Executive Bonus. If the Company does not file a Registration Statement registering the resale of the Registrable Shares within one hundred eighty (180) days after the consummation of a Qualified Investment Transaction, other than as a result of the Commission being unable to accept such filing (a “Registration Default”), then, each of R. Xxxxxx Xxxxxx, Xxxxxxxxxxx X. Xxxxxxxx, R. Xxxxx Xxxxxxxxxx and Xxxxxxx X. Xxxxxx, if employed by the Company and owed a performance bonus, shall immediately forfeit 50%, and shall thereafter forfeit an additional 10% for each month the Registration Default continues, of any performance bonus that would otherwise be payable to him during that fiscal year (or to which he became entitled as a result of performance during that fiscal year), whether under an employment agreement with the Company, a bonus plan or any other bonus arrangement, including any bonus compensation for which payment would otherwise be deferred until after that fiscal year. No bonuses, compensation, awards, equity compensation or other amounts shall be payable or granted in lieu of or to make Messrs. Taylor, Marshall, Xxxxxxxxxx and Posner whole for any such forfeited bonuses.
Executive Bonus. Xxxxx shall be eligible for an annual performance bonus (the “Executive Bonus”). The Executive Bonus is a discretionary bonus that can be modified and is subject to review and annual approval by the Board of Directors. Xxxxx must be employed by the Company on the last day of the fiscal year for which the bonus is earned. The bonus will be paid to Xxxxx no later than March 14th of the year following the year (“Payment Date”) in which the Executive Bonus is earned.
Executive Bonus. The first sentence of Section 2(f) of the Registration Rights Agreement shall be replaced and as amended shall read in its entirety as follows: “If the Company does not file a Registration Statement registering the resale of the Registrable Shares before December 31, 2011, other than as a result of the Commission being unable to accept such filing (a “Registration Default”), then, each of R. Xxxxxx Xxxxxx, Xxxxxxxxxxx X. Xxxxxxxx, R. Xxxxx Xxxxxxxxxx and Xxxxxxx X. Xxxxxx, if employed by the Company and owed a performance bonus, shall immediately forfeit 50%, and shall thereafter forfeit an additional 10% for each month the Registration Default continues, of any performance bonus that would otherwise be payable to him during that fiscal year (or to which he became entitled as a result of performance during that fiscal year), whether under an employment agreement with the Company, a bonus plan or any other bonus arrangement, including any bonus compensation for which payment would otherwise be deferred until after that fiscal year.”
Executive Bonus. Executive will be entitled to a semiannual bonus that will be initiated by the Compensation Committee for all executives of the Company that will take into consideration hardware sales, EV charging station revenues, revenue growth, profitability as well as other factors. The Executive will be entitled to the bonus for all parties that were ever introduced by the Executive to the Company and for the life of the relationship.
Executive Bonus. Executive will be eligible to earn an annual bonus, which may be paid quarterly components or annually pursuant to and in accordance with the Company’s existing, or to be established, annual executive bonus plan or program. Currently, if the Company achieves 100% of the financial and performance targets it has established, Executive will have the opportunity to earn quarterly or annual bonus amounts, based on the executive bonus plans adopted from time to time by the Company’s Board of Directors or Compensation Committee, in the aggregate gross amount of Two Hundred Thousand U.S. Dollars ($200,000) in total quarterly and annual bonuses during each annual period, payable , which shall be deemed earned when paid, and for purposes of fiscal year 2014, shall be prorated for the period during which the Executive is employed by the Company during such fiscal year. In the event that Company exceeds or fails to meet its annual financial and performance goals, Executive could earn greater or less than $200,000. The Company’s financial and performance goals, and the evaluative goals and measurements by which Executive’s bonus will be determined, generally will be established and communicated to Executive in connection with and at such time as the Company establishes the executive bonus plans for the Company’s participating executive officers. The Company’s bonus plans or programs are subject to change from time to time by the Company in its sole discretion, and the Company reserves the right to modify the financial and performance targets that the Company is to achieve for executive bonus calculations. Accordingly, the bonus amount Executive might earn could change from time to time.
Executive Bonus. The Executive shall be eligible to receive quarterly and annual bonuses as determined by the Board or the Compensation Committee in its discretion (“Executive Bonus”). The Executive’s target Executive Bonus for fiscal year 2023 shall be up to seventy-five percent (75%) of the Executive’s Base Salary. The Executive Bonus for fiscal year 2023 shall be paid out in five (5) installments. The first two (2) installments have already been paid to Executive. The third, fourth, and fifth installments shall be paid to Executive as soon as reasonably practicable following the end of the Company’s third fiscal quarter, fourth fiscal quarter and fiscal year 2023, respectively, and in any event within seventy-four (74) days following such end of such quarter or fiscal year, as applicable. The Executive’s target Executive Bonus for future fiscal years shall be in such percentage as determined from time to time by the Board or Compensation Committee in its discretion, but in no case less than seventy-five percent (75%) unless agreed upon by the Executive in writing. The actual amount of the Executive’s Executive Bonus, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of the applicable Executive Bonus Plan that may be in effect from time to time. Except as otherwise provided herein or in any applicable Executive Bonus Plan, to earn any Executive Bonus in a given measurement period, the Executive must be employed by the Company in good standing on the day such Executive Bonus is paid. Subject to the foregoing, Executive Bonus shall be paid in cash to the Executive immediately after filing the Form 10-Q for the quarter or Form 10-K for the year to which such Executive Bonus relates. The Executive’s eligibility and entitlement to a 2024 bonus will be determined by terms and conditions of the Company’s Executive Bonus Plan, effective January 1, 2024.
Executive Bonus. Subject to Employee remaining an employee of the Company as of the date of payment of the Executive Bonus under the Amended and Restated Senior Executive Incentive Bonus Plan, Employee will be paid any portion of Employee’s Fiscal Year 2023 Executive Bonus that is earned, as determined solely by the Compensation Committee based on the achievement of applicable corporate goals.
Executive Bonus. Executive shall be eligible to receive an Executive Bonus of up to 25% of Executive’s then current salary, subject to eligibility requirements and terms described below. The amount of this Executive Bonus if any, will be determined by the President of Labor Ready within two weeks after the press release of the prior year’s results (“Reconciliation Date”), and shall be paid (subject to taxes and withholdings) within seven days after the Reconciliation Date. The Executive Bonus shall be determined as follows:
(i) 12.5% of Executive’s Adjusted Salary if the business units under Executive’s management (CLP) reach the EBITDA target assigned by the President of Labor Ready. “Adjusted Salary” means Executive’s base salary adjusted by a multiplier determined by the President of Labor Ready. For 2005, the multiplier will range from 0.5 to 1.2. The full 12.5% can be earned for reaching the full EBITDA target. A prorated amount of the bonus will be earned for EBITDA levels between 90% and 125% of the EBIDTA target, based on the following metrics: 125% of the EBITDA target 125% of the target bonus 100% of the EBITDA target 100% of the target bonus amount 90% of the EBITDA target 50% of the target bonus amount Less than 90% of the EBITDA target No bonus.
Executive Bonus. The Company agrees to issue bonus Common Shares upon execution of this Agreement. Said issuance shall consist of __TBD___ (______). The issuance obligation to the Executive shall be no later than thirty (30) days after execution of this Agreement.
Executive Bonus. In consideration of the Co-Manager performing the Co-Manager Duties, the Co-Manager shall, subject to Article 5 hereof, receive from the Corporation the Executive Bonus (if any) calculated in accordance with this Agreement including, but without limitation, Schedule "A". If there is any dispute between the Co-Manager and the Corporation with respect to the calculation of EBITDA, then, a determination of the auditors of the Corporation as to the amount of EBITDA shall be final and binding upon the Corporation and the Co-Manager.
