Common use of Target Bonus and Bonus Clause in Contracts

Target Bonus and Bonus. Executive’s Target Bonus shall be one million two hundred thousand dollars ($1,200,000) 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 $1,200,000, 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 200% of the Target Bonus (or such upper percentage limit as otherwise established in writing by the Committee), contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Eligibility for the Bonus is further subject to the requirements of paragraph G, below.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

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Target Bonus and Bonus. Executive’s Target Bonus shall be two million one million two hundred twenty five thousand dollars ($1,200,0002,125,000) 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 $1,200,0002,125,000, 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 200% of the Target Bonus (or such upper percentage limit as otherwise established in writing by the Committee), contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Eligibility for the Bonus is further subject to the requirements of paragraph G, below.D.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Target Bonus and Bonus. Executive’s Target Bonus shall be one million two hundred thousand dollars ($1,200,000200,000) for the Performance Period beginning January 1, 20212017. For future Performance Periods during Executive’s employment under this Agreement, the Executive’s Target Bonus will remain at $1,200,000200,000, 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 200133% of the Target Bonus (or such upper percentage limit as otherwise established in writing by the Committee), contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Eligibility for Notwithstanding the foregoing, the Bonus is further subject payable to the requirements of paragraph G, belowExecutive shall not exceed the maximum bonus that could be payable under the Incentive Plan.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Target Bonus and Bonus. Executive’s Target Bonus shall be one million two five hundred and twenty-five thousand dollars ($1,200,000525,000) for the Performance Period beginning January 1, 20212017. For future Performance Periods during Executive’s employment under this Agreement, the Executive’s Target Bonus will remain at $1,200,000525,000, 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 200% of the Target Bonus (or such upper percentage limit as otherwise established in writing by the Committee)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. Eligibility for Notwithstanding the foregoing, the Bonus is further subject payable to the requirements of paragraph G, belowExecutive shall not exceed the maximum bonus that could be payable under the Incentive Plan.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Target Bonus and Bonus. Executive’s Target Bonus shall be one million two eight hundred forty three thousand seven hundred fifty dollars ($1,200,000843,750) 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 $1,200,000843,750, 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 200% of the Target Bonus (or such upper percentage limit as otherwise established in writing by the Committee), contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Eligibility for the Bonus is further subject to the requirements of paragraph G, below.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 one million two one hundred thousand dollars ($1,200,0001,100,000) for the Performance Period beginning January 1, 20212017. For future Performance Periods during Executive’s employment under this Agreement, the Executive’s Target Bonus will remain at $1,200,0001,100,000, 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 200150% of the Target Bonus (or such upper percentage limit as otherwise established in writing by the Committee), contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Eligibility for Notwithstanding the foregoing, the Bonus is further subject payable to the requirements of paragraph G, belowExecutive shall not exceed the maximum bonus that could be payable under the Incentive Plan.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Target Bonus and Bonus. Executive’s Target Bonus shall be one million two three hundred thousand dollars ($1,200,000300,000) 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 $1,200,000300,000, 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 200% of the Target Bonus (or such upper percentage limit as otherwise established in writing by the Committee), contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Eligibility for the Bonus is further subject to the requirements of paragraph G, below.D.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

Target Bonus and Bonus. Executive’s Target Bonus shall be one million two hundred thousand dollars ($1,200,000) 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 $1,200,000, 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 200% of the Target Bonus (or such upper percentage limit as otherwise established in writing by the Committee), contingent upon the achievement of one or more performance goals established by the Committee for such Performance Period, as set forth in paragraph D. Eligibility for the Bonus is further subject to the requirements of paragraph G, below.D.

Appears in 1 contract

Samples: Employment Agreement (Meritage Homes CORP)

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