Determination of Bonus. The amount of Executive's bonus will be determined after the close of the Company's fiscal year and after the Company has received its audited financial statement for such fiscal year. To be eligible to receive a bonus, Executive must remain in employment with the Company throughout the entire fiscal year, except as provided in the Key Employee Plan. For the Company's 1999 fiscal year, the amount of such bonus shall not exceed thirty percent (30%) of Executive's then current salary.
Determination of Bonus. With respect to each fiscal year during the Term, the actual amount of the bonus payable pursuant to Subparagraph (a) shall be determined on the basis of criteria with respect to the performance of Officer and/or Company established by the Board (or a committee of the Board) in consultation with the Chief Executive Officer of the Company prior to the commencement of the fiscal year and such other factors and conditions as the Board may deem relevant; provided, however, that the criteria for the bonus for 1998 shall be established in the first quarter of 1998.
Determination of Bonus. (a) As soon as practicable after the completion of the audit of BG’s financial statements for the Plan Year, BG shall determine the Bonus, if any, based on the Actual Contribution to Overhead for the Plan Year.
Determination of Bonus. The amount of Executive’s bonus will be determined after the close of the Company’s fiscal year. To be eligible to receive a bonus, Executive must remain in employment with the Company throughout the entire fiscal year. Notwithstanding the foregoing, but subject to Section 2.3(c) below, in the event that Executive is terminated without Cause, as a result of a Constructive Termination or in connection with a Change in Control, the amount of Executive’s bonus, if any, will be determined after the occurrence of such event and will be paid to Executive promptly thereafter. In the case of a Change in Control, the Board agrees to consider whether to pay Executive a bonus.
Determination of Bonus. 4.1 The Bonus, if payable, is intended to reward the Executive for building the UK/European operations of the business of the Company and to reward the Executive’s continued endeavours. Consequently, the Bonus, if payable, shall be based on the improvement of the EBITDA over time.
Determination of Bonus. Employee's Bonus for each fiscal year shall be determined by completing the two-step calculations set forth below using the formula applicable in each of Step 1 and Step 2. -------------------------------------------------------------------------------- Step 1 Actual EPS Results 80% or Actual EPS Results 79% - Actual EPS Results below more of EPS Target 60% of EPS Target 60% of EPS Target means no Step 1 bonus shall be paid. Achieved Percentage x Achieved Percentage x (66.6% of Bonus Factor) (66.6% of Bonus Factor) / 2 -------------------------------------------------------------------------------- Step 2 Pro Forma EPS Results Pro Forma EPS Results 79% Pro Forma EPS Results 80% or more of Pro Forma - 60% of Pro Forma Target below 60% means no Step Target 2 bonus shall be paid.
Determination of Bonus. Upon ***, Employee shall receive a *** Bonus equal to:
Determination of Bonus. At the end of each year during which this Agreement is in effect, or more frequently as determined by NAMM and Elmcare, Elmcare and NAMM shall determine the Net Balance for each Risk Contract and shall aggregate such amount (the "Aggregate Annual Balance"). In the event that the Aggregate Annual Balance is a positive number, Elmcare shall pay to NAMM an amount (the "NAMM Clinical Bonus") corresponding to the following: -------------------------------------------------------------------------------- NET BALANCE NAMM CLINICAL BONUS -------------------------------------------------------------------------------- $3,000,000 or less 20% of the Net Balance -------------------------------------------------------------------------------- $3,000,001 to $6,000,000 (a) $600,000 plus (b) 15% of the excess of the Net Balance over $3,000,000 -------------------------------------------------------------------------------- $6,000,001 to $8,000,000 (a) $1,050,000 plus (b) 8% of the excess of the Net Balance over $6,000,000 -------------------------------------------------------------------------------- $8,000,001 to $10,000,000 (a) $1,210,000 plus (b) 4% of the excess of the Net Balance over $8,000,000 -------------------------------------------------------------------------------- Over $10,000,000 (a) $1,290,000 plus (b) 2% of the excess of the Net Balance over $10,000,000 -------------------------------------------------------------------------------- With respect to the NAMM Clinical Bonus paid by Elmcare, the parties agree that NAMM shall pay twenty-five percent (25%) of the NAMM Clinical Bonus to its local staff who are providing services to Elmcare under this Agreement and the remaining seventy-five percent (75%) of the NAMM Clinical Bonus shall be retained by NAMM.
Determination of Bonus. The amount of Executive's bonus will be determined within 30 days of the close of the Company's fiscal year and paid within 15 days of such determination. To be eligible to receive a bonus, Executive must remain in employment with the Company throughout the entire fiscal year.
Determination of Bonus. The amount of Executive's Annual Performance Bonus will be determined by the Board based on certain measurable goals, including a target for on-plan performance and performance in excess of plan, established by mutual agreement between the Board and Executive within 90 days of the commencement of the Fiscal Year beginning February 1, 2000 and prior to 30 days before the commencement of each Fiscal Year thereafter (the "Performance Criteria"). If the Board and Executive cannot reach agreement within 90 days, reasonable Performance Criteria may be established in good faith by the Board. Executive's bonus will be paid out in accordance with the Company's standard practice. To be eligible to receive a bonus, Executive must remain in employment with the Company as President and Chief Executive Officer throughout the entire fiscal year, except as provided in Sections 2.2(b), and 6.6 below and except as provided under the terms of the Executive Officers' Change of Control Incentive and Severance Benefit Plan ("Change of Control Incentive Plan") attached hereto as Exhibit A. This bonus will be paid at the same time as other senior executive bonuses for the applicable fiscal year.
