Full Incentive Bonus Sample Clauses

Full Incentive Bonus. Subject to Section 9.3 hereof, in the event of a Change of Control on or before December 31, 2000, the Employee shall receive as an Incentive Bonus a single sum cash payment at the closing of the Change of Control transaction in the amount hereinafter described: (i) if the "Enterprise Value," as hereinafter defined, shall be less than or equal to Eight Hundred Million Dollars ($800,000,000.00), the Incentive Bonus shall be equal to the sum of one year's Base Salary plus one year's Target Bonus; (ii) if the Enterprise Value shall be in excess of Eight Hundred Million Dollars ($800,000,000.00), but less than One Billion Dollars ($1,000,000,000.00), the Incentive Bonus shall increase linearly from the sum of one year's Base Salary plus one year's Target Bonus at the Eight Hundred Million Dollar ($800,000,000.00) level to four (4) times the sum of one year's Base Salary plus one year's Target Bonus at the One Billion Dollar ($1,000,000,000.00) level; and (iii) if the Enterprise Value shall be in excess of One Billion Dollars ($1,000,000,000.00), the Incentive Bonus shall be equal to the sum of (A) plus (B) below, where: (A) equals four (4) times the sum of one year's Base Salary plus one year's Target Bonus; and (B) equals an amount equal to the portion of the Enterprise Value in excess of One Billion Dollars ($1,000,000,000.00) times a fraction, the numerator of which is the amount determined under Section 9.1(iii)(A) above and the denominator of which is One Billion Dollars ($1,000,000,000.00). For purposes of calculating the amount of the Incentive Bonus, the Enterprise Value shall be deemed to be equal to the "Enterprise Value" of the Company and the Affiliates, in the aggregate, as the words "Enterprise Value" are used to determine the payments to be made to the Company's financial advisors.
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Full Incentive Bonus. Subject to Section 9.3 hereof, in the event of a Change of Control on or before December 31, 2000, the Employee shall receive as an Incentive Bonus a single sum cash payment at the closing of the Change of Control transaction in the amount hereinafter described: (i) if the "Enterprise Value," as hereinafter defined, shall be less than or equal to Eight Hundred Million Dollars ($800,000,000.00), the Incentive Bonus shall be equal to the sum of one year's Base Salary plus one year's Target Bonus; (ii) if the Enterprise Value shall be in excess of Eight Hundred Million Dollars ($800,000,000.00), but less than One Billion Dollars ($1,000,000,000.00), the Incentive Bonus shall increase linearly from the sum of one year's Base Salary plus one year's Target Bonus at the Eight Hundred Million Dollar
Sample 1

Related to Full Incentive Bonus

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Incentive Bonuses After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

  • 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.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • 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.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • 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.

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