Common use of Annual Incentive Bonus Clause in Contracts

Annual Incentive Bonus. During the Term, Employee shall be eligible to participate in the Annual CEO Direct Reports Bonus Plan, with a target bonus of 50% of Employee’s annual Base Salary. A bonus, if earned, shall be payable as soon as reasonably practical following the completion of the applicable fiscal year. Bonuses for Employee shall be based on the achievement of such Company, departmental and/or individual performance goals that may be established for the applicable bonus year by the Compensation Committee.

Appears in 8 contracts

Samples: Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc)

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Annual Incentive Bonus. During the Term, Employee shall be eligible to participate in the Annual CEO Direct Reports Bonus Plan, with a target bonus of 50% of Employee’s 's annual Base Salary. A bonus, if earned, shall be payable as soon as reasonably practical following the completion of the applicable fiscal bonus year. Bonuses for Employee shall be based on the achievement of such Company, departmental and/or individual performance goals that may be established for the applicable bonus year by the Compensation Committee.

Appears in 5 contracts

Samples: Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc)

Annual Incentive Bonus. During the Term, Employee shall be eligible to participate in the Annual CEO Direct Reports Bonus Plan, with a target bonus of 50% of Employee’s 's annual Base SalarySalary prorated for fiscal 2004 based on Employee's start date. A bonus, if earned, shall be payable as soon as reasonably practical following the completion of the applicable fiscal year. Bonuses for Employee shall be based on the achievement of such Company, departmental and/or individual performance goals that may be established for the applicable bonus year by the Compensation Committee.

Appears in 3 contracts

Samples: Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc), Employment Agreement (Cyberonics Inc)

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Annual Incentive Bonus. During the TermBeginning with fiscal year 2004, Employee shall be eligible to participate in the Annual CEO Direct Reports Bonus Plan, with a target bonus of 50% of Employee’s 's annual Base Salarybase pay. A bonus, if earned, shall be payable as soon as reasonably practical following the completion of the applicable fiscal bonus year. Bonuses for Employee shall be based on the achievement of such Company, departmental and/or individual performance goals that may be established for the applicable bonus year by the Compensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Cyberonics Inc)

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