ANNUAL VARIABLE COMPENSATION Sample Clauses

ANNUAL VARIABLE COMPENSATION. In addition to the Executive’s Annual Base Salary, the Executive shall be entitled to earn a variable pay (the “Variable Compensation”) which shall be based upon performance goals established by the CEO from time to time and set forth in a separate document. Any changes respecting the amount or other terms of the Variable Compensation payable to the Executive must be approved by the CEO. The Variable Compensation target at 100% achievement shall be in accordance with Schedule “A” subject to the provisions of Section 7.
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ANNUAL VARIABLE COMPENSATION. Employee is eligible for an annual regional sales performance incentive bonus of up to $300,000.00 per year based on sales-related objectives to be determined in the reasonable discretion of Company (the “Commission Bonus”) and subject to the applicable commissions plan. If the Commission Bonus is earned, it will be paid at the same time as the Annual Corporate Bonus which follows year-end financial reconciliations in Q1 of the following calendar year. For the 2019 year, the Commission Bonus will not be prorated.
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ANNUAL VARIABLE COMPENSATION. In addition to the Executive’s Annual Base Salary, the Executive may be awarded an additional bonus (the “Variable Compensation”), which shall be based upon performance goals approved by the CEO (and the Compensation Committee, as may be required) from time to time and set forth in a separate document. Any changes respecting the amount or other terms of the Variable Compensation payable to the Executive must be approved by the CEO (and if required, the Board of Directors). The Variable Compensation target at 100% shall be in accordance with Schedule “A” subject to the provisions of Section 7.
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ANNUAL VARIABLE COMPENSATION. Executive will be paid a prorated portion of annual variable compensation for the year in which Termination Date occurs, based on projected results as of Termination Date; such amount will be payable in the next calendar year when such payments are normally made, not later than two and one half months after the end of the year in which the Termination Date occurs.
Sample 1
ANNUAL VARIABLE COMPENSATION. Fielding shall be eligible for annual variable compensation for each full fiscal year during which he is employed. Such annual variable compensation shall be based on the pre-tax earnings of Foods to the extent such earnings exceed an applicable "base level" of earnings. Such "base level" shall be as set forth below, but in each year shall be subject to adjustment based on: (a) annual Capital Expenditures above or below the level of annual depreciation of Foods' assets (the adjustment shall provide Farmland a rate of return on such invested capital based on its assumed cost of capital - 14%); (b) significant events outside the contemplation of the Business Plan such as material acquisitions and other extraordinary events or circumstances; and (c) any other equitable factors as agreed to by the parties. The base level for FY 2001 (the "FY 2001 Base Level"), before adjustments, shall be the average annual pre-tax earnings of Farmland Foods for FY 1998, FY 1999 and FY 2000. The base level for FY 2002 (the "FY 2002 Base Level"), before adjustments, shall be the FY 2001 Base Level, as adjusted, plus $15 million. The base level for FY 2003 (the "FY 2003 Base Level"), before adjustments, shall be the FY 2002 Base Level, as adjusted, plus $15 million. The base level for FY 2004 (the "FY 2004 Base Level"), before adjustments, shall be the FY 2003 Base Level, as adjusted, plus $10 million. For each fiscal year, Fielding shall be eligible for an annual variable compensation payment equal to 10% of Foods' pre-tax earnings to the extent such earnings exceed the applicable Base Level, but subject to a cap (the "Earnings Cap") on the amount of such excess pre-tax earnings which shall be considered. (The applicable Earnings Cap on Foods' excess pre-tax earnings shall be as follows: FY 2001 - $15 million FY 2002 - $15 million FY 2003 - $10 million FY 2004 - $10 million Thus, in FY 2001, Fielding could earn up to $1.5 million in annual variable compensation ($15 million x 10%).(For example, if Foods pre-tax earnings in FY 2001 exceed the Base Level by $5.0 million, Fielding would be entitled to a variable compensation payment of $500,000.) To the extent that Foods' pre-tax earnings in any given year either exceeds the sum of the applicable Base Level plus the applicable Earnings Cap or falls below the applicable Base Level, a debit or credit balance will be recognized. In determining the following year's Annual Variable Compensation, said balance will be added to, or subtra...
Sample 1
ANNUAL VARIABLE COMPENSATION. The company will agree with the Employee on quarterly targets and goals that are agreed to at the beginning of each calendar year and subject to quarterly review and which may be based on sales of the Company’s products and/or services, orders, revenues, deferred revenue, profits, margin, procedures performed, number of units sold, or any other sales, revenue or profit-based metrics. Employee’s annual variable compensation opportunity may be expressed as a percentage of one or more of the foregoing metrics (with or without any threshold or maximum), in relation to increases in one or more of the foregoing metrics and/or as a bonus if a stated goal is achieved. If no agreement can be reached on objectives the employer shall decide as appears just to him. The respective written agreement in force on the objectives forms part of the contract of employment. If an employee’s employment is terminated during the calendar year the bonus payment is payable pro rata temporis. In the event of an unjustified termination of employment on the part of the employee or a dismissal without notice any bonus payment is forfeited. The bonus payment shall be reduced proportionally for times the employer is released from his obligation to pay remuneration, e.g. due to permanent disability or suspension of the employment relationship. As far as the employer effects deductions they shall be offset against bonus payment. For excess payments the employer is granted a contractual claim to repayment covering the amount overpaid. * * * * * Except as expressly set forth above, the Employment Agreement will remain in effect without change. You may indicate your agreement with this amendment of the Employment Agreement by signing and dating the enclosed duplicate original of this letter agreement and returning it to me. This letter agreement may be executed in two counterparts, each of which will be deemed an original, but both of which together will constitute one and the same instrument. Very truly yours, Xxxxxx Medical Deutschland GmbH By: /s/ Xxxxx Xxxxxxx Title: Interim CFO Xxxxxx Medical Inc. Parent Company to Xxxxxx Medical Deutschland GmbH (A Wholly Owned Subsidiary) Accepted and agreed to: /s/ Xx. Xxxxxx X. Peplinski Xx. Xxxxxx X. Peplinksi
Sample 1
ANNUAL VARIABLE COMPENSATION. Executive shall be eligible to receive variable compensation annually with respect to each calendar year of employment with Company (the “Annual Variable Compensation”). Executive’s target Annual Variable Compensation shall be established in the Executive’s Commission Plan for the applicable calendar year and based upon the achievement of mutually agreed performance criteria set forth therein. The Annual Variable Compensation amount for any calendar year shall be subject to change at the Company’s discretion and upon written notice to Executive. The Annual Variable Compensation amount, if any, shall be paid no later than March 15th of the calendar year following the calendar year to which such amount relates (the “Payment Date”). Executive must be employed by Company on the Payment Date in order to be eligible to receive the Annual Variable Compensation.
Sample 1
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ANNUAL VARIABLE COMPENSATION. In addition to the Executive’s Annual Base Salary, the Executive may be awarded an additional bonus (the “Variable Compensation”), which shall be based upon performance goals approved by the Board of Directors (and the Compensation Committee, as may be required) from time to time. Any changes respecting the amount or other terms of the Variable Compensation payable to the Executive must be approved by the Board of Directors. As of the date of this Agreement, the Variable Compensation target is US$625,000 per annum, which shall be pro rata for the current fiscal period ending June 30, 2012.
Sample 1

Related to ANNUAL VARIABLE COMPENSATION

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Callout Compensation A regular employee who is called back to work outside their regular working hours shall be compensated for a minimum of three hours at overtime rates. They shall be compensated from the time they leave their home to report for duty until the time they arrive back upon proceeding directly to and from work.

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Annual Vacation Employee shall be entitled to twenty (20) business days of paid vacation during each year of this Agreement. Employee may be absent from his employment for vacation at such times as are pre-approved by the Employer’s Chief Executive Officer. Unused vacation shall not be carried over into the next year, and will not be paid in the form of cash.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

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