Subsequent Fiscal Years. The President and Chief Executive Officer of the Parent Company, after consultation with the Chief Executive Officer of the Company, shall establish annually an Annual Incentive Compensation program (similar to the 1999 Program) which shall provide the Executive with a target annual bonus opportunity percentage equal to 45% of his Base Salary and a maximum annual bonus opportunity percentage equal to 200% of his target annual bonus. The Executive shall be eligible to receive a pro-rated bonus determined under the program for the fiscal year in which he terminates employment (based on the number of days from the beginning of the fiscal year through the date of termination, divided by 365), which shall be paid at the time such bonuses are normally payable, based on actual results for the completed fiscal year. The Executive shall be entitled to receive not less than his target Annual Incentive Compensation for all fiscal years of the Company during the Employment Period which end after a future Change in Control (as defined in Section 3.1(B)) of the Company or the Parent Company.
Subsequent Fiscal Years. As provided in Section 2.2.1 of Participant's Employment Agreement, for periods following Corporation's fiscal year ending March 31, 2004, Participant will participate in Corporation's Annual Incentive Compensation Plan.
Subsequent Fiscal Years. Unless otherwise approved by the Agency Board, in Fiscal Year 2018-19 and all subsequent fiscal years, the Compensation amount shall be adjusted as follows:
Subsequent Fiscal Years. It is the intent of the Parties in subsequent fiscal years, until the termination of this Agreement, to continue to provide funding. In that regard, every subsequent year during the term, each Party pledges to use best efforts to obtain and appropriate funds for payment of the Agreed Amount, and deposit same in into the operations account of the Corporation within 30 days after budget approval. In the event any Party fails to budget the Agreed Amount in any subsequent budget year said Party shall inform the other Parties in writing within 10 business days of such failure. The remaining Parties may either continue with the Agreement, without the defaulting Party or terminate the defaulting Party’s rights and obligations under this Agreement and continue administering this Agreement without the defaulting Party.
Subsequent Fiscal Years. The Key Performance Indicators for each of the Fiscal Years following the [first and second/first, second and third] shall be those determined in accordance with Section 12(k) of this Agreement.
Subsequent Fiscal Years. Executive will receive a bonus based on achievement of EBITDA targets (as set by the Board in the annual budgeting process) in all subsequent fiscal years, which bonus metric shall equal 150% of base salary for achievement of budgeted EBITDA target and 200% of base salary for achievement of stretch EBITDA target. EBITDA targets in subsequent fiscal years will be net of all management bonuses.
Subsequent Fiscal Years. Prior to the conclusion of the Initial Period and each Fiscal Year thereafter, [***] and Distributor may mutually establish the Minimum Purchase Requirements for the subsequent Fiscal Year. If by the commencement of any such Fiscal Year the parties have not done so, the Minimum Purchase Requirements for the next Fiscal Year shall be equal to (i) the Minimum Purchase Requirements established for the previous Fiscal Year plus 10 percent or (ii) 80 percent of the purchase price of the Products ordered by Distributor during the previous Fiscal Year, whichever of (i) or (ii) is greater.
Subsequent Fiscal Years. For each subsequent fiscal year during the term of this Agreement, Executive and the Compensation Committee shall establish performance objectives based on a set of performance criteria, to be determined annually by the Compensation Committee in consultation with Executive, and to be similar to those established for the Company's fiscal year ending June 30,
Subsequent Fiscal Years. Beginning in fiscal year 2022 and every year thereafter, the appropriations from the approved E911 Budget shall be paid separately from other distributions in this Agreement by the County to the Sheriff in equal one-twelfth (1/12) installments on the first business day of each month.
Subsequent Fiscal Years. Unless otherwise approved by the Interlocal Board, in Fiscal Year 2018-19 and all subsequent fiscal years, the funding allocation amount shall be adjusted as follows:
