Annual Base Salary and Bonus. As compensation for his services under this Agreement, the Employee shall receive, and the Company shall pay, an annual base salary of such amount as shall be determined by the Compensation Committee of the Company’s Board of Directors (or other committee performing similar functions), but not less than $250,000 (U.S.). Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company’s Employees. In addition to such annual base salary, the Employee shall be entitled, during the Term, to an annual performance bonus as determined by the Compensation Committee of the Board of Directors (or other committee performing similar functions), and to participate in and receive payments from all other bonus and other incentive compensation plans as may be adopted by the Company as are made available to other Employees of the Company.
Annual Base Salary and Bonus. As compensation for his services under this Agreement, the Employee shall receive, and the Company shall pay, an annual base salary of such amount as shall be determined by the Compensation Committee of the Company’s Board of Directors (or other committee performing similar functions), but not less than $375,000 (U.S.). Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company’s Employees. Following a Change of Control, the Employee’s annual base salary shall not be decreased and, during the Post-Change of Control Renewal Period, the Employee’s base salary shall be increased on an annual basis by an amount at least equal to the average base salary increase, expressed as a percentage, provided to executives of the Company of comparable status and position to the Employee. The Employee also shall be entitled, during the Term, to an annual performance bonus as determined by the Compensation Committee of the Board of Directors (or other committee performing similar functions), and to participate in and receive payments from all other bonus and other incentive compensation plans as may be adopted by the Company as are made available to other Employees of the Company. On and after a Change of Control, to assure that the Employee will have an opportunity to earn incentive compensation, Employee shall be included in a bonus plan of the Company which shall satisfy the standards described below (such plan, the “Bonus Plan”). Bonuses under the Bonus Plan shall be payable with respect to achieving such financial or other goals reasonably related to the business of the Company as the Company shall establish (the “Goals”), all of which Goals shall be attainable, prior to the end of the Post-Change of Control Renewal Period, with approximately the same degree of probability as the most attainable goals under the Company’s bonus plan or plans as in effect at any time during the 180-day period immediately prior to the Change of Control (whether one or more, the “Company Bonus Plan”) and in view of the Company’s existing and projected financial and business circumstances applicable at the time. The amount of the bonus (the “Bonus Amount”) that Employee is eligible to earn under the Bonus Plan shall be no less than 100% of Employee’s target award provided in such Company Bonus Plan (such bonus amount herein referred to as the “Targeted Bonus”), and in the event the Goals are not achieved such that the entire ...
Annual Base Salary and Bonus. As compensation for his services under this Agreement, the Employee shall receive, and the Company shall pay, an annual base salary of such amount as shall be determined by the Compensation Committee of the Company’s Board of Directors (or other committee performing similar functions), but not less than $260,000 (U.S.). Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company’s Employees. Following a Change of Control, the Employee’s annual base salary shall not be decreased and, during the Post-Change of Control Renewal Period, the Employee’s base salary shall be increased on an annual basis by an amount at least equal to the average base salary increase, expressed as a percentage, provided to executives of the Company of comparable status and position to the Employee. The Employee also shall be entitled, during the Term, to participate in and receive payments from all bonus and other incentive compensation plans as may be adopted by the Company as are made available to other Employees of the Company.
Annual Base Salary and Bonus. As compensation for his services under this Agreement, the Employee shall receive, and the Company shall pay, an annual base salary of such amount as shall be determined by the Company's Board of Directors not less than $144,000 for the first year of the Term, and thereafter during the Term at such annual base salary as shall be determined by the Company's Board of Directors. Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company's Employees. In addition to such annual base salary, the Employee shall be entitled, during the Term, to an annual performance bonus as determined by the Compensation Committee of the Board of Directors (or other committee performing similar functions), and to participate in and receive payments from all other bonus and other incentive compensation plans as may be adopted by the Company as are made available to other Employees of the Company.
Annual Base Salary and Bonus. Giraxx'x xxxpensation from the Effective Date until April 1, 2001 shall be set at an annual base salary of $351,120 with an annual bonus incentive of up to seventy-five percent (75%) of such base salary based upon the achievement of those certain objectives as determined and approved by the Compensation Committee of the Board of Directors of J.D. Xxxxxxx. Xxmpensation for subsequent periods shall be established by a written addendum to this Employment Agreement as approved by the Compensation Committee of J.D. Xxxxxxx Board of Directors but in no event will be less than the annual base salary of $351,120 and annual bonus incentive of up to seventy-five percent (75%) of the new base salary based upon the achievement of those certain objectives as determined and approved by the Compensation Committee of the Board of Directors of J.D. Xxxxxxx.
Annual Base Salary and Bonus. Mxxxxxx’ compensation from May 1, 2003 until April 30, 2004 shall be set at an annual base salary of $350,000 with an annual bonus target incentive of seventy-five percent (75%) of such base salary based upon the achievement of those certain objectives as determined and approved by the Compensation Committee of the Board of Directors of J.X. Xxxxxxx. Mxxxxxx shall be treated as any other executive with similar performance for purposes of salary increases established as a result of periodic compensation reviews. In the event of such compensation reviews before April 30, 2004, Mxxxxxx’ base salary shall be set at the new amount. Compensation for subsequent periods shall be established by a written addendum to this Employment Agreement as approved by the Compensation Committee of J.X. Xxxxxxx Board of Directors, but in no event will be less than the annual base salary of $350,000.
Annual Base Salary and Bonus. Siebert's compensation from September 1, 2000 until April 0, 0000 xhall be set at an annual base salary of $200,000 with an annual bonus incentive of up to seventy-five percent (75%) of such base salary based upon the achievement of those certain objectives as determined and approved by the Compensation Committee of the Board of Directors of J.D. Edwards. Compensation for subsequent periods shall be xxxxxxxxxxx by a written addendum to this Employment Agreement as approved by the Compensation Committee of J.D. Edwards Board of Directors but in no event will be lexx xxxx xxx annual base salary of $200,000 and annual bonus incentive of up to seventy-five percent (75%) of the new base salary based upon the achievement of those certain objectives as determined and approved by the Compensation Committee of the Board of Directors of J.D. Edwards.
Annual Base Salary and Bonus. As compensation for his services under this Agreement, the Executive shall receive, and the Company shall pay, an annual base salary of such amount as shall be determined by the Company's Board of Directors not less than Five Hundred Fifty Thousand Dollars ($550,000) for the first year of the Term, and thereafter during the Term at such annual base salary as shall be determined by the Company's Board of Directors; provided, however, the annual base salary shall be increased by at least thirty percent (30%) at the expiration of the Initial Term and shall be increased by at least fifteen percent (15%) at the expiration of each two-year automatic renewal term. Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company's executives. In addition to such annual base salary, the Executive shall be entitled, during the Term, to a performance bonus as determined by the Compensation Committee of the Board of Directors (or other committee performing similar functions), and to participate in and receive payments from all other bonus and other incentive compensation plans as may be adopted by the Company as are made available to other executive officers of the Company.
Annual Base Salary and Bonus. Madden’s compensation from the Effective Date until April 1, 2001 shall be set at an annual base salary of $275,000 with an annual bonus incentive of up to forty percent (40%) the sum of such base salary plus the annual portion (25%) of the Retention Bonus in accordance with Section 3.2 below, based upon the achievement of those certain objectives as determined and approved by the Compensation Committee of the Board of Directors of J. X. Xxxxxxx. Compensation for subsequent periods shall be established by a written addendum to this Employment Agreement as approved by the Compensation Committee of J. X. Xxxxxxx Board of Directors based upon the achievement of those certain objectives as determined and approved by the Compensation Committee of the Board of Directors of J.X. Xxxxxxx.
Annual Base Salary and Bonus. As compensation for his services under this Agreement, the Executive shall receive, and the Company shall pay, an annual base salary of such amount as shall be determined by the Company's Board of Directors not less than Five Hundred Fifty Thousand Dollars ($550,000) until December 31, 2002, and thereafter during the Term at such annual base salary as shall be determined by the Company's Board of Directors; provided, however, the annual base salary shall be increased by (i) at least thirty percent (30%) on the second (2nd) anniversary of the date hereof (i.e., October 1, 2003) and (ii) at least fifteen percent (15%) on the fourth anniversary of the date hereof and at least fifteen percent (15%) on each bi-annual (i.e., two year) anniversary thereafter. Such annual base salary shall be payable in equal installments in accordance with the policy then prevailing for the Company's executives. In addition to such annual base salary, the Executive shall be entitled, during the Term, to a performance bonus as determined by the Compensation Committee of the Board of Directors (or other committee performing similar functions), and to participate in and receive payments from all other bonus and other incentive compensation plans as may be adopted by the Company as are made available to other executive officers of the Company. At the end of each fiscal year, the ------------------- ------------------- Company Executive Board of Directors in its discretion may award to the Executive a bonus based on the Executive's performance during such fiscal year. Stock options may be granted to the Executive from time to time at the sole discretion of the Board of Directors.
