Additional Cash Awards Clause Samples
The "Additional Cash Awards" clause establishes the conditions under which extra monetary payments may be granted beyond the standard compensation outlined in an agreement. Typically, this clause details the criteria for earning such awards, such as achieving specific performance targets, meeting sales goals, or contributing to exceptional project outcomes. By clearly defining when and how additional cash awards are distributed, the clause incentivizes desired behaviors and provides transparency regarding potential financial rewards, thereby motivating parties and reducing disputes over bonus entitlements.
Additional Cash Awards. The Company may provide employees with additional cash awards. The selection of employees and the amounts of the cash awards will be made at the discretion of management.
Additional Cash Awards. The Company may provide employees with additional cash awards. The selection of employees and the amounts of the cash awards will be made at the discretion of management. $563.50 $563.50 $563.50 $591.00 $592.00 $593.50 $619.50 $622.50 $624.50 $649.50 $654.00 $657.50 $681.50 $687.50 $692.50 $714.50 $722.50 $729.00 $749.00 $759.50 $767.50 $785.50 $798.00 $808.00 $824.00 $839.00 $850.50 $864.00 $881.50 $895.50 $906.00 $926.50 $942.50 $950.00 $974.00 $992.50 $996.00 $1,023.50 $1,045.00 $1,044.50 $1,076.00 $1,100.00 $512.00 $512.00 $512.00 $544.00 $545.50 $546.50 $577.50 $581.00 $583.50 $613.50 $619.00 $623.00 $651.50 $659.50 $665.00 $692.00 $702.50 $710.00 $735.00 $748.00 $758.50 $780.50 $797.00 $809.50 $829.50 $849.00 $864.50 $881.00 $904.50 $923.00 $935.50 $963.50 $985.00 $445.50 $445.50 $445.50 $478.50 $480.00 $481.00 $514.00 $517.00 $519.50 $552.00 $557.00 $561.00 $593.00 $600.50 $605.50 $637.00 $646.50 $654.00 $684.50 $697.00 $706.00 $735.50 $750.50 $762.50 $790.00 $809.00 $823.50 $848.50 $871.50 $889.00 $911.50 $939.00 $960.00 EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE 09/03/16 09/03/17 09/02/18 09/03/16 09/03/17 09/02/18 09/03/16 09/03/17 09/02/18 START 0-6 07 - 12 13 - 18 19 - 24 25 - 30 31 - 36 37 - 42 43 - 48 49 - 54 55 - 60 61- 66 67- 72 73- 78 79+ START 0-6 07 - 12 13 - 18 19 - 24 25 - 30 31 - 36 37 - 42 43 - 48 49 - 54 55 - 60 61+ START 0-6 07 - 12 13 - 18 19 - 24 25 - 30 31 - 36 37 - 42 43 - 48 49 - 54 55 - 60 61+ $538.50 $538.50 $538.50 $553.00 $554.00 $555.00 $568.00 $570.50 $572.50 $583.00 $587.00 $590.00 $598.50 $604.00 $608.00 $614.50 $621.50 $627.00 $631.00 $640.00 $646.50 $648.00 $658.50 $666.50 $665.50 $677.50 $687.00 $683.00 $697.50 $708.00 $701.50 $717.50 $730.00 $720.50 $738.50 $752.50 $739.50 $760.00 $776.00 $759.50 $782.50 $800.00 $490.50 $490.50 $490.50 $507.50 $509.00 $510.50 $525.50 $528.50 $531.00 $544.00 $549.00 $552.50 $563.00 $570.00 $575.00 $583.00 $591.50 $598.00 $603.50 $614.00 $622.50 $624.50 $637.50 $647.50 $646.50 $662.00 $673.50 $669.00 $687.00 $701.00 $692.50 $713.50 $729.50 $420.00 $420.00 $420.00 $439.00 $440.50 $441.50 $459.00 $461.50 $463.50 $479.50 $484.00 $487.00 $501.50 $507.50 $512.00 $524.00 $532.00 $538.00 $548.00 $557.50 $565.00 $572.50 $584.50 $594.00 $598.50 $613.00 $624.00 $625.50 $642.50 $655.50 $654.00 $673.50 $689.00 EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE EFFECTIVE 09/03/16 09/03/17 09/02/18 09/03/16 09/03/17 09/02/...
Additional Cash Awards. You shall be entitled to receive additional cash awards (“Additional Cash Awards”) of up to $4,250,000 in the aggregate, subject to the terms of this Section 3.3. The Additional Cash Awards are structured to comply with Section 162(m) of the Code and shall be paid pursuant to the Bonus Plan, provided that the Compensation Committee shall not have negative discretion to decrease the amount of the Additional Cash Awards. The Additional Cash Awards shall not be subject to the Policy on Recovery of Incentive Compensation in Event of Financial Restatement, attached as Appendix A to this Agreement.
3.3.1 The Additional Cash Awards shall consist of four equal cash awards of $1,062,500, one of which shall vest on each of September 30, 2009, March 31, 2010, September 30, 2010, and March 31, 2011 (each a “Vesting Date”), provided that (a) you have been continuously in active employment with Employer from the Effective Date through the applicable Vesting Date, and (b) Actual EBITDA (as defined in the 2009 Bonus Plan with the same adjustments to continue through March 31, 2011, as more fully described in Appendix B) is at least equal to the threshold amount described in Appendix B (“Threshold Amount”) during the six-month period immediately preceding the Vesting Date (“Vesting Period”). Notwithstanding the foregoing, if any Additional Cash Award that would otherwise have vested on a Vesting Date does not vest on such date solely because the condition in clause (b) of this Section 3.3.1 was not met, such portion shall vest on any subsequent Vesting Date, if any, (including a Vesting Date following termination of active employment) if average Actual EBITDA (as adjusted in accordance with Appendix B) for each completed Vesting Period through such subsequent Vesting Date was at least equal to the Threshold Amount; provided, however, that this sentence shall not apply if your active employment has been terminated by Employer for Employer’s Good Cause or by you without Employee’s Good Cause on or prior to such subsequent Vesting Date.
3.3.2 Any Additional Cash Awards that are vested (which shall mean, for purposes of this Agreement, that such Additional Cash Awards have satisfied the conditions in clauses (a) and (b) of Section 3.3.1) prior to March 31, 2011 will be paid on March 31, 2011 or within ten (10) business days thereafter and any Additional Cash Awards that vest on March 31, 2011 will be paid on March 31, 2011 or within ninety (90) days thereafter. In the event th...