First Quarter Bonus Clause Samples

First Quarter Bonus. The Company will pay Executive the quarterly bonus for the first quarter of 2023 in the amount of $Nil, which will be paid, less applicable withholdings, at the same time the Company normally pays quarterly bonuses for the first quarter of 2023. This amount will be paid whether or not Executive signs this Agreement.
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First Quarter Bonus. ▇▇▇▇▇ shall be entitled to receive the FY2000 First Quarter Bonus based on the performance of the corporate goals, in accordance with Anacomp's Executive Vice President Plan, with a target compensation of $60,000.
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First Quarter Bonus. Your First Quarter Bonus will be determined by comparing the actual number of residential home closings of the Company for the first fiscal quarter against the targets for the number of residential home closings for the Company as set forth in the business plan for the 2011 first fiscal quarter prepared by the Company and presented to the Board. Based on the percentage of closings achieved relative to the business plan, you can earn 15% of your Target Bonus, which may be increased or decreased as set forth in the table below. % of Closings Achieved Relative to Business Plan Percentage of Target Bonus Amount of First Quarter Bonus Earned Less than 50% 0 % $ 0 >50% to 80% 80 % $ ______ >80% to 90% 90 % $ ______ >90% to 110% 100 % $ ______ >110% to 120% 110 % $ ______ >120% 120 % $ ______ The First Quarter Bonus shall be paid to you as follows: 75% of the First Quarter Bonus shall be paid on or before July 1, 2011, and 25% of the First Quarter Bonus shall be deferred consistent with the general policies of the Company and shall be paid on the earlier of (a) the date that payment of the deferred portion of the First Quarter Bonus is required to be made under Section 6.5.2(a)(ii) of your Employment Agreement, if applicable, (b) the date that payment of the entire First Quarter Bonus is required to be made under Section 6.5.2(b) of your Employment Agreement, if applicable, or (c) in the Company’s 2013 fiscal year at the same time that the deferred portion of employee bonuses are paid to other employees of the Company after the completion of the 2012 fiscal year.
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Related to First Quarter Bonus

  • 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.

  • 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);

  • 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.

  • 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.

  • 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.