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
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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. Employee shall receive as an annual bonus 10% of the Company's consolidated income before taxes.
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. 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. 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
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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 In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Salary; Bonus Executive will receive a salary during the Term of One Hundred and Seventy Thousand ($170,000) per year (“Base Compensation”), pro-rated for partial years, payable at regular intervals in accordance with the Company’s normal payroll practices in effect from time to time. Executive’s Base Compensation will be reviewed annually by the Company’s Board of Directors and Executive will be eligible for consideration for merit-based increases to Base Compensation as determined by the Board of Directors in its sole discretion. In addition to eligibility for consideration of merit-based increases in the discretion of the Board of Directors, Executive’s Base Compensation will be increased effective January 1 of each year during the Term (commencing with January 1, 2017) by three percent (3%) to reflect anticipated increases in cost of living.

  • 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 If the Termination Date is any day other than the last day of the plan year under the CIP, the Company shall pay to Executive an amount equal to a prorated portion of the award that would have been payable to Executive under the CIP for such plan year based on actual performance towards objectives, prorated based on the number of days of the plan year occurring through the Termination Date divided by 365. Any individual performance objectives applicable to Executive for the fiscal year shall be deemed to have been met at a level resulting in payout of 50% of the award amount allocated to such individual objectives. The payment shall be paid to Executive at the same time and in the same manner as CIP awards are paid to other executives of the Company pursuant to the CIP, but not later than 2 1/2 months following the end of the fiscal year in which the Termination Date occurs, provided that Executive has satisfied the conditions set forth in Section 12. Any separation pay that may become payable pursuant to this Section 10(c) is intended to be a short-term deferral not subject to the requirements of Section 409A of the Code.

  • 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 The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • 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.

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