satisfy the requirements of Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended (the "Code"); and

Appears in 2 contracts

Samples: Employment Agreement (Energy Fuels Inc), Employment Agreement (Energy Fuels Inc)

Cash Bonus. A cash bonus opportunity (the "Cash Bonus") during each calendar year with a target (the "Target Cash Bonus") equal to fifty eighty-five percent (5085%) (the "Target Cash Bonus Percentage") of Employees’ Employee's Base Salary for the year in which the cash bonus is paid, such cash bonus to be paid in accordance with the Company’s 's existing Short Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "STIP"). Pursuant to the terms of the STIP, each annual Cash Bonus shall be payable based on the achievement of performance goals, goals and may be higher or lower than the Target Cash Bonus based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable STIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Cash Bonus, (iiiii) the percentage of annual Base Salary to be payable to Employee if some lesser or greater percentage of the annual STIP performance goals are achieved, and (iviii) such other applicable terms and conditions of the STIP necessary to satisfy the requirements of Section 409A of the Internal Revenue Code of 19861986 ("Section 409A"), as amended (amended. When paying the "Code")Cash Bonus, the Company shall make applicable withholdings; and

Appears in 1 contract

Samples: Employment Agreement (Energy Fuels Inc)

Cash Bonus. A cash bonus opportunity (the "Cash Bonus") during each calendar year with a target (the "Target Cash Bonus") equal to fifty seventy percent (5070%) (the "Target Cash Bonus Percentage") of Employees’ Employee's Base Salary for the year in which the cash bonus is paid, such cash bonus to be paid in accordance with the Company’s 's existing Short Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "STIP"). Pursuant to the terms of the STIP, each annual Cash Bonus shall be payable based on the achievement of performance goals, goals and may be higher or lower than the Target Cash Bonus based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable STIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Cash Bonus, (iiiii) the percentage of annual Base Salary to be payable to Employee if some lesser or greater percentage of the annual STIP performance goals are achieved, and (iviii) such other applicable terms and conditions of the STIP necessary to satisfy the requirements of Section 409A of the Internal Revenue Code of 19861986 ("Section 409A"), as amended (amended. When paying the "Code")Cash Bonus, the Company shall make applicable withholdings; and

Appears in 1 contract

Samples: Employment Agreement (Energy Fuels Inc)

AutoNDA by SimpleDocs

Cash Bonus. A cash bonus opportunity (the "Cash Bonus") during each calendar year with a target (the "Target Cash Bonus") equal to fifty forty percent (50%) 40)% (the "Target Cash Bonus Percentage") of Employees' Base Salary for the year in which the cash bonus is paid, such cash bonus to be paid in accordance with the Company’s 's existing Short Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "STIP"). Pursuant to the terms of the STIP, each annual Cash Bonus shall be payable based on the achievement of performance goals, and may be higher or lower than the Target Cash Bonus based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable STIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Cash Bonus, (iii) the percentage of annual Base Salary to be payable to Employee if some lesser or greater percentage of the annual STIP performance goals are achieved, and (iv) such other applicable terms and conditions of the STIP necessary to satisfy the requirements of Section 409A ("Section 409A") of the Internal Revenue Code of 1986, as amended (the "Code"); and

Appears in 1 contract

Samples: Employment Agreement (Energy Fuels Inc)

Cash Bonus. A cash bonus opportunity (the "Cash Bonus") during each calendar year with a target (the "Target Cash Bonus") equal to fifty seventy percent (5070%) (the "Target Cash Bonus Percentage") of Employees' Base Salary for the year in which the cash bonus is paid, such cash bonus to be paid in accordance with the Company’s 's existing Short Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "STIP"). Pursuant to the terms of the STIP, each annual Cash Bonus shall be payable based on the achievement of performance goals, goals and may be higher or lower than the Target Cash Bonus based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable STIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Cash Bonus, (iii) the percentage of annual Base Salary to be payable to Employee if some lesser or greater percentage of the annual STIP performance goals are achieved, and (iv) such other applicable terms and conditions of the STIP necessary to satisfy the requirements of Section 409A ("Section 409A") of the Internal Revenue Code of 1986, as amended (the "Code"); and

Appears in 1 contract

Samples: Employment Agreement (Energy Fuels Inc)

Cash Bonus. A cash bonus opportunity (the "Cash Bonus") during each calendar year with a target (the "Target Cash Bonus") equal to fifty sixty percent (5060%) (the "Target Cash Bonus Percentage") of Employees' Base Salary for the year in which the cash bonus is paid, such cash bonus to be paid in accordance with the Company’s 's existing Short Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "STIP"). Pursuant to the terms of the STIP, each annual Cash Bonus shall be payable based on the achievement of performance goals, goals and may be higher or lower than the Target Cash Bonus based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable STIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Cash Bonus, (iii) the percentage of annual Base Salary to be payable to Employee if some lesser or greater percentage of the annual STIP performance goals are achieved, and (iv) such other applicable terms and conditions of the STIP necessary to satisfy the requirements of Section 409A ("Section 409A") of the Internal Revenue Code of 1986, as amended (the "Code"); and

Appears in 1 contract

Samples: Employment Agreement (Energy Fuels Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!