Examples of Management Bonus in a sentence
Employee shall not be entitled to participate in any incentive bonus program for non-management level employees during the time the Management Bonus is in effect.
In the event that the Management Bonus is not in effect, in addition to the Base Salary, Employee shall be entitled to such bonus compensation as may be determined from time to time by the Committee, in its sole discretion.
Employee shall receive bonus compensation (“Bonus Compensation”) in accordance with paragraph (i) of this Section 4(b); provided, however, that if at any time the Management Bonus (as hereinafter defined) is not in effect, Employee shall receive bonus compensation in accordance with paragraph (ii) of this Section 4(b).
If the results of operations for the year exceed the net profitability goals of the approved Business Plan, the amount of the Employee’s Management Bonus may be increased in recognition of the degree to which performance exceeded such goals, and the Employee’s contribution to such superior performance results as determined in the sole discretion of the Compensation Committee of the Board (the “Committee”).
If the results of operations for the year fail to achieve such net profitability goals, the amount, if any of the Employee’s Management Bonus shall be within the absolute discretion of the Committee, provided that the Committee shall give reasonable consideration to any intervening or extraordinary events or circumstances that might have given rise to such shortfall.