Annual Bonus Opportunity. Employee shall be eligible to receive an annual bonus, the amount of which, if any, shall be determined by the Employee’s Board of Directors or its designee after an annual review of the performance of Employee and Employer for the prior calendar year.
Annual Bonus Opportunity. Employee shall be eligible to receive an annual incentive bonus opportunity under BKFS’s annual incentive plan for each calendar year included in the Employment Term during which Employee is an employee of the Company, including for calendar year 2013 a partial year pro-rata annual bonus based on Employee’s period of employment with the Company with such opportunity to be earned based upon attainment of performance objectives established by the BKFS Compensation Committee (“Annual Bonus”). Employee’s target Annual Bonus shall be two times the Employee’s then current Annual Base Salary and Employee’s maximum Annual Bonus shall be four times of the Employees’ then current Annual Base Salary (the Annual Bonus is referred to as the “Annual Bonus Opportunity”). Employee’s Annual Bonus Opportunity may be periodically reviewed and increased by the Company, but may not be decreased without Employee’s express written consent. Employee’s Annual Bonus is subject to the Company’s and Fidelity National Financial, Inc.’s (“FNF”) clawback policy, pursuant to which the Company and FNF may recoup all or a portion of any bonus paid if, after payment, there is a finding of fraud, a restatement of financial results, or errors or omissions discovered that the Compensation Committee determines negatively affects the business results on which the bonus was based. If owed pursuant to the terms of the plan, the Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Except as otherwise provided otherwise herein or if the Board of Directors of the Company or the Compensation Committee of the Company’s Board of Directors determines otherwise, no Annual Bonus shall be paid to Employee unless Employee is employed by the Company or an affiliate thereof, on the last day of the measurement period; provided, however, that Employee shall remain eligible for a pro-rata Annual Bonus based on Employee’s period of employment with the Company during the final year of the Employment Term, if the Employment Term ends prior to the end of the calendar year by the Company’s decision not to renew the Agreement, or by not offering to renew the agreement on substantially similar terms and conditions;
Annual Bonus Opportunity. During the Employment Period, Employee shall be eligible to earn a bonus payable within a reasonable period following the end of each of the Company’s fiscal years based on the achievement of certain objectives (the “Bonus Objectives”) to be determined by the Compensation Committee within the first ninety (90) days of each such fiscal year. Employee’s annual bonus (the “Annual Bonus”) for achievement of all Bonus Objectives at target (the “Target Bonus Amount”) will be seventy-five percent (75%) of the Base Salary paid in such fiscal year (or pro rata as to any portion of the fiscal year), but the actual amount of the Annual Bonus may exceed 75% of Base Salary or be less than 75% of Base Salary based on overachievement of the Bonus Objectives, underachievement of the Bonus Objectives, or in the case of underachievement, the discretion of the Compensation Committee. If awarded, the Annual Bonus for a fiscal year shall be paid in the fiscal year following such fiscal year after the Compensation Committee determination of the amount of the Annual Bonus, if any, but no later than the 15th day of the third month of such subsequent fiscal year and shall be subject to all amounts required to be withheld by federal, state, or local law and all applicable deductions properly authorized by Employee or required by law.
Annual Bonus Opportunity. Executive will be eligible for an annual discretionary bonus with a target amount equal to fifty percent (50%) of then current Base Salary (“Target Bonus”), the payment of which shall be determined based on the satisfaction of performance metrics for management bonuses generally established by the Board of Directors (the “Board”) of Wheels Up Partners Holdings LLC (“Holdings”), which account for the Company’s satisfying its budget and growth projection and individual performance at target levels. The Company anticipates that such metrics shall be developed by the Board for each budget year during the Term, and until such time as they are adopted, Executive’s right to the annual bonus shall be determined in the sole discretion of the Board. In the event that applicable individual, Company or other performance goals are achieved at a level that exceeds target levels for an applicable fiscal year, the Executive will be eligible to earn an annual bonus in excess of the Target Bonus amount in the same manner as other similarly situated senior executives of the Company are generally eligible for such increased bonus. In the event that applicable individual, Company or other performance goals are achieved at a level below target levels but in excess of a threshold level for an applicable fiscal year as may be determined by the Board in its sole discretion, the Executive will be eligible to earn an annual bonus, if any, in an amount less than the Target Bonus in the same manner as other similarly situated senior executives of the Company are generally eligible for such a partial bonus. Any annual bonus payable hereunder shall be paid not later than March 15 of the year following the year to which it relates. The Board’s good faith determination of Executive’s eligibility to receive an annual bonus and the calculation of any such bonus shall be final and conclusive. Any annual bonus amounts for the first year of employment are prorated based on date of hire.
Annual Bonus Opportunity. During the Employment Period, the Executive shall participate in the Company’s annual bonus program for executives as in effect from time to time, pursuant to which the Executive will have the opportunity to earn, for each fiscal year of the Company, an annual bonus (the “Annual Bonus”), with a target Annual Bonus opportunity equal to 35% of the Annual Base Salary (the “Target Bonus”). The actual amount of the Annual Bonus paid for each applicable fiscal year, if any, shall be determined by the Company in its discretion. Payment of any Annual Bonus shall be subject to the Executive’s continued employment through the applicable payment date, except as provided herein.
Annual Bonus Opportunity. Each year, Executive will have a reasonable opportunity to earn an annual cash bonus of 100% of Base Salary (as adjusted from time to time, the “Target Amount”) based on the achievement of one or more targets set by the Board of Directors of the Company or its Compensation Committee (the “Board”).
Annual Bonus Opportunity. During the term of employment hereunder, the Employee will be provided an annual bonus opportunity in a target amount of $70,000.00 (pro-rated based on the Employee's start date). The objectives for each year and other terms and conditions of the bonus opportunity shall be established by the Board of Directors or a committee thereof and shall be reasonably consistent with the business plan of the Company for such year established in advance.
Annual Bonus Opportunity. For the fiscal year ending September 30, 2015 and for each full fiscal year of the Company that begins thereafter during the Term, Executive will be eligible to participate in an annual bonus program established by the Board (the “Annual Bonus”). Executive’s Annual Bonus compensation under such bonus program shall be targeted at 75% of his Annual Base Salary, subject to adjustments between the range of 50% to 200% for under or over performance, as determined by the Board (or an authorized committee of the Board). Unless determined otherwise by the Board (or another committee of the Board), the bonus awards payable under the incentive program shall be based on the achievement of EBITDA based performance goals to be determined by the Board (or an authorized committee of the Board). The Annual Bonus shall be paid as soon as reasonably practicable following the end of the applicable fiscal year, but in no event shall it be paid after March 15th of the calendar year following the calendar year in which the fiscal year to which the Annual Bonus relates.
Annual Bonus Opportunity. For the fiscal year ending September 30, 2008 and for each full fiscal year of the Company that begins thereafter during the Employment Period, the Executive shall be eligible to earn an annual bonus in such amount as shall be determined by the Compensation Committee, in its sole discretion (the “Annual Bonus”), provided, that the Annual Bonus for any fiscal year shall not exceed 200% of Executive’s Base Salary in effect on the first day of such fiscal year (it being understood that the targeted amount of the Annual Bonus (the “Target Bonus”) shall be 100% of Executive’s Base Salary in effect on the first day of such fiscal year). The Annual Bonus shall be paid in cash and may be paid under the Company Executive Bonus Plan in effect on the Effective Date or other Company bonus plan. Any such cash amount shall be paid by March 15th of the year following the end of the fiscal year for which the Annual Bonus was earned.
Annual Bonus Opportunity. Your annual target bonus opportunity following the Effective Date will be $275,000 (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.