Bonus Eligibility definition

Bonus Eligibility. Payable based on 1999 annual (calendar year) net income of Mortgage Banking Division: Net Income * Bonus Payments --------------------------------------- Under $1,000,000 0 Over $1,000,000 $ 50,000 Over $2,000,000 $125,000 Over $3,000,000 $175,000 Over $4,000,000 $225,000 Over $5,000,000 $275,000 Over $6,000,000 $325,000 If earned, payable after completion of Bank's annual audited financial statements. No bonus is earned or is payable unless you are actively employed as of the bonus payment date. Therefore, should your employment terminate for the reasons of (1) voluntary resignation or (2) for cause, you have not earned any bonus for the calendar year covered by this bonus plan. If the Mortgage Division is sold and as a result of that sale your employment is terminated within 90 days of the date of sale, you will be eligible for a bonus payment pro-rated from January 1, 1999, through the date your employment terminates. Any bonus payment will be pro-rated between net income levels and bonus payment amounts are based on actual net income performance, adjusted as outlined below. Your bonus eligibility may be changed in the future at the discretion of the Bank.

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Bonus Eligibility. You shall be eligible to receive an annual bonus targeted at 100% of salary with a maximum payout of 190% of salary. For 2005, bonus eligibility and payment will be pro-rated, based upon Your start date. If the criteria for attaining bonus are met, the Company plans to make bonus payments to its officers on a quarterly basis as follows: Q1 – 15%; Q2 – 15%; Q3 – 15%; and Q4 – 55% (100% in the aggregate). Bonus payments are presently based on the following criteria: cumulative operating income, comparable store sales growth, and store level transactions. Bonus criteria and amounts are reviewed annually by the Compensation Committee of the Board to ensure bonuses are driving executive performance in an effective manner. All bonus payments shall be subject to all applicable Federal, state and local withholding, payroll and other taxes.

Bonus Eligibility. You will receive a full-year 2024 bonus and full-year 2025 bonus based upon 110% individual factor and actual Yum team factor. These bonuses will be paid to you in the course of the normal bonus cycle, but in any event no later than April 15, 2025 and April 15, 2026, respectively. You will not be entitled to receive a bonus for 2026 or any other bonus. The Company will issue an IRS Form(s) W-2 to you reflecting the above payments.

Examples of Bonus Eligibility in a sentence

Such Prior Year Bonus Eligibility Severance payment, if any, will be paid at the same time as such Annual Bonuses are paid to other executive employees of the Company, less payroll deductions and withholdings.
Accelerator Equity Bonus Eligibility: [$] The performance goals applicable to your accelerator equity bonus opportunity are set forth below.
Your Accelerator Equity Bonus Eligibility amount is set forth below.
In addition, if the Separation from Service date occurs after the close of the Company’s fiscal year but prior to the Company determining and paying the Annual Bonus for that previous fiscal year (if any), you will remain eligible for an Annual Bonus for the previous fiscal year, subject to the terms of this Agreement, with such bonus payment determined by the Board in its discretion consistent with Section 2(b) above (the “Prior Year Bonus Eligibility Severance”).
Equity Bonus Eligibility: [$] The performance goals applicable to your equity bonus opportunity are set forth below.
The Retention Bonus will be paid no later than 60 days after the Retention Bonus Eligibility Date.
Should the Company consummate an Acquisition (as hereinafter defined) on or before any Cash Bonus Eligibility Date, you will not be entitled to receive any further Cash Bonus on any future Cash Bonus Payment Date pursuant to this paragraph 1.
For example, if the Sponsoring Coach has 1200 FQV in the month of August (and sponsors a New Coach during the Sponsoring Period) but the Sponsoring Coach only has 600 FQV in the month of September, while the Sponsoring Coach will not be eligible to receive a Bonus in the month of September, should the Sponsoring Coach have a minimum of 1200 FQV in the month of October, the Sponsoring Coach will again be eligible for a Bonus in that final month of the Bonus Eligibility Period.
The Sponsoring Coach will be eligible to receive bonuses during the Bonus Eligibility Period.
Bonus Eligibility and Payment Schedule Executive must be employed by the Company on the bonus payment date specified to be eligible to receive a bonus.

More Definitions of Bonus Eligibility

Bonus Eligibility. You will be eligible to participate in the Company’s annual cash bonus program for executives with a bonus target of 90% of your annual base salary and up to 180% if all our targets are exceeded. Factors such as whether bonuses are paid, eligibility for bonuses, performance objectives applicable to bonuses, bonus targets, conditions for payment of bonuses, the amount of any bonuses, and when such bonuses are paid, are at the sole discretion of the Board. You will not be eligible to receive any bonus unless you remain employed by Basic through the date on which any such bonus is paid. • Sign-On Bonus: In addition to the base salary, the Company will within 30 days following your start date pay you a one-time signing bonus in cash of $150,000, minus applicable taxes and withholdings, subject to your agreement by signing below to repay the signing bonus back to the Company on a Basic Energy Services ▇▇▇ ▇▇▇▇▇▇ ▇▇. Suite 2100, Unit #21 Ft. Worth, TX 76102 817.334.4100 prorated basis if, within two years of your start date, (1) the Company terminates your employment for cause (as defined in your employment agreement) or (2) you terminate your employment other than for good reason (as defined in your employment agreement). The amount due under this repayment obligation would be payable within 60 days following the date upon which your employment ends. You further authorize the Company to offset any amount you owe under this repayment obligation against any final wages or other amounts the Company owes you.