Bonus. Bonus means an amount equal to the average of the bonuses awarded to Executive for each of the three (3) fiscal years prior to the date of termination, or such lesser number of years as may be applicable if Executive has not been employed for three (3) full years on the date of termination. For purposes of determining Executives Bonus, to the extent Executive received no bonus in a year due to a failure to meet the applicable performance objectives, such year will still be taken into account (using zero (0) as the applicable bonus) in determining Executives Bonus for purposes of Section 4. If any portion of the bonuses awarded to Executive consisted of securities or other property, the fair market value thereof shall be determined in good faith by the Board.
Bonus. In addition to the Base Salary, the Company may pay Executive an annual bonus (the Bonus) as determined by the Board, solely in its discretion (it being understood that Executives target annual bonus shall be at 40% of Base Salary, but may be higher or lower in any year in the Boards discretion). The Boards decision to issue a Bonus to Executive in any particular year shall have no effect on the absolute discretion of the Board to grant or not to grant a Bonus in subsequent years. Any Bonus for a particular year shall be paid or provided to Executive in a lump sum no later than March 15th of the calendar year following the calendar year in which the Bonus was earned.
Bonus. Executive shall be entitled to participate in an annual incentive bonus program applicable to other most senior executives of the Post-Transaction Corporation and its Affiliates but in no event shall such program provide the Executive with incentive opportunities less favorable than the most favorable of those provided by the Company and its Affiliates for the Executive under the Company's annual cash plan as in effect for Executive at any time during the 120-day period immediately preceding the Change of Control or, if more favorable to the Executive, those provided generally at any time after the Change of Control to other most senior executives of the Post-Transaction Corporation and its Affiliates. Any such bonus shall be paid in cash no later than two and a half months following the close of the fiscal year for which it is earned.
Bonus. The Company shall pay the Executive an annual bonus for the fiscal year of the Company in which the date of the Executives termination of employment occurs, which shall be prorated for the portion of such fiscal year that the Executive is employed by the Company. The amount of such annual bonus, prior to proration, shall be equal to the annual bonus that the Executive would have earned under the Companys bonus plan for the fiscal year of the Company in which the Executives termination of employment occurs had the Executive remained in its employment, contingent on the relevant annual bonus plan performance goals for the year in which Executive terminates having been obtained. However, in no case shall any such post-termination annual bonus exceed 100% of the Executive's target bonus for the fiscal year of the Company in which the Executive's termination of employment occurs. Such bonus shall not be paid until due under the applicable Company bonus plan.
Bonus. During the Term of this Agreement, the Company may pay to the Executive such bonus payments, if any, as may be determined by the Board in its sole discretion, based upon the Executives performance and other criteria as may be established by the Board from time to time.
Bonus. For each fiscal year during the Term, the Executive shall be eligible to participate in the Companys annual cash bonus plan in accordance with terms and provisions which shall be consistent with the Companys executive bonus policy in effect as of the Effective Date.
Bonus. Employee shall be eligible for (a) an annual performance bonus of up to 150% of his Base Salary, which bonus shall be payable in cash; and (b) an annual performance bonus in an amount determined in the discretion of both the Compensation Committee and the Board of Directors of the Company, which bonus shall be payable in equity. Any bonus that may be awarded will be in the sole and absolute discretion of both the Compensation Committee and the Board of Directors of the Company. The amount of any such bonus shall depend on the achievement by the Employee and/or the Company of certain objectives to be established by the Board of Directors in consultation with the Employee, along with such other factors the Board of Directors and Compensation Committee deem relevant. Any such bonus for a given fiscal year shall be payable in no more than two payments (i.e., one payment in cash and one payable in equity) upon approval by the Board of Directors of the Company or the Compensation Committee, which shall be obtained at the same time as the bonuses paid to other executive officers of the Company.
Bonus. You will be entitled to receive an annual cash bonus (your Bonus) for each fiscal year of the Company ending during your employment. The amount of your Bonus will be determined by the Company in accordance with your Schedule, and it will be paid in accordance with the Groups practices for similarly situated executives of the Group.
Bonus. Executive will be eligible to receive an annual bonus with a target payout up to 150% of the Base Salary (the "Target Bonus"), subject to achieving Company and individual performance goals established by the Compensation Committee in consultation with the Executive. The Compensation Committee shall have the sole discretion to determine whether Executive is entitled to any such bonus and to determine the amount of any such bonus. Such bonus will be pro-rated for partial year of service.
Bonus. During the Term, Executive will be eligible to participate in an annual incentive program established by the Board. Executives annual incentive compensation under such incentive program (the Annual Bonus) shall be targeted at 35% of Executives Annual Base Salary (the Target Bonus). The Annual Bonus payable under the incentive program shall be based on the achievement of performance goals to be determined by the Board. The payment of any Annual Bonus pursuant to the incentive program will be made on or before March 15 of the year following the year in which such Annual Bonus is earned.