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 equal to a maximum of 50% of his Salary based upon the performance of the duties set forth in Schedule A attached hereto (which shall be amended each year in the discretion of the Company). 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. 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. Executive shall be entitled to receive a bonus equal to 100% of his salary if the Company achieves its budgeted EBITDA goals as determined by the Chief Executive Officer of Axxxx-Xxxxxxxx and the Compensation Committee of the Board of Directors. Such bonus shall be paid annually within 30 days following Allis-Chalmer’s release of its audited financial statements for each fiscal year during the term hereof. Executive shall also be eligible to receive from Company such other 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. 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. The Incentive Bonus for each fiscal year shall be paid within 30 days after the completion of the Employer's audited financial statements for such fiscal year.
Management Incentive Bonus. Executive shall be entitled to receive a bonus equal to (i) 50% of his annual base salary if the Company achieves its budgeted EBITDA goals for the six month period between January 1, 2008 through June 30, 2008, and (ii) 50% of his annual base salary if the Oilfield Services segment of Axxxx-Xxxxxxxx achieves its budgeted EBITDA goals for the six month period between July 1, 2008 though December 31, 2008. For fiscal years 2009 and 2010, Executive shall be entitled to a bonus equal to 100% of his annual base salary if the Oilfield Services segment of Axxxx-Xxxxxxxx meets its budgeted EBITDA goals established for those years. All EBITDA goals shall be as established by the Chief Executive Officer and Compensation Committee of Axxxx-Xxxxxxxx. Such bonus shall be paid annually within 30 days following Axxxx-Xxxxxxxx’ release of its audited financial statements for each fiscal year during the term hereof. Executive shall also be eligible to receive from Axxxx-Xxxxxxxx such other annual management incentive bonuses as may be provided in management incentive bonus plans adopted from time to time by Axxxx-Xxxxxxxx.
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.
