Semi-Annual Bonus. Director shall be entitled to receive a semi-annual bonus of $5,000 payable in cash in arrears on the first day of the seventh month and the last day of the twelfth month of each year of Director’s term of election. This semi-annual bonus shall be reviewed annually by the Board and set by the Board.
Semi-Annual Bonus. For any consecutive six-month period, commencing with the six-month period beginning on July 1, 2007 and ending on December 31, 2007, in which Employee is serving as Chief Insurance Operating Officer of E&B and in which the actual EBITA of E&B (as defined and determined in accordance with E&B’s customary practices) is at least 90% of the pre-determined budgeted amount for the applicable six-month period, Employee shall be entitled to receive a cash bonus expressed as a percentage of actual EBITA for such six-month period. For total actual EBITA equal to 90% or more, but less than 99%, of the pre-determined amount budgeted for the applicable six-month period, Employee shall receive a cash bonus of 1% of actual EBITA for such six-month period, and for total actual EBITA equal to 100% or more of the pre-determined amount budgeted for the applicable six-month period, Employee shall receive a cash bonus equal to the sum of (i) 1% of the actual amount of EBITA budgeted for such six-month period plus (ii) 10% of the amount by which actual EBITA for such six-month period exceeds the amount budgeted for such six-month period. Any bonus payable under this Section 4(b) shall be paid within 60 days of the end of the applicable six-month period. An example of the manner of calculation of the quarterly bonus in accordance with this Section 4(b) is attached as Exhibit A hereto.
Semi-Annual Bonus. (a) For each complete semi-annual period (ending August and February) of the Contract Term, the Executive shall have the opportunity to earn a semi-annual bonus (the "Semi-Annual Bonus") equal to 75% of the total consulting fee earned during the same period (the "Target Bonus"), based on achievement of semi-annual target performance goals established by the Board; provided that, if the Executive achieves performance goals superior to those established by the Board, then the Executive shall be eligible to receive additional bonuses up to a total of 150% of the Target Bonus.
(b) The Semi-Annual Bonus, if any, will be paid within 30 days after the end of the applicable period.
Semi-Annual Bonus. In addition to the Base Salary, you may receive a discretionary semi-annual bonus (the "Semi-Annual Bonus") for each six-month period that you are employed in an amount up to $62,500, with the actual amount to be determined by the Board of Directors, in its sole discretion. The Semi-Annual Bonus, if any, shall be payable not later than 90 days after the end of each six-month period during the applicable calendar year.
Semi-Annual Bonus. The Employee shall be eligible to be paid a semi-annual bonus earned in accordance with the terms set forth on Exhibit 3.2.
Semi-Annual Bonus. The Company will pay Employee a semi-annual bonus up to [•] for each Semi-Annual Period. This amount will be paid based upon whether key performance indicators are achieved, and will be paid in the Semi-Annual Period after the Semi-Annual Period in which the key performance indicators are achieved. Key performance indicators and bonus payment amounts will be set by the Company no later than 90 days after the beginning of each Semi-Annual Period. For the purposes of the Agreement, “Semi-Annual Period” means each six calendar month period beginning on January 1 or July 1.
