Common use of MBO Bonus Clause in Contracts

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.

Appears in 3 contracts

Samples: Change of Control and Severance Agreement (Netgear, Inc), Change of Control and Severance Agreement (Netgear, Inc), Change of Control and Severance Agreement (Netgear, Inc)

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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 '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 's annual bonus will be paid no later than March 15th of the year following the year in which Executive’s 's annual bonus was earned.

Appears in 2 contracts

Samples: Change of Control and Severance Agreement (Netgear, Inc), Change of Control and Severance Agreement (Netgear, Inc)

MBO Bonus. Executive will be eligible to receive an annual target bonus of up to Fifty percent One Hundred Thousand Dollars (50%$100,000) per year based upon the Company’s '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.

Appears in 1 contract

Samples: Employment Agreement (Netgear Inc)

MBO Bonus. Executive will be eligible to receive an annual target bonus of up to Fifty percent (50%) 40% of the earned Base pay per year based upon the Company’s '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.

Appears in 1 contract

Samples: Falcon Employment Agreement (Netgear Inc)

MBO Bonus. Executive will be eligible to receive an annual target bonus of up to Fifty percent Thousand Dollars (50%$50,000) per year based upon the Company’s '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.

Appears in 1 contract

Samples: Employment Agreement (Netgear Inc)

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 and/ or other goals established by the Board. Notwithstanding the foregoing, Executive will receive the pro rata portion of his MBO bonus for the fiscal year ending 2013 regardless of the Company’s achievement of such goals, so long as Executive remains an employee of the Company through March 15, 2014. 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.

Appears in 1 contract

Samples: Employment Agreement (Netgear, Inc)

MBO Bonus. Executive will be eligible to receive xxxxive an annual target bonus of up to Fifty percent Seventy Six Thousand Dollars (50%$76,000.00) per year based upon the Company’s '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.

Appears in 1 contract

Samples: Chuck Olson Employment Agreement (Netgear Inc)

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MBO Bonus. Executive will be eligible to receive an annual target bonus of up to Fifty forty percent (5040%) per of the earned Base Salary for such year based upon the Company’s '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.

Appears in 1 contract

Samples: Employment Agreement (Netgear Inc)

MBO Bonus. Executive will be eligible to receive an annual target bonus of up to Fifty Forty percent (5040%) per year based upon the Company’s '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.

Appears in 1 contract

Samples: Employment Agreement (Netgear Inc)

MBO Bonus. Executive will be eligible to receive an annual target bonus of up to Fifty percent Seventy Six Thousand Dollars (50%$76,000.00) per year based upon the Company’s '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.

Appears in 1 contract

Samples: Employment Agreement (Netgear Inc)

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