Yearly Bonus Sample Clauses

Yearly Bonus. Annually the Committee shall provide a bonus plan to the Employee. Compensation under the bonus plan, attached hereto on Schedule A, shall be contingent upon the Company meeting certain milestones related to revenues, earnings or other important Company objectives.
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Yearly Bonus. Each calendar year during the Employment Period, the Executive shall be eligible to receive a performance-based cash bonus as determined by the Board in good faith (the “Annual Bonus”) and estimated to be equivalent to fifty percent (50%) of the Executive’s Annual Salary. The amount, if any, of such Annual Bonus for each such calendar year shall be determined based upon the Company’s attainment of reasonable performance goals approved by the Board in its sole discretion. Each such Annual Bonus shall be payable in a lump sum cash amount during the calendar year following the year for which such Annual Bonus is earned.
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Yearly Bonus. Executive shall be eligible for an annual target bonus of not less than $60,000 in each calendar year (the “Yearly Bonus”). The Yearly Bonus shall be less statutory deductions and withholdings and payable at the times when other senior management bonuses are paid. The Yearly Bonus shall be based on Executive’s achievement, as determined annually in the sole discretion of the Board of Directors and shall be pro-rated for partial achievement, of mutually agreed performance targets identified in writing by Executive and the Board of Directors. The Board of Directors shall review annually the Yearly Bonus amount and make adjustments thereto; provided, however, that the Yearly Bonus shall not be less than $60,000.
Sample 1
Yearly Bonus. The Company agrees to pay the Employee a yearly bonus based on Eyeblaster Inc.’s annual pretax earnings at each calendar year as stated in the unified audited financial statements, as follows:
Sample 1
Yearly Bonus. The Employee shall be eligible to receive a yearly bonus based upon the achievement of certain performance goals determined by Parent's board of directors. The Employee's target bonus opportunity shall be $30,000 for 2011. In any event of termination of employment (except in the case of termination for Cause, as defined below), the Employee shall be entitled to receive a pro rata portion of the bonus on the basis of the portion of the year the Employee was employed. For the avoidance of doubt, as a conditional payment, the bonus shall not constitute a salary component for any purpose, including for the purpose of calculating any severance payment to which the Employee may be entitled according to any law or agreement nor shall it be subject to any fringe benefits and/or social contributions of any kind.
Sample 1
Yearly Bonus. Section 2. 150,000 Canadian Special Quarterly bonuses may be initiated from time to time Up to 50% of base salary General Description of Duties: • Supervision of all financial aspects of the combined company • Continued personal involvement in Strategic Relationships • Assist in Strategic acquisitions for the Company • Develop significant Partnerships and Alliances in Gov’t and Commercial accounts • Capital market activity for the new VeriChip Corporation • Other assigned tasks as necessary •
Sample 1
Yearly Bonus. Upon the Execution hereof, the Employee shall be granted the following options:
Sample 1
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Yearly Bonus. Employee shall be entitled to payment of a 13th salary, to be paid on the salary of October of each year (paid in November of each year), at an amount equal to the Base Salary wage on the date of payment.
Sample 1
Yearly Bonus. For each fiscal year in which the Corporation ships New Jukeboxes in excess of the Annual Target, the Executive is entitled to an annual bonus of up to $15,000.00. The annual bonus shall be calculated on a pro-rata basis on New Jukeboxes shipped in excess of the Annual Target with the maximum $15,000.00 Annual Bonus earned when 120% of the Annual Target is achieved. For the 2002 fiscal year, the Annual Target is set at 1,500 New Jukeboxes.
Sample 1

Related to Yearly Bonus

  • Quarterly Bonus The Employee shall be eligible to be paid a quarterly bonus earned in accordance with the terms set forth on Exhibit 3.2.

  • Salary; Bonus Executive will receive a salary during the Term of One Hundred and Seventy Thousand ($170,000) per year (“Base Compensation”), pro-rated for partial years, payable at regular intervals in accordance with the Company’s normal payroll practices in effect from time to time. Executive’s Base Compensation will be reviewed annually by the Company’s Board of Directors and Executive will be eligible for consideration for merit-based increases to Base Compensation as determined by the Board of Directors in its sole discretion. In addition to eligibility for consideration of merit-based increases in the discretion of the Board of Directors, Executive’s Base Compensation will be increased effective January 1 of each year during the Term (commencing with January 1, 2017) by three percent (3%) to reflect anticipated increases in cost of living.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

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