Common use of Bonus Opportunities Clause in Contracts

Bonus Opportunities. During the Term of Employment, the Company shall provide you with annual short-term and long-term bonus opportunities. Your annual short-term bonus opportunity shall be prorated for the year 2000 to reflect the six-month duration of the Agreement during 2000, and your annual long-term bonus opportunity shall become effective beginning in 2001. Your annual short-term bonus opportunity shall not be less than 75 percent of your then-current base salary, and your annual maximum short-term bonus opportunity shall not be less than 150 percent of your then-current base salary. The value of your annual long-term bonus opportunity shall not be less than 425 percent of your then-current base salary.

Appears in 1 contract

Samples: Grant Stock Option Agreement (Verizon Communications Inc)

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Bonus Opportunities. During the Term of Employment, the Company shall provide you with annual short-term and long-term bonus opportunities. Your While you are not guaranteed an annual short-term bonus opportunity shall be prorated for the year 2000 to reflect the six-month duration of the Agreement during 2000, and your annual or long-term bonus opportunity shall become effective beginning in 2001. Your any amount, (a) the value of your annual short-term bonus opportunity shall not be less than 75 percent of your then-current base salary, and your annual maximum short-term bonus opportunity shall not be less than 150 percent of your then-current base salary. The (b) the value of your annual long-term bonus opportunity shall not be less than 425 percent of your then-current base salary.

Appears in 1 contract

Samples: Verizon Communications Inc

Bonus Opportunities. During the Term of Employment, the Company shall provide you with annual short-term and long-term bonus opportunities. Your annual short-term bonus opportunity shall be prorated for the year 2000 to reflect the six-month duration of the Agreement during 2000, and your annual long-term bonus opportunity shall become effective beginning in 2001. Your annual short-term bonus opportunity shall not be less than 75 100 percent of your then-current base salary, and your annual maximum short-term bonus opportunity shall not be less than 150 200 percent of your then-current base salary. The value of your annual long-term bonus opportunity shall not be less than 425 500 percent of your then-current base salary.

Appears in 1 contract

Samples: Grant Stock Option Agreement (Verizon Communications Inc)

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Bonus Opportunities. During the Term of Employment, the Company shall provide you with annual short-term and long-term bonus opportunities. Your annual short-term bonus opportunity opportunities shall be prorated for the year years 2000 and 2002 to reflect the six-month duration of the Agreement during 20002000 and the end of the Term of Employment on June 30, 2002, and your annual long-term bonus opportunity shall become effective beginning in 2001. Your annual short-term bonus opportunity shall not be less than 75 125 percent of your then-current base salary, and your annual maximum short-term bonus opportunity shall not be less than 150 250 percent of your then-current base salary. The value of your annual long-term bonus opportunity shall not be less than 425 800 percent of your then-current base salary.

Appears in 1 contract

Samples: Grant Stock Option Agreement (Verizon Communications Inc)

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