Annual Cash Bonuses. (i) During the Employment Term, Executive shall be entitled to a cash bonus (the "Bonus") with a target of between 15% and 30% of Executive's annual base salary, in accordance with the terms and provisions of the Company's then existing executive bonus plan (the "Bonus Plan"). The Bonus shall be determined annually at the same time bonuses are determined for similarly situated employees of the Company, in accordance with the Bonus Plan, and shall be payable at the same time and in the same manner as bonuses are paid to other similarly situated employees of the Company.
Annual Cash Bonuses. The Board shall determine the Executive's right to receive incentive compensation in the form of cash bonuses and other awards. No other compensation provided for in this Agreement shall be deemed a substitute for such incentive compensation. Cash bonuses shall be awarded pursuant to the terms of the Company's Annual Cash Bonus Plan.
Annual Cash Bonuses. The Company may establish a formula that is based on corporate performance, and targets calendar year-end cash bonuses that are comparable on a percentage basis to the bonuses given to similarly situated executives at companies of a similar size and classification.
Annual Cash Bonuses. With respect to the annual cash bonus plan for calendar year 2024, all participants shall be entitled to receive an amount equal to 150% of the amount that otherwise would have been payable to each such participant in respect of target performance for calendar year 2024 as made available by Company to Parent in the Company Data Room; provided that, notwithstanding the foregoing, any Non-Continuing Employee shall only be entitled to receive an annual cash bonus for calendar year 2024 equal to 150% of the amount that otherwise would have been payable to each such Non-Continuing Employee in respect of target performance for calendar year 2024, prorated to reflect his or her partial year of service. To the extent the Effective Time occurs on or prior to September 30, 2024, such amount shall be paid by Parent or its applicable Subsidiary to each such participant at the time it pays 2024 annual cash bonuses in the ordinary course of business. To the extent the Effective Time occurs on or after October 1, 2024, two-thirds of such amount shall be paid by Parent or its applicable Subsidiary to each such participant at the time it pays 2024 annual cash bonuses in the ordinary course of business, and one-third of such amount shall be paid by Parent or its applicable Subsidiary to each such participant on the date that is six (6) months following the Effective Date. Notwithstanding the foregoing, any amount that becomes payable to a Non-Continuing Employee under this Section 4.9(d) shall be paid as soon as practicable following such Non-Continuing Employee’s date of termination but in no event later than 30 days thereafter.
Annual Cash Bonuses. By January 31, 2000, the Company shall establish ------------------- a formula that is based on corporate performance, and targets calendar year-end cash bonuses that are comparable on a percentage basis to the bonuses given to similarly situated executives at companies of a similar size and classification in the most recently published AEA survey available. No other compensation provided for in this Agreement shall be deemed a substitute for the Executive's right to receive such bonuses and bonuses under this paragraph shall be in lieu of any other incentive compensation plan that may be available to senior management.
Annual Cash Bonuses. During the term of the Executive's employment under this Agreement, the Executive will be entitled to receive an annual cash bonus calculated pursuant to performance standards developed by the Corporation's compensation committee in consultation with the Executive, as such standards are in effect from time to time. The target amount of the bonus shall be 100% of the Executive's base salary as of the end of the fiscal period of the Corporation for which the bonus is calculated. The Board of Directors of the Corporation, in its discretion, may award bonuses to the Executive in addition to those provided for above, as it may from time to time determine.
Annual Cash Bonuses. During the term of the Employee's employment under this Agreement, the Employee will be entitled to receive an annual cash bonus calculated pursuant to performance standards developed by the Corporation's compensation committee in consultation with the Employee, as such standards are in effect from time to time. The target amount of the bonus shall be 50% of the Employee's base salary as of the end of the fiscal period of the Corporation for which the bonus is calculated.
Annual Cash Bonuses. For each year ending during the Employment Period, the Company shall provide Executive with a bonus for the year based upon the performance criteria adopted for each such year by the Compensation Committee of the Board. The performance criteria shall be established by the Compensation Committee (after consultation with Executive) and the bonus shall be calculated and paid, in each case, in a manner consistent with the Company’s bonus program applicable to the Company’s executive officers, but on terms no less favorable to Executive than those provided in the Annual Cash Incentive Program section of the Incentive Compensation Program for Executive Officers, as amended and in effect as of the Effective Date, a copy of which is attached as Exhibit A hereto (the “Incentive Compensation Program”). Such bonus shall include criteria designed to meet three thresholds: threshold, target and superior. During the Employment Period, the amount of bonus payable to Executive at each threshold shall be equal to no less than fifty percent (50%) of Base Salary at the threshold level, one hundred twenty five percent (125%) of Base Salary at the target level; and two hundred percent (200%) of Base Salary at the superior level. In each case, Base Salary shall mean the Base Salary as in effect on the date the Compensation Committee of the Board establishes the relevant performance criteria for such year. In addition, to the extent that the Company’s performance shall be at a level between the threshold and target levels, or between the target and superior levels, the amount of the bonus payable to Executive shall, unless the Executive otherwise agrees, be determined using straight line linear interpolation. The annual bonus, if any, earned in respect of a calendar year shall be paid to the Executive in cash at the same time as annual bonuses are paid to other senior executives of the Company, but in no event later than March 15th of the calendar year immediately following the calendar year to which such annual bonus relates.
Annual Cash Bonuses. For each year ending during the Term of this Agreement, the Company shall provide Executive with a bonus for the year based upon the performance criteria adopted for such year by the Compensation Committee of the Board of Directors. The performance criteria shall be established and the bonus shall be calculated and paid in a manner consistent with the Company’s bonus program applicable to the Company’s most senior executives, but on terms no less favorable to Executive than those provided in this Section 3(b). Such bonus shall include criteria designed to meet three thresholds: base, target and stretch. During the Term, the amount of bonus payable to Executive at each threshold shall be equal to no less than fifty percent (50%) of Base Salary at the base level; one hundred percent (100%) of Base Salary at the target level; and two hundred percent (200%) of Base Salary at the stretch level. In each case, Base Salary shall mean the Base Salary as in effect for the preceding calendar year. In addition, to the extent the Company’s performance shall be at a level between the base and target levels, or between the target and stretch levels, the amount of the bonus payable to Executive shall be prorated to take into account such partial performance between such levels.
Annual Cash Bonuses. (i) During the Employment Term, Executive shall be entitled to a cash bonus (the "Bonus") with a target of 30% of Executive's annual base salary, in accordance with the terms and provisions of the Company's then existing executive bonus plan (the "Bonus Plan"). The Bonus shall be determined annually the same time bonuses are determined for similarly situated employees of the Company, in accordance with the Bonus Plan, and shall be payable at the same time and in the same manner as bonuses are paid to other similarly situated employees of the Company. Executive acknowledges that the Bonus Plan is in development. Executive will receive a bonus for fiscal 2001 in the amount of $30,000 payable on December 31, 2001. Executive will receive a copy of the Bonus Plan upon its adoption by the Company.
