Examples of Management Bonus in a sentence
The amount of such Management Bonus Pool shall be equal to a percentage of the operating income of the Company or such other method as is agreed upon by the Independent Managers.
With respect to each calendar year during the Term, Executive shall be entitled to receive a bonus pursuant to the terms of the then current Xxxxxxx Network Executive Management Bonus Plan (“Management Bonus”) and such other incentive compensation as Executive may be eligible to receive under benefit plans maintained by the Company from time to time.
Except as explicitly set forth herein, all bonuses, including the Management Bonus and Fee/SOB Bonus, are discretionary and are not earned until approved by the Compensation Committee and/or Board of Directors of the Company.
In the event that this Agreement is terminated due to death of Executive, Employer shall pay in one lump sum to Executive’s estate the amount of Base Compensation due to Executive through the end of the month in which such death occurs, as well as any awarded but unpaid Management Bonus and/or Performance Bonus.
Executive shall continue to be eligible to receive an annual cash incentive bonus under the Company’s Senior Management Bonus Plan, as may be implemented and modified from time to time by the Company.