Common use of Target Bonus and Bonus Clause in Contracts

Target Bonus and Bonus. Executive’s Target Bonus shall be $600,000. Executive’s Bonus that is payable for any Performance Period, if any, shall be an amount ranging from 0% to 200% of the Target Bonus, contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Notwithstanding the foregoing, the Bonus payable to the Executive shall not exceed the maximum bonus that could be payable under the Incentive Plan.

Appears in 3 contracts

Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)

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Target Bonus and Bonus. Executive’s Target Bonus shall be $600,0002,500,000. Executive’s Bonus that is payable for any Performance Period, if any, shall be an amount ranging from 0% to 200% of the Target Bonus, contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Notwithstanding the foregoing, the Bonus payable to the Executive shall not exceed the maximum bonus that could be payable under the Incentive Plan.

Appears in 2 contracts

Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)

Target Bonus and Bonus. Executive’s Target Bonus shall be one million dollars ($600,0001,000,000) for the Performance Period beginning January 1, 2021. For future Performance Periods during Executive’s employment under this Agreement, the Executive’s Target Bonus will remain at $1,000,000, or such greater amount as may be provided in a written notice to the Executive from the Committee. Executive’s Bonus that is payable for any Performance Period, if any, shall be an amount ranging from 0% to 200100% of the Target Bonus, contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Notwithstanding the foregoing, the Bonus payable to the Executive shall not exceed the maximum bonus that could be payable under the Incentive Plan.D.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Target Bonus and Bonus. Executive’s Target Bonus shall be one million dollars ($600,0001,000,000.00) for the Performance Period beginning January 1, 2024. For future Performance Periods during Executive’s employment under this Agreement, the Executive’s Target Bonus will remain at such amount, or such greater amount as may be provided in a written notice to the Executive from the Committee. Executive’s Bonus that is payable for any Performance Period, if any, shall be an amount ranging from 0% to 200100% of the Target Bonus, contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Notwithstanding the foregoing, the Bonus payable to the Executive shall not exceed the maximum bonus that could be payable under the Incentive Plan.D.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

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Target Bonus and Bonus. Executive’s Target Bonus shall be $600,0001,000,000. Executive’s Bonus that is payable for any Performance Period, if any, shall be an amount ranging from 0% to 200% of the Target Bonus, contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. D.1. Notwithstanding the foregoing, the Bonus payable to the Executive shall not exceed the maximum bonus that could be payable under the Incentive Plan.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

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