Deferred Bonus Plan Sample Clauses

Deferred Bonus Plan. The parties acknowledge and agree that those awards subsisting under the DBP at the Sanction Date will vest on that date as a consequence of the Acquisition pursuant to the rules of the DBP.
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Deferred Bonus Plan. Executive shall be eligible for deferred performance-based bonuses awarded at the discretion of the Board each calendar year, provided the Company's EBITA for such year is at least 105% (or such other percentage as the Board may determine at its discretion) of the prior year's EBITA. Subject to the terms of this Section 3(b), any deferred bonuses awarded to Executive shall be paid in three equal annual installments commencing on the second January 15 following the year for which the bonus was awarded. For calendar year 2004, a deferred bonus will be awarded (and paid in equal installments on January 15 of 2006, 2007 and 2008) if the Company's EBITA for 2004 is $104,550,000 (105% of 0000 XXXXX). If prior to January 15 of any year for which a deferred bonus installment payment is due Executive resigns (other than for a Material Breach (as hereinafter defined)) or Executive is discharged by the Company for Cause (as hereinafter defined), Executive shall forfeit all remaining unpaid deferred bonus payments. If Executive's employment terminates prior to January 15 of any year for which an installment payment is due for any other reason, Executive shall be entitled to receive the full amount of the remaining installments as if Executive had remained employed by the Company.
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Deferred Bonus Plan. It is the intention of the Company to establish a Deferred Bonus Plan, pursuant to which employees of the Company shall have the opportunity to receive a bonus in an amount equal to a percentage (to be specified in an award agreement thereunder) of the aggregate amount of salary, annual bonus compensation, and other short-term or special cash bonus set forth on their Form W-2 issued by the Company with respect to a particular calendar year (but excluding any amounts included in such W-2 that are attributable to equity compensation and any other amounts not attributable to salary, annual bonus, and other short-term or special cash bonus), which bonus shall (i) vest on the second (2d) anniversary of the end of the applicable calendar year, subject to the employee having been continuously employed on a full-time basis with the Company through such anniversary, and (ii) be paid on January 15 next following such vesting date, but in any event no later than March 15 next following such vesting date; in each case, except as otherwise provided in Sections 4 and 5 of this Agreement. The Company intends that the bonus percentage for which the Executive shall be eligible shall be nine percent (9%).”
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Deferred Bonus Plan. It is the intention of the Company to establish a Deferred Bonus Plan, pursuant to which employees of the Company shall have the opportunity to receive a bonus in an amount equal to a percentage (to be specified in such plan or an award agreement thereunder) of the aggregate amount of salary and annual bonus compensation set forth on their Form W-2 issued by the Company with respect to a particular calendar year (but excluding any amounts included in such W-2 that are attributable to equity compensation or bonus compensation other than annual bonus compensation), which bonus shall (i) vest on the third (3d) anniversary of the end of the applicable calendar year if an employee is still employed by the Company on such anniversary and (ii) be paid on the tenth (10th) business day thereafter. The Company intends that the bonus percentage for which the Executive shall be eligible shall be nine percent (9%).
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Deferred Bonus Plan. Section 3.2(d) of the Employment Agreement shall be amended by adding the following sentence at the end of such section: “If determined by the Compensation Committee, such bonus shall be granted pursuant to the terms and conditions of the Air Lease Corporation 2013 Cash Bonus Plan, as such plan may be amended from time to time (or any successor plan) and subject to the terms and conditions of the Company’s Amended and Restated Deferred Bonus Plan.”
Sample 1
Deferred Bonus Plan. (a) Subject to the provisions of Section 2.3.3(b), at the Closing Time Buyer shall assume Seller's obligation to pay all deferred bonuses granted as of the Effective Time to Designated Employees pursuant to the Deferred Bonus Plan, but only with respect to the period through the Effective Time (the "Assumed Deferred Bonuses"), provided that Buyer shall assume the payment of such deferred bonuses only to the extent same are vested and otherwise payable in accordance with the terms and conditions of the Deferred Bonus Plan. Nothing contained herein shall require Buyer to pay, or prohibit Buyer from paying, the Assumed Deferred Bonuses prior to the date same are payable in accordance with the Deferred Bonus Plan. Seller covenants and agrees that it will make an additional $125,000 grant under the Deferred Bonus Plan (the "Special Bonus") prior to the Closing Time.
Sample 1

Related to Deferred Bonus Plan

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Incentive Compensation Plans The occurrence of any of the following: (i) a material reduction by the Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  • Cash Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 40 percent of the Executive’s Base Salary. Except as otherwise provided herein, to earn cash incentive compensation, the Executive must be employed by the Company on the day such cash incentive compensation is paid.

  • Bonus Plan Such bonus, if any, as shall be determined upon the recommendation of the CEO by the Board (or any designated Committee of the Board comprised solely of independent directors), shall be paid in accordance with the terms and conditions of the bonus plan established for the Company (“Bonus Plan”).

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Equity Incentive Compensation Executive shall be eligible to receive annual equity awards based on the Company’s and Executive’s actual performance, as determined by the Board or the Compensation Committee. Each such equity award granted to Executive hereunder shall be subject to the terms and conditions of the incentive plan pursuant to which it is granted and such other terms and conditions as are established by the Board or Compensation Committee and set forth in an award agreement evidencing the grant of such equity award.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

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