Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.
Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the greatest of: (a) 100% of the annual bonus payable to the Executive under the Company's Executive Management Bonus Plan for the fiscal year in which the Termination Date occurs; (b) the annual bonus paid or payable to the Executive under the Company's Executive Management Bonus Plan for the full fiscal year ended prior to the fiscal year during which the Termination Date occurred; (c) the annual bonus paid or payable to the Executive under the Company's Executive Management Bonus Plan for the full fiscal year ended prior to the fiscal year during which a Change in Control occurred; (d) the average of the annual bonuses paid or payable to the Executive under the Company's Executive Management Bonus Plan during the three full fiscal years ended prior to the fiscal year during which the Termination Date occurred; or (e) the average of the annual bonuses paid or payable to the Executive under the Company's Executive Management Bonus Plan during the three (3) full fiscal years ended prior to the fiscal year during which the Change in Control occurred.
Bonus Amount. In order to provide performance-based incentive compensation to the Executive, the Corporation hereby agrees to pay the Executive, in addition to the Base Salary set forth in Section 3 hereof, a minimum cash bonus in respect of each fiscal year during the Executive's employment hereunder (the "Bonus") equal to the Applicable Percentage (as defined below) of the Net Pre-Tax Income (as defined below) of the Corporation. For purposes hereof, the Applicable Percentage shall equal (a) 2.0% if the Net Pre-Tax Income of the Corporation is at least $500,000, but less than $1,500,000 (b) 2.25% if the Net Pre-Tax Income of the Corporation is at least $1,500,000 but less than $ 3,000,000 and (c) 2.5% if the Net Pre-Tax Income of the Corporation is at least $ 3,000,000.
Bonus Amount. The term “Bonus Amount” means twice the amount of the higher of (i) the highest annual bonus earned by Employee for the last three fiscal years ending prior to the termination date, and (ii) (A) the target bonus percentage as established by the Company’s Board of Directors for the fiscal year in which the Change of Control occurs, multiplied by (B) Employee’s annual base salary for that fiscal year (whether or not paid or accrued for the full year at the time of Employee’s termination or resignation).
Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the annual average of the cash and fair market value (when paid or awarded and calculated without regard to any vesting requirement) of stock or other property paid to the Executive (including amounts that would have been paid if they had not been deferred) under the Company's annual incentive bonus plan for the three years immediately preceding the year in which the Executive's employment terminates (disregarding for these purposes any year during such 3 year period that Executive did not work a full year), or for such shorter period that the Executive has been employed by the Company. If the Executive's employment is terminated in the Executive's first year of employment, "Bonus Amount" shall mean 100% of the target bonus that the Executive would have been eligible to receive for such year.
Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the Executive's highest annual bonus earned (whether paid or unpaid) during any one of the last five fiscal years that ended prior to the Change in Control (or, in each case, such lesser period for which annual bonuses were paid or payable to the Executive).
Bonus Amount. For purposes of this Agreement, "BONUS AMOUNT" shall mean the target annual bonus payable to the Executive in respect of the fiscal year during which the Termination Date occurs.
Bonus Amount. The bonus shall be 15% of Adjusted Special Project Net Profits and 15% of Future Royalty Revenue.
Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean 100% of the annual bonus payable to the Employee under any bonus program applicable to Employee for the fiscal year in which the Termination Date occurs.
Bonus Amount. “Bonus Amount” shall mean the average of actual annual bonuses payable to Executive with respect to the two fiscal years immediately preceding the year which the Executive’s employment terminates (or, if Executive was an employee for less than two full fiscal years preceding such termination, Executive’s actual annual bonus for the fiscal year preceding the year of termination); provided, however, in the event Section 4(c) applies, the Bonus Amount shall be the Executive’s target bonus for the year in which the Change in Control occurs.
