Plan Bonus Sample Clauses

Plan Bonus. With respect to each Fiscal Year of the Company falling in whole or in part during Executive’s employment following the Effective Date, Executive shall be entitled to receive a bonus pursuant to this Agreement in an amount determined in accordance with, and subject to all of the terms of, the Pall Corporation 2004 Executive Incentive Bonus Plan as it may be amended from time to time, a copy of which is annexed hereto and incorporated herein by reference (the “Bonus Plan”). Words and terms used herein with initial capital letters and not defined herein are used herein as defined in the Bonus Plan. For purposes of determining the amount of the bonus payable to Executive for any Fiscal Year under the Bonus Plan (the “Plan Bonus”), Executive’s Target Bonus Percentage shall be 105% for such Fiscal Year.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Plan Bonus. With respect to each Fiscal Year of the Company falling in whole or in part within the Term of Employment beginning with the Fiscal Year ending August 3, 2002, Executive shall be eligible to receive a Bonus (in addition to his Base Salary) in accordance with the terms of the Pall Corporation Executive Incentive Bonus Plan adopted by the Compensation Committee of the Board of Directors of the Company on July 17, 2001 and approved by shareholders at the annual meeting of shareholders on November 14, 2001, a copy of which is annexed hereto and incorporated herein by reference (the "Bonus Plan"). Words and terms used herein with initial capital letters and not defined herein are used herein as defined in the Bonus Plan. For purposes of determining the amount of the Bonus payable to Executive for any Fiscal Year under the Bonus Plan (the "Plan Bonus"), Executive's Target Bonus Percentage shall be 28% of his Base Salary for such Fiscal Year.
Sample 1Sample 2Sample 3
Plan Bonus. As used herein, the term "Bonus Plan" means the Pall Corporation Executive Incentive Bonus Plan adopted by the Compensation Committee of the Board of Directors of the Company on July 17, 2001, approved by shareholders at the annual meeting of shareholders on November 14, 2001 and amended by the Compensation Committee on July 16, 2002 and November 1, 2002 effective for the Fiscal Year beginning August 4, 2002, a copy of which is annexed hereto and incorporated herein by reference. Words and terms used herein with initial capital letters and not defined herein are used herein as defined in the Bonus Plan. With respect to each Fiscal Year of the Company falling in whole or in part within the Term of Employment beginning with the Fiscal Year ending on the Saturday nearest to the 31st day of the month of July next following the Term Commencement Date: o if Executive is a member of the Operating Committee of the Company, Executive shall be eligible to receive a Bonus pursuant to and in accordance with the terms of the Bonus Plan; or o if Executive is not a member of the Operating Committee, Executive shall be entitled to receive a Bonus pursuant to this Agreement in an amount determined in accordance with and subject to all of the terms of the Bonus Plan. For purposes of determining the amount of the Bonus payable to Executive for any Fiscal Year as provided in this ss.3(b)(i) (the "Plan Bonus"), Executive's Target Bonus Percentage shall be 42% of his Base Salary for such Fiscal Year.
Sample 1Sample 2
Plan Bonus. Employee will be eligible to earn a bonus of up ---------- to Three Hundred and Four Thousand Dollars ($304,000.00) bonus (the "Plan ---- Bonus") during his first year of employment with Company. The performance ----- criteria relative to the Plan Bonus is as set forth in Exhibit A attached --------- hereto.
Sample 1
Plan Bonus. As used herein, the term "Bonus Plan" means the Pall Corporation Executive Incentive Bonus Plan adopted by the Compensation Committee of the Board of Directors of the Company on July 17, 2001 and approved by shareholders at the annual meeting of shareholders on November 14, 2001, a copy of which is annexed hereto and incorporated herein by reference. Words and terms used herein with initial capital letters and not defined herein are used herein as defined in the Bonus Plan. With respect to each Fiscal Year of the Company falling in whole or in part within the Term of Employment beginning with the Fiscal Year ending August 3, 2002: o if Executive is a member of the Operating Committee of the Company, Executive shall be eligible to receive a Bonus pursuant to and in accordance with the terms of the Bonus Plan; or o if Executive is not a member of the Operating Committee, Executive shall be entitled to receive a Bonus pursuant to this Agreement in an amount determined in accordance with and subject to all of the terms of the Bonus Plan. For purposes of determining the amount of the Bonus payable to Executive for any Fiscal Year as provided in this ss.3(b)(i) (the "Plan Bonus"), Executive's Target Bonus Percentage shall be 28% of his Base Salary for such Fiscal Year.
Sample 1
Plan Bonus. With respect to each Fiscal Year of the Company falling in whole or in part within the Term of Employment beginning with the Fiscal Year ending on the Saturday nearest to the 31st day of the month of July next following the Term Commencement Date, Executive shall be entitled to receive a Bonus pursuant to this Agreement in an amount determined in accordance with, and subject to all of the terms of, the Pall Corporation Executive Incentive Bonus Plan adopted by the Compensation Committee of the Board of Directors of the Company on October 16, 2003, approved by shareholders at the annual meeting of shareholders on November 19, 2003, effective for the Fiscal Year beginning August 3, 2003, a copy of which is annexed hereto and incorporated herein by reference (the "Bonus Plan"). Words and terms used herein with initial capital letters and not defined herein are used herein as defined in the Bonus Plan. For purposes of determining the amount of the Bonus payable to Executive for any Fiscal Year under the Bonus Plan (the "Plan Bonus"), Executive's Target Bonus Percentage shall be 42% of his Base Salary for such Fiscal Year.
Sample 1
Plan Bonus. Employee shall be entitled to a Plan Bonus determined as provided for in the Plan; provided, however, that for purposes of calculating Employee’s Plan Bonus, if any, under the Plan, the [*] under the Plan shall only be applied to [*].
Sample 1
AutoNDA by SimpleDocs

Related to Plan Bonus

  • 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 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.

  • Retention Bonus (a) Subject to Sections 2(b), 2(c) and 2(d) below and your continued employment through the Determination Date (as defined below), you will be eligible to receive a Retention Bonus equal to the annual bonus you would have been eligible to receive under the Company’s Annual Incentive Plan based on the Company’s actual performance for 2023, as determined by the Compensation Committee of the Board of Directors (the “Committee”) following the completion of 2023, had you been a participant in the Annual Incentive Plan with a target bonus opportunity of up to 40% of your base salary (such amount as determined by the Committee, the “Retention Bonus”), which determination shall occur between January 1, 2024 and March 15, 2024 (the date of such determination, the “Determination Date”). The Retention Bonus, if any, will be paid in cash in a lump sum between January 1, 2025 and March 15, 2025. You will continue to be considered an employee of the Company for purposes of this letter agreement if you are on a Company- approved leave of absence. (b) In the event of a Change in Control during 2024, subject to your continued employment through the earlier of: (1) the Determination Date; or (2) the date of the Change in Control, you will be eligible to receive your Retention Bonus in cash in a lump sum within 10 days following the date of the Change in Control. (c) In the event of your Involuntary Termination (as defined in the Employment Agreement) on or after the Determination Date but on or prior to the date you have received the Retention Bonus, you will be eligible to receive your Retention Bonus in cash in a lump sum within 10 days following the effective date of your Release (as defined below). As a condition to your receipt of the Retention Bonus pursuant to this Section 2(c), you shall execute and not revoke a general release of all claims in favor of the Company and its affiliates (the “Release”) in the form attached to the Employment Agreement as Exhibit A. In the event the Release does not become effective within the 55-day period following the date of your Involuntary Termination, you shall not be entitled to the Retention Bonus. (d) If your employment terminates prior to the Determination Date for any reason, then this letter agreement will terminate, and you will forfeit any right you may have to receive the Retention Bonus.

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

  • Vacation Bonus Employees shall receive one day's base pay (or adjusted earnings) for each year of service beyond twenty-five (25) years, to a maximum of ten (10) days’ pay.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌ (a) Retire at age sixty-five (65) years; or (b) Retire after age sixty-five (65) years; or (c) Have completed at least ten (10) years continuous employment and retire after age fifty-five (55) years but before age sixty-five (65) years; (d) Employees who have completed at least ten (10) years continuous service with the Employer, whose age plus years of that service equal eighty (80); shall be granted retirement bonus on the basis of four (4) days per year of employment.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • 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.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!