Performance Bonus Compensation. Executive may be eligible for a cash performance/incentive bonus that is approved and granted by the Committee pursuant to the achievement of milestones established by the Committee; such a performance/incentive bonus (“Bonus”) shall be equal to fifty percent (50%) of the Base Salary of the Executive or such other percentage as determined by the Committee. Any Bonus shall be paid within seventy-four (74) days of the Company’s fiscal year end. The Committee will consider such performance-based bonuses, including the milestones for such bonuses, for the Executive on a regular basis, which shall occur at least once each calendar year.
Performance Bonus Compensation. Not later than ninety (90) days after the end of each fiscal year of the Company, so long as the Company has net operating income before income taxes and extraordinary items ("Pre-Tax Income") of $500,000 or more for such immediately preceding fiscal year, as reported on the Company's audited annual financial statements, the Company shall pay to Employee, as incentive compensation, an amount equal to three percent (3%) per year of the Company's Pre-Tax Income for the first $10,000,000, two percent (2%) per year of the next $30,000,000 and one percent per year of the next $100,000,000 or more, yearly of such incentive compensation. The Company agrees to furnish to Employee copy of such financial statements not later than ninety (90) days after the end of each fiscal year of the Company during the term hereof.
Performance Bonus Compensation. Executive shall be entitled to a target annual cash bonus opportunity of gross Six Hundred Thirty Nine Thousand Six Hundred U.S. Dollars ($639,600) based on the achievement of such objectives and terms set forth by the Company for each calendar year and subject to the terms and conditions established for payment of such a bonus (the “Target Performance Bonus”). The Target Performance Bonus is subject to annual review (for increase but not decrease to the extent that Executive continues to perform the responsibilities provided in Exhibit A (without limiting Executive’s ability to claim “Good Reason” under prong (3) of the CIC Agreement as modified hereby)), with any adjustments to be in the discretion of the Company. Any annual cash bonus to which Executive becomes entitled shall be paid in a single lump-sum cash payment as soon as practicable following the end of the calendar year for which the bonus was earned, but in no event later than the 15th day of the third month following the end of such calendar year.
Performance Bonus Compensation. For each fiscal year completed during the term hereof, the Executive shall have the opportunity to earn an annual bonus (“Annual Bonus”) under the executive performance bonus plan then applicable to the Company’s executives generally, as in effect from time to time, based on target objectives determined by the Board or a designated committee thereof after consultation with the Executive. The Executive’s target bonus opportunity (the “Target Bonus”) under the executive performance bonus plan shall be One Hundred and Fifteen Percent (115%) of the Base Salary, with the actual amount of each Annual Bonus being determined in the reasonable discretion of the Board or its designated committee based on the performance of the Executive and the Company against the target objectives. Except as otherwise provided in accordance with the applicable provision of Section 5 hereof in the event of termination of the Executive’s employment hereunder, the Executive, in order to be eligible to earn an Annual Bonus for any fiscal year occurring during the term hereof, must be employed on the date payment of annual bonuses for that fiscal year is made to Company executives generally, which shall generally occur not later than two and one-half months following the close of the fiscal year for which the Annual Bonus was earned.
Performance Bonus Compensation. Employee and NECX shall work together to establish a bonus arrangement based upon the profits of NECX and other criteria to be mutually agreed upon between Employee and NECX.
Performance Bonus Compensation. For fiscal year 2020, the Executive shall have the opportunity to earn an annual bonus (the “FY2020 Bonus”) under the executive performance bonus plan then applicable to the Company’s executive officers generally, as in effect from time to time, based on target objectives (including both Company and individual performance factors) determined by the Board or a designated committee thereof. The Executive’s target bonus opportunity under the executive performance bonus plan for fiscal year 2020 shall be One Hundred Percent (100%) of the Base Salary (the “Target Bonus”), with the actual amount of the FY2020 Bonus being determined in the reasonable discretion of the Board or its designated committee based on the performance of the Executive and the Company against the target objectives. Except as otherwise provided in accordance with the applicable provision of Section 5 hereof in the event of termination of the Executive’s employment hereunder, the Executive, in order to be eligible to earn the FY2020 Bonus, must be employed on the date payment of annual bonuses for fiscal year 2020 is made to Company executives generally, which shall occur not later than two and one-half months following the close of such fiscal year. Other than the FY2020 Bonus, during the Term of this Agreement, the Executive shall not be entitled to earn any annual incentive or bonus compensation.
Performance Bonus Compensation. In addition to any other compensation paid to EXECUTIVE, COMPANY shall pay EXECUTIVE additional performance bonuses in accordance with criteria to be set by the board of directors.
Performance Bonus Compensation. This Section VI shall apply when the Supplement contains a Performance Bonus schedule or compensation. Provided Endorser satisfies the provisions of Sections I and IV, Wilson agrees to pay Tournament Bonus compensation to Endorser based upon Endorser's performance in the tournaments listed in the attached Performance Bonus Schedule. The terms of the Performance Bonus Schedule are incorporated into this Agreement. The amounts of said Tournament Bonuses shall be based upon tournament draw and Endorser's finishing position, both of which shall be verified by Endorser to Wilson. Endorser shall use best efforts to provide evidence or confirmation of earned Tournament Bonuses to Wilson within 60 days of the conclusion of the applicable tournament, which confirmation shall include a copy of the tournament draw. Verification of tournament results shall be made by Wilson based upon publications in International Tennis Weekly or a similar industry guide. Earned Tournament Bonuses are payable 60 days after receipt by Wilson of written confirmation from Endorser. Failure by Endorser to provide an invoice with an accompanying draw sheet within the earlier of
Performance Bonus Compensation. This Section shall apply only if the Supplement provides for the incorporation of a Performance Bonus Schedule. Provided Endorser satisfies the provisions of Section I, Xxxxxx agrees to pay Performance Bonus compensation to Endorser based upon Endorser's performance as set forth in the attached Performance Bonus Schedule. The terms of the Performance Bonus Schedule are incorporated into this Agreement. Earned Performance Bonuses are payable 60 days after the end of the Contract Year in which such bonus(es) are earned.
Performance Bonus Compensation h. Performance Compensation Package. COMPANY shall pay to REPRESENTATIVE the following "Bonus Compensation" for superior performance during a fiscal quarter as per the standard terms and conditions set forth herein. The Bonus Compensation will be based upon total net revenues generated by REPRESENTATIVE. Recurring revenues from Customers secured by REPRESENTATIVE shall be included for as long as Customer purchases the Products from COMPANY. BONUS COMPENSATION SCHEDULE Net Revenues during a fiscal Quarter Bonus Compensation $250,000 -$500,000 0.5 % of net revenues $500,000 -$750,000 1.0 % of net revenues $750,000 -$1 million 1.5 % of net revenues $1 million -$1.5 million 2.0 % of net revenues $1.5 million -$2.5 million 2.5 % of net revenues $2.5 million + 3.0 % of net revenues Appendix B -REPRESENTATIVE's Annual Sales Commitment
