Discretionary and Performance Incentive Bonuses Sample Clauses

Discretionary and Performance Incentive Bonuses. During the term of this Agreement, Employee shall be entitled to participate in an equitable manner with all other executive employees of the Company in such discretionary bonuses as may be authorized, declared and paid by the Compensation Committee to its executive employees. The Company will adopt an incentive bonus plan providing for the payment of annual performance incentive bonuses to Employee and other executive officers based upon the increase in the Company's operating profit or other appropriate performance objectives. The incentive bonus arrangement will provide Employee with an opportunity to earn additional incentive compensation in an amount up to THREE PERCENT (3%) of the annual increase in the Company's net income before taxes as reported in the Company's audited annual financial statement (for fiscal year 1999, net income shall be determined on a pro forma basis). No other compensation provided for in this Agreement shall be deemed a substitute for Employee's right to participate in such bonuses.
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Discretionary and Performance Incentive Bonuses. During the Term, the Executive shall be entitled to participate in an equitable manner with all other Executive Employees in such discretionary bonuses as may be authorized, declared and paid by the Compensation Committee to its Executive Employees. The term "Executive Employee" includes the Chairman of the Board/Chief Executive Officer, the President of the Software Products Division, and the President of the Services Division. The Company may adopt an incentive bonus plan providing for the payment of annual performance incentive bonuses to the Executive and other Executive Employees based upon the increase in the Company's operating profit or other appropriate performance objectives. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such bonuses.
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Discretionary and Performance Incentive Bonuses. During the term of this Agreement, the Employee shall be entitled to participate in an equitable manner with all other executive employees of the Company in such discretionary bonuses as may be authorized, declared and paid by the Board to its executive employees.
Sample 1
Discretionary and Performance Incentive Bonuses. During the term of this Agreement, the Employee shall be entitled to participate in an equitable manner with all other executive employees of the Company in such discretionary bonuses as may be authorized, declared and paid by the Compensation Committee to its executive employees. The Company will adopt an incentive bonus plan providing for the payment of annual performance incentive bonuses to the Employee and other executive officers based upon the increase in the Company's operating profit or other appropriate performance objectives. The incentive bonus arrangement will provide the Employee with an opportunity to earn additional incentive compensation in an amount up to five percent of the annual increase in the Company's net income before taxes as reported in the Company's audited annual financial statement (for fiscal year 1995, net income shall be determined on a pro forma basis). No other compensation provided for in this Agreement shall be deemed a substitute for the Employee's right to participate in such bonuses.
Sample 1
Discretionary and Performance Incentive Bonuses. During the term of this Agreement, the Employee shall be entitled to participate in an equitable manner with all other executive officers of the Company in such discretionary bonuses as may be authorized, declared, and paid by the Board to its executive officers. The Company will adopt an incentive bonus plan, as the Board in its sole discretion may determine, providing for the payment of annual performance incentive bonuses to the Employee and other executive officers based upon on the increase in the Company's operating profit, stock share price or other appropriate performance objectives. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee's right to participate in such bonuses.
Sample 1

Related to Discretionary and Performance Incentive Bonuses

  • Discretionary Bonuses The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

  • Discretionary Bonus The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

  • Incentive Bonuses The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding.

  • 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.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • 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.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • 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.

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