MBO Bonus Sample Clauses
MBO Bonus. Executive will be eligible to receive an annual target bonus of up to Fifty percent (50%) per year based upon the Company’s achievement of various financial and/or other goals established by the Board. All MBO bonuses will be subject to applicable withholding and taxes. Executive’s annual bonus will be paid no later than March 15th of the year following the year in which Executive’s annual bonus was earned.
MBO Bonus. Employee will be eligible to receive annual bonuses of --------- up to 30 percent of Employee's annual salary based upon the Company's achievement of various financial and/or other goals established by the Board. In establishing MBO goals and award levels, the Board may consider, among other things, the financial condition of the Company, including its cash position, and whether MBO bonuses should be payable in cash or other consideration. The objectives that govern Employee's bonus eligibility for each year will be communicated to Employee in writing by the Board within a reasonable time (not to exceed 60 days unless otherwise mutually agreed) following the commencement of the applicable year. To the extent earned (which requires that Employee be employed by the Company on the last day of the applicable year unless Employee was terminated without cause or resigned for Good Reason, as defined below), bonuses will be paid to Employee on the later of 30 days after (i) the end of the applicable year, or (ii) the date on which the financial or other data necessary to determine Employee's entitlement to the bonus becomes available. All MBO bonuses will be subject to applicable withholding.
MBO Bonus. The Executive's maximum MBO Bonus shall be based upon achievement of objective criteria established in good faith by the Board of Directors.
MBO Bonus. If, for a particular year, the Company’s EBITDA for the year equals or exceeds 85% of Target EBITDA, then if the Compensation Committee determines, in its sole discretion, that Executive achieved the Individual MBO Criteria set forth for the year, then the Compensation Committee shall further determine, in its sole discretion, whether such achievement was at an entry, target or distinguished level. If the Compensation Committee so determines that Executive’s achievement of the Individual MBO Criteria was at an entry level, then Executive’s MBO Bonus shall be equal to the product of 6% times Executive’s Base Salary. If the Compensation Committee so determines that Executive’s achievement of the Individual MBO Criteria was at a target level, then Executive’s MBO Bonus shall be equal to the product of 12% times Executive’s Base Salary. If the Compensation Committee so determines that Executive’s achievement of the Individual MBO Criteria was at a distinguished level, then Executive’s MBO Bonus shall be equal to the product of 18% times Executive’s Base Salary.
MBO Bonus. You will be eligible to participate in the Company’s annual executive bonus program with a target incentive bonus of 40% of your annual salary, earned and determined at the sole discretion of Vivint Solar and based on multiple factors, including, but not limited to, achievement of individual and Company performance objectives. A significant purpose of our bonus program is retention, therefore to earn a bonus, you must be an employee on the date Vivint Solar pays such bonus, and you will not earn or be entitled to any pro rata bonus payments if your employment ends for any reason prior to such date. All earned bonuses will be paid in accordance with Vivint Solar’s policies and practices regarding incentive compensation awards.
MBO Bonus. Executive shall continue to participate in the Company's 2006 bonus plan during the Transition Period, and shall be eligible to receive the bonus pro-rated through the Separation Date based upon the Company's achievement of various financial and/or other goals established by the Company's Board of Directors and the MBO's for 2006 set for the Executive in his 2005 annual performance review (the "Potential Bonus Payment"). Any Potential Bonus Payment shall be calculated in the same manner as the Company provides for its other employees who participate in the bonus plan, and shall be made on the first day following the six month anniversary of the Separation Date. The Potential Bonus Payment will be subject to applicable withholding and taxes.
MBO Bonus. Executive will be eligible to receive an annual target bonus for fiscal 2014. The annual bonus opportunity will equal fifty percent (50%) of Executive’s actual base salary earned in fiscal 2014. For clarity, the annual bonus opportunity will be up to fifty percent (50%) of (i) the base salary earned in 2014 prior to the Effective Date as a full-time employee; plus (ii) the Base Salary earned in 2014 during the Transition Term. Payment of the annual bonus will be based upon the Company’s achievement of various financial and/or other goals established by the Board. All MBO bonuses will be subject to applicable withholding and taxes. If the Transition Term ends prior to the end of fiscal 2014, then Executive will continue to be eligible to receive a portion of the bonus for fiscal 2014 determined in accordance with the same terms and conditions that apply to other senior executives, except for continued employment through the end of the performance period or payment date, and pro-rated based on the actual base salary earned in 2014. Executive’s annual bonus will be paid at the same time as similarly situated Company executives and no later than March 15, 2015. Executive will not be eligible for a bonus for fiscal 2015.
MBO Bonus. Employee will be eligible to receive an annual target bonus of up to Fifty percent (50%) of his base salary for the 2014 fiscal year based upon the Company’s achievement of various financial and/or other goals established by the Board, in accordance with the terms and conditions of the Company’s 2014 Executive Bonus Plan. Such annual bonus, if any, will be paid no later than March 15th, 2015.
MBO Bonus. At the beginning of the fiscal year and/or quarter the Chief Executive Officer of the company will work with each vice president to establish three to seven performance objectives for each fiscal quarter for each officer and vice president. The Company's Board of Directors will establish the quarterly performance objectives for the CEO. Each objective will include a specific, measurable result and will be given a weighted value based on the effort required by the executive to reach the objective, as well as the objective's impact on the Company's business. The MBO Bonus amount the executive will be eligible to earn is outlined on the attached individualized "Plan Summary" document.
MBO Bonus. You will be eligible to participate in the Company’s annual executive bonus program with a target incentive bonus of 40% of your annual salary, earned and determined at the sole discretion of Vivint Solar and based on multiple factors, including, but not limited to, achievement of individual and Company performance objectives. A significant purpose of our bonus program is retention, therefore to earn a bonus, you must be an employee on the date Vivint Solar pays such bonus, and you will not earn or be entitled to any pro rata bonus payments if your employment ends for any reason prior to such date. All earned bonuses will be paid in accordance with Vivint Solar’s policies and practices regarding incentive compensation awards. Long-term Incentives: You previously have been granted the long-term equity incentive award(s) (the “Equity Incentive Award(s)”) under the 2013 Omnibus Incentive Plan (the “Plan”) that are set forth on Exhibit A. The Equity Incentive Award(s) remain subject to the terms and conditions applicable to awards granted under the Plan and the agreement between you and the Company. Your status as a continuous service provider under the terms and conditions of the Plan has not been affected by this agreement or your employment moving to Vivint Solar, and does not modify applicable vesting requirements. Any vesting is subject to your continued employment with the Company through applicable vesting dates. No rights are earned or accrued until such time that vesting occurs, nor does the xxxxx xxxxxx any right to continued vesting or employment. You acknowledge that you have no rights or claims to equity of the Company other than the Equity Incentive Award(s) listed on Exhibit A.