Guaranteed Minimum Bonus Sample Clauses

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Guaranteed Minimum Bonus. The Executive shall be guaranteed a Bonus of no less than $25,000 for 2009 (the “Guaranteed Minimum Bonus”). The Company shall pay the Guaranteed Minimum Bonus no later than forty-five (45) days after the Executive’s start date. Such payment will be considered an advance against the Executive’s pro-rated Bonus; however, in the event that no bonus is earned, the Executive will not be required to repay the $25,000.
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Guaranteed Minimum Bonus. The first two paragraphs of "Aircastle Incentive Compensation" in the Letter Agreement are hereby deleted and the following is substituted in lieu therefor: "Subject to the terms of this Letter Agreement, you will be paid a minimum annual bonus for the calendar year 2006, which shall be paid to you on or prior to January 31, 2007, in an amount not less than $550,000 (the "Guaranteed Minimum Bonus")."
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Guaranteed Minimum Bonus. Executive shall receive a guaranteed ------------------------ minimum bonus (the "Guaranteed Minimum Bonus") of $500,000 per year during the Term. The GC Board of Directors in its sole discretion may award an annual bonus greater than the Guaranteed Minimum Bonus.
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Related to Guaranteed Minimum Bonus

  • 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”).

  • 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);

  • Minimum Current Ratio The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • 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.