Fiscal Year 2009 Bonus Sample Clauses

Fiscal Year 2009 Bonus. For fiscal year 2009, Executive shall be eligible to earn a bonus based on achievement of goals to be established by the Board at the end of FY2008. Such goals shall be based on the expectation that the Company’s EBITDA will exceed Twenty Million Dollars ($20,000,000) by the three-year anniversary of the Effective Date, excluding EBITDA related to acquisitions or other transactions. Executive’s FY2009 bonus program will be established within 90 days of the beginning of FY2009 after consultation with Executive, and will be similar in nature and effect to the FY2008 bonus program, but containing targets, expectations and goals established by the Board for FY2009. Executive’s FY2009 bonus will be paid in cash, provided that the Board may elect to pay up to thirty percent (30%) of Executive’s FY2009 bonus in fully vested and unrestricted WSTF stock (priced at the fair market value of the stock as of the date of the stock bonus.) Executive’s FY2009 bonus will be paid on or prior to March 15, 2010.
Sample 1
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Fiscal Year 2009 Bonus. Employee shall not be eligible to receive any payment, or partial payment thereof, with respect to any of the Company’s Fiscal Year 2009 bonus programs, plans or other arrangements pursuant to which Employee was or may have been eligible prior to his Termination Date.
Sample 1
Fiscal Year 2009 Bonus. The Compensation Committee may award you a discretionary bonus amount, if it so chooses, in its sole discretion, provided you are employed by the Company on the payment date.
Sample 1

Related to Fiscal Year 2009 Bonus

  • 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 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.

  • 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.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • 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 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.

  • 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 Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.

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