Eligibility for Bonus Sample Clauses

Eligibility for Bonus. You will be eligible to earn an annual bonus compensation award of up to sixty percent (60%) of your annual Base Salary contingent upon an assessment by the Compensation Committee of the Trega Board of Directors (the "Compensation Committee"), or the Trega Chief Executive Officer (the "CEO") of your annual performance, achievement of business objectives, achievement of pre-agreed targets in Trega common stock price performance and other factors that are jointly agreed upon by you and the CEO, subject to the approval of the Compensation Committee. These criteria may be changed from time to time by agreement of yourself and the CEO, subject to the approval of the Compensation Committee. To be eligible for a bonus, you must be on the NaviCyte payroll when the bonus is paid. No pro-rata payment will be made if you are not employed by NaviCyte when the bonus is paid; provided, however, in the event you are terminated without Cause (as hereinafter defined) during any year in which you shall have actually achieved goals prior to termination which would have entitled you to the payment of a bonus had you remained an employee at the time the bonus was paid, NaviCyte shall nevertheless pay you the portion of the bonus you actually earned at the time bonuses are generally paid. Even under such circumstances, however, you shall not be entitled to the payment of a bonus for the partial accomplishment of any goal.
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Eligibility for Bonus. 5.1 Subject to clause 5.3, the Bonus will only be paid to the Executive if Executive has been continuously employed by the Company from the date hereof through December 31, 2008. Notwithstanding the foregoing, if the Executive’s employment is terminated by the Company other than a valid termination under clause 11.3 of the Service Agreement within the 120-day period before December 31, 2008, the Executive will be deemed to have been continuously employed by the Company through December 31, 2008 for purposes of this Agreement. 5.2 Save as provided for in subclause 5.1 above, in the event that the Executive’s employment terminates at any time before December 31, 2008, the Executive hereby agrees that his entitlement to the Bonus shall lapse. 5.3 The Company shall be entitled to withhold Deductions from the amount of the Bonus otherwise payable to the Executive on the Payment Date.
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Eligibility for Bonus. You will be eligible for a bonus compensation award of up to sixty percent (60%) of your annual Base Salary contingent upon the Board of Directors' assessment of your annual performance, achievement of business development objectives, achievement of pre-agreed targets in stock price performance and other factors that are jointly determined. These bonus criteria are set forth in greater detail in Attachment A. To be eligible for a bonus you must perform at a level acceptable to the Board of Directors and be on the Trega payroll when the bonus is paid. No pro-rata payment will be made if you are not employed by Tregx xxxn the bonus is paid.
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Eligibility for Bonus. The Employee may be eligible for bonus compensation payable at the sole discretion of the Company.
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Eligibility for Bonus. The Employee shall receive a performance review from the Chief Executive Officer on an annual basis and shall be eligible for a cash bonus based upon the performance of the Employee for such period as determined in the sole discretion of the Chief Executive Officer and the Board of Directors.
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Eligibility for Bonus. Fellxx xxxll be eligible to receive an annual bonus pursuant to Tourjets management incentive compensation plan and successor plans, as the Board of Directors may adopt form time to time.
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Eligibility for Bonus. Employee remains eligible to receive the Fifty Thousand Dollar ($50,000.00) bonus described in Section 3 of the Employment Agreement if the Company raises at least $10,000,000.00 (prior to the payment of expenses) of an issuance to a third of equity or other form of investment or debt on terms satisfactory to the Board of Directors of the Company by December 31, 2021.
Sample 1
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Eligibility for Bonus. Subject to the terms and conditions of this Agreement, the Company shall pay Employee the Bonus described in Section 3, below, if either: a. Employee remains employed by the Company in his current position from the Effective Date of this Agreement through and including the closing date of the Transaction; or b. Employee is involuntarily separated from service without Cause by the Company prior to the closing date of the Transaction. If Employee voluntarily separates from service with the Company for any reason prior to the closing of the Transaction, Employee will not receive any part of the Bonus and the Company shall have no further obligation to Employee under this Agreement.
Sample 1
Eligibility for Bonus. (a) A Participant (other than Xxxxxx Xxxxx) shall be eligible to receive payment of his or her Bonus with respect to a Liquidation Event or a Redemption as provided in Section 3(a) if and only if the Liquidation Event or Redemption occurs: (i) While the Participant is employed by the Company or a subsidiary; or (ii) At any time within ninety (90) days after the Participant’s termination of employment with the Company or a subsidiary of the Company (x) by the Company or a subsidiary of the Company without Cause, (y) by the Participant for Good Reason, or (z) due to the Participant’s death or Disability. (b) Xxxxxx Xxxxx shall be eligible to receive payment of his Bonus with respect to a Liquidation Event or Redemption as provided in Section 3(a) if the Liquidation Event or Redemption occurs: (i) While Xxxxxx Xxxxx is employed by the Company or a subsidiary of the Company; (ii) At any time within one (1) year after Xxxxxx Xxxxx’ termination of employment with the Company and all subsidiaries of the Company (x) by the Company or subsidiary of the Company without Cause or (y) by Xxxxxx Xxxxx for Good Reason; or (iii) At any time within ninety (90) days after Xxxxxx Xxxxx’ termination of employment with the Company and all subsidiaries of the Company due to his death or Disability. (c) Xxxxxx Xxxxx shall be eligible to receive payment of his Bonus with respect to a Liquidation Event or Redemption as provided in Section 3(b) if he does not otherwise meet the eligibility criteria in Section 2(b) and Xxxxxx Xxxxx’ employment with the Company and all of its subsidiaries is terminated after the effective date of the Company’s plan of reorganization. (d) Notwithstanding any provision herein to the contrary, no Bonus will be paid to any Participant if no Liquidation Event or Redemption occurs prior to the twentieth (20th) anniversary of the effective date of this Plan.
Sample 1

Related to Eligibility for Bonus

  • Eligibility for Benefits 1. Sick Leave Bank benefits are available only when the member personally has a severe medical hardship (catastrophic illness or serious accident). 2. Benefits can be received only after all accumulated sick leave and vacation days have been exhausted. 3. Any member receiving Worker's Compensation or disability benefits shall not be eligible to receive benefits from the Sick Leave Bank. 4. A member who is on leave of absence, suspended, or terminated from the Xxxxxxx County Board of Education shall not be eligible for Sick Leave Bank benefits. 5. The form, entitled "Request For Sick Leave Benefits" and physician's statement are required before the SLB Review Committee will consider a request for benefits. The physician's statement shall include a history of the illness, date the illness began, a diagnosis and prognosis, and any other related information. 6. Approval by the Sick Leave Bank Review Committee is required prior to the receiving of benefits. 7. Normal pregnancies, childbirth, childcare, or child adoption shall not be considered as eligible reasons for Sick Leave Bank benefits. 8. A four (4)-member Sick Leave Bank Review Committee, consisting of two (2) members appointed by the President of the Association and two (2) appointed by the Superintendent, shall have the responsibility of receiving requests, verifying the validity of requests and approval or denial of requests. Any approval of a request must have the support of at least three (3) members of the committee Sick Leave Bank Review Committee. The Sick Leave Bank Review Committee shall develop its rules of procedure and shall give wide distribution to said rules upon approval of the President of the Association and the Superintendent.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Eligibility for Severance Benefits The Company or its successor shall pay or provide to the Executive the Severance Benefits if the Executive has a Separation from Service and his employment is terminated voluntarily or involuntarily during the term of this Agreement, either: (a) by the Company (1) at any time within 24 months after a Change in Control of the Company, or (2) at any time prior to a Change in Control but after the commencement of any discussions with a third party relating to a possible Change in Control of the Company involving such third party, if such termination is in contemplation of such possible Change in Control and such Change in Control is actually consummated within 12 months after the date of such termination, in either case unless the termination is on account of the Executive’s death or Disability or for Cause, provided that, in the case of a termination on account of the Executive’s Disability or for Cause, the Company shall give Notice of Termination to the Executive with respect thereto; or (b) by the Executive for Good Reason (1) at any time within 24 months after a Change in Control of the Company or (2) at any time after the commencement of any discussions with a third party relating to a possible Change in Control of the Company involving such third party, if such Change in Control is actually consummated within 12 months after the date of such termination, and, in any such case, provided that the Executive shall give Notice of Termination to the Company with respect thereto. For purposes of clarity, with respect to Section 3 above, an Executive who is collecting Disability benefits will not be eligible for benefits under this Agreement. An Executive who is no longer Disabled will be eligible for benefits under this Agreement if, in the period extending from 12 months before the Change in Control to 24 months after the Change in Control, either of the following occur: (1) the Executive attempts to return to his or her position, and no such position is available, or (2) the Executive returns to employment and is subsequently terminated pursuant to Section 3(a) or Section 3(b) above.

  • Eligibility for Holiday Pay A. An employee must be paid for all or a portion of both the regularly scheduled working assignment immediately prior to a holiday and the regularly scheduled working assignment immediately after that holiday in order to receive holiday pay. With County approval, compensatory time earned for working on a holiday or for a holiday falling on a regularly scheduled day off may be taken on the first scheduled working day after the holiday. B. A new employee whose first working day is the day after a holiday shall not be paid for that holiday. C. An employee who elects paid County retirement on a holiday shall be paid for the holiday. D. An employee who is terminating employment for reasons other than paid County retirement and whose last day as a paid employee is the day before a holiday shall not be paid for that holiday. E. Only regular, limited-term and probationary employees shall be eligible for holiday pay.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Eligibility for Leave All regular full-time employees shall be eligible for paid leave. Further, all regular part-time employees shall receive paid leave on a ration of paid leave time accrued to the number of hours worked in the work week. All non-regular part-time, temporary, and seasonal employees will not be eligible to receive paid leave.

  • Eligibility for Form S-3 The Company represents and warrants that it meets the requirements for the use of Form S-3 for registration of the sale by the Initial Investors and any other Investor of the Registrable Securities and the Company shall file all reports required to be filed by the Company with the SEC in a timely manner so as to maintain such eligibility for the use of Form S-3.

  • Eligibility for Group Participation This section describes eligibility to participate in the Group Insurance Program.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Employee Eligibility For purposes of this section, “eligible employee” shall be defined by the Public Employees’ Medical and Hospital Care Act.

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