Annual Incentive Opportunity. During the term of this Agreement, the Employee shall participate in the annual incentive plan maintained by the Company for its executives. 2 4.3.
Annual Incentive Opportunity. During the term of this Agreement, the Executive shall participate in the annual incentive plan maintained by the Company for its executives. The Executive's annual bonus under the incentive compensation plan shall be targeted at one hundred percent (100%) of the Executive's Base Annual Salary (with a maximum bonus of two hundred percent (200%) of the Executive's Base Annual Salary), subject to satisfaction of annual milestones reasonably established by the Compensation Committee of the Board of Directors of the Company. Annual milestone objectives for the years ending May 31, 1999, and May 31, 2000, shall be established within ninety (90) days from the date hereof.
Annual Incentive Opportunity. During the Term, the Employee shall have an annual incentive opportunity, under the Company’s annual incentive plan in effect from time to time for its senior executive officers, based on a target incentive opportunity of, beginning in fiscal year 2020, at least 125% of the Employee’s Base Salary (“Target Bonus”) and a maximum incentive opportunity of not less than 200% of the Employee’s Target Bonus, subject to the attainment of one or more pre-established performance goals established by the Board (or a committee thereof) in its sole discretion. Any annual incentive payable hereunder shall be paid in cash in United States dollars the calendar year following the calendar year to which such incentive relates at the same time as annual incentive payments for such year are paid to other senior executives, subject to the Employee’s continued employment at the time of payment, except as otherwise set forth herein. 5.
Annual Incentive Opportunity. You shall be eligible to participate in any bonus plan which the Company may maintain or establish for the executives of the Company on the terms that apply to the executives of the Company. Until the Company establishes such a plan, it shall provide you with an individual annual incentive opportunity under which you would be eligible to receive an annual target bonus based on the achievement of individual and/or corporate objectives set by the Compensation Committee of the Board. Such annual target bonus shall be set at One Hundred percent (100%) of your annual base salary provided the Company is EBITDA positive, and an additional ten percent of your annual base salary (10%) for every $1 million over $1 million in EBITDA . The incentive payment shall be in cash.
Annual Incentive Opportunity. During the term of this Agreement, the Executive shall participate in the annual incentive plan maintained by the Company for its executives. The Executive's annual bonus under the incentive compensation plan shall be targeted at fifty percent (50%) of the Executive's Base Annual Salary (with a maximum bonus of one hundred percent (100%) of the Executive's Base Annual Salary), subject to satisfaction of annual milestones reasonably established by the Compensation Committee of the Board of Directors of the Company.
Annual Incentive Opportunity. During the Term, Executive shall continue to participate in the Company’s Executive Management Incentive Plan (or such successor annual incentive program), pursuant to the terms of such plan. Executive’s target annual incentive opportunity for the Company’s 2024 fiscal year shall be $2,500,000. For purposes of clarity, Executive may receive annual incentive compensation amounts that are either greater or less than the target annual incentive opportunity based on actual performance.
Annual Incentive Opportunity. You shall be eligible to participate in any bonus plan that the Company may maintain or establish for the executives of the Company on the terms that apply to the executives of the Company. Such annual target bonus shall be set at forty percent (40%) of your annual base salary in effect during the year for which the bonus is applicable, based on the attainment of your personal performance criteria and the Company’s attainment of its business and financial performance criteria, in each case established and evaluated by the Company in its sole discretion, provided, that your actual bonus for any year may equal less than 40% of your base salary (and may equal zero), depending upon whether and to what extent such criteria are attained. Incentive bonuses shall be pro-rated for any partial year of service. Payment of any incentive bonus(es), to the extent any such incentive bonus(es) become payable, will be contingent upon your continued employment through the date on which such payments are paid generally under the applicable bonus plan. But if your employment is terminated by the Company without Cause or by you for Good Reason (both as defined below) before the Company pays incentive bonuses generally to its employees in respect of service during calendar year 2010, you will nonetheless be entitled to receive a prorated incentive bonus payment paid at the same time as the Company pays incentive bonuses generally, subject to adjustment (either upwards or downwards, as applicable) to the same extent as the bonus pool for the Company’s executive employees is adjusted generally. The incentive payment(s) shall be paid in cash or such other form agreed upon by you and the Compensation Committee of the Board or the Board.
Annual Incentive Opportunity. You shall be eligible to participate in any bonus plan which the Company may maintain or establish for the executives of the Company on the terms that apply to the executives of the Company. Until the Company establishes such a plan, it shall provide you with an individual annual incentive opportunity under which you would be eligible to receive an annual target bonus based on the achievement of individual and/or corporate objectives set by the Compensation Committee of the Board and/or the Board. Such annual target bonus shall be set at seventy-five percent (75%) of your annual base salary with the bonus target for Fiscal Year 1 (beginning April 1, 2004) to be set by the Compensation Committee of the Board and/or the Board in consultation with you and shall be based upon the achievement of quarterly and annual EBITDA milestones, subject to the discretion of the Board to award the bonus or a portion thereof in the event such milestones are not attained. The incentive payment shall be in cash or such other form agreed upon by you and the Compensation Committee of the Board or the Board.
Annual Incentive Opportunity. For fiscal year 2005 (ending March 31, 2005), you will be eligible to receive a cash bonus equal to (i) one-quarter of the percentage of annual base salary used in the calculation of bonuses payable to executives under the Company’s fiscal year 2005 senior executive compensation plan (the “FY05 Comp Plan”), multiplied by (ii) $225,000, which amount, if any, shall be paid in accordance with the provisions of the FY05 Comp Plan. You shall thereafter be eligible to participate in any annual bonus or incentive plan which the Board of Directors of the Company may, in its discretion, maintain or establish for the senior executives of the Company; provided, however, that for the Company’s 2006 fiscal year only, your annual bonus shall be at least $67,500.
Annual Incentive Opportunity. You will be eligible to ---------------------------- participate in the Bank's Officer Incentive Plan during 1998, with a target incentive opportunity of $100,000, and the opportunity to earn up to 150% of such target incentive based on extraordinary performance. The final determination of the incentive to be paid to you shall be made in the discretion of the Bank's Board of Directors.
