Previously Earned Bonus Sample Clauses

Previously Earned Bonus. Notwithstanding any other provision of this Section 10, in the event that Executive's employment pursuant to this Agreement is terminated at a time when Executive shall have earned a bonus under the Annual Incentive Plan for performance during the prior fiscal year which has not yet been paid, Executive shall be paid such bonus in addition to the amounts otherwise provided for in this Section 10. Such bonus shall be paid in accordance with the Company's normal practices.
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Previously Earned Bonus. Employer will pay to Executive any unpaid management incentive bonus that Executive earned a right to receive as of the last day of the fiscal year ending prior to Executive’s Date of Termination, with payment being made in accordance with the terms of the applicable Plan.
Previously Earned Bonus. Notwithstanding any other provision of this Section 10, in the event that Executive’s employment pursuant to this Agreement is terminated at a time when Executive shall have earned a bonus under the Annual Incentive Plan for performance during the prior fiscal year which has not yet been paid, Executive shall be paid such bonus in addition to the amounts otherwise provided for in this Section 10. Such bonus shall be paid in the fiscal year following the fiscal year for which it is earned, and not later than March 15 of such year, in accordance with the Company’s normal practices. For the sake of clarity, any bonus of Executive under the Company’s Annual Incentive Plan shall deemed to have been earned on December 31 of the year upon whose performance such bonus is based if Executive has been continuously employed by the Company through December 31 of such year.
Previously Earned Bonus. In the event of any termination, other than termination for Cause, Executive shall be entitled to be paid any bonus that Executive had previously earned from the Company with respect to a completed calendar year, but which may not yet have been paid as of the Date of Termination. Such bonus shall be payable on the date such amounts are payable to other executives and Executive’s termination shall not affect the payment of such bonus.
Previously Earned Bonus. For the purpose of determining the Executive’s right to receive payments under the R.X. Xxxxxxxxx & Sons Company Senior Management Incentive Plan, adopted as of January 1, 1998 and amended and terminated as of January 1, 2001 (the “Prior SMIP”), relating to his existing Bank Balance (as such term is defined in the Prior SMIP), any Retirement (as defined in Section 4(f) hereof) of the Executive shall, for purposes of Section 9(c) of the Prior SMIP, be a retirement with the consent of the Company. Any payments to be made to the Executive relating to his existing Bank Balance shall be made to the Executive in accordance with the terms of the Prior SMIP; provided, however, that if the Executive is employed by the Company on the date on which any such payment would otherwise be due to him, he may elect, in lieu of direct receipt of such payment, to have the amount of such payment credited to his account under the Company’s Executive Deferred Compensation Plan, or such other deferral plan as may be agreed to between the Executive and the Company, subject to the terms thereof.
Previously Earned Bonus. Executive will also receive, in accordance with the terms of the applicable Plan, any management incentive bonus that Executive has earned a right to receive as of the last day of the fiscal year ending prior to his Date of Termination. Executive will not be required to mitigate Employer’s payment obligations under this Article 7 by making any efforts to secure other employment, and Executive’s commencement of employment with another employer will not reduce the obligations of Employer pursuant to this Article 7.

Related to Previously Earned Bonus

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • 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”):

  • 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.

  • 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.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • 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.

  • Bonuses and Incentive Compensation During the Employment Term, the Executive shall have opportunities for bonuses and shall have opportunities for incentive compensation comparable to those provided to other senior executives of the Company and shall be eligible to participate in all bonus and incentive compensation plans made available by the Company, from time to time, for its senior executives.

  • 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 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.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

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