Minimum Bonus. The Company shall pay Executive the Minimum Bonus(es) that he would have received pursuant to Section 6(b) if his employment had continued until the end of the Term of Employment (or if this Agreement is renewed, until the end of the Renewed Term of Employment).
Minimum Bonus. For each calendar year during which Executive is employed by the Company (commencing with the 2012 calendar year), he shall be entitled to a minimum cash bonus (the “Minimum Bonus”) of $300,000 annually, which amount shall be paid to the Executive in quarterly installments of $75,000 during the calendar year with each installment paid to the Executive as soon as administratively practicable following each quarter end (but in all events within 30 days thereafter) if the Executive remains employed by the Company as of the last day of such quarter; provided, that the quarterly payments for the first two quarters of the 2012 calendar year shall be paid to Executive as soon as administratively practicable following the date hereof (but in all events within 30 days thereafter).
Minimum Bonus. The Agreement, as amended, is further amended by substituting the following for Paragraph 3(d) of the Agreement:
Minimum 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 minimum bonus (the "Minimum Bonus") equal to $50,000; provided, that the Minimum Bonus payable for the fiscal year of the Employer ended July 31, 1995 shall be prorated based on the number of days elapsed from the Commencement Date until the end of such fiscal year. The Minimum 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; provided, that the Minimum Bonus shall not be payable for any fiscal year of the Employer ending after July 31, 1996 if Actual EBITA (as defined in Section 4(c)) for each of the previous two consecutive fiscal years of the Employer was less than 90% of Budgeted EBITA (as defined in Section 4(c)) for such fiscal year (it being understood that if the Minimum Bonus is not paid for any such fiscal year as a result thereof, and subsequent thereto Actual EBITA of the Employer exceeds 90% of Budgeted EBITA for such fiscal year, the Minimum Bonus shall be payable for such succeeding fiscal year).
Minimum Bonus. The Company will pay to Executive a "Minimum Bonus" of Twelve Thousand Dollars ($12,000), less all applicable withholdings, which will be paid monthly for 12 months. The Minimum Bonus will be a part of any Bonus earned as contemplated under Section 2.2 above.
Minimum Bonus. On July 8, 2003, the Executive shall receive a grant from the Company of 20,000 shares of restricted common stock of the Company (the “Restricted Stock”) pursuant to the terms of the Company’s stock incentive plan (the “Stock Plan”). The Restricted Stock shall vest in accordance with the Company’s restricted stock agreement dated July 8, 2003, provided, that, notwithstanding the foregoing, the Restricted Stock shall immediately vest and be exercisable or transferable upon a “change in control” of the Company (as defined in the Stock Plan) following the Effective Date or upon the Executive’s termination of employment by the Company other than for Cause, including the Executive’s death or Disability, or by the Executive for Good Reason. The number of shares of the Restricted Stock shall be appropriately and proportionately adjusted simultaneously with any change in capitalization or any reorganization of the Company, as provided for in the Stock Plan. The vesting of the Restricted Stock each year shall be a “Minimum Bonus” to the Executive for his services performed in 2003, 2004, 2005 and 2006. For purposes of Section 3(b)(ii), the Minimum Bonus for 2003, 2004, 2005 and 2006 shall be valued as follows: Bonus Year Minimum Bonus 2003 $ 75,000 2004 $ 150,000 2005 $ 150,000 2006 $ 75,000
Minimum Bonus. For each of the bonus (calendar) years ending December 31, 2000 and 2001, the Partner shall receive a minimum annual bonus of $1,600,000 (the "Minimum Bonus"), payable when bonuses are paid for these bonus years (currently December and the following March), provided that the Partner is in the Company's employ on the respective bonus payment dates, unless his termination is due to the Partner's death, disability or termination Without Cause or for Good Reason, in which case such bonus is payable in accordance with the terms of the applicable termination provision hereof.
Minimum Bonus. If the Employee remains employed by the Company through December 31, 1999, the Company shall, no later than January 15, 2000, pay the Employee the difference, if any, by which Cdn $300,000 exceeds the aggregate bonus payments made by the Company to the Employee pursuant to Sections I and II above.
Minimum Bonus. In addition to the E Bonus and the HV Bonus to which Executive is entitled in accordance with subsections A and B above, in each fiscal year of the Term, Executive shall be entitled to receive as bonus compensation a minimum yearly bonus of 12.5% of the applicable Xxxxx Xxxxx Page 3 year's Base Salary (the "Minimum Yearly Bonus"), provided, however, that to be eligible for this Minimum Yearly Bonus, the Company must achieve 110% of the E Target for the Company's fiscal year commencing April 1, 2004.
Minimum Bonus. With respect to fiscal years 1994 through 1996, the Executive shall be entitled to a minimum bonus of not less than fifteen percent (15%) of his Base Salary for such year ("Minimum Bonus"), which Minimum Bonus shall be payable to the Executive at such time as bonuses are generally paid to executives of the Company. Any bonus earned in accordance with the performance grid with respect to any year for which a Minimum Bonus is payable shall be offset by such Minimum Bonus.
