Fiscal Year Bonus Amounts Sample Clauses

Fiscal Year Bonus Amounts. Upon the terms and subject to the conditions set forth in this Section 4, following the conclusion of each of Employer’s fiscal years ending February 28, 2010, February 28, 2011 and February 29, 2012 (each, a “Fiscal Year”), Executive shall be eligible to receive one (1) performance bonus in an annualized target amount equivalent to Fifty percent (50%) of Executive’s total Base Salary earned during the subject Fiscal Year (each, a “Fiscal Year Bonus”), the exact amount of which, if any, shall be determined based upon Executive’s attainment of certain performance and financial goals as determined each Fiscal Year by the Compensation Committee of ECC’s Board of Directors (the “Compensation Committee”), in its sole and absolute discretion, and communicated to Executive within ten (10) days after a final determination by the Compensation Committee.
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Fiscal Year Bonus Amounts. Upon the terms and subject to the conditions set forth in this Section 4, following the conclusion of each of Employer’s fiscal years ending on the final day of February in each of 2014, 2015 and 2016 (each, a “Fiscal Year”), Executive shall be eligible to receive one (1) performance bonus in an annualized target amount equivalent to Sixty percent (60%) of Executive’s total Base Salary earned during the subject Fiscal Year (each, a “Fiscal Year Bonus”), the exact amount of which, if any, shall be determined based upon Executive’s attainment of certain performance and financial goals as determined each Fiscal Year by the Compensation Committee of ECC’s Board of Directors (the “Compensation Committee”), in its sole and absolute discretion, and communicated to Executive within ten (10) days after a final determination by the Compensation Committee.
Sample 1
Fiscal Year Bonus Amounts. Upon the terms and subject to the conditions set forth in this Section 4, in connection with each of Employer’s fiscal years ending February 29, 2012, February 28, 2013 and February 28, 2014 (each, a “Fiscal Year”), Executive shall be eligible to receive one (1) performance bonus in an annualized target amount equivalent to Executive’s Base Salary (each, a “Fiscal Year Bonus”), the exact amount of which, if any, shall be determined based upon Executive’s attainment of certain performance and financial goals as determined each Fiscal Year by the Compensation Committee of the Board of Directors of ECC (the “Compensation Committee”), in its sole and absolute discretion, and communicated to Executive within ten (10) days after a final determination by the Compensation Committee. The Fiscal Year Bonus for Employer’s fiscal year ending Febuary 29, 2012 shall be paid pursuant to the Fiscal 2012 Corporate Incentive Plan approved by the Compensation Committee as of March 1, 2011 (the “2012 CIP”), except that Executive’s Award Targets (as defined in the 2012 CIP) shall be as follows: Total Emmis EBITDA $ 300,000 $ 55,620 $ 55,620 $ 60,000 $ 128,760 Radio EBITDA $ 240,000 $ 44,496 $ 44,496 $ 50,000 $ 101,008 Int’l Radio EBITDA $ 30,000 $ 5,562 $ 5,562 $ 6,000 $ 12,876 Interactive EBITDA $ 30,000 $ 5,562 $ 5,562 $ 6,000 $ 12,876 In the event that Executive’s employment with Employer ends at expiration of the Term (on September 3, 2013), the Fiscal Year Bonus earned by Executive with respect to Employer’s Fiscal Year ending February 28, 2014, if any would have been earned had Executive worked through February 28, 2014, as determined by the Compensation Committee, in its reasonable discretion, shall be pro-rated according to the following formula: the amount of the Fiscal Year Bonus that Executive would have earned had Executive worked such entire Fiscal Year multiplied by a fraction, the numerator of which shall be seven (7), the denominator of which shall be twelve (12).
Sample 1
Fiscal Year Bonus Amounts. Upon the terms and subject to the conditions set forth in this Section 4, in connection with each of Employer’s fiscal years ending February 28, 2018 and February 28, 2019 (each, a “Fiscal Year”), Executive shall be eligible to receive one (1) performance bonus in an annualized target amount equivalent to Executive’s Base Salary (each, a “Fiscal Year Bonus”), the exact amount of which, if any, shall be determined based upon Executive’s attainment of certain performance and financial goals as determined each Fiscal Year by the Compensation Committee of the Board of Directors of ECC (the “Compensation Committee”), in its sole and absolute discretion, and communicated to Executive within ten (10) days after a final determination by the Compensation Committee. In the event that either (i) Executive’s employment with Employer ends at expiration of the Term (following July 31, 2019), or (ii) Executive continues to be employed by Employer after the Term expires, and Executive’s employment with Employer is terminated by Employer without this Agreement having been renewed or a replacement employment agreement having been entered into, then the Fiscal Year Bonus earned by Executive with respect to Employer’s Fiscal Year ending February 29, 2020, if any would have been earned had Executive worked through February 29, 2020, as determined by the Compensation Committee, in its reasonable discretion, shall be pro-rated according to the following formula: the amount of the Fiscal Year Bonus that Executive would have earned had Executive worked such entire Fiscal Year multiplied by a fraction, the numerator of which shall be five (5), the denominator of which shall be twelve (12). The Fiscal Year Bonus, if any is awarded, shall be paid to Executive within two weeks after the earlier of (A) the end of Executive’s employment with Employer or (B) when bonuses for the fiscal year ended February 29, 2020 are paid to other executive officers of Employer.
Sample 1
Fiscal Year Bonus Amounts. Upon the terms and subject to the conditions set forth in this Section 4, following the conclusion of each of Employer’s fiscal years ending February 28, 2010, February 28, 2011 and February 29, 2012 (each, including FYE 09, a “Fiscal Year”), Executive shall be eligible to receive one (1) performance bonus in an annualized target amount equivalent to One-Hundred percent (100%) of Executive’s total Base Salary earned during the subject Fiscal Year (each, a “Fiscal Year Bonus”), the exact amount of which, if any, shall be determined based upon Executive’s attainment of certain performance and financial goals as determined each Fiscal Year by the Compensation Committee, in its sole and absolute discretion, and communicated to Executive within ten (10) days after a final determination by the Compensation Committee. In the event that Executive’s employment with Employer ends at expiration of the Term (on September 3, 2011), the Fiscal Year Bonus earned by Executive for the Third Contract Year, if any would have been earned had Executive worked through February 29, 2012, as determined by the Compensation Committee, in its reasonable discretion, shall be pro-rated according to the following formula: the amount of the Fiscal Year Bonus that Executive would have earned had Executive worked such entire Fiscal Year multiplied by a fraction, the numerator of which shall be seven (7), the denominator of which shall be twelve (12).
Sample 1

Related to Fiscal Year Bonus Amounts

  • 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 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 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 Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • 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.

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • Bonus Payments No employee shall be required or requested to make any written or verbal agreement that will conflict with the terms of this Agreement. All employees must be paid weekly for all hours worked as provided in this Agreement. Any bonuses, commissions or other methods of payments over and above the requirements of this Agreement shall be in addition to the requirements of this Agreement and may not be used to offset such contractual requirements and shall not be subject to negotiations.

  • 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 Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

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