Performance Bonuses definition

Performance Bonuses. The term "Performance Bonuses" means those bonuses to be given to PwCES as set forth in Exhibit 1.

Performance Bonuses has the meaning assigned to that term in Section 9.4 hereof.

Performance Bonuses means the performance bonus earned during a Plan Year, whether or not paid during such Plan Year as such performance bonuses may be determined by the Company.

Examples of Performance Bonuses in a sentence

• The Committee may, from time to time, grant Awards (other than Stock Options, Stock Appreciation Rights, Annual Performance Bonuses or Long Term Performance Awards) to any Employee who the Committee may from time to time select, which Awards consist of, or are denominated in, payable in, valued in whole or in part by reference to, or otherwise related to, Shares.

• Performance Bonuses, if any, shall be paid according to the terms of the bonus plan or program in which Executive participates from time to time.

• Toward these objectives, the Plan provides for the grant of Stock Options, Stock Appreciation Rights, Annual Performance Bonuses, Long Term Performance Awards and other Stock-Based Awards.

• Toward these objectives, the Plan provides for the grant of Options, Restricted Stock Awards, Stock Appreciation Rights (“SARs”), Performance Units and Performance Bonuses to Eligible Employees and the grant of Nonqualified Stock Options, Restricted Stock Awards, SARs and Performance Units to Consultants and Eligible Directors, subject to the conditions set forth in the Plan.

• Such payment, if any, shall be paid as and when Performance Bonuses are paid by the Company for such fiscal year.

More Definitions of Performance Bonuses

Performance Bonuses means the performance bonus earned by a Participant during the Company’s fiscal year, as such performance bonuses may be determined by the Company.

Performance Bonuses. With respect to each fiscal year in which the actual revenues and net income of the Company after taxes (as determined by the Company's public accountants) equal or exceed the actual projected revenue and net income amounts set forth in the budget projections approved by the Board for such fiscal year, the Company shall pay the Executive a bonus (the "Performance Bonus"). The Performance Bonus shall be in an amount equal to (a) 50% of the Base Salary on the last day of such fiscal year plus (b) the product of the Base Salary on the last day of such fiscal year, multiplied by the percentage by which the Company's actual net income for such fiscal year exceeded it projected net income for such fiscal year, if any. Deferral of Performance Bonuses: Notwithstanding anything else contained herein to the contrary, Executive may elect in writing on forms provided by the Company to receive the entire Performance Bonus in the form of restricted stock if Executive makes such election prior to December 31 of the fiscal year to which the Performance Bonus relates.

Performance Bonuses. With respect to each fiscal year in which the actual revenues and net income of the Company after taxes (as determined by the Company's public accountants) equal or exceed the actual projected revenue and net income amounts set forth in the budget projections approved by the Board for such fiscal year, the Company shall pay the Executive a bonus (the "Performance Bonus"). The Performance Bonus shall be in an amount equal to (a) 50% of the Base Salary on the last day of such fiscal year plus (b) the product of the Base Salary on the last day of such fiscal year, multiplied by the percentage by which the Company's actual net income for such fiscal year exceeded it projected net income for such fiscal year, if any.

Performance Bonuses. With respect to each fiscal year in which actual revenues and net income of Orbital Tracking Corp. after taxes (as determined by the Company’s public accountants) equal or exceed the actual projected revenue and net income amounts adopted by the Compensation Committee of the Board of the Company (the “Compensation Committee”) for earning Bonuses, which shall be adopted by the Compensation Committee annually, the Company shall pay the Executive a bonus the (“Performance Bonus”). The Performance Bonus shall be an amount equal to (a) 50% of the base salary on the last day of such fiscal year, plus (b) the product of the base salary in the last day of such fiscal year multiplied by the percentage by which the company’s actual net income for such fiscal year exceeded its projected net income fiscal year, if any. Upon consummation of an equity instrument, resulting in proceeds greater than $1 million, Executive shall be entitled to a lump sum distribution as compensation of 1.5% of the gross proceeds, during the term of the agreement. Should this coincide with a change in control, it will be in addition to the change in control provisions.

Performance Bonuses means those bonuses ----------- ------- to be given to PwCES as set forth in Exhibits 1-F and 2-C.

Performance Bonuses has the meaning set forth in Section 11.06.

Performance Bonuses means the bonuses payable to employees of Group in connection with their employment with the Group in an aggregate amount of £2,254,136 (including any Tax or employer’s or employee National Insurance contributions due in respect of such payments);