Performance Bonus Payments. Sign On Bonus: The executive will receive a one-time cash bonus payment of $50,000 USD, as well as 10,000 stock options exercisable based on the closing share price the day before the effective date of this Agreement. Both the cash payment and the stock option grant are due within 5 business days of execution of this Agreement, or as soon as reasonably possible. The cash bonus portion of the Sign-On Bonus may be deferred by the Executive in whole or in part. Target Performance Bonus(s):
Performance Bonus Payments. Payments shall be based on the Final Evaluation in subsection B and shall be payable by August 31.
Performance Bonus Payments. Within thirty (30) days after University’s intercollegiate athletics team achieves any performance goal identified below, Licensee will pay University the specified cash performance bonus amount. Licensee will pay the cash performance bonus amount to University each time a University intercollegiate athletics team achieves on of the performance goals. [Note: This provision will be completed prior to execution based on Proposer’s proposal.]
Performance Bonus Payments. Employee shall be eligible to participate in the Company's bonus program. Commencing with the Fourth Quarter of Calendar Year 2000, Employee's target bonus will be 105%.
Performance Bonus Payments. Subject to Section 3.4, the Company shall pay the Employee a performance bonus in the amount of $195,000 in twelve (12) equal monthly installments as bonus pay (“Performance Bonus Pay”). The unpaid portion of the bonus payment due will accrue simple interest at the rate of 18%. The monthly payments shall be payable starting in March 2007 and will continue until the Performance Bonus Pay is made in full (“Performance Bonus Payment Term”). The Performance Bonus stands alone, and is in no way tied to any future Salvage Bonus that the Board of Directors may award to honor the accomplishments of the salvage team.
Performance Bonus Payments. A performance bonus payment will be paid to employees covered by this Agreement of up to 1.5% (before tax) on the first full pay period in July 2012 of this Agreement, subject to the achievement of the targets set out below. This bonus will become part of the base salary. 20011/2012 Measuring Period Target 1 Zero (0) Notification of Occurrences as per the Occupational Health, Safety and Welfare Regulations (SA), 1995. (50% value of Bonus). In the event that One (1) Notification of Occurrences as per the Occupational Health, Safety and Welfare Regulations (SA), 1995 is received, the value will reduce to 25%.
Performance Bonus Payments. (1) The Performance Bonus provided for in this Subsec- tion recognizes the principle that a continuing im- provement in the standard of living of employees depends upon technological progress, better tools, methods processes and equipment, and a coopera- tive attitude on the part of all parties in such progress. It further recognizes the principle that to produce more with the same amount of human effort is a sound economic and social objective. Accordingly, it is agreed that the following Performance Bonus payment shall be made to each eligible employee in accordance with the following table: Eligibility Date Amount Payable During Week Ending September 15, 2008 September 21, 2009 September 20, 2010 Three Percent (3.0%) of Qualified Earnings Four Percent (4.0%) of Quali- fied Earnings Three Percent (3.0%) of Quali- fied Earnings October 12, 2008 October 18, 2009 October 17, 2010 An employee shall become eligible for a Performance Bonus payment as hereinafter defined, provided he/she has seniority as of the designated eligibility date set forth above. An employee’s Performance Bonus will be based on the Qualified Earnings during the 52 consecutive pay peri- ods immediately preceding the pay period in which the designated eligibility date falls.
Performance Bonus Payments. 5.8.1 An individual performance bonus payment is available to employees based on the following criteria:
