Bonus Compensation Clause Samples

Bonus Compensation. The Compensation Committee shall review Executive's performance at least annually during each year of the Original Employment Term and during any periods of automatic extension of this Agreement pursuant to Section 2.2 and cause the Company to award Executive a cash bonus which the Compensation Committee shall reasonably determine as fairly compensating and rewarding Executive for services rendered to the Company and/or as an incentive for continued service to the Company. The amount of such cash bonus shall be determined in the sole and absolute discretion of the Compensation Committee and shall be dependent on, among other things, the achievement of certain performance levels by the Company, including, without limitation, growth in funds from operations, and Executive's performance and contribution to increasing the funds from operations.

Bonus Compensation. Executive is eligible to participate in the executive bonus plan as determined by the boards of directors of the Company and Research Solutions.

Bonus Compensation. (i) In addition to the Annual Base Salary, for each fiscal year, or portion thereof, during the Term, the Executive shall be eligible to participate in the Company’s management incentive plan (or any successor incentive plan adopted by the Board) pursuant to which Executive may be paid a target amount of 40% of his Annual Base Salary except as the parties may have agreed otherwise in writing. The Executive’s bonus will be based upon performance measured against mutually agreed upon goals to be established as soon as practicable after the date hereof. In the discretion of management, Executive shall be eligible to receive incentive units pursuant to the terms of the Amended and Restated Limited Liability Company Agreement of STR Holdings LLC (the “LLC Agreement”). (ii) In accordance with Section 2.9 of the Amended and Restated Merger Agreement, dated June 15, 2007, by and among the Company, STR Holdings LLC and STR Acquisition, Inc. (the “Merger Agreement”) and in consideration of the Executive’s desire to “rollover” options exercisable for 40,000 shares of the Company at an exercise price of $3.25 per share for options of an equivalent value in the Surviving Corporation (as defined in the Merger Agreement), which rollover could not be accommodated due to structural restrictions, the Company shall pay the Executive a bonus equal to the lesser of (A) an amount equal to the product of (i) 40,000 and (ii) the excess of the Per Share Merger Consideration (as defined in the Merger Agreement) over $3.25 (the “Aggregate Spread”) and (B) and the “fair market value” of that number of Class A Units of STR Holdings, LLC equal to the quotient achieved by dividing the Aggregate Spread by $10.00 (the “Bonus Amount”). For purposes hereof “fair market value” shall mean Repurchase Fair Market Value as set forth in the Amended and Restated Limited Liability Company Agreement of STR Holdings, LLC, as it may be further amended and restated. The Bonus Amount shall be calculated on the Payment Date (as defined below). (iii) Upon the earlier to occur of December 31, 2015, a Sale of the Company or termination of the Executive’s employment for any reason (in each case, the “Payment Date”), the Bonus Amount shall be distributed to the Executive and paid in a lump sum, without interest, as soon as administratively possible but not later than 60 days following such Payment Date. (iv) The Executive may from time to time designate one or more persons (who may be any one or more members ...

Bonus Compensation. During the Initial Term and any Renewal Term, the Company shall pay you annual bonus compensation, as determined by the Compensation Committee, with an annual target amount of not less than 150% of your Annual Base Salary, which shall be paid in accordance with and subject to the terms and conditions of the Company’s Executive Performance Plan (as may be amended from time to time and attached hereto as Exhibit A and incorporated herein by reference) or such other incentive or compensation plan or arrangement specified by the Compensation Committee.

Bonus Compensation. In addition to Base Salary, Employee shall be entitled to receive bonus compensation as determined by the Compensation Committee or the Board of Directors (the "BONUS COMPENSATION").

Bonus Compensation. Executive shall be eligible to participate in any cash bonus compensation program available to full time officers of Company and eligible to receive an annual cash bonus during the Term on the same basis and under substantially the same terms as such similarly situated employees. The bonus award of Executive shall be established from time to time by Company, in its sole and unfettered discretion.

Bonus Compensation. Employee shall receive bonus compensation (“Bonus Compensation”) in accordance with paragraph (i) of this Section 4(b); provided, however, that if at any time the Management Bonus (as hereinafter defined) is not in effect, Employee shall receive bonus compensation in accordance with paragraph (ii) of this Section 4(b). Employee shall not be entitled to participate in any incentive bonus program for non-management level employees during the time the Management Bonus is in effect.

Bonus Compensation. Upon each anniversary of this Agreement, the Company’s Board of Directors shall determine whether a bonus for the Employee is appropriate.

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.