Year Bonus Sample Clauses
The Year Bonus clause establishes the terms under which an employee is eligible to receive an additional payment based on their performance or the company's results over a one-year period. Typically, this clause outlines the criteria for earning the bonus, such as meeting specific targets or remaining employed through the end of the year, and may detail the calculation method or timing of payment. Its core practical function is to incentivize employees to contribute to the company's success throughout the year and to clarify the conditions under which bonuses are awarded, thereby reducing misunderstandings or disputes.
Year Bonus. As determined by the Employer’s Board of Directors and payable within 30 days after the Employer’s receipt of its audited financial statements; and
Year Bonus. Notwithstanding Section 5.1, the bonus for the Executive’s first year of employment shall be calculated starting on the effective date (as defined thereunder) of the consulting services agreement entered into between the Executive and the Corporation, (the “Consulting Services Agreement”) (such Consulting Services Agreement is now terminated).
Year Bonus. RNs who achieve thirty (30) years of continuous RN service with MFH shall receive a one (1) time lump sum bonus of one thousand dollars ($1,000) subject to applicable withholdings. RNs who are at or above that level of service as of the date of ratification shall receive the bonus in the first full pay period following ratification. RNs who achieve thirty (30) years of continuous RN service with MFH on or after the date of ratification, but prior to December 1 in every year of this Agreement shall be paid this one (1) time bonus in the first full pay period following December 1 in that year.
Year Bonus. During the remainder of the 2004 calendar year of the Amended and Restated Executive Employment Agreement (the "Agreement"), Executive, so long as Executive remains employed by the Company, shall be paid a bonus in the aggregate amount of $75,000 in two installments, on the following dates:
(a) $50,000 to be paid in July 2004; and
(b) $25,000 to be paid in October 2004.