Management Bonus. The performance of the business shall be reviewed at the end of each operating year and compared to such goals as are set forth in the business plan for that year as approved by the Board (the “Business Plan”). If the results of operations for the year achieve the net profitability goals for the year specified in the approved Business Plan, a bonus equal to no less than 33% of the Employee’s Base Salary shall be paid to him (the “Management Bonus”). If the results of operations for the year exceed the net profitability goals of the approved Business Plan, the amount of the Employee’s Management Bonus may be increased in recognition of the degree to which performance exceeded such goals, and the Employee’s contribution to such superior performance results as determined in the sole discretion of the Compensation Committee of the Board (the “Committee”). If the results of operations for the year fail to achieve such net profitability goals, the amount, if any of the Employee’s Management Bonus shall be within the absolute discretion of the Committee, provided that the Committee shall give reasonable consideration to any intervening or extraordinary events or circumstances that might have given rise to such shortfall.
Management Bonus. Blue Cross will evaluate PARTICIPATING MEDICAL GROUP’s Quality Management Program and Member quality of care using a scorecard. PARTICIPATING MEDICAL GROUP will be notified of the scorecard parameters and scoring methodology prior to the start of each year, as described in the Operations Manual. PARTICIPATING MEDICAL GROUP must meet minimum eligibility criteria to receive a scorecard score and therefore to be eligible for a Quality Management Bonus. These criteria include a minimum of 12,000 Member months for a calendar year and submission to BLUE CROSS of all necessary encounter data. A Quality Management Bonus will be paid if PARTICIPATING MEDICAL GROUP’s performance on the scorecard is average or above average. No Quality Management Bonus will be paid if PARTICIPATING MEDICAL GROUP’s scorecard performance is below average. BLUE CROSS will notify PARTICIPATING MEDICAL GROUP of the scorecard results sixty (60) days following the end of the calendar year. The Quality Management Bonus paid to PARTICIPATING MEDICAL GROUP, should a payment be due in accordance with the PMPM Quality Management Bonus Schedule shown in Exhibit I (incorporated by reference herein), will be made by the fifteenth of June following the end of the calendar year for which it is based.
Management Bonus. With respect to each calendar year during the Term, Employee shall be entitled to receive a bonus pursuant to the terms of the then-current Xxxxxxx Network Executive Management Bonus Plan (“Management Bonus”) and such other incentive compensation as Employee may be eligible to receive under benefit plans maintained by the Company from time to time. The Management Bonus shall be paid in accordance with the timing of the Company’s payment of bonuses to its other senior executives for the corresponding period, and in accordance with the Company’s other policies and procedures relating to bonus compensation; provided, however, that such Management Bonus shall in all events be paid between January 1st and June 30th of the year after the year in which the Management Bonus was earned.
Management Bonus. In addition to the Base Salary, Employee shall be entitled to participate in the current Management Bonus Plan in effect from time as determined by the Board of Directors of Employer and the Compensation Committee as appointed by the Board. The Bonus payable to Employee, if any, shall be paid out of a Management Bonus Fund equal to 10% of the profits before taxes of Employer based upon the audited financial statements of Employer. The Compensation Committee shall make recommendations to the Board of Directors for the payment to Employee of such sums out of the Management Bonus Fund as the Board shall, in its sole discretion, determine or approve, and such sums will be payable to Employee, in cash, for each fiscal year during the term of this Agreement, including fiscal years 1997, 1998, 1999, 2000 and 2001; as well as any fiscal years falling within any extension of this Agreement. In order to determine the amount of the Management Bonus Fund, a calculation will be made from the audited fiscal year and financial statements within 45 days of the availability of such audited statements. If, upon such calculation, it is determined that sufficient funds exist for the payment of bonus amounts under the Management Bonus Plan, the Board of Directors shall determine such amounts as shall be paid to all participants under the Management Bonus Plan, and such amounts shall be paid within 60 days of the availability the audited fiscal year and financial statements.
Management Bonus. The Executive shall receive an annual bonus equal to 5% of the Company's increase in incremental (measured from the previous year) year-end pre-tax net income. Bonus calculation for fiscal year 2001 shall use as a basis zero dollars profit for fiscal year 2000, whereas the Executive shall not be paid a bonus on the difference between zero dollars profit and the Company's 2000 year-end loss.
Management Bonus. With respect to each calendar year during the Term, Executive shall be entitled to receive a bonus pursuant to the terms of the then-current Xxxxxxx Network Executive Management Bonus Plan (“Management Bonus”) and such other incentive compensation as Executive may be eligible to receive under benefit plans maintained by the Company from time to time. The Management Bonus shall be paid in accordance with the timing of the Company’s payment of bonuses to its other senior executives for the corresponding period, and in accordance with the Company’s other policies and procedures relating to bonus compensation; provided, however, that such Management Bonus shall in all events be paid in the year after the year in which the Management Bonus was earned as provided under the Xxxxxxx Network Executive Management Bonus Plan.
Management Bonus. The Employee’s total Management Bonus shall consist of an Individual Portion and a Financial Achievement Portion, as hereinafter defined, which, taken together, constitute the Management Bonus or target Management Bonus.
Management Bonus. The performance of the business shall be reviewed at the end of each operating year and compared to such goals as are set forth in the business plan for that year as approved by the Board (the “Business Plan”). If the results of operations for the year achieve the net profitability goals for the year specified in the approved Business Plan, Plan and (ii) the Employee’s performance is determined in conformance with Company policy to have met expectations, a bonus equal to no less than 75% of the Employee’s Base Salary shall be paid to him (the “Management Bonus”). If
(i) the results of operations for the year exceed the net profitability goals of the approved Business Plan and (ii) the Employee’s performance is determined in conformance with Company policy to have exceeded expectations, the amount of the Employee’s Management Bonus may be increased in recognition of the degree to which results exceeded such goals, and the degree to which the Employee contributed to the Company’s superior performance results as determined in the sole discretion of the Compensation Committee of the Board (the “Committee”). If (i) the results of operations for the year fail to achieve such net profitability goals specified in the approved Business Plan or (ii), the Employee’s performance is determined in conformance with Company policy not to have met expectations, then the amount, if any of the Employee’s Management Bonus shall be within the absolute discretion of the Committee, provided that the Committee shall give reasonable consideration to any intervening or extraordinary events or circumstances that might have given rise to such shortfall. Further, if pursuant to the Company’s senior executive target equity ownership policies, the Employee’s targeted equity ownership levels have not been met, the Employee’s Management Bonus may be paid, in whole or in part, in shares of the Company’s common stock.
Management Bonus. The Employee may, at his option, participate in the Management Bonus Plan, pursuant to the terms and provisions of such Plan, as amended from time to time, beginning in his third year of employment. The Employee's percentage participation in any Total Bonus Award Pool (as such term is defined in such Plan) shall be specified in a separate writing to be provided by the Corporation from time to time.
Management Bonus. You will be eligible to receive a bonus targeted at $150,000.00 with upside potential based upon individual and/or Company over-performance. The bonus will be subject to the terms and conditions of the Proofpoint Bonus Plan Document. The Company reserves the right to change, amend or cancel this program at any time.
