Profitability Bonus Sample Clauses

Profitability Bonus. The Company may pay the Employee a bonus if, in the sole judgment of the Board of Directors, the earnings of the Company or the services of the Employee merit such a bonus.
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Profitability Bonus. In each year of the agreement, each Employee who has been employed with the Company for a minimum of 12 months shall be paid a one-off bonus payment if the yearly net profit for the service department exceeds budget as follows: (i) If the yearly net profit exceeds 15% of budget, $1000; or (ii) If the yearly net profit exceeds 25% of budget, $1500.
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Profitability Bonus. (1) The Company shall pay a profitability bonus as a reward to employees for their contributions towards the profitability of the Company. The Company shall brief and discuss with the Union two weeks before deciding on the quantum payable. However, the Company shall have the final discretion to decide on the quantum payable. Employees who retire before payment date, shall be paid on a pro-rated basis in respect of the completed months of service for that year. However in assessing contribution, the Company shall take into consideration the attendance and performance of the individual employee. Deductions for absence shall be made when an employee is on — (a) paid medical and hospitalisation leaves from the Company doctor or approved hospitals and Government OPDs which is in excess of 14 days including hospitalisation leave. (b) unauthorised absences, authorised unpaid leave, unpaid sick leave and suspensions. (2) The quantum of profitability bonus per employee shall be calculated as follows: (a) Subject to sub-clause (1) (a) of this clause, the eligible profitability bonus shall be computed as follows: (b) Subject to sub-clause (1) (b) of this clause, the amount to be deducted from the eligible profitability bonus shall be calculated as follows:
Sample 1
Profitability Bonus. Sixty Percent (60%) of the Target Bonus Amount shall be earned upon the Company achieving Operational Profitability for the full year. Operational Profitability is defined as positive net earnings for the period before interest and taxes. The annual Target Bonus will be measured and paid when earned, pro rata, on a quarterly basis. The Target Bonus will be considered earned upon the Company reaching profitability in the period after the bonus is paid to executive. Upon approval from the Compensation Committee of the Board of Directors of Loudeye, the Executive may exchange all or a portion of the earned bonus for additional options in the company share option program.
Sample 1
Profitability Bonus. In addition to the Base Salary, Employee will be eligible for a bonus of $250,000 if the Company achieves Profitability for a fiscal quarter while he serves as CEO or during the first fiscal quarter reported following the cessation of his employment as CEO, provided that the Company will have achieved an average of at least 15% sequential quarterly revenue growth – starting with Fiscal Q3 2013. Profitability will be achieved if revenue exceeds expenses, excluding the following expenses: (i) all non-recurring restructuring compensation payments and vendor settlements costs, (ii) costs related to operations that were discontinued prior to the end of the fiscal quarter being measured, and (iii) Xxxxxxx Xxxxxxx litigation expenses. Any such bonus due shall be payable within 30 days from issuance of the 10Q for the fiscal quarter in which the company achieved Profitability.
Sample 1
Profitability Bonus. Notwithstanding other Bonus plans that may be put in place by the Company, the Executive shall be entitled to a one-time bonus which shall be awarded upon achievement by the Company of two consecutive calendar quarter periods of positive EBITDA in accordance with GAAP. The amount of such Profitability Bonus shall be $50,000, which shall be paid to the Executive as soon as the Chief Executive Officer of ELC determines is reasonably practical for balance sheet considerations.
Sample 1
Profitability Bonus. A bonus shall be paid on the profitability of the Revenue Management Services Group business unit (RMSG). The bonus will be an amount equal to 3% of the net profit of RMSG after allocation of corporate overhead, such allocation not to exceed six (6%) of net revenue of RMSG for the first twelve months. The allocation of corporate overhead shall not exceed nine (9%) for the second twelve months and shall not exceed twelve (12%) thereafter. This bonus will be paid quarterly sixty days after then end of each calendar quarter. If RMSG's net profit exceeds $250,000 in any one month, the bonus for that net profit in excess of $250,000 shall be ten percent (10%). The allocation of overhead shall be based on the average of monthly overhead applied for management reporting purposes during any period.
Sample 1
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Profitability Bonus. A profitability bonus will be awarded as of the date of ratification of this Agreement, and as of August 16 of each of 2001, 2002, 2003 and 2004, of up to three percent (3%), should the adjusted operating margin for the Company during the applicable preceding calendar year exceed nine percent (9%). As the adjusted operating margin for the applicable calendar year increases from nine percent (9%) up to fifteen percent ( 1 5 % ) , the profitability bonus for the following August 16 will increase on a straight line basis from zero percent (0%) up to three percent (3%), rounded to the nearest one hundredth of a percent. For purposes of the foregoing calculations, the adjusted operating margin will be defined by the following formula: Operating Revenues (a) minus Adjusted Operating Expenses (b) Operating Revenues (a) (a) Operating Revenues will be as set forth in the consolidated statement of income in the annual report to shareholders. (b) Adjusted Operating Expenses will be operating expenses as set forth in the consolidated statement of income in the annual report to shareholders adjusted for the following reasons: (i) If the Company finances aircraft through long term operating leases, Operating Expenses will be adjusted with respect to such aircraft as follows: Operating Expenses $XXX Less: Aircraft Rental Expense (x) $XXX Add: Pro Forma Aircraft Depreciation Expense (y) $XXX Adjusted Operating Expense $YYY
Sample 1
Profitability Bonus. The Employee shall be entitled to receive a bonus nine (9) months from the Effective Date (payable within thirty (30) days thereof) equal to ten percent (10%) of the profits on the amount by which the Company's xxxxxxxx on the Oracle account exceed Sixteen Million Dollars ($16,000,000). The Employee shall also be entitled to receive a bonus eighteen (18) months from the Effective Date (payable within thirty (30) days thereof) equal to ten percent (10%) of the profits on the amount by which the Company's xxxxxxxx on the Oracle account exceed Twenty Million Dollars ($20,000,000). In addition, without limiting the foregoing, the Company may pay the Employee a bonus if, in the sole judgment of the Board of Directors, the earnings of the Company or the services of the Employee merit such a bonus.
Sample 1

Related to Profitability Bonus

  • Longevity Bonus After twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • 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”).

  • 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.

  • Target Bonus Executive will be eligible to receive an annual bonus of up to forty percent (40%) of Executive’s Base Salary, less applicable withholdings, upon achievement of performance objectives to be determined by the Board in its sole discretion (the “Target Bonus”). The Target Bonus, or any portion thereof, will be paid as soon as practicable after the Board determines that the Target Bonus has been earned, but in no event shall the Target Bonus be paid after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which the Target Bonus is earned or (ii) March 15 following the calendar year in which the Target Bonus is earned.

  • 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.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • 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.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • 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

  • 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.

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