Additional Bonus. Executive shall be eligible for such year-end bonus, which may be paid in either cash or equity, or both, as is awarded at the discretion of the Compensation Committee of the Board of Directors of the Company after consultation with the Company's Chief Executive Officer.
Additional Bonus. The Executive shall be eligible to receive additional cash bonuses pursuant to Section 12 below.
Additional Bonus. Additional bonus payments and amounts shall be determined by the Company’s board of directors in its sole discretion in accordance with performance-based criteria applicable generally to the executive-level employees of the Company.
Additional Bonus. If, as of the date that an award under the Plan (or other applicable long-term incentive program of the Company) as described in Section 3(c) above would otherwise be granted, (i) either (1) the common units representing limited partner interests in the Partnership (“Common Units”) are no longer publicly traded on (A) any exchange registered with the Securities and Exchange Commission (the “SEC”) under Section 6(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (or any successor to such Section), or (B) any other securities exchange (whether or not registered with the SEC under Section 6(a) (or any successor to such Section) of the Exchange Act) that the Company shall designate as a “National Securities Exchange” for purposes of the Partnership Agreement or the Partnership has otherwise been delisted, (2) the Board has made a public announcement that the Partnership will no longer make cash distributions on the Common Units, or (3) the Board has made a formal determination in writing that no cash distributions will be made on the Common Units for the first quarter of the applicable calendar year, and (ii) as a result of the event(s) described in clause (i), the Board (or the applicable committee) in its discretion elects not to grant any award to the Executive under the Plan (or other applicable long-term incentive program) pursuant to paragraph (c) above, then the Executive will be entitled to an additional cash bonus award, in an amount to be determined by the Board in its discretion and which shall be paid to the Executive at the same time the Annual Bonus is paid (each such additional cash bonus award, an “Additional Bonus”). Notwithstanding the foregoing, no bonus shall be paid in substitution for compensation subject to (and not exempt from) Section 409A of the Code, to the extent such payment would result in the imposition of additional tax, interest and/or penalties upon Executive under Section 409A of the Code.
Additional Bonus. Employee is hereby granted 39,007.9674 Class A Cash ---------------- Bonus Units with a Payment Value (as defined in the Bonus Plan) of $1.5725 per unit and 4,953.3105 Class L Bonus Units with a Payment Value of $363.2381 per unit under the Company's 1998 Cash Bonus Plan (the "Additional Bonus"). ----------------
Additional Bonus. The Executive will be eligible to receive an additional bonus in excess of the Annual Bonus (the “Additional Bonus”) as determined by the Compensation Committee of the Board in its sole discretion, provided that the Executive will use one hundred percent (100%) of the Net Amount (defined below) to purchase shares of common stock of the Company in accordance with Company policies and procedures and applicable law. The “Net Amount” means the gross amount of the Additional Bonus less all withholding required by law (such as income and payroll taxes) and such additional withholding as may be agreed upon by the Executive.
Additional Bonus. As an additional inducement for Executive to remain employed by Employer, Executive shall be eligible to receive an additional bonus (the “Additional Bonus”), less all applicable federal, state and local tax withholdings, as follows:
Additional Bonus. The Employee may be eligible for an additional performance bonus with an equivalent value of twenty percent - forty percent (20% - 40%) of the Employee's base salary on a quarterly basis. The Companies shall determine Employee's eligibility for such additional bonus based upon certain performance criteria described in Exhibit A, (DebitFone & AlphaTrack Projections). The performance criteria shall be evaluated by the Company achieving (80% - 120%) of the projected pre-tax profits in such exhibit on a quarterly basis. If the Company determines that such performance goals have been achieved, the Employee shall have the option to receive the bonus in cash or common stock in the Parent Company; (SATX) at 90% of average market price of the shares of (SATX) over the last thirty (30) days prior to issue. If at the end of the year volumes are made up to cover any quarters that volumes were not met and the bonus was not paid, the company will offer the bonus for that quarter. The sliding scale used in the calculation of bonus is: Level of Company Performance 80% 100% 120% Payout % of Employee annual salary 20% 30% 40%
Additional Bonus. Employee will be eligible to participate in any bonus program established by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”), provided that Employee is eligible by the terms thereof to participate therein.
Additional Bonus. The Employee may be eligible for an additional quarterly Performance bonus equal to a range of twenty to forty percent (20%-40%) of Employee's annual base salary to be paid out, if earned, on a quarterly basis after completion of each of the Company's fiscal quarters. The calculation of earned bonus is based upon the Company's financial performance against certain performance criteria described in Exhibit A to this document (Company Projections). The threshold for enacting the bonus pool for a specific quarter shall be Company attainment of eighty percent (80%) or more performance against the applicable goals in Exhibit A. Exhibit A will be officially revised for bonus calculation purposes, as required by changes in business events and forecasts, only as approved by the Board of Directors of SATX. Each quarter's earned bonus will be calculated from the following sliding scale: Level of Company goal performance 80% 100% 120% Payout % of Employee's annual salary 20% 30% 40% If goals are achieved, and a bonus is earned for a quarter, Employee shall have the option of receiving the bonus in cash or in common stock in the Parent Company (SATX). If stock is chosen, the number of shares to be issued will be calculated using eighty percent (80%) of the average market price of the shares of the Company over the most recent thirty (30) days prior to issue date. In order to compensate for variations in quarterly performance, and to recognize the ability to make up for previous lesser performance, the quarterly bonus calculation will be made from year-to-date Company data. Thus, within any given performance year, a previous quarter's shortcoming can be offset by subsequent performance improvement. The instant quarter's bonus payout is therefore calculated as the year-to-date earned bonus less the cumulative bonus paid previously during the applicable year. As additional management responsibilities are assumed by Employee due to acquisitions by SATX, projections for those acquired entities will be added to the performance criteria in Exhibit A, and the size of the applicable bonus pool for Employee will be increased accordingly, as approved by the SATX Board of Directors.
