Short-Term Bonus. With respect to each fiscal year of the Company ending during the Term (including with respect to the fiscal year that includes the Effective Date), Employee shall be eligible to participate in the Company’s Annual Short-Term Bonus Plan or such other short-term bonus compensation plan established by the Board or a Board committee as in effect from time to time (the “Bonus Plan”). For purposes of the Bonus Plan, Employee’s target annual bonus opportunity shall be equal to forty percent (40%) of the Employee’s annual rate of Base Salary as in effect at the start of the fiscal year of the Company to which the short-term bonus award relates (the “Target Bonus Amount”), with the actual amount and terms and conditions of any such short-term bonus award to be determined by the Compensation Committee consistent with and subject to the terms of the Bonus Plan; provided, however, that, other than with respect to the Target Bonus Amount, the terms of the Bonus Plan applicable to Employee shall be comparable in all material respects to the terms applicable to the Company’s executive officers generally. The bonus, if any, for each fiscal year shall be paid to Employee by no later than the fifteenth (15th) day of the third (3rd) month following the end of such fiscal year, unless the Company or Employee, as applicable, shall elect to defer the receipt of such bonus pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).
Short-Term Bonus. Arrangement(s)
Short-Term Bonus. 2.1 The Executive will be entitled to participate at Level 2 in the NAEPI Short Term Bonus Scheme, as such level of participation and terms of the NAEPI Short Term Bonus Scheme are amended and adjusted from time to time
Short-Term Bonus. Employee shall receive an annualized short-term bonus (“Short-Term Bonus”) of no less than one hundred ninety thousand dollars ($190,000), which shall be payable in cash within forty-five (45) days following the end of the applicable period to which such Short-Term Bonus relates.
Short-Term Bonus. For 2021and beyond, your target bonus opportunity will be 75% of earned compensation in 2021 and annual earned compensation in future years, with a maximum payout opportunity of 150% of annual earned compensation. Actual payments will be determined based on Company results and individual performance against applicable performance metrics Any annual bonus with respect to a particular calendar year will generally be paid within two and a half months following the end of the calendar year.
Short-Term Bonus. During the Employment Term, the Executive shall have the opportunity to earn an annual bonus under the Performance Incentive Plan (or a successor or supplemental annual bonus plan, including, without limitation, any short-term plan referenced in Section 4(f) hereof) (“PIP”), with a target amount not less than 160% of the Executive’s Base Salary, based upon the satisfaction of generally applicable financial criteria (as determined in good faith by the Board or a committee thereof after consultation with the Executive), with a higher or lower amount received for higher or lower achievement (the “PlP Bonus”).
Short-Term Bonus. Executive shall receive a prorated portion of Executive's bonus earned under the Annual Incentive Plan of the Company for the 2002 fiscal year. Executive's bonus shall be prorated at 33.3% reflecting his employment for one-third of the 2002 fiscal year. For purposes of calculating the bonus, the Company will assume a Superior level of performance by the Executive. The bonus payment provided for in this Paragraph 4 shall be in lieu of, not in addition to, all bonuses payable to the Executive and shall be paid to Executive on the same date or dates on which active participants under such Annual Incentive Plan are paid bonuses for the applicable bonus periods. The bonus payment, if any, made by the Company shall be made in cash and shall be reduced by applicable withholding and other customary payroll deductions. Executive shall not be entitled to participate in any annual bonus plan of the Company for any fiscal year ending after the 2002 fiscal year.
Short-Term Bonus. Executive shall receive a pro rata portion (based on the number of months elapsed in the fiscal year in which his Retirement Date occurs) of Executive's bonus earned under the Short-Term (Annual) Bonus Plan of the Company for the fiscal year in which the Retirement Date occurs. For example, if Executive's Retirement Date is December 31, 2001, then Executive shall receive 6/12 of Executive's earned bonus for the fiscal year 2002. For purposes of calculating the bonus in the year in which the Retirement Date occurs, the Company will use Executive's actual financial or other quantitative performance criteria to determine Executive's bonus. With respect to any discretionary, non-quantitative component of the bonus, the Company will assume a superior level of performance by the Executive. The bonus payment provided for in this Paragraph 4 shall be in lieu of, not in addition to, all bonuses payable to the Executive and shall be paid to Executive on the same date or dates on which active participants under such bonus plan are paid bonuses for the applicable bonus periods. The bonus payment, if any, made by the Company shall be reduced by applicable withholding and other customary payroll deductions. Executive shall not be entitled to participate in any annual bonus plan of the Company for any fiscal year ending after the fiscal year in which the Retirement Date occurs.
Short-Term Bonus. Executive shall receive his bonus earned under the Annual Incentive Plan of the Company for the 2003 fiscal year. Executive’s bonus shall be calculated at 150% of Executive’s base salary earned for fiscal 2003. The bonus payment provided for in this Paragraph 4 shall be in lieu of, not in addition to, all bonuses payable to the Executive and shall be paid to Executive on the same date or dates on which active participants under such bonus plan are paid bonuses for the 2003 fiscal year. The bonus payment shall be made in cash and shall be reduced by applicable withholding and other customary payroll deductions. The bonus payment will be subject to the Executive’s country-allocation percentages in force on February 1, 2003. Executive shall not be entitled to participate in any annual bonus plan of the Company for any fiscal year ending after the 2003 fiscal year.
Short-Term Bonus. During the Employment Term, the Executive shall have the opportunity to earn an annual bonus under the Performance Incentive Plan (or a successor or supplemental annual bonus plan, including, without limitation, any short-term plan referenced in Section 4(f) hereof) (“PIP”), with a target amount not less than 160% of the Executive’s Base Salary, based upon the satisfaction of generally applicable financial criteria (as determined in good faith by the Board or a committee thereof after consultation with the Executive), with a higher or lower amount received for higher or lower achievement (the “PlP Bonus”). Unless the Executive shall otherwise elect (in accordance with the requirements of applicable law, including, if applicable, Code Section 409A), any amount payable under this Section 4(a) shall be paid to the Executive hereunder not later than March 15 of the calendar year following the year in respect of which such bonus is payable.
