Common use of Annual Bonus Clause in Contracts

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to time.

Appears in 30 contracts

Samples: Employment Agreement (Zicix Corp), Employment Agreement (Aqua Quest International, Inc.), Employment Agreement (Advance Green Energy Inc)

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Annual Bonus. In addition to the Annual Base Salary, for each fiscal year ending during the Employment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual bonus, as determined by the Compensation Committee (the “Annual Bonus") under ”). Each such Annual Bonus awarded to the Executive shall be paid, unless the Company's bonus plan or plans applicable to senior executives. The amount of ’s audit has been delayed, on the date the Company’s independent registered public accounting firm signs its audit report on the Company’s financial statements for the year for which the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to timeis awarded.

Appears in 8 contracts

Samples: Employment Agreement (Mackinac Financial Corp /Mi/), Employment Agreement (Mackinac Financial Corp /Mi/), Employment Agreement (Mackinac Financial Corp /Mi/)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual (an “Annual Bonus") under the Company's bonus plan or plans applicable to senior executives”). The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such said bonus plan as in effect from time to time; provided that the target for the first Annual Bonus shall be 75% of Base Salary). The terms and conditions of any such bonus plan shall be determined by the Company’s compensation committee in its sole discretion.

Appears in 8 contracts

Samples: Employment Agreement (Thomas Properties Group Inc), Employment Agreement (Thomas Properties Group Inc), Employment Agreement (Thomas Properties Group Inc)

Annual Bonus. In addition to For each calendar year ending during the Base SalaryEmployment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, earn an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined payable in accordance with the terms and conditions of the Company’s management incentive program at a target of 50% of Annual Base Salary, or such bonus plan as in effect higher level established by the Company from time to timetime (the “Annual Bonus”).

Appears in 5 contracts

Samples: Employment Agreement (Ikaria, Inc.), Employment Agreement (Ikaria, Inc.), Employment Agreement (Ikaria, Inc.)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for For each fiscal year of the Company ending completed during the Employment Period, an annual cash performance bonus annual Bonus") under the Executive shall be entitled to participate in the Company's ’s annual incentive cash bonus plan or plans applicable to senior executivesthen in effect (the “Annual Bonus”). The amount of the Executive’s minimum 2007 Annual Bonus and the his target performance goals applicable to the 2008 Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to time.are set forth on Exhibit A.

Appears in 5 contracts

Samples: Employment Agreement (Nuveen Asset Management), Employment Agreement (Nuveen Asset Management), Employment Agreement (Nuveen Investments Holdings, Inc.)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's ’s bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to time.

Appears in 4 contracts

Samples: Employment Agreement (SNM Global Holdings), Employment Agreement (Square Chain Corp.), Employment Agreement (Soligen Technologies Inc)

Annual Bonus. In addition to During the Base SalaryEmployment Period, the Executive shall be eligible have the opportunity to earn, for each fiscal year of the Company ending during the Employment PeriodCompany, an annual cash performance bonus (the “Annual Bonus”) pursuant to the terms of an annual Bonus") under incentive plan for senior executives of the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan , as in effect from time to time. Executive’s target Annual Bonus opportunity shall be 85% of the Annual Base Salary.

Appears in 4 contracts

Samples: Employment Agreement (Westrock Coffee Co), Employment Agreement (Westrock Coffee Holdings, LLC), Employment Agreement (Westrock Coffee Holdings, LLC)

Annual Bonus. In addition to During the Base SalaryEmployment Term, the Executive shall be eligible to earn, receive an annual performance bonus for each fiscal year of the Company ending during the Employment PeriodCompany, payable in cash (each an annual cash performance bonus annual "Annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus ), which shall be determined in accordance with the terms and conditions Management Bonus Pool Plan to be adopted by the Board as of such bonus plan the Effective Date, as in effect amended, modified or supplemented from time to time.

Appears in 4 contracts

Samples: Non Competition Agreement (Refco Inc.), Non Competition Agreement (Refco Inc.), Employment and Non Competition Agreement (Refco Information Services, LLC)

Annual Bonus. In addition to the Base Salary, the The Executive shall will be eligible to earn, earn an annual bonus (the “Annual Bonus”) for each fiscal year of the Company ending completed during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executivesExecutive’s employment hereunder. The actual amount of the any Annual Bonus and will be determined by the target performance goals applicable Board in its discretion, based on financial, operational, individual and/or other targets established by the Board. In order to the be eligible to receive any Annual Bonus shall hereunder, the Executive must be determined employed through the date such Annual Bonus is paid, except as otherwise provided in accordance with the terms and conditions of such bonus plan as in effect from time to timeSection 5.2.

Appears in 4 contracts

Samples: Employment Agreement (Astra Space, Inc.), Employment Agreement (Astra Space, Inc.), Employment Agreement (Astra Space, Inc.)

Annual Bonus. In During the Employment Period, in addition to the Base Salary, the Executive shall be eligible to earn, for receive an annual performance-based cash bonus (“Annual Bonus”) with respect to each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined based upon quantitative and qualitative performance targets. Those targets, as well as the Annual Bonus target amount, shall be established by the Committee in its sole discretion in accordance with the terms and conditions of such Company’s annual bonus plan as in effect from time to timeplan.

Appears in 3 contracts

Samples: Employment Agreement (Dolan Media CO), Employment Agreement (Dolan Media CO), Employment Agreement (Dolan Media CO)

Annual Bonus. In addition With respect to each calendar year that ends during the Base SalaryTerm, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, receive an annual cash performance bonus annual (the “Annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount terms of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such Company’s cash bonus plan as is then in effect from time to timeeffect. It is currently intended that the Board will set the Executive’s target Annual Bonus at 50% of the Executive’s Annual Base Salary, which target Annual Bonus may be increased by the Board in its discretion.

Appears in 3 contracts

Samples: Executive Service Agreement (MAGNACHIP SEMICONDUCTOR Corp), Executive Service Agreement (MAGNACHIP SEMICONDUCTOR Corp), Executive Service Agreement (MAGNACHIP SEMICONDUCTOR Corp)

Annual Bonus. In addition to the Base Salary, the (i) The Executive shall be eligible to earn, for each fiscal year of participate in the Company ending during Company’s annual bonus program and shall be eligible to earn an annual bonus in an amount not to exceed one (1) times Executive’s base salary. If the Employment Period, Executive is eligible to earn an annual cash performance bonus annual Bonus") under bonus, the Company's bonus plan or plans applicable to senior executives. The exact amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus Executive’s annual cash bonus, if any, shall be determined by the Company pursuant to the attainment of performance goals as set forth in accordance with the terms and conditions of such bonus plan as in effect from time to timeattached performance matrix prepared by the Company.

Appears in 3 contracts

Samples: Executive Employee Agreement (Energy Recovery, Inc.), Executive Employee Agreement (Energy Recovery, Inc.), Executive Employee Agreement (Energy Recovery, Inc.)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earnreceive an annual bonus (the “Annual Bonus”) in the amounts and with respect to the fiscal years set forth in Schedule 1 hereto, subject to terms and conditions determined by the Board, including with respect to the achievement of the Company’s financial budget goals for each the fiscal year of to which it relates as determined by the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executivesBoard. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined paid in accordance with the terms and conditions fiscal year following the end of the applicable fiscal year in which such bonus plan as in effect from time to timewas earned.

Appears in 3 contracts

Samples: Employment Agreement (Reliant Software, Inc.), Employment Agreement (Community Choice Financial Inc.), Employment Agreement (Community Choice Financial Inc.)

Annual Bonus. In During the Term, in addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment PeriodTerm, the Executive shall participate in, and shall have the opportunity to receive a bonus in an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable amount to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with with, the terms Parent’s Economic Profit Incentive Plan or any successor bonus plan, and conditions any other bonus or incentive plan, program or arrangement adopted by or applicable to the Company for the benefit of such bonus plan as in effect from time to timeits senior personnel (the “Annual Bonus Payment”).

Appears in 3 contracts

Samples: Executive Employment Agreement (Crown Holdings Inc), Executive Employment Agreement (Crown Holdings Inc), Executive Employment Agreement (Crown Holdings Inc)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earnreceive an annual bonus (the “Annual Bonus”) in the amounts and with respect to the fiscal years set forth in Schedule I hereto, subject to terms and conditions determined by the CEO and Board, including with respect to the achievement of the Company’s financial budget goals for each the fiscal year of 2011 as determined by the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executivesBoard. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined paid in accordance with the terms and conditions fiscal year following the end of the applicable fiscal year in which such bonus plan as in effect from time to timewas earned.

Appears in 3 contracts

Samples: Employment Agreement (Reliant Software, Inc.), Employment Agreement (Community Choice Financial Inc.), Employment Agreement (Community Choice Financial Inc.)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earnreceive an annual bonus (the “Annual Bonus”) in the amounts and with respect to the fiscal years set forth in Schedule I hereto, subject to terms and conditions determined by the CEO and the Board, including with respect to the achievement of the Company’s financial budget goals for each the fiscal year of 2011 as determined by the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executivesBoard. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined paid in accordance with the terms and conditions fiscal year following the end of the applicable fiscal year in which such bonus plan as in effect from time to timewas earned.

Appears in 3 contracts

Samples: Employment Agreement (Community Choice Financial Inc.), Employment Agreement (Reliant Software, Inc.), Employment Agreement (Community Choice Financial Inc.)

Annual Bonus. In During the Term, in addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment PeriodTerm, the Executive shall participate in, and shall have the opportunity to receive a bonus in an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable amount to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with with, the terms Company's Management Incentive Plan or any successor bonus plan, and conditions any other bonus or incentive plan, program or arrangement established by the Company for the benefit of such bonus plan as in effect from time to timeits executive officers (the "Annual Bonus Payment").

Appears in 3 contracts

Samples: Executive Employment Agreement (Crown Cork & Seal Co Inc), Executive Employment Agreement (Crown Cork & Seal Co Inc), Executive Employment Agreement (Crown Cork & Seal Co Inc)

Annual Bonus. In addition to During the Base SalaryEmployment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, earn an annual cash performance bonus annual Bonus") under the Company's bonus plan, or a successor plan or plans applicable thereto, as shall be in effect from time to senior executives. The amount time (the "Bonus Plan"), subject to achievement of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of the Bonus Plan (such bonus plan annual bonus, the "Annual Bonus"). The Annual Bonus shall be payable as in effect from determined by the Compensation Committee at such time as bonuses are ordinarily paid to timesenior executives of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Lesco Inc/Oh), Employment Agreement (Lesco Inc/Oh)

Annual Bonus. In addition to During the Base SalaryEmployment Term, the Executive shall be eligible to earn, receive an annual performance bonus for each fiscal year of the Company ending during the Employment PeriodCompany, payable in cash (each an annual cash performance bonus annual "Annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus ), which shall be determined in accordance with the terms and conditions of such bonus plan Management Bonus Pool Plan, as in effect amended, modified or supplemented from time to time.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Refco Inc.), Employment and Non Competition Agreement (Refco Global Capital Management LLC)

Annual Bonus. In addition to During the Base SalaryEmployment Term, the Executive shall be eligible to earn, receive an annual performance bonus for each fiscal year of the Company ending during the Employment PeriodCompany, payable in cash (each an annual cash performance bonus annual “Annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus ”), which shall be determined in accordance with the terms and conditions Management Bonus Pool Plan to be adopted by the Board as of such bonus plan the Effective Date, as in effect amended, modified or supplemented from time to time.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Refco Inc.), Employment and Non Competition Agreement (Refco Capital LLC)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be eligible to earnparticipate in, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable ’s Annual Performance-Based Bonus Plan or, if more favorable to the Executive, under any plans, practices, programs and policies of the Company and its affiliates in effect generally at any time after the Effective Date with respect to other senior executivesexecutives of the Company. The amount of the Annual Bonus and the target performance goals applicable bonus paid to the Annual Bonus Executive under this paragraph shall be determined in accordance with the terms and conditions “Annual Bonus” for purposes of such bonus plan as in effect from time to timethis Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Oxford Finance Corp), Employment Agreement (Oxford Finance Corp)

Annual Bonus. In addition to During the Base SalaryEmployment Term, the Executive shall be eligible to earn, receive an annual performance bonus for each fiscal year of the Company ending during the Employment PeriodCompany, payable in cash (each an annual cash performance bonus annual "Annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus ), which shall be determined in accordance with the terms and conditions Management Bonus Pool Plan to be adopted by the Board as of such bonus plan the Effective Date, as in effect amended, modified or supplemented from time to time; provided however, that in no event shall Executive's percentage share of the Management Bonus Pool be less than the percentage of his Base Salary to the aggregate base salaries of all participants in the Management Bonus Pool Plan.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Refco Information Services, LLC), Non Competition Agreement (Refco Inc.)

Annual Bonus. In addition to During the Base SalaryEmployment Period, the Executive shall participate in the Company’s annual bonus plans and shall be eligible to earnawarded bonuses thereunder that provide him, for each fiscal on a year-by-year of the Company ending during the Employment Periodbasis, an annual cash performance bonus annual (the “Annual Bonus") under the Company's bonus plan or plans applicable to senior executives”). The amount of the Company’s annual bonus plans shall, as necessary, be amended to provide that Executive may earn an Annual Bonus and the target performance goals applicable of up to the one-half (½) his Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to timeBase Salary.

Appears in 2 contracts

Samples: Employment Agreement (Knobias, Inc.), Employment Agreement (Knobias, Inc.)

Annual Bonus. In addition With respect to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment PeriodTerm, Executive will be eligible to receive an annual cash Annual Bonus to the extent Executive meets or exceeds specified personal performance bonus annual Bonus") under goals and/or the Company meets or exceeds specified corporate performance goals. Year One. With respect to the current fiscal year of the Company, Executive's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall will be determined paid in accordance with the terms and conditions of such bonus plan as in effect from time to timepreviously approved by the Board.

Appears in 2 contracts

Samples: Employment Agreement (Oao Technology Solutions Inc), Employment Agreement (Oao Technology Solutions Inc)

Annual Bonus. In addition to During each year of the Base SalaryEmployment Term, the Executive shall have the opportunity to receive an annual cash bonus ("Annual Bonus") for each fiscal year. The target Annual Bonus potential each year applicable to the Executive shall be eligible to earn22% of her Base Salary, and the maximum Annual Bonus shall not exceed 33% of her Base Salary. The Annual Bonus for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined by the Board based on the Bank's achievement of specified financial performance targets for such fiscal year, which are set in accordance with the terms and conditions advance of such bonus plan as in effect from time to timefiscal year by the Board.

Appears in 2 contracts

Samples: Employment Agreement (United Bancshares Inc /Pa), Employment Agreement (United Bancshares Inc /Pa)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be eligible entitled to earnparticipate, for with respect to each fiscal year of the Company ending during the Employment Period, an in the annual cash performance bonus annual plan (the "Annual Bonus") under the Company's bonus plan or plans applicable generally to senior executives. The amount executive officers of the Company and its subsidiaries, with a target annual bonus (the "Target Bonus") of no less than 80% of Executive's Annual Bonus and the target performance goals applicable to the Base Salary. Each such Annual Bonus shall be determined in accordance with paid no later than the terms and conditions date when annual bonuses are paid to other senior executive officers, unless the Executive shall elect to defer the receipt of such bonus plan as in effect from time to timeAnnual Bonus.

Appears in 2 contracts

Samples: Confidentiality and Noncompete Agreement (Molson Coors Brewing Co), Employment Agreement (Molson Coors Brewing Co)

Annual Bonus. In addition to During the Base SalaryEmployment Period, the Executive shall participate in the Company's annual bonus plans and shall be eligible to earnawarded bonuses thereunder that provide him, for each fiscal on a year-by-year of the Company ending during the Employment Periodbasis, an annual cash performance bonus annual (the "Annual Bonus") under the ). The Company's annual bonus plan or plans applicable shall, as necessary, be amended to senior executives. The amount of the provide that Executive may earn an Annual Bonus and the target performance goals applicable of up to the one-half (1/2) his Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to timeBase Salary.

Appears in 2 contracts

Samples: Employment Agreement (Knobias, Inc.), Employment Agreement (Knobias, Inc.)

Annual Bonus. In addition to the Base Salarybase salary set forth above, during the Executive shall Term, you will be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under participate in the Company's executive bonus plan or plans applicable to senior executivessimilarly situated executives of the Company. The amount of your annual bonus will be based on the Annual Bonus attainment of performance criteria established and evaluated by the target performance goals applicable to the Annual Bonus shall be determined Company in accordance with the terms and conditions of such bonus plan as in effect from time to time, provided that, subject to the terms of such bonus plan, your target (but not necessarily maximum) annual bonus shall be 40% of your base salary actually paid for such year.

Appears in 2 contracts

Samples: Employment Terms (Accuray Inc), Accuray Inc

Annual Bonus. In addition to During the Base SalaryEmployment Term, the Executive shall be eligible to earn, receive an annual performance bonus for each fiscal year of the Company ending during the Employment PeriodCompany, payable in cash (each an annual cash performance bonus annual "Annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus ), which shall be determined in accordance with the terms and conditions Management Bonus Pool Plan to be adopted by the Board as of such bonus plan the Effective Date, as in effect amended, modified or supplemented from time to time. Executive shall be consulted each year as to the allocation of bonus pool funds among employees in his line of reporting and supervisory responsibility.

Appears in 2 contracts

Samples: Non Competition Agreement (Refco Inc.), Employment and Non Competition Agreement (Refco Information Services, LLC)

Annual Bonus. In addition to For each fiscal year ending during the Base SalaryEmployment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, receive an annual cash performance bonus (the "Annual Bonus"), based upon the terms and conditions of an annual bonus program to be established by the Compensation Committee. Any such annual bonus program shall provide that the Executive's annual bonus opportunity ("Target Annual Bonus") under shall be at least equal to 65% of the CompanyExecutive's bonus plan or plans applicable to senior executives. The Annual Base Salary, with the actual amount of the Annual Bonus determined based on actual performance and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such the annual bonus plan as in effect from time to timeprogram.

Appears in 2 contracts

Samples: Employment Agreement (Maxxim Medical Inc/Tx), Employment Agreement (Maxxim Medical Inc/Tx)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earnreceive, for with respect to each fiscal year of the Company ending during the Employment PeriodTerm, an annual cash performance bonus annual (the "Annual Bonus") under the terms of the Company's then applicable annual bonus plan or plans applicable to senior executivesplan. The amount of the Annual Bonus and the target performance goals applicable to the Executive's Annual Bonus shall be determined in accordance with the terms and conditions have a target amount equal to 100% of such bonus plan as in effect from time to timehis Base Salary.

Appears in 2 contracts

Samples: Executive Employment Agreement (Exide Corp), Executive Employment Agreement (Exide Corp)

Annual Bonus. In addition to the Base Salary, the Executive shall also be eligible to earnreceive an Annual Bonus pursuant to any Management Bonus Plan adopted by the Company, subject to the terms and provisions of this Paragraph b. The amount of Annual Bonus earned by Executive for each fiscal year shall be determined by Executive's immediate supervisor at the Company based upon, among other factors, the performance of the Company ending during such fiscal year. Any Annual Bonus earned by Executive shall be paid in cash within one hundred twenty (120) days following the Employment Period, an annual cash performance bonus annual Bonus") under completion of the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to timefiscal year then ending.

Appears in 1 contract

Samples: Employment Agreement (North American Technologies Group Inc /Mi/)

Annual Bonus. In addition to For each fiscal year that ends during the Base SalaryTerm of Employment, the Executive shall be eligible to earn, be considered for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's ’s annual cash bonus plan or plans applicable in accordance with the Compensation Policy (the “Annual Bonus”) and subject to senior executivesthe discretion of the Compensation Committee and the TPI Board. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined paid to the Executive at the same time as annual bonuses are generally payable to other similarly situated senior executives of TPE, subject to the Executive’s continuous employment through the payment date, except as otherwise set forth in accordance with this Agreement. As from the terms and conditions Effective Date, the Annual Bonus target will be 100% of such bonus plan as in effect from time to timethe Base Salary earned during the applicable year.

Appears in 1 contract

Samples: Employment Agreement (Teva Pharmaceutical Industries LTD)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be eligible to earn, for each full fiscal year of the Company ending during the Employment Period, commencing with the 2003 fiscal year, the Executive shall be eligible to receive an annual cash performance bonus annual (the "Annual Bonus") under the Company's ), which bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms good faith of the Compensation Committee of the NFP Board and conditions based on the performance of such bonus plan as in effect from time to timethe Executive and certain objective standards, including without limitation, the profitability of the Company.

Appears in 1 contract

Samples: Employment Agreement (National Financial Partners Corp)

Annual Bonus. In addition to For each fiscal year ending during the Base SalaryEmployment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, receive an annual cash performance bonus (the "Annual Bonus"), based upon the terms and conditions of an annual bonus program to be established by the Compensation Committee. Any such annual bonus program shall provide that the Executive's annual bonus opportunity ("Target Annual Bonus") under shall be at least equal to 50% of the CompanyExecutive's bonus plan or plans applicable to senior executives. The Annual Base Salary, with the actual amount of the Annual Bonus determined based on actual performance and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such the annual bonus plan as in effect from time to timeprogram.

Appears in 1 contract

Samples: Employment Agreement (Maxxim Medical Inc/Tx)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash bonus (an “Annual Bonus”) on terms and conditions, including performance bonus annual Bonus") under goals, as mutually determined by the Company's bonus plan or plans applicable to senior executives. The amount Executive and the Compensation Committee of the Annual Bonus and Board (the target performance goals applicable “Committee”) prior to the Annual Bonus shall be determined in accordance with the terms and conditions of each such bonus plan as in effect from time to timefiscal year.

Appears in 1 contract

Samples: Employment Agreement (Blackrock Inc /Ny)

Annual Bonus. In addition to For each calendar year ending during the Base SalaryEmployment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, earn an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined payable in accordance with the terms and conditions of the Company’s management incentive program at a target of 100% of Annual Base Salary, or such bonus plan as in effect higher level established by the Company from time to timetime (the “Annual Bonus”).

Appears in 1 contract

Samples: Employment Agreement (Ikaria, Inc.)

Annual Bonus. In addition to the his Base Salary, the Company may, in its discretion, pay to Executive shall be eligible an annual cash bonus (the "Bonus") during the term of his employment hereunder equal to earn, a percentage of Executive's Base Salary (the "Target Bonus"). The Bonus for each fiscal year of the Company ending during will be based on performance targets as may be established by the Employment PeriodBoard (or a committee thereof), pursuant to an annual cash performance bonus annual Bonus") under the Company's bonus incentive plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable that is substantially similar to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time at the Company immediately prior to timethe Closing Date.

Appears in 1 contract

Samples: Employment Agreement (Western Multiplex Corp)

Annual Bonus. In During the Term, in addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment PeriodTerm, the Executive shall participate in, and shall have the opportunity to receive a bonus in an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable amount to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with with, the terms Company’s Economic Profit Incentive Plan or any successor bonus plan, and conditions any other bonus or incentive plan, program or arrangement established by the Company for the benefit of such bonus plan as in effect from time to timeits senior personnel (the “Annual Bonus Payment”).

Appears in 1 contract

Samples: Executive Employment Agreement (Crown Holdings Inc)

Annual Bonus. In addition With respect to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment PeriodTerm and subject to the achievement of the applicable performance goals based on Company and individual performance, Executive shall be eligible to earn an annual cash performance incentive bonus annual (the “Annual Bonus") under the Company's bonus plan or plans applicable to ’s management incentive program for senior executives, with a target bonus equal to 150% of the Base Salary (the “Target Bonus”). The amount Annual Bonus, if any, earned for each fiscal year shall be paid to Executive on a date that is no later than two and one-half months following the end of the fiscal year of the Company for which such Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to timerelates.

Appears in 1 contract

Samples: Employment Agreement (Ingersoll Rand Inc.)

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Annual Bonus. In addition to the Base Salary, the Executive ------------ shall be eligible have the opportunity to earn, for each fiscal year of the Company ending during the Employment PeriodTerm of this Agreement, an annual cash performance bonus annual (the "Annual Bonus") under on terms comparable to those provided for such fiscal year to senior executives of the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to time.

Appears in 1 contract

Samples: Special Employment Agreement (CSX Corp)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be eligible entitled to earnparticipate, for with respect to each fiscal year of the Company ending during the Employment Period, an in the annual cash performance bonus annual Bonus") under the Company's bonus plan or plans (the “Annual Bonus”) applicable generally to senior executives. The amount executive officers of the Company and its subsidiaries, with a target annual bonus (the “Target Bonus”) of no less than 80% of Executive’s Annual Bonus and the target performance goals applicable to the Base Salary. Each such Annual Bonus shall be determined in accordance with paid no later than the terms and conditions date when annual bonuses are paid to other senior executive officers, unless the Executive shall elect to defer the receipt of such bonus plan as in effect from time to timeAnnual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Molson Coors Brewing Co)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual (an “Annual Bonus") under the Company's ’s bonus plan or plans applicable to senior executives. The amount of the Executive’s target Annual Bonus shall be 75% of her Base Salary actually paid for such year and her maximum Annual Bonus shall be 150% of her Base Salary actually paid for such year, but the target performance goals applicable to the actual Annual Bonus shall be determined by the Compensation Committee of the Board in accordance with the terms and conditions applicable to similarly situated executives of the Company under such bonus plan as in effect from time to timeplan(s).

Appears in 1 contract

Samples: Employment Agreement (MPG Office Trust, Inc.)

Annual Bonus. In addition to For each calendar year ending during the Base SalaryTerm, the Executive shall be eligible entitled to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under pursuant to the Company's bonus plan or incentive plans applicable to senior executivesand programs ("Annual Bonus"). The amount Performance targets and criteria for payment of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined established by the Compensation Committee of the Board pursuant to EPS, ROE, Net Income and other guidelines promulgated in accordance good faith after xxnsulting with the terms and conditions Executive. The Target Bonus, as used herein, shall be not less than 200 percent of such bonus plan as in effect from time to timethe Executive's Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Cit Group Inc)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual (an "Annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Maguire Properties Inc)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual (an “Annual Bonus") under determined by the Company's bonus plan REIT’s Board of Directors, or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined Compensation Committee thereof, in accordance with the terms and conditions of such bonus plan as in effect from time to timeits discretion.

Appears in 1 contract

Samples: Employment Agreement (BioMed Realty Trust Inc)

Annual Bonus. In addition to During the Base SalaryEmployment Period, the Executive shall participate in the Company's annual bonus plans and shall be eligible to earnawarded bonuses thereunder that provide him, for each fiscal on a year-by-year of the Company ending during the Employment Periodbasis, an annual cash performance bonus annual (the "Annual Bonus") under the ). The Company's annual bonus plan or plans applicable shall, as necessary, be amended to senior executives. The amount of the provide that Executive may earn an Annual Bonus and the target performance goals applicable of up to the 1-1/2 times his Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to time.Base Salary; provided, however, that Executive's

Appears in 1 contract

Samples: Employment Agreement (Friede Goldman Halter Inc)

Annual Bonus. In addition to the Base Salary, after the Bank has achieved profitability for a fiscal year, Executive shall will be eligible to earn, for each fiscal year of the Company ending during the Employment Period, receive an annual cash performance bonus annual (the “Annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be ”), determined in accordance with the terms Company’s compensation policies, standards and conditions of such bonus plan procedures, as in effect these may change from time to timetime in Company’s sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Western Alliance Bancorporation)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for For each fiscal year of the Company ending during the Employment PeriodTerm (commencing with fiscal year 2024), an annual Executive shall be eligible to earn a cash performance bonus annual (an “Annual Bonus") under targeted at 100% of Base Salary (the Company's bonus plan or plans applicable to senior executives“Target Bonus”). The actual amount of the Annual Bonus and the target performance goals applicable to the any Annual Bonus shall be determined based upon achievement of specified levels of performance goals set by the Board, in accordance consultation and agreement with Executive, at the terms and conditions beginning of such bonus plan as in effect from time to time.the

Appears in 1 contract

Samples: Employment Agreement (Beauty Health Co)

Annual Bonus. In During the Term, in addition to the Base Annual Salary, the ------------ Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under participate in the Company's annual cash bonus plan or plans applicable program and shall have the opportunity to senior executives. The earn an annual bonus in a target amount of 50% of the Executive's Annual Bonus Salary based on the achievement of certain individual and corporate performance measures, as determined by the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to timeCompensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Efficient Networks Inc)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be eligible entitled to earn, receive an annual bonus (the “Annual Bonus”) for each fiscal calendar year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with NFP’s annual bonus plan applicable to senior executive officers of NFP, and the target Annual Bonus for each year shall be no less than 125% of the Annual Base Salary. The Annual Bonus for each year shall be payable, in cash, at the same time as bonuses are paid to other senior executives of NFP in accordance with the terms and conditions of such the bonus plan as in effect from time to timeplan.

Appears in 1 contract

Samples: Employment Agreement (National Financial Partners Corp)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual (“Annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Atomic Studios, Inc.)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for For each fiscal year of the Company ending completed during the Employment Period, an annual cash performance bonus annual Bonus") under the Executive shall be entitled to participate in the Company's ’s annual incentive cash bonus plan or plans applicable to senior executivesthen in effect (the “Annual Bonus”). The amount of the Executive’s minimum 2007 Annual Bonus and the his target performance goals applicable to the 2008 and 2009 Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to time.Bonuses are set forth on Exhibit A.

Appears in 1 contract

Samples: Employment Agreement (Nuveen Asset Management)

Annual Bonus. In During the Employment Period, in addition to the Base Salary, the Executive shall be eligible to earn, for receive an annual performance-based cash bonus (“Annual Bonus”) of at least 60% of Executive’s Base Salary (the “Target Amount”) with respect to each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined based upon quantitative and qualitative performance goals for the applicable fiscal year. Those goals shall be established by the Committee in its sole discretion in accordance with the Company’s annual bonus plan. The Annual Bonus shall be paid in a cash lump sum in accordance with the terms and conditions of such the Company’s annual bonus plan as in effect from time to timeplan.

Appears in 1 contract

Samples: Employment Agreement (Dolan Media CO)

Annual Bonus. In addition With respect to each of the Base SalaryCompany's fiscal years that end during the Term, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, receive an annual cash performance performance-based bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount in accordance with terms of the Annual Bonus and the target performance goals applicable to Plan. The Executive's annual target-level bonus under the Annual Bonus Plan shall be determined in accordance with the terms and conditions equal to 75% of such bonus plan as in effect from time to timehis Annual Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Dayton Superior Corp)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus plan as in effect from time to time.

Appears in 1 contract

Samples: Employment Agreement (Dna Brands Inc)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an annual cash performance bonus annual (an “Annual Bonus") under determined by the Company's bonus plan REIT’s Board of Directors, or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined Compensation Committee thereof, in accordance with the terms and conditions of such bonus plan as in effect from time to timeits discretion.

Appears in 1 contract

Samples: Employment Agreement (BioMed Realty Trust Inc)

Annual Bonus. In addition to the Base Salary, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, an Executive will be eligible to receive a target annual cash bonus of 110% of Base Salary (“Annual Bonus”). The achievement of a particular bonus amount shall be based on performance bonus annual Bonus") under objectives established by the Board at the time the budget is approved for the applicable fiscal year. The Annual Bonus will be payable during the calendar year that begins immediately following the calendar year for which such Annual Bonus was earned, as soon as reasonably practicable following the completion of the Company's bonus plan or plans applicable to senior executives. The amount of ’s audit for the calendar year for which the Annual Bonus was earned and the target performance goals applicable to the Annual Bonus shall be determined in accordance with payable only if Executive is employed by the terms and conditions Company on the date of such bonus plan as in effect from time to timepayment.

Appears in 1 contract

Samples: Employment Agreement (Metaldyne Performance Group Inc.)

Annual Bonus. In addition to the Base Salary, during each calendar year ending during the Employment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, earn an annual cash performance bonus, with a target bonus annual Bonus") under the Company's amount equal to not less than 75% (and a maximum potential bonus plan or plans applicable amount equal to senior executives. The amount of the Annual Bonus and the target performance goals applicable 150%, subject to the Annual Bonus shall Board’s discretion to exceed such amount in the event of exceptional Company and/or individual performance) of his then annual Base Salary (the “Performance Bonus”), based on attainment of certain performance criteria established by the Board (or a committee thereof). Except as otherwise provided in Section 5, in order to receive payment of any such annual cash performance bonus, the Executive must be determined in accordance with continuously employed by the terms and conditions Company through the date of such bonus plan as in effect from time to timeactual payment.

Appears in 1 contract

Samples: Employment Agreement (Forterra, Inc.)

Annual Bonus. In addition to For each fiscal year ending during the Base SalaryEmployment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, receive an annual cash performance bonus (the "Annual Bonus"), based upon the terms and conditions of an annual bonus program to be established by the Compensation Committee. Any such annual bonus program shall provide that the Executive's annual bonus opportunity ("Target Annual Bonus") under shall be at least equal to 90% of the CompanyExecutive's bonus plan or plans applicable to senior executives. The Annual Base Salary, with the actual amount of the Annual Bonus determined based on actual performance and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such the annual bonus plan as in effect from time to timeprogram.

Appears in 1 contract

Samples: Employment Agreement (Maxxim Medical Inc/Tx)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be eligible entitled to earnparticipate, for with respect to each fiscal year of the Company ending during the Employment Period, an in the annual cash performance bonus annual plan (the “Annual Bonus") under applicable generally to senior executive officers of the Company's , with a target annual bonus plan or plans applicable to senior executives(the “Target Bonus”) of no less than 100% of Executive’s Annual Base Salary. The amount of the Annual Bonus and the target performance goals applicable to the Each such Annual Bonus shall be determined in accordance with paid no later than the terms and conditions date when annual bonuses are paid to other senior executive officers of the Company, unless the Executive shall elect to defer the receipt of such bonus plan as in effect from time to timeAnnual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Molson Coors Brewing Co)

Annual Bonus. In addition With respect to each fiscal year ending during the Base SalaryEmployment Period, the Executive shall be eligible to earn, for each fiscal year receive an annual bonus (“Annual Bonus”) determined and paid at the sole discretion of the Company ending during the Employment Period, an annual cash performance bonus annual Bonus") under the Company's bonus plan or plans applicable pursuant to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such bonus the Management Performance Incentive Plan (or any successor plan as in effect from time to timethereto).

Appears in 1 contract

Samples: Employment Agreement (South Financial Group Inc)

Annual Bonus. In addition to the Base Salary, during each calendar year ending during the Employment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, earn an annual cash performance bonus, with a target bonus amount equal to not less than 75% (and a maximum potential bonus amount equal to 150%, subject to the Board's discretion to exceed such amount in the event of exceptional Company and/or individual performance) of her then annual Base Salary (the "Performance Bonus") under ), based on attainment of certain performance criteria established by the Company's bonus plan Board (or plans applicable a committee thereof). Except as otherwise provided in Section 5, in order to senior executives. The amount receive payment of any such annual cash performance bonus, the Annual Bonus and Executive must be continuously employed by the target performance goals applicable to Company through the Annual Bonus shall be determined in accordance with the terms and conditions date of such bonus plan as in effect from time to timeactual payment.

Appears in 1 contract

Samples: Employment Agreement (Forterra, Inc.)

Annual Bonus. In addition to the Base Salary, during each calendar year ending during the Employment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, earn an annual cash performance bonus, with a target bonus amount equal to not less than 75% (and a maximum potential bonus amount equal to 150%, subject to the Board's discretion to exceed such amount in the event of exceptional Company and/or individual performance) of his then annual Base Salary (the "Performance Bonus") under ), based on attainment of certain performance criteria established by the Company's bonus plan Board (or plans applicable a committee thereof). Except as otherwise provided in Section 5, in order to senior executives. The amount receive payment of any such annual cash performance bonus, the Annual Bonus and Executive must be continuously employed by the target performance goals applicable to Company through the Annual Bonus shall be determined in accordance with the terms and conditions date of such bonus plan as in effect from time to timeactual payment.

Appears in 1 contract

Samples: Employment Agreement (Forterra, Inc.)

Annual Bonus. In addition With respect to each of the Base SalaryCompany's fiscal years that end during the Term, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, receive an annual cash performance performance-based bonus annual Bonus") under the Company's bonus plan or plans applicable to senior executives. The amount of the Annual Bonus and the target performance goals applicable to the Annual Bonus shall be determined in accordance with the terms and conditions of such the Annual Bonus Plan. The Executive's annual target-level bonus plan as in effect from time under the Annual Bonus Plan shall be equal to time100% of his Annual Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Dayton Superior Corp)

Annual Bonus. In addition to the Base Salary, during each calendar year ending during the Employment Period, the Executive shall be eligible to earn, for each fiscal year of the Company ending during the Employment Period, earn an annual cash performance bonus, with a target bonus annual Bonus") under the Company's amount equal to not less than 100% (and a maximum potential bonus plan or plans applicable amount equal to senior executives. The amount of the Annual Bonus and the target performance goals applicable 200%, subject to the Annual Bonus shall Board’s discretion to exceed such amount in the event of exceptional Company and/or individual performance) of his then annual Base Salary (the “Performance Bonus”), based on attainment of certain performance criteria established by the Board (or a committee thereof). Except as otherwise provided in Section 5, in order to receive payment of any such annual cash performance bonus, the Executive must be determined in accordance with continuously employed by the terms and conditions Company through the date of such bonus plan as in effect from time to timeactual payment.

Appears in 1 contract

Samples: Employment Agreement (Forterra, Inc.)

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