Prologic Bonus Plan Sample Clauses

Prologic Bonus Plan. In the event that the Board of Directors of Prologic shall adopt a company-wide bonus plan for which all executive-level employees shall be eligible (the "Prologic Plan"), then Executive shall be entitled to make an election to participate in the Prologic Plan. Such plan will become effective only at the commencement of Prologic's fiscal year, and Executive shall have the opportunity to make her election to participate at that point in time. If Executive elects to participate in the Prologic Plan, Executive shall irrevocably forfeit all of her future rights under the Consolidated Net Profits Bonus, and shall be entitled to participate only in the Prologic Plan from that point forward. All bonuses set forth in Section 3(a) shall be paid annually, within ninety (90) days after the completion of each annual period. However, Executive shall be entitled to receive a quarterly draw against her Net Contribution Bonus in an amount equal to fifty percent (50%) of such bonus earned during the fiscal quarter. Such quarterly draws shall be paid within thirty (30) days after the close of the quarter. The remainder of the Net Contribution Bonus shall be paid annually pursuant to the terms contained herein. In the event that the
Sample 1
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Related to Prologic Bonus Plan

  • 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 Plan Such bonus, if any, as shall be determined upon the recommendation of the CEO by the Board (or any designated Committee of the Board comprised solely of independent directors), shall be paid in accordance with the terms and conditions of the bonus plan established for the Company (“Bonus Plan”).

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Bonus Plans A bonus is a lump sum payment that is not a permanent increase to the salary base of the individual and may be granted at the discretion of the President. A bonus may be awarded at any time and may be used for a variety of salary adjustments including, but not limited to, the following:

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