Profit Sharing Bonus. 1. If the Employer achieves a published, annual operating ratio of 96.0 or below for any full calendar year during this agreement (2014 through 2017), each employee will receive a bonus based on their individual W-2 earnings (excluding any profit sharing bonuses) for the year in which the qualifying operating ratio was achieved according to the following schedule:
Profit Sharing Bonus. (a) For each Fiscal Year during the term of this Agreement, the Company shall pay to Employee a profit-sharing bonus, if any, as determined by this Section 4. For all purposes of this Agreement, “Fiscal Year” shall mean the Company’s fiscal year ending on December 31.
Profit Sharing Bonus. For each Fiscal Year (as defined below) during the term of this Agreement, the Company may pay to Employee a cash bonus based on the performance of Employee and on whether the Company meets its earnings goals. The amount of any bonus awarded pursuant to this Section 5(a) will be determined by the Board of Directors of the Company (in its complete discretion), but shall not exceed forty percent (40%) of Employee’s Base Salary. Except as provided in Section 8(b)(iii), no bonus shall be payable under this Section 5(a) unless Employee’s employment under this Agreement continues through the end of the Fiscal Year to which the bonus relates. Any amounts due to the Employee under this Section 5(a) shall be paid within the two and one-half (2 1/2) month period immediately following the Fiscal Year to which the bonus relates. For all purposes of this Agreement, “Fiscal Year” shall mean the Company’s fiscal year ending on December 31.
Profit Sharing Bonus. If the Employer achieves a published, annual operating ratio of 93.096.0 or below for any full calendar year during this agreement (20242019 through 20272022), each employee will receive a bonus based on their individual W-2 earnings (excluding any profit sharing bonuses) for the year in which the qualifying operating ratio was achieved according to the following schedule: ABF Published Annual Operating Ratio Bonus Amount 95.1 to 96.091.1 to 93.0 1% 93.1 to 95.089.1 to 91.0 2% 93.0 and below87.1 to 89.0 3%
Profit Sharing Bonus. Employee will participate in the corporation's executive profit sharing plan which provides for the payment of additional compensation to key executives of the company as determined by the Board of Directors or a committee so designated by them, with employee's share to be up to $37,500.
Profit Sharing Bonus. Company shall pay to Employee a bonus based on the profitability of the Company as set forth below:
Profit Sharing Bonus. Prior to or at the Closing, the Shareholder or any of its Affiliates (other than the Company or its Subsidiaries) shall pay the Profit Sharing Bonus Accrual to the CSI Employees. Not later than March 1, 2015, any CSI Employee still employed by the Company or an Affiliate of the Purchaser as of December 31, 2014 shall receive from the Company or one of its Affiliates a payment calculated by annualizing the amount set forth on the Profit Sharing Bonus Accrual Schedule (defined below) across from such CSI Employee’s name and pro rating such amount for the period beginning on the Closing Date to and ending on December 31, 2014.
Profit Sharing Bonus. Employee shall be paid a profit sharing bonus based upon the contribution margin of the Company's ChartMaxx division (or subsidiary) as follows:
(i) In the event the contribution margin of the ChartMaxx division (subsidiary) exceeds its quarterly budgeted contribution margin, Employee shall be paid a profit sharing bonus for such quarter equal to an amount computed under the following formula: (((actual quarterly contribution margin - budgeted quarterly contribution margin) / 55,000) x 10,000). Notwithstanding the forgoing sentence, however, the quarterly profit sharing bonus shall not exceed $10,000 for any fiscal quarter. Further, the amount of the profit sharing bonus shall be charged against the ChartMaxx division (subsidiary) in determining the amount of the actual contribution margin.
(ii) In the event the actual annual contribution margin of the ChartMaxx division (subsidiary) exceeds its annual budgeted contribution margin by $220,000 for fiscal year 1998, Employee shall be paid a profit sharing bonus equal to $40,000, less the amount of any and all profit sharing bonuses, paid or payable under Subsection 4(b)(i), above. In computing the actual annual contribution margin of the ChartMaxx division (subsidiary), the amount of any and all profit sharing bonus(es) based upon the contribution margin of the ChartMaxx division (subsidiary) shall be charged against the ChartMaxx division (subsidiary).
Profit Sharing Bonus. Employer agrees to pay a profit sharing bonus to the Employee based upon the prior year's financial results. Within 90 days of the fiscal year-end (currently the calendar year end December 31) Employer will compute the net profits before taxes and before any declared dividends of those profits (subject to audit) and pay to the Employee 3.4% of his net profit amount.
Profit Sharing Bonus. The Executive also shall be eligible to participate in the annual profit sharing bonus program that is available to all employees of the Bank (the "Profit Sharing Bonus").
