Examples of Compensation Committee in a sentence
The Board or the Compensation Committee, in their sole discretion, shall determine: the extent to which both Company and Executive have achieved any corporate or individual performance goals or targets, or other terms and conditions applicable to the Performance Bonus; the amount of the Performance Bonus (if any); and whether and to what extent a Performance Bonus may be paid with respect to any year during which Executive's employment terminates, subject to the terms and conditions of this Agreement.
Performance Bonuses are not earned until they are approved in writing by the Board or Compensation Committee and paid to senior executive officers of Company.
Executive’s base salary shall be subject to annual reviews and periodic adjustment by the Organization and Compensation Committee of the Board (the “Compensation Committee”), which has full discretion to adjust Executive’s base salary.
The Board or its Compensation Committee will use best efforts to determine the Bonus Target for each year no later than March 31 of such year.
For calendar year 2024, Executive shall be eligible to receive an annual performance bonus (the “Annual Bonus”) at a target amount of $1,200,000 (the “Target Bonus”), on such terms and conditions determined by the Board or the Compensation Committee.