Company Performance Bonus Sample Clauses

Company Performance Bonus. Each year during the Employment Period, in addition to the Base Salary, the Executive shall be eligible to earn a Company Performance Bonus (an “Annual Bonus”) equal to Ten Percent (10%) of the Executive’s Base Salary at the end of each calendar year. The Annual Bonus will only be payable if the aggregate amount of the Annual Bonuses to be paid to all executives does not exceed Twenty-Five Percent (25%) of the Company’s net profits for such calendar year. The Executive shall only be eligible to receive an Annual Bonus if he remains continuously employed by the Company through December 31 of the year in which the Annual Bonus was earned. Any Annual Bonus payable pursuant to this Section 3(b)(ii) shall be paid to the Executive in a single cash payment. The Company will make the Annual Bonus payment by March 15lh of the year following the year in which the bonus was earned, unless otherwise agreed by the Company and the Executive.
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Company Performance Bonus. If the Company has positive Pre-Tax Profits (as defined below) for H1-2014, the Performance Bonus relating to the Company for H1-2014 shall equal the following: • 1.0% of Company Pre-Tax Profits for H1-2014 up to $5 million of Company Pre-Tax Profits for H1-2014; plus
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Company Performance Bonus. Executive will be eligible to participate in the National Instruments Corporation Annual Cash Performance Bonus Program (the “Annual Program”) and receive annual performance-based cash incentive compensation payable for the achievement of Company revenue growth, profitability, and other performance goals established by the Compensation Committee from time to time (a “Performance Bonus”). During the Term, Executive’s target Performance Bonus under the Annual Program will be established by the Compensation Committee and shall otherwise be subject to the terms of the Annual Program as in effect from time to time. The actual earned Performance Bonus, if any, payable to Executive for any performance period will depend upon the extent to which the applicable performance goals specified by the Compensation Committee are achieved or exceeded as set forth in the Annual Program.
Sample 1
Company Performance Bonus. In addition to the amounts to be paid to the Executive pursuant to Section 3.1, 3.3 and 3.4 hereof, the Compensation Committee has determined both the amount and the criteria for an annual performance-based bonus for Executive (the "Company Performance Bonus"). The target levels with respect to the specific quantitative and qualitative performance factors involved in the Company Performance Bonus calculation shall be provided to Executive in an award letter ( the "Award Letter"). The Company acknowledges that Executive shall be eligible to receive a Company Performance Bonus during each year of the Term. If the performance-based criteria are achieved during the Company's fiscal year, the Executive shall receive the Company Performance Bonus when annual bonuses are paid generally to the Company's other senior executive officers but in no event later than the ninetieth day of the next calendar year. Executive's target amount for the Company Performance Bonus for each year during the Term shall be no less than $1,000,000.
Sample 1
Company Performance Bonus. Each year during the Employment Period, in addition to the Base Salary, the Executive shall be eligible to earn a Company Performance Bonus (an “Annual Bonus”) solely at the discretion of the Board of Directors.
Sample 1
Company Performance Bonus. Executive shall receive a one-time bonus payment of $50,000 if the Company’s share price closes at or above each of the following thresholds at any point during the five years following the Start Date: (i) $34.7875; (ii) $42.35; (iii) $51.425; and (iv) $60.50. Only one $50,000 payment shall be paid for reaching any one threshold, (i) – (iv) above, and the total sum of bonus payments that Executive may receive pursuant to this Section 2.3(c) is $200,000. As used within this Section 2.3(c), the term “share price closes” means the closing price of the common stock of the Company for three consecutive business days.
Sample 1
Company Performance Bonus. A target bonus based on 25% of Executive’s actual paid out salary during the period will be the basis for calculation (“Bonus Base”). The Company Performance Bonus will be determined by the Compensation Committee calculated upon the Company’s actual performance against financial targets with the percentage (%) of achievement against the targets being used for the actual bonus calculation. As an example, calculation may be x% achievement of financial goals times the Bonus Base will equal Company Performance Bonus (with a minimum payout of 0% percentage and a maximum payout of 125% of Bonus Base).
Sample 1
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Company Performance Bonus. If the 20 day average trading price on the ------------------------- principal market for Intek's common stock has exceeded $10.00 per share (the "Trigger Value") then the Company shall pay a one-time cash bonus to Employee of $380,472. If prior to the end of such 20 day period Intek subdivides or combines its common stock or pays a dividend or makes any other distribution with respect to common stock payable in common stock or securities convertible into common stock, the Company shall make appropriate adjustment to the Trigger Value. The trading price of a share of common stock on any date shall be the average of the representative closing bid and asked prices, as quoted by the National Association of Securities Dealers through NASDAQ (its automated system for reporting quotes) for the date in question or, if the common stock is listed on the NASDAQ National Market System or is listed on a national stock exchange, the officially quoted closing price on NASDAQ or such exchange, as the case may be, on the date in question.
Sample 1

Related to Company 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.

  • 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.

  • 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.

  • Target Bonus Executive will be eligible to receive an annual bonus of up to forty percent (40%) of Executive’s Base Salary, less applicable withholdings, upon achievement of performance objectives to be determined by the Board in its sole discretion (the “Target Bonus”). The Target Bonus, or any portion thereof, will be paid as soon as practicable after the Board determines that the Target Bonus has been earned, but in no event shall the Target Bonus be paid after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which the Target Bonus is earned or (ii) March 15 following the calendar year in which the Target Bonus is earned.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

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