Management Incentive Bonus Clause Samples
The Management Incentive Bonus clause establishes the terms under which management personnel are eligible to receive additional compensation based on performance or achievement of specific targets. Typically, this clause outlines the criteria for earning the bonus, such as meeting financial goals, project milestones, or other key performance indicators, and details the calculation and timing of bonus payments. Its core practical function is to motivate management to achieve desired outcomes by directly linking their compensation to the company's or project's success, thereby aligning their interests with those of the organization.
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Management Incentive Bonus. Executive shall be entitled to receive a bonus equal to a maximum of 50% of his Salary based upon the achievement of certain goals. Such bonus shall be paid annually within 30 days after the completion of the Company’s audited financial statements for each year. Executive shall also be eligible to receive from Company such annual management incentive bonuses as may be provided in management incentive bonus plans adopted from time to time by Company.
Management Incentive Bonus. The Employee shall be eligible to receive from the Employer, for each of the fiscal years of the Employer ended after the date hereof, a management incentive bonus (the “Incentive Bonus”) in an amount up to fifty percent (50%) of the Base Salary for such fiscal year, in accordance with an incentive bonus plan to be adopted by the Board prior to the end of the first fiscal quarter for each such fiscal year. In accordance with applicable Federal law, the Incentive Bonus, if any, will be paid by the March 15 following the fiscal year during which the Employee becomes vested in his Incentive Bonus.
Management Incentive Bonus. Employee shall be eligible to receive from Employer such annual incentive bonuses as may be determined by the Compensation Committee of the Board of Directors or as may be provided in incentive bonus plans adopted from time to time by Employer.
Management Incentive Bonus. Beginning with calendar year 2005, Executive will be eligible to participate in the Company’s management incentive bonus plan pursuant to which the Company pays performance bonus compensation to its executives and employees based on personal and Company performance ratings for the applicable year, each as established by the Board or its Compensation Committee. Depending on his and the Company’s performance, Executive will be eligible to receive a bonus of up to 30% of base salary for the Company’s calendar year 2005.
Management Incentive Bonus. Executive shall be entitled to receive a bonus in an amount up to 100% of his Salary on an annual basis upon meeting the budgeted EBITDA goals as determined by the Chief Executive Officer of the Company and the Compensation Committee. Such bonus shall be paid annually within 30 days after the completion of the Company’s audited financial statements for each year. Executive shall also be eligible to receive from Company such additional annual management incentive bonuses as may be provided in management incentive bonus plans adopted from time to time by Company.
Management Incentive Bonus. The Employee shall also be eligible to receive from the Employer, for each of the fiscal years of the
Management Incentive Bonus. Executive shall be eligible to receive from Employer such annual management incentive bonuses as may be provided in management incentive bonus plans adopted from time to time by Employer.
Management Incentive Bonus. For each calendar year of the Company starting after the Effective Date and ending while Executive remains actively employed by the Company, Executive will be eligible to receive an additional bonus under the Company’s Management Incentive Program (“MIP”). A “MIP” will be instituted each year. The Committee will set performance targets for the payment of bonuses under MIP with respect to each calendar year. Executive will be eligible to receive such a bonus in accordance with the terms of the MIP if those performance targets and all other requirements of the MIP are satisfied.
Management Incentive Bonus. Upon a Majority vote of the Board of -------------------------- Managers, Patina may earn a "Management Incentive Fee" if, substantially as a result of its efforts, the Company's performance exceeds specific performance targets established by the Board of Managers.
Management Incentive Bonus. Effective as of the Closing, Parent or one of its subsidiaries shall offer to enter into (a) retention award agreements in substantially the form attached hereto as Exhibit G (the “Retention Award Agreements”) with the employees of the Company listed on Section 4.9(a) of the Parent Disclosure Schedule attached hereto, and (b) 2021 Poppin Performance-Based Sales Retention Bonus Plan participation letters in substantially the form attached hereto as Exhibit H (the “Performance-Based Sales Retention Bonus Plan Participation Letters”) with the employees of the Company listed on Section 4.9(b) of the Parent Disclosure Schedule attached hereto.