Management Bonus Program. The Executive shall be eligible to receive a targeted annual bonus based on Company and individual performance criteria established annually by the Compensation Committee (the “Incentive Bonus”). As of the Effective Date, the Incentive Bonus shall be $ (the “Minimum Target Incentive Bonus”). The amount of the Incentive Bonus shall be reviewed and re-established no less than annually by the Compensation Committee based on its review of bonus-related compensation offered by peer group companies; however, the Incentive Bonus shall not be less than the Minimum Target Incentive Bonus. Executive shall be paid the Incentive Bonus beginning with a bonus for the year 2021 to be paid on or before January 31, 2022, and annually thereafter on or before January 31 of the applicable year.
Management Bonus Program. Beginning on the Effective Date, Executive will be eligible to participate in the Company’s annual management bonus program for executives under which he will be eligible to receive a bonus based on a percentage of his annual base salary and the achievement of performance targets established by the Board at the beginning of the year. The award and payment of the executive bonus will be governed by the terms of the applicable management bonus program. The Board shall have the sole discretion to change or eliminate its management bonus program, to determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus. Except as provided in Section 9.a, if Executive’s employment terminates for any reason prior to the end of the calendar year, Executive’s entitlement to any portion of the executive bonus or commission for that year will be determined pursuant to the then applicable management bonus program.
Management Bonus Program. Holdings Employees shall cease participation in the Continental Management Bonus Program effective as of December 31, 2001. Holdings established the Holdings Management Bonus Program effective as of January 1, 2002, for the benefit of certain executives and other employees of Holdings subject to such terms and conditions specified by Holdings. The Holdings Management Bonus Program provides for the payment of bonuses solely in the event that the target operating income for Holdings for the year ended December 31, 2002, is at least 90% of the budget approved for Holdings for such year by the "Committee" (as such term is defined in such Holdings Plan) and, if such minimum condition is satisfied, the bonus payable will be based on a sliding scale of between 90% and 110% of the targeted percentages of annual base salary described below. With respect to the year ended December 31, 2002, the following are the targeted percentages of annual base salary under the Holdings Management Bonus Program for the following officers of ExpressJet Airlines: (a) Chief Executive Officer, 60%; (b) Chief Operating Officer and Chief Financial Officer, 45% each; (c) Vice Presidents, 40% each; (d) senior director level employees, 25 % each; and (e) director level employees, 20% each.
Management Bonus Program. 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 developed and presented by the Operating Member of the Company and approved by its Management Committee (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 and Employee's contribution to such performance results are satisfactory as determined in the sole discretion of the Management Committee, a bonus equal to no less than thirty-three percent (33%) of the Employee's Base Salary shall be paid to him (the "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 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 Management Committee. If the results of operations for the year fail to achieve such net profitability goals, the amount (if any) of the Employee's Bonus shall be within the absolute discretion of the Management Committee.
Management Bonus Program. The Executive will be eligible to participate in the Corporation's Management Bonus Program (“MBP”), with any awards dependent on the performance of the Executive and the Corporation. The target annual cash bonus for the Executive will be one hundred percent (100%) of annual Base Salary for accomplishing his annual goals.
Management Bonus Program. 53 ARTICLE IX. INDEMNIFICATION...................................................53
Management Bonus Program. Rand shall have adopted the Management Bonus Program, in substantially the form of Exhibit 11 hereto.
Management Bonus Program. 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 developed and presented by the Operating Member of the Company and approved by its Management Committee (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 forty percent (40%) of the Employee's Base Salary shall be paid to him (the "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 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 Management Committee. If the results of operations for the year fail to achieve such net profitability goals, the amount (if any) of the Employee's Bonus shall be within the absolute discretion of the Management Committee.
Management Bonus Program. Beginning on the Effective Date, Executive will be eligible to participate in the Company’s annual management bonus program for executives under which he will be eligible to receive a bonus based on a percentage of his annual base salary and the achievement of performance targets established by the Company at the beginning of the year. The award and payment of the executive bonus will be governed by the terms of the applicable management bonus program. The Company shall have the sole discretion to change or eliminate its management bonus program applicable to each year, to determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus (which determination will be consistent with any performance targets and the terms of the management bonus program as in effect for that year). Except as provided in Section 10.a, if Executive’s employment terminates for any reason prior to the end of the calendar year, Executive’s entitlement to any portion of ___________________________________________________________________________________________________________________ Xxxx Executive Employment Agreement the executive bonus or commission for that year will be determined pursuant to the then applicable management bonus program.
Management Bonus Program. At or prior to the Closing, Buyer shall cause to be included in Buyer's existing Management Bonus Program for the year in which the Closing occurs ("BUYER'S MBP") each person not represented by a labor union who is employed by any Seller or any of their Affiliates on the date of this Agreement and on the day before the Closing, who is a participant in the LTV Copperweld Management Bonus Program - 2002 (the "MBP") and is employed by Buyer or one of its Affiliates immediately after the Closing (a "MBP PARTICIPANT"). Buyer will cause each MBP Participant to receive a bonus under Buyer's MBP that is not less than the amount accrued for such MBP Participant in the Final Working Capital.
