One-Time Bonuses Sample Clauses

One-Time Bonuses. The Company will provide a one-time lump sum bonus for those Employees who have completed initial probation and are working under the TWU Local 555 Agreement as of the Date of Ratification (February 19, 2016) and must be employed at Southwest Airlines five (5) business days prior to date of payment. Ratification Bonus $42,000,000 Profitability Bonus $15,000,000 Provided the Company has achieved a ROIC of 25% or Greater in 2015 401K Gap Payment $23,000,000 Provided this Agreement is ratified no later than February 29, 2016, the Company will pay the following lump sum payments to eligible employees within 90 days of February 19, 2016. Bonuses will be distributed based on Southwest Airlines 401(k) eligible earnings, while working under the TWU Local 555 Agreement, from July 1, 2011 to June 30, 2015 as provided for in the table below. July 1, 2011 to June 30, 2015 Total Southwest 401(k) eligible earnings Lump Sum Bonus (Ratification, Profitability & 401(k) Gap) From To $1.00 $10,000.00 $509.00 $10,000.01 $20,000.00 $1,016.35 $20,000.01 $30,000.00 $1,522.04 $30,000.01 $40,000.00 $2,026.09 $40,000.01 $50,000.00 $2,528.51 $50,000.01 $60,000.00 $3,029.28 $60,000.01 $70,000.00 $3,528.43 $70,000.01 $80,000.00 $4,025.97 $80,000.01 $90,000.00 $4,521.88 $90,000.01 $100,000.00 $5,016.18 $100,000.01 $110,000.00 $5,508.88 $110,000.01 $120,000.00 $5,999.98 $120,000.01 $130,000.00 $6,489.48 $130,000.01 $140,000.00 $6,977.37 $140,000.01 $150,000.00 $7,463.70 $150,000.01 $160,000.00 $7,948.44 $160,000.01 $170,000.00 $8,431.61 $170,000.01 $180,000.00 $8,913.20 $180,000.01 $190,000.00 $9,393.24 $190,000.01 $200,000.00 $9,871.71 $200,000.01 $210,000.00 $10,348.61 $210,000.01 $220,000.00 $10,823.98 $220,000.01 $230,000.00 $11,297.80 $230,000.01 $240,000.00 $11,770.09 $240,000.01 $250,000.00 $12,240.83 Over $250,000.00 $12,724.96 ∗ For Purposes of the Profitability Bonus, ROIC is the Company’s "Return On Invested Capital” as defined and reported in the Fourth Quarter and Annual Earnings Release.
Sample 1
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One-Time Bonuses. The Company will pay Executive (i) a one-time bonus of Fifty-Nine Thousand Dollars ($59,000), less applicable withholdings, within ten (10) business days of the Effective Date; and (ii) a one-time bonus of Forty-Four Thousand Two Hundred Fifty Dollars ($44,250), less applicable withholdings, contingent upon the successful closing of the Company’s Series B Preferred Stock Financing such that at least Twenty Million Dollars ($20,000,000) is raised on or before August 31, 2018, provided that Executive must remain employed with the Company through the date the bonus is actually paid in order to earn the bonus. This latter bonus shall be paid within ten (10) business days following the closing of the Company’s Series B Preferred Stock Financing.
Sample 1
One-Time Bonuses. The Executive shall be entitled to the following as one-time bonuses: (A) The percent set forth on paragraph
Sample 1
One-Time Bonuses 
Sample 1

Related to One-Time Bonuses

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • Accrued Salary and Paid Time Off On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments by law.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Retention Bonuses Provided Executive becomes and remains an active employee of Mercantile, Mercantile will pay Executive retention bonuses in accordance with the following schedule: (i) $42,750.00 [25% of salary and target incentive compensation], to be paid on the first payroll period following the Effective Time, (ii) $42,750.00 [25% of salary and target incentive compensation], to be paid on the first payroll period following six (6) months of Executive’s employment with Mercantile, (iii) $42,750.00 [25% of salary and target incentive compensation], to be paid on the first payroll period following twelve (12) months of Executive’s employment with Mercantile. After twelve (12) months of Executive’s employment with Mercantile, Executive will not be entitled to any further Severance or Retention benefits. The above-listed payments and benefits are in lieu of any and all payments and benefits to which Executive may otherwise have been entitled under the CIC Agreement or any other agreement or practice.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Sick Leave Bonus ‌ For every six (6) months of perfect sick leave attendance after July 1, 1987, the employee will receive eight (8) hours of bonus time. This bonus time will be prorated for part-time employees. Such bonus time can be used for any leave purpose covered by this Agreement. Such bonus time shall be counted as vacation leave credits for purposes of determining eligibility for carry- over and cash payments.

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

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