Performance Bonus Opportunities Sample Clauses

Performance Bonus Opportunities. Executive will be eligible for a performance bonus (the “Performance Bonus”), which is based upon a one-year operating plan adopted by the Board. The bonus will be based on financial and/or operating metrics decided annually by the Board (so long as the Executive is not present at voting or deliberations on any such metrics) or the Compensation Committee and tied to such one-year plan. The target bonus will equate to 30% of Executive’s Base Salary. The Board will have discretion to alter the Performance Bonus upward or downward by 20% based on its good faith discretion.
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Performance Bonus Opportunities a. During the initial Term, Executive will be eligible for a Performance Bonus tied to the Company’s earnings (the “Earnings Bonus”). The Company’s Executive Team will share 15% of the Company’s fiscal year Adjusted EBITDA for 2018 that exceeds $3.0 million (the “Earnings Bonus Pool”). The Company will calculate the performance under this metric as it has traditionally done for other executives. Executive will receive 25% of the 2018 Earnings Bonus Pool as his Earnings Bonus. If Executive is not employed by the Company at the time the results are calculated for payment of the Earnings Bonus, and provided Executive’s employment was not terminated pursuant to Paragraph 5.C., he will be paid a pro-rated amount based on the last date of his employment. Unless otherwise set forth in this Agreement, payments pursuant to this paragraph will be made no later than 15 days following the completion of the Company’s audited financial results and filing of the Company’s annual report for fiscal year 2018 within the time extension period.
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Performance Bonus Opportunities. (1) The Executive will be eligible for a performance bonus of up to 50% of Base Salary (the “Performance Bonus”), payable in an equal combination of cash and awards (“Performance Bonus Stock Awards”) of shares of the Corporation’s common stock (the “Common Stock”), which such Performance Bonus shall be based upon his relative achievement of annual performance goals established by the Corporation’s Board of Directors upon recommendation of the Committee, with input from the Corporation’s senior executive management. Such performance goals are to be established by the Board of Directors no later than the beginning of each fiscal year.
Sample 1
Performance Bonus Opportunities. (1) During the Term, the Executive will be eligible for an annual cash performance bonus of up to 50% of Executive’s Base Salary (the “Performance Bonus”) payable in cash upon the Parent reporting Total Net Sales equal or exceeding the amount set forth below for each performance bonus period (“Performance Bonus Period”) set forth below: Performance Bonus Period Minimum Total Net Sales for Performance Bonus Period October 1, 2020 through September 30, 2021 $60,000,000 October 1, 2021 through September 30, 2022 $80,000,000 October 1, 2022 through September 30, 2023 $100,000,000
Sample 1
Performance Bonus Opportunities a. Executive will be eligible for the following Performance Bonuses which will be paid within fifteen days of completion: (i) $50,000 for completion of the Company’s annual meeting in 2018, (ii) $25,000 for the Company’s listing on the Nasdaq stock exchange, (iii) $10,000 upon the filing of the Company’s annual report for fiscal year 2017, so long as the filing happens within regulatory deadlines and any extension periods, (iv) $5,000 for completion of a shareholder letter with the Company’s annual report and proxy statement for the meeting in 2018, and (v) $10,000 for proactive shareholder outreach to the Company’s top 15 shareholders within the first 6 months of service. Achievement of the milestones will be evaluated in good faith by the Compensation Committee.
Sample 1
Performance Bonus Opportunities a. Executive will be eligible for bonus payments tied to the Company’s Fiscal Year 2019 Earnings (the “Earnings Bonus”). Subject to final approval by the Compensation Committee, Executive will receive a quarterly Earnings Bonus if the Company’s quarterly Adjusted EBITDA exceeds the quarterly target established by the Compensation Committee (the “Quarterly Target”). For any quarter in which Adjusted EBITDA exceeds the Quarterly Target, Executive shall receive 3.75% of the amount in excess of the Quarterly Target. The Company will calculate the performance under this metric as it has traditionally done for other executives. If Executive is not employed by the Company at the time the results are calculated for any quarterly payment of the Earnings Bonus, he will be paid a pro-rated amount based on the last date of his employment. Payments pursuant to this paragraph will be made no later than 15 days following the filing of the Form 10-Q or Form 10-K for the respective period.
Sample 1
Performance Bonus Opportunities. (1) During the Term, the Executive will be eligible for a performance bonus (the “Performance Bonus”), payable in a combination of cash and awards of common stock (“Performance Bonus Stock Awards”), which such Performance Bonus shall be based upon his relative achievement of annual performance goals established by the Corporation’s Board of Directors upon recommendation of the Compensation Committee of the Board of Directors, with input from the Corporation’s senior executive management, including the Executive. Such performance goals are to be established by the Board of Directors no later than the beginning of each fiscal year. So long as the Executive is a member of the Corporation’s Board of Directors, he shall abstain from participation in the deliberations of the Board of Directors in the establishment of the annual performance goals.
Sample 1
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Performance Bonus Opportunities a. Executive will be eligible for a bonus payment tied to the Company’s Fiscal Year 2019 Earnings (the “Earnings Bonus”). Subject to final approval by the Compensation Committee, Executive will receive a Performance Bonus if the Company’s quarterly Adjusted EBITDA exceeds the quarterly target as established by the Compensation Committee (the “Quarterly Target”). For any quarter in which Adjusted EBITDA exceeds the Quarterly Target, Executive shall receive 3.75% of the amount in excess of the Quarterly Target. If Executive is not employed by the Company at the time the results are calculated for payment, he will be paid a pro-rated Performance Bonus based on the last date of his employment. Payments pursuant to this paragraph will be made no later than 15 days following the filing of the Form 10-Q or 10-K. If Change of Control occurs prior to the end of a quarterly period, Executive and the Compensation Committee will negotiate in good faith to determine the Earnings Bonus for the then current period and to set realistic bonus targets for the remainder of the Term. The Company will calculate the performance under this metric as it has traditionally done for other executives, subject, in all cases, to final approval by the Compensation Committee or the Board.
Sample 1

Related to Performance Bonus Opportunities

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • 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.

  • Bonus Opportunity The Company shall offer each year an incentive bonus compensation plan. Such plan will include an annual bonus target amount equal to at least 50% of the Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officer. The amount of any bonus payable to Executive in any year shall be based upon performance targets established in advance under the bonus plan and Executive’s achievement of such performance criteria.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

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