Quantitative Bonus Sample Clauses

Quantitative Bonus. The Quantitative Bonus will be based on a budget for the Employer’s operations, existing at the time such budget is made, which will be prepared annually by management in respect of each fiscal year and approved by the Board (the “Annual Budget”). Annual Budgets will be so prepared and approved within 60 days of the beginning of each applicable fiscal year and will include a budget for the Employer’s consolidated pre-tax net income (“Net Income”) for the year.
Sample 1Sample 2
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Quantitative Bonus. The Quantitative Bonus, if any, will be in amount up to 70% of the Employee’s Base Salary (the “Maximum Quantitative Bonus”). The amount of the Quantitative Bonus will be calculated based on the Company reaching a minimum achievement goal (the “Minimum”), at which level Employee shall begin to have the right to receive a portion of such Quantitative Bonus, a target achievement goal (the “Target”), where Employee shall have the right to receive one-half of the Maximum Quantitative Bonus, and an overachievement goal (the “Maximum”), where Employee shall have the right to receive the maximum incentive amount of the Maximum Quantitative Bonus. The actual incentive payment amount will be calculated, based on actual results attained, prorated on a straight-line basis between the Minimum and the Target, or the Target and the Maximum, whichever is applicable.
Sample 1Sample 2
Quantitative Bonus. The Quantitative Bonus, if any, will be in amount up to 100% of the Initial Base Salary (i.e. $350,000), with a target of 50% of the Initial Base Salary (i.e. $175,000). The Quantitative Bonus will be calculated based on reaching a minimum achievement goal (the “Minimum”), where Executive shall have the right to receive a portion of such Quantitative Bonus, a target achievement goal (the “Target”), where Executive shall have the right to receive the target amount ($175,000), and an overachievement goal (the “Maximum”), where Executive shall have the right to receive the maximum incentive amount ($350,000) of the Quantitative Bonus. The actual incentive payment amount will be calculated, based on actual results attained, prorated on a straight-line basis between the Minimum and the Target, or the Target and the Maximum, as applicable. (i) For the Company’s fiscal year ending February 28, 2010 (“Fiscal 2010”), the Quantitative Bonus will be calculated based on the Company’s achievement of certain levels of annual consolidated income before provision for income tax, excluding any unusual item(s) to the extent that the Company’s Audit Committee determines that it is appropriate for the Company to make a pro forma adjustment for such item(s) in its press release reporting the financial results for Fiscal 2010 (“Pre-Tax Income”). The Minimum shall be $5,000,000 Pre-Tax Income, the Target shall be $10,000,000 Pre-Tax Income and the Maximum shall be $13,000,000 Pre-Tax Income. The Quantitative Bonus payable to Executive shall be calculated, based on actual results reported by the Company in respect of Fiscal 2010, prorated on a straight-line basis between the Minimum and the Target, or the Target and the Maximum, as applicable.
Sample 1
Quantitative Bonus. Subject to the terms and conditions hereof, the Executive will be eligible to receive a bonus based on the amount of operating income earned by the Company in the 2000 fiscal year of the Company (the "Quantitative Bonus"). The Quantitative Bonus with respect to fiscal year 2000 will be computed by adding the sum of (i) one and two tenths (1.2%) per cent of the operating income of the Company for fiscal year 2000 up to a maximum of Two Million ($2,000,000) Dollars of operating income of the Company, plus (ii) one (1%) per cent of the operating income of the Company for fiscal year 2000 which exceeds Two Million ($2,000,000) Dollars. The Quantitative Bonus for fiscal year 2000 will be paid within sixty (60) days after the end of the fiscal year. For fiscal years of the Company after fiscal year 2000, the Board of Directors of the Company in its sole discretion will establish the formula by which any Quantitative Bonus will be earned by the Executive during the remainder of the term of this Agreement. Notwithstanding any other provision contained in this Agreement, the Executive will not be eligible for a Quantitative Bonus unless the Executive is employed by the Company and is not in breach of this Agreement on the date on which any Quantitative Bonus is to be paid. In all events, any issues which may arise between the Company and the Executive with respect to the Quantitative Bonus shall be resolved by the Board of Directors of the Company in its sole discretion.
Sample 1
Quantitative Bonus. The Company shall pay to the Executive a quantitative annual bonus (the "Quantitative Bonus") for each calendar year, other than calendar year 1997, ending during the Employment Term. The amount of the Quantitative Bonus, if any, shall be determined in accordance with the terms set forth on Schedule 1 hereto, and the Quantitative Bonus shall be paid on or before March 31 of the following calendar year.
Sample 1

Related to Quantitative 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.

  • 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 Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • 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.

  • Incentive Bonuses After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

  • 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.

  • 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.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

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