Subsequent Bonuses Sample Clauses

Subsequent Bonuses. Irrespective of any other bonus payment payable to the Employee pursuant to this Agreement, the Compensation Committee (or in the absence of a compensation committee, the Board committee performing equivalent functions or the entire Board of Directors of the Company) shall evaluate the Employee's performance at the end of each fiscal year commencing with the Company's fiscal year ending December 31, 1998 and determine whether the Employee's performance merits payment of a performance bonus to the Employee. The performance bonus is wholly discretionary.
Sample 1Sample 2Sample 3
Subsequent Bonuses. For each fiscal year after fiscal year 2000, if the Company achieves the performance goals that determine the eligibility of Company management for maximum bonus awards, Employee shall be eligible for a cash bonus award in the range between 75% and 100% of the Employee’s base salary at the end of that fiscal year, which amount shall be determined by the Board of Directors in its discretion as a function of Employee’s involvement in the Company’s affairs during that fiscal year. In the event that the Company fails to achieve the performance goals corresponding to maximum eligibility, Employee shall receive that proportion of the maximum cash bonus which is equivalent to the same proportion of the respective maximum cash bonuses generally achieved by the rest of the senior managem ent team for that year.
Sample 1
Subsequent Bonuses. For each one year period after July 1, 2001, Executive shall be eligible to earn an annual discretionary incentive bonus equal to at least 100% of his Base Salary ("Target Bonus"). The Target Bonus shall be earned based on achievement of objectives to be identified by the Board of Directors. The Board will set objectives, after consultation with Executive, within sixty days of the start of each twelve-month period. Target Bonuses payable under this Subsection 3(c) shall be payable in accordance with the Company's normal practices and policies no later than 30 days after the end of each annual period.
Sample 1
Subsequent Bonuses. The annual bonus potential, and the bonus ------------------ criteria, for years subsequent to 1998 shall be determined by mutual agreement of the Executive and the Board.
Sample 1
Subsequent Bonuses. For each year after fiscal year 1998, Employee shall be eligible for cash bonus awards in the discretion of the Company's Board of Directors; however, the parties anticipate that such
Sample 1

Related to Subsequent Bonuses

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

  • Incentive Bonuses Executive shall be entitled to participate in such incentive bonus programs as the Board of Directors may adopt from time to time for members of senior management of the Company (“Incentive Bonus”).

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • 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.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌ (a) Retire at age sixty-five (65) years; or (b) Retire after age sixty-five (65) years; or (c) Have completed at least ten (10) years continuous employment and retire after age fifty-five (55) years but before age sixty-five (65) years; (d) Employees who have completed at least ten (10) years continuous service with the Employer, whose age plus years of that service equal eighty (80); shall be granted retirement bonus on the basis of four (4) days per year of employment.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Discretionary Bonuses The Employee shall participate in an equitable manner with all other senior management employees of the Bank in discretionary bonuses that the Board may award from time to time to the Bank’s senior management employees. No other compensation provided for in this Agreement shall be deemed a substitute for the Employee’s right to participate in such discretionary bonuses.

  • 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.