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 variable bonus shall be determined on a yearly basis. The quantum will be based on the performance of the Institution, the Singapore economy and the staff and determined in consultation with the Union.
(2) Staff who have not served the full Qualifying Period applicable to the variable bonus shall have their bonus pro-rated based on the number of calendar days of service rendered during the Qualifying Period.
(3) Staff on part-time employment shall also have their variable bonus pro-rated based on part-time working hours rendered during the Qualifying Period.
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.
(2) Confirmed employees who have less than one year's service in the Company shall be entitled to a pro-rated variable bonus.
(3) Staff who tendered their resignation before the payment of variable bonus may not be entitled to such payment.
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. The variable bonus shall be negotiated annually with the Union and may vary from year to year subject to economic performance, individual performance and the organisation’s affordability to pay.
VARIABLE BONUS. The Company and the Union shall meet in the month of April in each year to discuss whether an annual bonus shall be paid for the previous year, and if so, the quantum of variable bonus shall be negotiated by the parties. In deciding whether to pay an annual bonus in respect of any year, the Company and Union may take into account the Company’s fiscal performance in that year and the Company’s projected plans (whether for business expansion or otherwise) for the succeeding year and the prevailing market conditions. The amount of annual bonus awarded to an individual employee shall depend on the individual performance of the employee as assessed by the Company. Only confirmed employees of the Company shall be entitled to be paid annual bonus, and no bonus shall be paid to any employee who has ceased to be employed by the Company on the date the Company pays bonuses to its employees.
VARIABLE BONUS. Every employee shall continue to receive variable bonus as provided for this Agreement.
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.
5.2 The Employee is not entitled to any (further) payment under the Executive Management Bonus Plan for the period after 31 March 2015 or any preceding calendar year.
VARIABLE BONUS. 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.
