VARIABLE BONUS. The variable bonus shall be determined on a yearly basis. The quantum will be based on the performance of the Hospital, the Singapore economy and the staff and determined in consultation with the Union.
VARIABLE BONUS. The variable bonus which includes the Performance Bonus (PB) shall be determined on a yearly basis. The quantum will be based on the performance of the NUH, the Singapore economy, the staff and in consultation with the Union.
VARIABLE BONUS. (1) The Company and the Union shall negotiate on the variable bonus yearly. The variable bonus shall be payable each year, subject to the Company's performance. The payment shall be made as a one-off lump sum payment and shall be payable on the third quarter of the calendar year just after the end of each financial year.
VARIABLE BONUS. Employee shall be eligible to earn a bonus of up to 100% of his base salary upon the achievement of pre-established performance targets set by the Board which will have the following components: (i) growth in revenue of Ameri and its subsidiaries on a consolidated basis, (ii) quality of such revenue, (iii) gross margin improvement from the December 2018 base line of Ameri and its subsidiaries on a consolidated basis, and (iv) adjusted EBITDA improvement of Ameri and its subsidiaries on a consolidated basis both in aggregate amount and percentage as compared to prior time-equivalent periods. The Board holds the right to make any changes to the bonus criteria, including whether bonuses will be paid, at their discretion. The final amount will be as per the discretion of the Board. The amount will be payable on an annual basis within 45 days after Ameri’s filing of its annual financial statements with the Securities and Exchange Commission. Upon the occurrence of a Change in Control (as such term is defined in Ameri’s 2015 Equity Incentive Award Plan) resulting in the termination of Employee’s employment with the Company within six months of such Change of Control (other than for Cause, as defined below), or in the event of the termination of your employment due to your death or Disability (as defined below), Employee shall be entitled to receive such portion of any accrued bonus that is equal to the proportion of the applicable bonus period for which Employee was employed by the Company. The payout of any bonus compensation will be subject to all withholdings and deductions in accordance with the Company’s normal payroll procedures.
VARIABLE BONUS. (1) A variable bonus shall be paid to employees on a yearly basis subject to the Company's profitability and viability. The payment of variable bonus shall be made in accordance with individual performance.
VARIABLE BONUS. (1) The Company shall consult the Union on the variable bonus of each financial year in January of the following year.
VARIABLE BONUS. (i) The Company and the Union shall negotiate annually on the percentage of variable bonus payable to eligible employees covered by this Agreement. Such negotiation shall commence in April of each year.
VARIABLE BONUS. 5.1 For the calendar year 2015, the Employee may be entitled to a pay-out under the Executive Management Bonus Plan in accordance with the relevant plan rules in relation to the quarter ending 31 March 2015. The relevant pay-out, if any, will take place in accordance with the regular salary payments and after withholding of the applicable taxes and social security premiums.
VARIABLE BONUS. Every employee shall continue to receive variable bonus as provided for this Agreement.
VARIABLE BONUS. Starting on January 1, 2019, Employee shall be eligible to earn a bonus of up to 25% of his Base Salary upon the achievement of pre-established performance targets set by the Compensation Committee of the Company’s Board of Directors (“Compensation Committee”). The Compensation Committee holds the right to make any changes to the bonus criteria, including whether bonuses will be paid, at their discretion. The final amount will be as per the discretion of the Compensation Committee. The amount will be payable on an annual basis within 45 days after Ameri’s filing of its annual financial statements with the Securities and Exchange Commission, so long as Employee is still employed by the Company at that time.
