Target Bonus Amount Sample Clauses
The Target Bonus Amount clause defines the specific bonus amount or percentage an employee is eligible to earn, typically as part of an incentive or performance-based compensation plan. This clause outlines the criteria for calculating the bonus, such as meeting certain performance goals or company targets, and may specify whether the bonus is paid annually, quarterly, or at another interval. Its core practical function is to provide clear expectations regarding bonus compensation, thereby motivating performance and reducing ambiguity about potential earnings.
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Target Bonus Amount. Executive shall also receive an amount equal to the Target Bonus Amount, payable in a lump sum within sixty (60) days following the termination date and subject to required payroll deductions and tax withholdings; provided, however that, if the period for satisfaction of the Release Requirement (as defined below) begins in one taxable year and ends in another taxable year, payment shall not be made until the beginning of the second taxable year. For purposes of calculating the Target Bonus Amount, Executive’s final Base Salary will be calculated prior to giving effect to any reduction in Base Salary that would give rise to Executive’s right to resign for Good Reason.
Target Bonus Amount. “Target Bonus Amount” means with respect to the Employee for the fiscal year during which the Employee’s employment terminated [ ]% of the greater of the Employee’s annual base salary (i) at the rate in effect immediately prior to the Termination Date or (ii) at the highest rate in effect at any time during the three (3) year period prior to the Termination Date.
Target Bonus Amount. Executive shall also receive an amount equal to the Target Bonus Amount for the year in which the Separation from Service occurs, pro-rated based on the date of termination (the “Target Bonus Amount”) in such allocation between cash and equity as determined in the sole discretion of the Company. Subject to Section 8 below, any cash portion of the Target Bonus Amount shall be payable in equal installments over the Severance Period on the Company’s regular payroll schedule in effect following Executive’s termination date; provided, however that any equity grants, and/or any such payments that are otherwise scheduled to be made prior to the Release Effective Date, shall instead accrue and be made on the first regular payroll date following the Release Effective Date. For purposes of calculating the Target Bonus Amount, Executive’s final Base Salary will be calculated prior to giving effect to any reduction in Base Salary that would give rise to Executive’s right to resign for Good Reason.
Target Bonus Amount. Executive shall also receive an amount equal to the Target Bonus Amount, multiplied by one point five (1.5), payable in a lump sum within sixty (60) days following the termination date and subject to required payroll deductions and tax withholdings; provided, however that, if the period for satisfaction of the Release Requirement (as defined below) begins in one taxable year and ends in another taxable year, payment shall not be made until the beginning of the second taxable year. For purposes of calculating the Target Bonus Amount, Executive’s final Base Salary will be calculated prior to giving effect to any reduction in Base Salary that would give rise to Executive’s right to resign for Good Reason.
Target Bonus Amount. Employee shall also receive an amount equal to seventy-five percent (75%) of the Target Bonus Amount, payable in a lump sum within sixty (60) days following the termination date and subject to required payroll deductions and tax
Target Bonus Amount. Financial target Adjusted EBITDA 1 For each increase with relation to the Adjusted EBITDA* in the year that preceded it according to the audited financial statements of the Company, the Manager shall be entitled to payment at a rate of 5% of the total increase, that shall be paid in cash or by the issue of the ViewBix shares, as decided by the Manager at his discretion. Mergers and acquisitions target (To the extent that there is more than one merger/acquisition transaction a year the calculation shall be aggregate) Completion of merger/acquisition transactions in a specific calendric year, shall entitle to compensation at a rate of 1% of the value of the transaction, that shall be paid in cash or by issue of the shares of ViewBix, as decided by the Manager and at his discretion. Discretionary bonus The Board of Directors shall be entitled to provide to the Manager a discretionary bonus for an amount that will not exceed 3 salaries, according to unquantifiable criteria.
Target Bonus Amount. Your target bonus amount under this award is [•]% of your base salary. This is the amount that you would be paid if the financial performance goals were achieved at the [•] level set by the Committee. The actual payout of the bonus may vary from 0% of the target bonus amount for performance below a threshold to [•]% of the target bonus amount for achieving or exceeding the maximum performance level set by the Committee.
Target Bonus Amount. Executive shall also receive an amount equal to the Target Bonus Amount for the year in which the Separation of Service occurs, pro-rated based on the date of termination, payable in equal installments on the Company’s regular payroll schedule in effect following Executive’s termination date; provided, however that any such payments that are otherwise scheduled to be made prior to the Release Effective Date shall instead accrue and be made on the first regular payroll date following the Release Effective Date. For purposes of calculating the Target Bonus Amount, Executive’s final Base Salary will be calculated prior to giving effect to any reduction in Base Salary that would give rise to Executive’s right to resign for Good Reason.
Target Bonus Amount. Executive shall also receive an amount equal to the Target Bonus Amount, payable in a lump sum within sixty (60) days following the termination date and subject to required payroll deductions and tax withholdings; provided,