Stock Price Bonus Sample Clauses

Stock Price Bonus. If, during the Term the volume-weighted average of the median (between the high and low of each trading day) daily Company stock price is not less than US$13.00 per share for a period of six (6) consecutive months then Lions Gate shall pay Bxxxx a one time bonus (in addition to any Base Salary, Discretionary Bonus, Restricted Stock Units (as defined below), Options (as defined below) or Benefits (as defined below) payable pursuant to this Agreement) in the sum of US$600,000 (the “Stock Price Bonus ”) within five (5) business days following the satisfaction of the preceding condition. In addition, if during the Term the volume-weighted average of the median (between the high and low of each trading day) daily Company stock price is not less than US$16.00 per share for a period of six (6) consecutive months then Lions Gate shall pay Bxxxx a one time additional Stock Price Bonus of US$600,000 within five (5) business days following the satisfaction of the preceding condition. In addition, if during the Term the volume-weighted average of the median (between the high and low of each trading day) daily Company stock price is not less than US$19.00 per share for a period of six (6) consecutive months then Lions Gate shall pay Bxxxx a one time additional Stock Price Bonus of US$600,000 within five (5) business days following the satisfaction of the preceding condition. For the avoidance of doubt, Bxxxx shall not be entitled to receive the Stock Price Bonus at any specified target more than one time during the Term and the maximum aggregate bonus that could be payable to Bxxxx under any scenario during the Term pursuant to this Paragraph 5 is US$1,800,000; provided further that a single rise in stock price can trigger all three Stock Price Bonuses. Notwithstanding the foregoing, if on or before the time the Stock Price Bonus becomes payable an applicable bank has declared Lions Gate to be in material default of any of its bank covenants, and such default is directly attributable to Bxxxx’ negligent disregard of any such covenants (of which he has received notice) or his negligent supervision of any of his direct reports, Bxxxx shall not be entitled to the Stock Price Bonus; provided, however, the foregoing shall be subject to binding arbitration as set forth in Paragraph 18(f) should Bxxxx dispute Lions Gate’s position with respect thereto.
Sample 1See All (4)
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Stock Price Bonus. The Company’s CEO may (pursuant to a stand-alone bonus or the Company’s bonus plan) provide for a discretionary cash bonus that would be fashioned as a percentage of Base Salary and be capped at the percentage rise in the Company’s stock price over the corresponding period.
Sample 1
Stock Price Bonus. The Executive shall be paid bonus compensation (the "Stock Price Bonus") in addition to his Base Salary, based on an increase, if any, in the average bid price for the Company's Common Stock, $0.02 par value per share (the "Common Stock"), as quoted on the NASD's Electronic Bulletin Board, or such other exchange as the case may be, for all of the trading days in the month of October in each applicable fiscal year (the "Average Price") as follows:
Sample 1
Stock Price Bonus. If, during the Term (which includes for this purpose the Term as defined herein plus three (3) months thereafter), the volume-weighted average of the median (between the high and low of each trading day) daily Company stock price is not less than US$6.00 per share for a period of six (6) consecutive months then Lions Gate shall pay Feltheimer a bonus (in addition to any Base Salary, Discretionary Bonus, Options (as defined below) or Benefits (as defined below) payable pursuant to this Agreement) in the sum of US$ 1,000,000 (the "Stock Price Bonus") within five (5) business days following the satisfaction of the preceding condition. Notwithstanding the foregoing, if on or before the time the Stock Price Bonus becomes payable an applicable bank has declared Lions Gate to be in material default of any of its bank covenants, and such default is directly attributable to Feltheimer's negligent disregard of any such covenants (of which he has received notice) or his negligent supervision of any of his direct reports, Feltheimer shall not be entitled to the Stock Price Bonus; provided, however, the foregoing shall be subject to mandatory binding arbitration as set forth in subparagraph 19(f) below should Feltheimer dispute Lions Gate's position with respect thereto.
Sample 1
Stock Price Bonus. If, during the Term, the Average Stock Price of Lions Gate's common shares during a period of six (6) consecutive months is not less than US$17.00 per share, then Lions Gate shall pay Xxxxx a one-time bonus (in addition to any other compensation payable pursuant to this Agreement) in the amount of US$700,000 (the “Stock Price Bonus”). In addition, if during the Term the Average Stock Price of Lions Gate's common shares during a period of six (6) consecutive months is not less than US$20.00 per share, then Lions Gate shall pay Xxxxx a one-time additional Stock Price Bonus of US$700,000. In addition, if during the Term the Average Stock Price of Lions Gate's common shares during a period of six (6) consecutive months is not less than US$23.00 per share, then Lions Gate shall pay Xxxxx a one-time additional Stock Price Bonus of US$700,000. The stock price targets set forth above in this paragraph shall be subject to reasonable adjustments by the Compensation Committee for stock splits, stock dividends and similar events affecting the per-share value of Lions Gate common shares. For purposes of the Stock Price Bonus, the “Average Stock Price” for a particular period will be the volume-weighted average of the Daily Stock Prices for each trading day during such period, and the “Daily Stock Price” for any particular trading day will be the average of the high and low trading prices for a Lions Gate common share on such day. The Compensation Committee shall determine whether a stock price target has been achieved for purposes of the Stock Price Bonus (the date of such determination, the “Stock Price Bonus Determination Date”). Any Stock Price Bonus, if earned, will be paid in the form of an option to acquire Lions Gate common shares, an award of Lions Gate common shares, or a combination thereof as determined by the Compensation Committee in its sole discretion (with the number of shares subject to any such option or award to be determined in the same manner as described in Section 4(d) above for Discretionary Bonuses payable in the form of equity awards). Any such option or shares awarded to Xxxxx pursuant to this Section 5 shall be fully vested on the Stock Price Bonus Determination Date, and the per share exercise price of any such option shall be equal to the closing price of a Lions Gate common share on the Stock Price Bonus Determination Date. Any such option shall be evidenced by and subject to the terms of an option agreement in the form generally then use...
Sample 1
Stock Price Bonus. If, during the Term (which includes for this purpose the Term as defined herein plus three (3) months thereafter), the volume-weighted average of the median (between the high and low of each trading day) daily Company stock price is not less than US$6.00 per share for a period of six consecutive months the Company shall pay Feltheimer a bonus (in addition to any Base Salary, Discretionary Bonus, Option (as defined below) or Benefits (as defined below) payable pursuant to this Agreement) of US$1,000,000 (the "Stock Price Bonus") within five (5) business days following the satisfaction of the preceding condition. Notwithstanding the foregoing, if on or before the time the Stock Price Bonus becomes payable an applicable bank has declared Company to be in material default of any of its bank covenants, and such default is directly attributable to Feltheimer's negligent disregard of any such covenants (of which he has received notice) or his negligent supervision of any of his direct reports, Feltheimer shall not be entitled to the Stock Price Bonus; provided, however, the foregoing shall be subject to binding arbitration as set forth in subparagraph 19(a) below should Feltheimer dispute the Company's position with respect thereto.
Sample 1
Stock Price Bonus. In the event that the Company determines that it has achieved the Stock Price Target (as defined above), then the Company shall pay Executive an annual amount for 2019 equal to $15,000 (prorated for partial years during which Executive has served as an employee of, or consultant to, the Company) (“Stock Price Bonus”) in 2020; provided that the Executive must be an employee in good standing with the Company on the date the Stock Price Bonus is otherwise due to be paid in order to receive it.
Sample 1
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Stock Price Bonus. The Executive shall be paid bonus compensation (the "Stock Price Bonus") in addition to his Base Salary, based on an increase, if any, in the average price for the Company's Common Stock, $0.02 par value per share (the "Common Stock"), as quoted on the NASD's Electronic Bulletin Board, or such other exchange as the case may be, for all of the trading days in the month of September and October in each applicable fiscal year (the "Average Price") from the Base Price of the Common Stock. The Base Price for the year ending October 31, 2000 will be equal to the average bid price per share of the Common Stock for the three months immediately preceding and immediately following the effective date hereof and such Base Price will increase each year by thirty percent (30%) over the prior year Base Price. For each year ending October 31, Executive shall be paid a bonus which shall be equal to 10% of Executive's actual Base Salary for such applicable fiscal year (for purposes of this Section 3.2.2 such portion of the applicable Base Salary shall hereinafter be referred to as the "Stock Bonus Payment") for each $0.20 increase in the Average Price over the Base Price for that same year; provided, that in the event the Average Price exceeds the Base Price plus $0.20, the Executive shall receive a payment equal to a pro rata portion of the Stock Bonus Payment for any additional increase which is less than $0.20. However, in no event shall the Stock Bonus Payment in any year exceed 100% of Executive's Base Salary in that year.
Sample 1
Stock Price Bonus. If, during the Term the volume-weighted average of the median (between the high and low of each trading day) daily Company stock price is not less than US$6.00 per share for a period of six (6) consecutive months then Lions Gate shall pay Burns a bonus (in addition to any Base Salary, Discretionary Bonus, Oxxxxxs (as defined below) or Benefits (as defined below) payable pursuant to this Agreement) in the sum of US$500,000 (the "Stock Price Bonus") within five (5) business days following the satisfaction of the preceding condition. Notwithstanding the foregoing, if on or before the time the Stock Price Bonus becomes payable an applicable bank has declared Lions Gate to be in material default of any of its bank covenants, and such default is directly attributable to Burns' negligent disregard of any such covenants (of which he has recxxxxx notice) or his negligent supervision of any of his direct reports, Burns shall not be entitled to the Stock Price Bonus; provided, howevxx, xhe foregoing shall be subject to binding arbitration as set forth in Paragraph 17(f) should Burns dispute Lions Gate's position with respect thereto.
Sample 1

Related to Stock Price Bonus

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • 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); and

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

  • 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 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.

  • Change in Control Bonus “Change in Control Bonus” has the meaning set forth in Section 5a(iii)(1).

  • Annual Cash Incentive Executive shall be eligible to participate in the Company’s management cash incentive plan and any successor annual cash plans. Executive shall have the opportunity to earn an annual target cash incentive, measured against performance criteria to be determined by the Company’s Board (or a committee thereof) having a target value of not less than 70% of Base Salary.

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