Earnings Bonus Sample Clauses

Earnings Bonus. Executive will earn an annual bonus (the "Bonus"). The Bonus for fiscal year 2000 will be based on the current BRG Fiscal Year 2000 Executive Bonus Program adopted by the Board of Directors of BRG. The fiscal year 2000 Bonus, however, will be based on achieving earnings targets before taxes and management bonuses (encompassing approximately ten (10) executives) above $6,248,200 and as follows: Operating Earnings Executive Bonus Amount ------------------ ---------------------- $ 6,248,200 $60,000 $7,019,100 $120,000 $7,507,500 $130,000 $8,010,900 $140,000 $8,514,300 $150,000 etc. Executive's annual bonus for future years shall be based on a pool (the "Bonus Pool"). The Bonus Pool for fiscal years after fiscal year 2000 will equal twenty percent (20%) of Excess Earnings; provided that the Compensation Committee of the Company's Board of Directors shall have the right to limit the aggregate Bonus Pool available to be divided among all participants to $1,360,000. Subject to the provisions of Section 3(e) of this Agreement, the Bonus Pool will be divided equally among Executive and the three (3) individuals serving as Chief Executive Officer, Executive Vice President of Sales and the Executive Vice President of Marketing of the Company as of the Commencement Date. If any portion of the Bonus Pool for any year is not paid as a result of the termination or resignation of any such individual, the unpaid amount may, in the discretion of the Compensation Committee of the Company's Board of Directors, be reallocated and paid, in whole or in part, to Executive. The Bonus will be paid no later than the second business day following the later of completion of the audit of the Company's annual financial statement or sixty-five (65) days after the end of the Company's fiscal year.
Sample 1See All (7)
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Earnings Bonus. In addition to the Base Salary, and any and all other compensation, profit-sharing participating, benefits, bonuses or other amounts due to or receivable by Employee pursuant to this Agreement, Employee shall receive an annual bonus (the "Earnings Bonus") equal to six (6%) percent of the Company's annual earnings before interest, taxes, depreciation and amortization (ebitda) in excess of $500,000. A pro rata portion of the Earnings Bonus (calculated by annualizing the year to date ebitda and taking into account any Earnings Bonus paid for any prior periods) shall be due and payable within forty-five (45) days of each calendar quarter and shall be adjusted within ninety (90) days after the calendar (or the Company's fiscal) year end. In the event that this Agreement terminates prior to a final accounting of the Earnings Bonus, if any, for the applicable year, Employee shall repay any overpayment within 45 days of the final accounting.
Sample 1Sample 2
Earnings Bonus. In addition to the consideration payable to the Employee under clause (b) above, Employee shall be entitled to receive annual bonuses based on the Before-Tax Income of Newco, which annual bonus shall be calculated in the following manner: (i) In the event Before-Tax Income for the partial fiscal year of Newco beginning on the date hereof (the "Closing Date") and ending on September 30, 1995 equals or exceeds an amount equal to $2739.73 times the number of days elapsed from the Closing Date to and including September 30, 1995, Newco shall pay to the Employee an amount equal to 11.25% of the Before-Tax Income in excess of such amount for such period, such payment to be made on or before the tenth day after the Audit Date with respect to such fiscal year; (ii) In the event Before-Tax Income for any of the fiscal years of Newco ending on September 30 of 1996, 1997, 1998, 1999, 2000 or 2001 equals or exceeds $1,000,000, Newco shall with respect to any such fiscal year pay to the Employee an amount equal to 11.25% of the Before-Tax Income in excess of such amount, such payment to be made on or before the tenth day after the Audit Date with respect to each such fiscal year; and (iii) In the event Before-Tax Income for the partial fiscal year of Newco beginning on October 1, 2001 and ending on the seventh anniversary of the Closing Date equals or exceeds an amount equal to $2739.73 times the number of days elapsed from the October 1, 2001 to and including such seventh anniversary, Newco shall pay to the Employee an amount equal to 11.25% of the Before-Tax Income in excess of such amount for such period, such payment to be made on or before the tenth day after the Audit Date with respect to such fiscal year. (iv) In no event shall the aggregate amount payable to the Employee under this Section 4(c) exceed Three Hundred Seventy-Five Thousand Dollars ($375,000).
Sample 1
Earnings Bonus. In addition to the Base Salary, and any and all other compensation, profit-sharing participation, benefits, bonuses or other amounts due to or receivable by Employee pursuant to this Agreement, Employee shall receive an annual bonus (the "Earnings Bonus") equal to six (6%) percent of the Company's annual earnings in excess of $500,000 before taxes, depreciation and amortization (ebtda) but after interest. A pro rata portion of the Earnings Bonus (calculated by annualizing the year to date ebtda and taking into account any Earnings Bonus paid for any prior periods) shall be due and payable within ninety (90) days after the calendar (or the Company's fiscal) year end.
Sample 1

Related to Earnings Bonus

  • 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.

  • 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.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • 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.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • Bonus Opportunity The Company shall offer each year an incentive bonus compensation plan. Such plan will include an annual bonus target amount equal to at least 50% of the Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officer. The amount of any bonus payable to Executive in any year shall be based upon performance targets established in advance under the bonus plan and Executive’s achievement of such performance criteria.

  • 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.

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • 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

  • 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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