Common use of Annual Target Bonus Clause in Contracts

Annual Target Bonus. For each fiscal year of the Employer in effect during the Employment Term, the Employee shall be eligible to receive a cash bonus of up to 50% of his Base Salary (the "Target Bonus") upon the attainment of performance goals set in advance by the CEO and Board. All such bonuses shall be paid after the completion of the Employer's financial statements for the applicable fiscal year as and when bonuses are paid to members of senior management generally.

Appears in 2 contracts

Samples: Employment Agreement (Ipc Acquisition Corp), Employment Agreement (Ipc Acquisition Corp)

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Annual Target Bonus. For each fiscal year of the Employer in effect during the Employment Term, the Employee shall be eligible to receive a cash bonus of up to 50% of his Base Salary (the "Target Bonus") upon the attainment of performance goals set in advance by the CEO and Board. All such bonuses shall be paid after the completion of the Employer's ’s financial statements for the applicable fiscal year as and when bonuses are paid to members of senior management generally.

Appears in 1 contract

Samples: Employment Agreement (IPC Systems Holdings Corp.)

Annual Target Bonus. For each fiscal year of the Employer in effect during the Employment TermTerm in which Employee remains employed by Employer on the last day of such fiscal year, the Employee shall be eligible to receive a cash bonus of up to 5075% of his Base Salary (the "Target Bonus") upon the attainment of performance goals set in advance by the CEO and the Board. All such bonuses shall be paid after the completion of the Employer's ’s financial statements for the applicable fiscal year as and when bonuses are paid to members of senior management generally.

Appears in 1 contract

Samples: Employment Agreement (IPC Systems Holdings Corp.)

Annual Target Bonus. For each fiscal year of the Employer in effect during the Employment Term, the Employee shall be eligible to receive a cash bonus of up to 50% of his Base Salary (the "Target Bonus") upon the attainment of performance goals set in advance by mutual agreement between the CEO Board (or compensation committee of the Board, if applicable) and Boardthe Employee. Any such bonus shall be pro-rated for any partial fiscal year during the Employment Term. All such bonuses shall be paid after the completion of the Employer's ’s financial statements for the applicable fiscal year as and when bonuses are paid to members of senior management generally.

Appears in 1 contract

Samples: Employment Agreement (Ipc Acquisition Corp)

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Annual Target Bonus. For each fiscal year of the Employer in effect during the Employment Term, the Employee shall be eligible to receive a cash bonus of up to 5060% of his Base Salary (the "Target Bonus") upon the attainment of performance goals set in advance by the CEO and the Board. All such bonuses shall be paid after the completion of the Employer's ’s financial statements for the applicable fiscal year as and when bonuses are paid to members of senior management generally.

Appears in 1 contract

Samples: Employment Agreement (IPC Systems Holdings Corp.)

Annual Target Bonus. For each fiscal year of the Employer in effect during During the Employment Term, the Employee shall you will be eligible to receive an annual cash bonus, with a cash bonus target range of up 0% to 50200% of his Base Salary (the "“Annual Target Bonus") upon ”), based on the attainment achievement of certain annual performance objectives and goals set in advance by the CEO and Board. All such bonuses shall be paid after the completion of the Employer's financial statements for the applicable fiscal year as and when bonuses are paid to members of senior management generally(“Performance Metrics”).

Appears in 1 contract

Samples: Executive Employment Agreement (Carbonite Inc)

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