Regular Bonus Sample Clauses

Regular Bonus. Employee shall be eligible for any bonus program or plan that is established by the Company for similarly situated employees. The Company’s Compensation Committee, in its sole discretion, may establish a bonus program or plan for Employee.
Sample 1
Regular Bonus. In addition to the salary set forth in Section 2 above, AVC shall pay Executive a bonus equal to 2.0% of AVC's adjusted operating profit for the respective fiscal year, before acquisition interest expense (but after working capital interest expense), interest income, other income and expenses, amortization expense and income taxes of AVC, and before management fees or general corporate overhead charges (which charges do not reflect actual operating costs of AVC's business) allocated to AVC by The Jordan Company LLC or its affiliates ("EBITA"). Such amount, if any, to which Executive is entitled under this Section 3(a) shall be payable not later than 90 days following the end of each fiscal year of AVC during which this Agreement is in effect and shall be based upon the audited financial statements of AVC for each such fiscal year. Nothwithstanding the foregoing, effective upon a Change of Control (defined below), the bonus shall be reduced from 2.0% of EBITA to
Sample 1Sample 2
Regular Bonus. You will be eligible to receive an annual bonus of up to 200% of your base salary subject to your achievement of performance goals to be mutually determined and your continued full-time employment as President and Chief Executive Officer though the end of each relevant bonus period (typically, a calendar year). The performance goals for the first year will be determined in the first three months following the Effective Date. Your minimum bonus payable immediately following the first anniversary of the Effective Date will be $250,000. No minimum bonus shall be payable with respect to other periods.
Sample 1
Regular Bonus. During the Employment Period (but not the Consulting Period), Employee shall be eligible to participate in the same bonus plans as other executive officers, with potential annual bonuses of up to 42% of the Employee's annual salary paid in such year. For the fiscal year ending December 31, 1997, Employee shall participate in the Executive and Key Manager Compensation Plan attached hereto as Exhibit A, with 50% of Employee's bonus subject to the Corporate Bonus and 50% of Employee's bonus subject to the Divisional Bonus for the Company's managed care division.
Sample 1
Regular Bonus. Employee shall be entitled to receive an annual bonus from a bonus pool to be established by the Company for certain key employees. The amount of the bonus pool as well as Employee's bonus shall be determined on an annual basis by the Board of Directors but it is anticipated that Employee's bonus shall not be less than fifty thousand ($50,000) dollars.
Sample 1
Regular Bonus. For the period from January 1, 2003 to December 31, 2003, the Executive shall be entitled to a bonus at a rate set forth on paragraph (b) of Schedule B attached hereto for such period. In any dispute over this amount, the determination by the independent auditors of Micronetics shall be determinative. For each year thereafter that the Agreement is effective, the Board of Directors or President of the Company agrees to review the Executive's and Company's performance. Based on such review, they or he will develop a new Regular Bonus Plan for the Executive. In establishing the new Regular Bonus Plan, the threshold of the Company's pre-tax profits may be increased, however the new Regular Bonus Plan will be no less than as set forth in this Section 4(b)(i).
Sample 1
Regular Bonus. Employee shall receive as an annual bonus 10% of the Company's consolidated income before taxes.
Sample 1

Related to Regular Bonus

  • Regular Benefits The Executive shall also be entitled to participate in any and all employee benefit plans, medical insurance plans, life insurance plans, disability income plans, retirement plans, bonus incentive plans and other benefit plans from time to time in effect for senior executives of the Employer. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of the Employer and (iii) the discretion of the Board of Directors of the Employer or any administrative or other committee provided for in or contemplated by such plan.

  • 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.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • 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.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Regular Employee Seniority for a regular employee is defined as the length of the employee’s continuous employment (whether full-time or part-time) from the date of commencement of regular employment, plus any seniority accrued, while working as a casual employee of the Employer.

  • Discretionary Bonus The Executive shall be entitled to participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that may be authorized and declared by the Board of Directors to its senior management executives from time to time. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to participate in such discretionary bonuses when and as declared by the Board.

  • Basic Salary For all your services rendered under this Agreement, UO shall pay you a salary at an annual rate of no less than $450,000, or at such higher salary as may be determined by your performance review and the Executive Vice President, Human Resources, Legal & Business Affairs, UPR. Such higher salary shall subsequently be deemed the annual rate, commencing on such date as the Executive Vice President, Human Resources, Legal & Business Affairs, UPR may determine, for purposes of this Agreement.

Most Referenced Clauses

Most Referenced Definitions