PERFORMANCE BONUS PROGRAM Sample Clauses

PERFORMANCE BONUS PROGRAM. A. The parties agree that Engineers represented by the Brotherhood of Locomotive Engineers and Trainmen (BLET) will be eligible for a bonus payment under the Performance Bonus Program (PBP) established in this Agreement for the periods and on the basis set forth below: 1. Effective January 1, 2007 and payable in 2008, locomotive Engineers will be eligible for a bonus up to a maximum of six percent (6%) of their locomotive Engineer earnings in 2007, calculated in accordance with paragraph B below. 2. Effective January 1, 2008 and payable in 2009, locomotive Engineers will be eligible for a bonus up to a maximum of eight percent (8%) of their locomotive Engineer earnings in 2008, calculated in accordance with paragraph B below. 3. Effective January 1, 2009 and payable in 2010, locomotive Engineers will be eligible for a bonus up to a maximum of ten percent (10%) of their locomotive Engineer earnings in 2009, calculated in accordance with paragraph B below. 4. If the BLET does not exercise its right to cancel participation in the Bonus Program under paragraph F below, all locomotive Engineers will be eligible, effective January 1, 2010 and annually thereafter, for a bonus of twelve percent (12%) in 2010 and increasing to fifteen percent (15%) at the end of the next contract of their locomotive Engineer earnings in that year, payable in the following year, calculated in accordance with paragraph B below, except that locomotive Engineers who achieve a BLET seniority date on or after January 1, 2010 will be eligible in 2010 for this bonus up to a maximum of ten percent (10%) of their locomotive Engineer earnings in 2010, calculated in accordance with paragraph B below, with a one percent (1%) increase in that level each subsequent year until they reach a maximum level negotiated for locomotive Engineers. Locomotive Engineers who achieve a BLET seniority date by December 31 of a year after 2010 will also be eligible for a bonus up to a maximum of ten percent (10%) of their locomotive earnings in that year, calculated in accordance with paragraph B below, with a one percent (1%) increase in that level each subsequent year until they reach a maximum level of fifteen percent (15%). As indicated in paragraphs A (1) - (3) above, a locomotive Engineer will not be eligible for a bonus for any year in which the locomotive engineer has not achieved a BLET seniority date by December 31 of that year. B. 1. Locomotive Engineers covered by this Agreement who are eligible to r...
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PERFORMANCE BONUS PROGRAM. In the spirit of co-operation, the Union and Company agree to work together to ensure the success of the factory. The Company will endeavor to effectively manage the business which includes providing the necessary materials and tools to meet the objectives of the factory. The Union will participate in Nestlé Canada Foundations training, provide ideas and support improvements in the plant. Recognizing the Union’s commitment to this program, the Company will provide a bonus plan: All full time employees shall be entitled to receive the Nestlé Bonus to a maximum of five percent (5%) of eligible earnings if the measurement criteria are exceeded. That is the program must make money before it can pay out. A joint committee will be formed to develop the program with the above criteria as the basic measurement tools. The committee will meet to fully develop the plan. The plan that is developed will be sent to the Senior VP Human Resources, Senior VP Technical & Manufacturing, and the President, Ice Cream for final approval.
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PERFORMANCE BONUS PROGRAM. Executive shall participate in the calendar year 1997 performance bonus program to be established by the Company prior to January 31, 1997 in accordance with performance parameters to be set by the Compensation Committee of the Employer's Board of Directors. The program will provide the opportunity for Executive to earn a maximum cash bonus of $30,000 for performance during calendar 1997, payable by March 31, 1998. Such bonus shall not vest or become payable if this Agreement has been terminated by Executive other than pursuant to Section 5.1.a. (iv) (in connection with a "change of control of the Company") or by Employer for Cause (hereafter defined) prior to December 31, 1997. Receipt of compensation under the performance bonus program shall not preclude Executive from receiving additional bonus or incentive compensation granted in accordance with Company programs or in the discretion of the Board of Directors.
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PERFORMANCE BONUS PROGRAM. Holdco 2 shall cause Canco 2 to establish and implement a performance bonus program for the benefit of, inter alia, Impark Management on the terms set forth in Schedule D.
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PERFORMANCE BONUS PROGRAM. The Company will pay employees a performance bonus in the amounts described below upon the achievement of specified targets by employees in the bargaining unit. The criteria for bonus for hourly employees will be linked to the management bonus system. The bonus shall be paid in a lump sum monthly, if payable and shall be earnable each calendar month. The Company may pay a portion of the bonus in any month and any portion of a monthly not earned may not be earned in a subsequent month. The monthly bonus shall be calculated by multiplying actual hours worked in the month (maximum of 195 hours worked per month) by the appropriate hourly bonus rate (or part thereof.) The first calendar month to be measured for purposes of the Program will end on April 30, 2019. 2019 2020 2021 2022 2023 2024 Grandfathered Seniority Pre-1991 $3.00 $3.00 $3.00 $3.00 $3.00 $3.00 Grandfathered Seniority Post-2000 $2.50 $2.50 $2.50 $2.50 $2.50 $2.50 Regular Seniority $2.30 $2.30 $2.30 $2.30 $2.30 $2.30 Standard Employees $1.60 $1.60 $1.60 $1.60 $1.60 $1.60 The Company and Union agree that notwithstanding any other provision in the collective agreement, no grievances shall be filed, processed or arbitrated concerning any aspect of the Performance Bonus Program since any disagreements concerning the Program do not constitute a difference between the parties for purposes of the collective agreement and the Labour Relations Act. The Company and Union will meet at least quarterly in each year to discuss the operation of the Bonus Program.
Sample 1
PERFORMANCE BONUS PROGRAM. During each calendar year of the term of the collective agreement, regular employees will be eligible to receive a performance bonus based upon the corporate performance component of the Progistix Management, Technical and Administrative Program. Employee eligibility is as follows:
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PERFORMANCE BONUS PROGRAM. The Corporation shall establish and implement a performance bonus program for the benefit of, inter alia, Impark Management on the terms set forth in Schedule F.
Sample 1
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Related to PERFORMANCE BONUS PROGRAM

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • 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 Program You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

  • 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.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • 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.

  • Bonus Programs Employee may participate in any incentive program which may be made available from time to time to Corporation’s employees at Employee’s level; provided, however, that Employee’s participation is subject to the applicable terms, conditions and eligibility requirements of the program, as they may exist from time to time.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

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