First Year Bonus Sample Clauses

First Year Bonus. Based upon performance targets established by the Board of Directors, following the first anniversary of the Agreement the Employee will receive a bonus in an amount equal to (i) 50% of base salary if at least 100% of the performance targets are achieved, (ii) 70% of base salary if at least 120% of the performance targets are achieved, and (iii) 100% of base salary if at least 135% of the performance targets are achieved. Any such bonus will be paid 50% in cash and 50% in shares of the Common Stock (based on the closing market price of the Common Stock on the first anniversary of this Agreement), subject to withholding from the cash portion for applicable federal and state income and employment taxes.

First Year Bonus. Upon the signing of this Agreement the Company shall pay to Executive a payment of Thirty-nine Thousand Dollars ($39,000.00) less that certain loan to the Executive in the amount of Thirteen Thousand Nine Hundred Dollars ($13,900.00). The full amount ($39,000.00) shall be treated on the books of the Company as reimbursement to Executive for business expenses incurred by Executive in the performance of his duties. Executive agrees to waive and/or abandon any and all claims against Company for any expense reimbursements or other claims arising prior to July 1, 2002.

First Year Bonus. During the first year of Executive’s employment only, separate from and in addition to any performance bonus described in Section 4(b) above, Executive will be eligible receive a bonus of $80,000, paid in four quarterly payments of $20,000 each, subject to Executive’s continued employment by the Company through each applicable three-month anniversary of his Start Date, and subject further to any applicable tax withholding. Any such amounts will be paid on the first scheduled payroll date following the applicable quarterly vesting date.

First Year Bonus. On September 14, 2005, the Employee will receive a bonus in an amount equal to his initial base salary (the “First Year Bonus”). The First Year Bonus will be paid 50% in cash and 50% in the Parent’s Common Stock (with the portion paid in Common Stock calculated from the closing market price of the Common Stock of the Parent on September 14, 2005), subject to withholding from the cash portion for applicable federal and state income and employment taxes. The full portion of the First Year Bonus payable in cash will be paid in eight consecutive installments corresponding to the Parent’s regular payroll payment dates, beginning with the first payroll date following September 14, 2005. The full portion of the First Year Bonus payable in Common Stock of the Parent will be payable on October 15, 2005; provided, that in the event the Common Stock portion of the First Year Bonus is not paid by October 15, 2005, the Employee will have the option to receive the amount due and payable in cash subject to withholding tax, and such amount will be paid in eight consecutive installments corresponding to the Parent’s regular payroll payment dates, beginning with the first payroll date following October 15, 2005.

First Year Bonus. At the conclusion of the first anniversary of the Employment Agreement, and so long as the Employee remains employed with the Company as of that date and has satisfied the below-identified Performance Target(s), Employee will be deemed to have earned, and the Company will pay to Employee within a reasonable time thereafter, an Incentive Bonus equal to the amounts as stated: (a) Performance Target: If, at the conclusion of the one (1) year period following the Effective Date of the Employment Agreement, the Employee has secured on behalf of the Company seven (7) Contracts (as defined below) with Affiliates (as defined below) in Top 25 Markets (as defined below), Employee shall earn an Incentive Bonus equal to $112,500.00. If during this time period the Employee fails to secure on behalf of the Company seven (7) Contracts with Affiliates in Top 25 Markets, the Employee shall not be entitled to any Incentive Bonus.

First Year Bonus. Bank shall pay Executive a bonus of Ten Thousand Dollars ($10,000) during December, 2002.

First Year Bonus. At the conclusion of the first anniversary of the Employment Agreement, and so long as the Employee remains employed with the Company as of that date and has satisfied the below-identified Performance Target(s), Employee will be deemed to have earned, and the Company will pay to Employee within a reasonable time thereafter, an Incentive Bonus equal to the amounts as stated:

First Year Bonus. Notwithstanding anything to the contrary in this Agreement, in the event that the Executive is not entitled to a bonus for the 2013 fiscal year pursuant to Section 3.6, then Executive shall receive a bonus in the amount of $225,000. Such bonus shall be payable to Executive within sixty (60) days after the close of the Company’s fiscal year.

First Year Bonus. As compensation in addition to the base salary, Employer will pay Employee on the first anniversary of the Effective Date, up to a maximum of $40,000 as a performance bonus in consideration of his performance in the successful integration of Employer and BTI, such determination of Employee's performance and the successful integration to be in the sole judgment of the Compensation Committee of the Board of Directors of BTI.