Incentive Compensation Bonus. In addition to the Base Salary, each year during the Term the Company will pay to the Executive the incentive compensation bonus, if any, that is payable pursuant to any Incentive Plan in effect for such year that may be adopted by the Board of Directors of the Company or the Compensation Committee and agreed to by the Executive with respect to the particular fiscal year of the Company, (an “Incentive Bonus”) in accordance with and pursuant to the terms of the Incentive Plan. The Incentive Bonus, if any, may be modified, changed or terminated at anytime or for any reason by the Compensation Committee in its sole discretion in accordance with the terms of the particular Incentive Plan.
Incentive Compensation Bonus. Executive may be eligible to receive a bonus based upon satisfactory achievement of personal performance objectives and business performance objectives as may be determined by the Company and the Executive from time to time, and/or such other incentive compensation arrangements that may be entered into between the Company and the Executive in the future.
Incentive Compensation Bonus. Employee may be eligible to receive a bonus based upon satisfactory achievement of personal performance objectives and business performance objectives as may be determined by the Company and the Employee from time to time, and/or such other incentive compensation arrangements that may be entered into between the Company and the Employee in the future.
Incentive Compensation Bonus. As further compensation, the Executive will be eligible to participate in the Company's Executive Incentive Plan approved by the Board of Directors and the bonus for which the Executive will be eligible under such plan will be 40% of the Executive's Base Salary. This plan may be altered, amended or terminated at any time in the discretion of the Company.
Incentive Compensation Bonus. To be determined by the Board of Directors in its sole and complete discretion. The objective of this Section 5(b) is and shall be to provide Employee with an opportunity to earn additional incentive compensation in the form of cash and/or performance stock based upon the REIT’s attainment of certain stated financial results under the approved business plan for the REIT and the Employee’s performance in fulfilling his duties and obligations to the REIT. Employee understands that the Company’s payment of any cash bonus and/or any such award of performance stock will be contingent upon the REIT and Employee’s attainment of the goals/criteria/benchmarks which have yet to be established by the REIT’s Board of Directors. Once the Board of Directors has specified terms and conditions for the above described incentive compensation/bonus, same shall be reduced to writing each year and signed by both the REIT and Employee and made a part of this Agreement.
Incentive Compensation Bonus. With respect to each calendar year during the Employment Term the Company shall pay to the Executive such incentive compensation (hereinafter the "Incentive Compensation") as the Compensation Committee may award in its discretion, with a guarantee of 100% of Base Salary determined as of the December 31st of the preceding year for each of the 2001, 2002 and 2003 calendar years. Incentive Compensation shall be pro rated for any employment during a calendar year of less than twelve (12) months (determined by the ratio that the number days during which the Executive was employed during a calendar year bears to 365). Incentive Compensation for each calendar year shall be paid at the same time as the Company pays Incentive Compensation awards to other executives, but in no event later than the March 1st following the calendar year with respect to which the Incentive Compensation relates.
Incentive Compensation Bonus. The Company shall pay Employee an amount equal to the Incentive Compensation bonus for the period February 1, 2008 through July 31, 2008, determined on the same basis as other similarly situated executives of the Company based on the Company’s performance for the six month period, less applicable taxes. Said Incentive Compensation Bonus shall be paid at such time as Incentive Compensation bonuses are paid to executives.
Incentive Compensation Bonus. Employee is not entitled to payment of the Incentive Compensation Bonus for the current period or any other period.
Incentive Compensation Bonus. Employee shall be entitled to receive an incentive compensation bonus, based on performance, during the term of this agreement pursuant to an annual executive incentive plan to be developed by the Company. Because of the need to generate profits as a publicly-traded corporation and to get away from the perception that our salary structure depends on investment money, we need to be sure that each division is bringing in enough revenues to cover all of its direct and indirect expenses. So. In order to justify the level of income that is the subject of this agreement, the Executive Committee reserves the right to reduce the base salary by up to 10% for failure to meet the above-stated goals. It is contemplated that the first review will be done after a 6 month period from the effective date of this agreement.
Incentive Compensation Bonus. Each calendar year, the Employee is eligible to receive an annual bonus up to Seventy-five Thousand Dollars ($75,000.00) (the "Bonus") upon the Company and the Employee achieving certain milestones (the "Milestones") which shall be established by the Employee and the Chief Executive Officer or the Compensation Committee during the first quarter of the applicable year. The Chief Executive Officer or the Compensation Committee may, at its sole option, grant the Employee a percentage of the Bonus if he and the Company achieve a portion, but not all, of the Milestones.
