Regular Annual Bonus Sample Clauses

The Regular Annual Bonus clause defines the terms under which an employee is eligible to receive a recurring yearly bonus as part of their compensation package. Typically, this clause outlines the criteria for bonus eligibility, such as meeting performance targets or remaining employed through a certain date, and may specify how the bonus amount is calculated. Its core function is to incentivize employee performance and retention by providing a clear, predictable reward structure tied to annual achievements.
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Regular Annual Bonus. Following the 2010 fiscal year, during the Employment Period, the Executive shall be paid an annual cash performance bonus (an “Annual Bonus”) under the Company’s annual bonus plan (as in effect from time to time for senior executives) in respect of each fiscal year that ends during the Employment Period, to the extent earned based on performance against performance criteria. The performance criteria for any particular fiscal year shall be determined by the Compensation Committee of the Board (the “Committee”), in good faith, after consultation with the Company’s Chief Executive Officer, no later than sixty (60) days after the commencement of the relevant bonus period. The Executive’s annual bonus opportunity for the 2011 fiscal year shall equal 50% of the Executive’s annualized year-end Base Salary and shall be set by the Committee for each fiscal year thereafter (as applicable for a fiscal year, the “Target Bonus”), if target levels of performance for that year are achieved. The Executive’s Annual Bonus for a bonus period shall be determined by the Committee after the end of the applicable bonus period and shall be paid to the Executive when annual bonuses for that year are paid to other senior executives of the Company generally, but in no event later than March 15 of the year following the year to which such Annual Bonus relates.
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Regular Annual Bonus. For the 2010 fiscal year, the Executive shall be eligible for a cash performance bonus (the “2010 Bonus”) under the Company’s 2010 Management Incentive Plan, subject to achievement of the specified performance targets, with such bonus payable in 2011 within fifteen (15) days following the Company’s filing of its Form 10-K for the 2010 fiscal year. Thereafter, during the Employment Period, the Executive shall be paid an annual cash performance bonus (an “Annual Bonus”) in respect of each fiscal year that ends during the Employment Term, to the extent earned based on performance against objective performance criteria. The performance criteria, which may include individual performance goals to be assessed by the Company’s Chief Executive Officer in consultation with the Board, for any particular calendar year shall be determined in good faith by the Board, after consultation with the Company’s Chief Executive Officer, no later than sixty (60) days after the commencement of the relevant bonus period. Executive’s annual bonus opportunity for a calendar year shall equal 70% of the Executive’s Base Salary at the commencement of the year (and not on the Executive’s annualized year-end Base Salary) (the “Target Bonus”) for that year if target levels of performance for that year are achieved, with greater or lesser amounts (including zero) paid for performance above and below target (such greater and lesser amounts to be determined by a formula established by the Board for that year when it established the targets and performance criteria for that year). The Executive’s Annual Bonus for a bonus period shall be determined by the Board after the end of the applicable bonus period and shall be paid to the Executive when annual bonuses for that year are paid to other senior executives of the Company generally, but in no event later than March 15 of the year following the year to which such Annual Bonus relates. In carrying out its functions under this Section 5(b)(i), the Board shall at all times act reasonably and in good faith.
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Regular Annual Bonus. During the Term of this Agreement, the Executive shall be eligible for an annual cash performance bonus (the “Annual Bonus”) of up to seventy percent (70%) of Base Salary under the Company’s annual bonus plan (as in effect from time to time for senior executives), based upon the Company’s achievement of performance targets established by the Compensation Committee, after consultation with the CEO, no later than 60 days after the commencement of the relevant fiscal year (the “Target Bonus”). These targets will be revised annually within sixty (60) days of the beginning of each fiscal year in consultation with the Executive. The Annual Bonus is discretionary, may be cancelled or revised by the Company at any time, and may be structured as a part of a deferred compensation arrangement. The Executive shall be eligible for a pro rata Annual Bonus for 2013.
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Regular Annual Bonus. (i) The Employee's regular annual bonus shall be determined on a fiscal year basis for the period ending each June 30 of the Term. The bonus calculated as provided in this paragraph (c) shall be payable on or before August 1 of each year during the Term for the preceding year. The Company's Board of Directors may determine that any award under this paragraph (c) shall be payable in cash, or by agreement of Employee and the Company, in Company stock, options for Company stock, or other property. The Employee's bonus as determined under this paragraph (c) shall be hereinafter referred to as the "Regular Annual Bonus." The scale of performance in each case as set forth below shall include financial measures as agreed to by the parties based on a June 30, 2000 actual (not budgeted) baseline, which baseline shall be rebased annually, and compliance measures as agreed to by the parties on the basis of OMS and QMS outcome measures. (ii) Commencing July 1, 2000, the Employee's Regular Annual Bonus shall be the sum of two (2) components. The first component shall be attributable to the performance of the Company's Job Corps Operations, which component shall be equal to two-thirds (2/3) of the Employee's then applicable Base Salary multiplied by a percentage which is a minimum of twenty percent (20%) and a maximum of thirty-five percent (35%) (with the actual percentage to be determined within such range based upon a scale of performance mutually agreed
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Related to Regular Annual Bonus

  • 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 Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • 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);

  • 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 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.