Company Bonus Plan Sample Clauses

Company Bonus Plan. 6.18 Promptly following the execution of this Agreement, the Company shall amend its Profit Sharing Plan – 2008 to read in form and substance as may be satisfactory to Buyer and shall convey the same to Company Employees in a manner reasonably acceptable to Buyer.
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Company Bonus Plan. The Company may from time to time establish a bonus plan for Company management. If such a plan is adopted, Executive will be in the class of employees eligible to participate in such plan. Such a plan is subject to approval of the Board of Directors.
Company Bonus Plan. You shall continue to be eligible to earn a bonus in accordance with the terms and conditions of the Company’s bonus plan. Your bonus target shall be 60% of your Bonusable Compensation for each year. For 2017, the Company has calculated your Bonusable Compensation to be CAD $592,814.56, and your target bonus to be CAD $355,688.75 (60% of $592,814.56). All bonuses paid to you shall be 25% based on your individual performance and 75% based on the Company’s performance, which can be over or underachieved depending on performance. For 2017, your total bonus breakdown will be as follows: 2017 Metric % of Target Bonus Americas - Revenue Metric 12.5 % Total Company - Revenue Metric 12.5 % Americas - OI Metric 37.5 % Total Company - OI Metric 12.5 % Individual Performance 25.0 % 100.0 % The Company’s bonus plan may be modified or terminated at any time. In order to be eligible to earn any bonus, you must be employed on October 1st of the bonus year and be an active employee on the date of payment, which is typically sometime in March of the following year.
Company Bonus Plan. The target bonus for Xx. Xxxxxx'x position for each annual period is set at 70% of Base Salary. For the period from Closing through January 31, 2002, the target bonus for Xx. Xxxxxx will be prorated and earned as follows: - One fourth of the target bonus will be earned (17.5% of Xx. Xxxxxx'x actual Base Salary earned from Closing through January 31, 2002), with such bonus to be paid concurrently with the Company's payment of bonuses to other Company executives, or, if no such bonuses are earned by other Company executives, within thirty (30) days of release of the Company's January 31, 2002 10-K, if: - The Company is able to recognize at least $45.0 million in revenues from Check Solutions heritage products and services during its fiscal year ended January 31, 2002. This $45.0M revenue objective will be downward adjusted if Xxxxxxxx and Xxx Xxxxxx mutually conclude that for reasons out of the control of Check Solutions that Xxxxxxxx will not be able to carry forward to its opening balance sheet 100% of Check Solutions Deferred Maintenance balance and at least $6.5M of Check Solutions Deferred Software balance on the date of Closing. - One fourth of the target bonus will be earned (17.5% of Xx. Xxxxxx'x actual Base Salary earned from Closing through January 31, 2002), with such bonus to be paid concurrently with the Company's payment of bonuses to other Company executives, or, if no such bonuses are earned by other Company executives, within thirty (30) days of release of the Company's January 31, 2002 10-K, if: - The Company is able to recognize at year to date revenues from Check Solutions heritage products and services during the fiscal year ended January 31, 2002 as follows: - $ 9,477,000 through July 31, 2001; - $25,053,000 through October 31, 2001; and - $45,083,000 through January 31, 2002 These year to date revenue objectives will be downward adjusted if Xxxxxxxx and Xxx Xxxxxx mutually conclude that for reasons out of the control of Check Solutions that Xxxxxxxx will not be able to carry forward to its opening balance sheet 100% of Check Solutions Deferred Maintenance balance and at least $6.5M of Check Solutions Deferred Software balance on the date of Closing. - One fourth of the target bonus (17.5% of Xx. Xxxxxx'x actual Base Salary earned from Closing through January 31, 2002) will be earned, with such bonus to be paid concurrently with the Company's payment of bonuses to other Company executives, or, if no such bonuses are earned by other Comp...
Company Bonus Plan. Parent shall cause Amalco to pay to the employees ------------------ of the Company amounts due to such employees under the Company's bonus plan for its employees for the fiscal year ending September 30, 2000, to the extent amounts therefor have been accrued for payment under such plan on the books of the Company.
Company Bonus Plan. At the Effective Time, the Company shall have established a bonus plan in an aggregate amount of $1,870,025 (the “Company Bonus Plan”) in a form that has been approved by the board of directors of the Company and Acquirer. The Company Bonus Plan shall be allocated amongst designated current or former Company officers, employees or consultants (“Company Bonus Plan Participants”) as set forth in the schedules attached thereto and shall be payable pursuant to its terms.
Company Bonus Plan. You will continue to be eligible to participate in the Company's discretionary bonus plan, which provides for annual bonus awards based upon both the Company's financial results and your own individual performance. The Company bonuses are based on its fiscal (calendar) year, and are typically paid out in March of the following year. Your bonus payment shall be based 25% on your individual performance, and 75% on the Company's overall performance. For each year commencing with fiscal year 2016 (payable in 2017), your bonus target shall be 50% of your base salary, which can be overachieved or underachieved based on your performance and the Company's performance. Your annual bonus payment for 2016 will be based on your new base salary, as set forth in Section 4(a) above. Your entitlement to any and all bonus payments is expressly contingent upon you being employed by the Company at the time such bonuses are paid.
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Company Bonus Plan. The Company bonus plan operates on a February 1 through January 31 time frame and will provide Xx. Xxxxxx the opportunity to earn a bonus when the Company meets certain profitability goals. The bonus for Xx. Xxxxxx for the period from October 6, 2000 through January 31, 2001 shall equal 70% of base salary prorated for a 4 month period representing that portion of the 2000 fiscal year during which he was employed, provided Xx. Xxxxxx was actually employed during such period. Such bonus shall be paid concurrently with the Company's payment of bonuses to other Company executives but no later than June 15, 2001. The target bonus for Xx. Xxxxxx'x position for subsequent periods is set at 70% of base salary. The Chairman and Chief Executive Officer will determine the actual amount received. It is possible to receive more than the target percentage based on the Company exceeding the Incentive Plan and at the discretion of the Chairman and Chief Executive Officer. Xx. Xxxxxx acknowledges that the Company's Board of Directors has complete and sole discretion (exercisable in good faith) to establish and revise any and all of the Company's bonus plans and payout levels; provided, however, that no such action may retroactively alter or limit the amount of any incentive compensation actually and previously earned by Xx. Xxxxxx.
Company Bonus Plan. Executive shall be eligible to receive a cash bonus for 2014 performance with the target amount of such bonus equal to percent ( %) of Executive’s annual base salary in effect as of the Effective Date, provided that the actual amount of the bonus may be greater or less than such target amount. The amount of the bonus shall be determined based on the attainment of objectives aligned with the key strategic initiatives to be set by management and the Compensation Committee. These objectives will be agreed to and approved by 8/22/14. The determination of whether a bonus shall be paid shall be made by the Board or the Compensation Committee in its sole discretion, and shall be paid to Executive no later than March 15, 2015. Executive must be employed by Company on the date on which the bonus is paid in order to be eligible for, and to be deemed as having earned, such bonus.
Company Bonus Plan. Buyer or the Surviving Corporation shall assume and perform all of the obligations of the Company pursuant to, and in accordance with, the terms of the Company’s 2007 Incentive Plan, as described on Schedule 6.5 hereto.
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