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 of this Agreement, 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 Twenty Percent (120%) 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 of this Agreement, must be employed on the date payment of annual bonuses for that fiscal year is made to Company executives generally, which shall 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. 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. 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. 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
(a) 180 days after the conclusion of the event or (b) the end of the calendar year in which the applicable event took place, shall release Wilson of its obligation to pay the Tournament Bonus. Wilson agrees to pay the Ranking Compensation to Endorser if, and to the extent, so provided in a schedule contained in the Performance Bonus Schedule. Unless otherwise stated in the Supplement, Endorser’s ranking as it relates to any applicable ranking reduction or ranking bonus as specified in the Supplement and/or Performance Bonus Schedule shall be calculated by taking the Endorser’s average weekly published ATP or WTA ranking for the relevant Contract Year (e.g., adding all of the Endorser’s published ATP or WTA weekly rankings and dividing by the number of published ATP or WTA weekly rankings per Contract Year). In the event the Supplement or Performance Bonus Schedule refers to “year-end ranking”, Endorser’s ranking as it relates to any applicable ranking reduction or ranking bonus shall refer to the last weekly ranking published by the ATP or WTA before the end of the Contract Year. Compensation payable pursuant to this paragraph shall be paid within 30 days after the end of each Contract Year, subject to receipt by Wilson of an invoice from Endorser or Endorser's representative. In the event Endorser fails to satisfy...
Performance Bonus Compensation. In addition to the Annual Salary provided for by Section 2.1, upon such terms as are hereafter promulgated by the Board of Directors and subject to customary payroll deductions in accordance with the general practice of Capricor, Capricor shall pay Dx. Xxxxxx additional compensation in the form of an annual bonus (the "Annual Performance-Based Bonus") as follows:
Performance Bonus Compensation. During your employment, you may be considered annually for a performance bonus. Currently, your anticipated performance bonus target will be 20% of your base salary (initially $112,000 per annum). An additional component of the bonus plan that can provide a significant upside to the target bonus may be available based on outstanding corporate or personal performance. Performance bonus compensation in any year, if any, will be determined by the Board of Directors of the Company (the “Board”) based on your performance and that of the Company, relative to milestones to be agreed upon between you and your manager, and otherwise in accordance with the general employee bonus program agreed upon by the Compensation Committee of the Board.
Performance Bonus Compensation. The Buyer shall be responsible for the payment of all deferred bonus obligations, as detailed under Disclosure Schedule 5.8, under the Performance Compensation Plan for fiscal year 2007, and shall pay all such bonuses to the Transferred Employees as such bonus obligation are calculated under the Performance Compensation Plan and accrued on the Closing Financial Statements. The Buyer shall make the Performance Compensation Plan bonus payments on the first payroll date in January 2008.