Discretionary Incentive Bonus. Commencing with fiscal year 2021, the Executive shall be eligible to receive an incentive bonus for each fiscal year of the Company that occurs during the Period of Employment (“Incentive Bonus”). The Executive’s Incentive Bonus amount for a particular fiscal year shall be determined by the Board (or a committee thereof) in its sole discretion, based on performance objectives (which may include corporate, business unit or division, financial, strategic, individual or other objectives) established with respect to that particular fiscal year by the Board (or a committee thereof) or such other factors it may consider relevant in the circumstances. Notwithstanding the foregoing and except as otherwise expressly provided in this Agreement, the Executive must be employed by the Company at the time the Company pays incentive bonuses to employees generally with respect to a particular fiscal year in order to earn and be eligible for an Incentive Bonus for that year (and, if the Executive is not so employed at such time, in no event shall he have been considered to have “earned” any Incentive Bonus with respect to the fiscal year).
Discretionary Incentive Bonus. In the discretion of the Board of Directors of the Company, and without implying any obligation on the Company ever to award a bonus to the Executive, the Executive may from time to time be awarded an annual cash bonus during the term of his employment under this Agreement. If the Company has an executive bonus plan in effect (as any such plan may be amended from time to time), the annual bonus to the Executive referenced in the preceding sentence shall be in general accordance with such plan and with the Executive's status and position with the Company; provided, however, all such bonuses are entirely discretionary with the Board of Directors. If and to the extent a bonus is ever considered for the Executive, it is expected that any such bonus will be based not only on the Executive's individual performance and his relative position, service tenure and responsibilities with the Company, but also on the performance and profitability of the entire business of the Company.
Discretionary Incentive Bonus. During Employee’s employment, Employee shall be eligible to receive an annual discretionary incentive bonus (the “Discretionary Incentive Bonus”), which shall be targeted at 20% of above Base Salary. The amount of such annual Discretionary Incentive Bonus, if any, shall be determined in Company’s sole discretion based upon Company’s evaluation of Employee’s individual performance, taking into account certain criteria and metrics determined by Company. The annual Discretionary Incentive Bonus for a given year (if any) will be paid no later than March 15th of the following calendar year. To be eligible to receive any Discretionary Incentive Bonus for a given year, Employee must remain continuously employed by Company for the entire calendar year covered by the Discretionary Incentive Bonus. Notwithstanding the foregoing, Employee will be eligible to receive a pro-rata portion of the Discretionary Incentive Bonus for work performed for Company during calendar year 2018, based on Company’s good faith determination of the then-current progress towards the achievement of the applicable criteria and metrics determined by Company and the portion of calendar year 2018 during which Employee is employed. Any pro-rata portion of the Discretionary Incentive Bonus for calendar year 2018 shall be payable when bonuses are generally paid by Company, but no later than March 15, 2019. The Discretionary Incentive Bonus is not earned or owed until the date of its actual distribution. For this reason, to be eligible to receive a Discretionary Incentive Bonus for any year (including calendar year 2018), Employee must be employed with Company on the date the Discretionary Incentive Bonus is actually distributed. More information will be provided after Employee begins employment, and future years’ bonus eligibility, percentage, and metrics will be determined at Company’s sole discretion based on considerations of Employee’s position in effect at that time.
Discretionary Incentive Bonus. Executive may from time to time be awarded a discretionary incentive bonus, as determined by the Board of Directors of the Company, during the term of his employment under this Agreement. This bonus shall be based on the financial performance of the Company and shall be consistent with the incentive bonuses paid to other executives of the Company.
Discretionary Incentive Bonus. You will receive consideration for periodic performance bonuses based upon the quality of your performance as a consultant as determined in the sole and absolute discretion of the Heat Treating Subsidiaries and/or pursuant to the provisions of any formal or informal bonus plan that is hereafter adopted by the Heat Treating Subsidiaries
Discretionary Incentive Bonus. Executive will not be eligible for a discretionary or incentive bonus.
Discretionary Incentive Bonus. Executive will be eligible for a discretionary bonus, in an annualized amount of $70,000 with participation for 1996 prorated from July 8, 1996, to the end of 1996. The amount to be earned if all of the following criteria are met:
Discretionary Incentive Bonus. Xxxxx may from time to time be awarded a discretionary incentive bonus, as determined by the Board of Directors of the general partner of the Company and/or by Pioneer Drilling (as hereinafter defined), during the Employment Term under this Agreement.
Discretionary Incentive Bonus. Xxxxxxxxx may from time to time be awarded a discretionary incentive bonus, as determined by the Board of Directors of the Company, during the Employment Term under this Agreement.
Discretionary Incentive Bonus. During the Term, the Executive shall be eligible to receive an annual discretionary bonus targeted at 60% of the Executive’s Base Salary (the “Incentive Bonus”) under the Company’s annual incentive program, as may be amended from time to time. Whether to pay an Incentive Bonus and the amount of Incentive Bonus payable for any year shall be based on the achievement of performance objectives established by the Board, as determined in its sole discretion. Executive’s personal performance multiplier with respect to the Incentive Bonus in any year may be between zero and 150%, based on Executive’s performance and as determined by the Board in its sole discretion. Except as provided herein, the Executive must be employed by the Company through the date of payment of any Incentive Bonus in order to remain eligible for such Incentive Bonus. The target amount of the Incentive Bonus shall be subject to change in the sole discretion of the Board. The Incentive Bonus will be paid to Executive at the same general time as such bonuses are paid to other senior executives of the Company, but no later than 75 days following the end of the applicable fiscal year for which the Incentive Bonus is payable. Any Incentive Bonus earned by Executive for the year 2022 shall be prorated based on the Executive’s date of hire.
