Bonus for Free Cash Flow Performance Sample Clauses

Bonus for Free Cash Flow Performance. Until changed by written agreement of Company and Employee, Employee’s FCF Bonus Compensation for achievement of Free Cash Flow performance objectives shall be earned based upon the amount of Free Cash Flow for such fiscal year, as follows: Amount of Free Cash Flow for Fiscal Year Percentage of FCF Target Bonus Payout Earned Less than 90% of FCF Performance Target 0% of FCF Target Bonus Payout 90.0% to 94.99% of FCF Performance Target 50% to 74.99% of FCF Target Bonus Payout 95.0% to 99.99% of FCF Performance Target 75% to 99.99% of FCF Target Bonus Payout 100.0% to 104.99% of FCF Performance Target 100% to 124.99% of FCF Target Bonus Payout 105.0% and greater of FCF Performance Target 125% of FCF Target Bonus Payout The amount of bonus earned shall be determined based upon the amount of Free Cash Flow within a specific range, and the amount of such bonus shall be determined by interpolation on a straight-line basis within the applicable range. For purposes of illustration only, the following are examples of computation of FCF Bonus Compensation earned based upon Free Cash Flow performance: (i) if Free Cash Flow for a fiscal year is 86% of the FCF Performance Target, no bonus will be earned for Free Cash Flow performance, (ii) if Free Cash Flow for a fiscal year is 96% of the FCF Performance Target, the bonus earned for Free Cash Flow performance will be 80% of the FCF Target Bonus Payout (or .80 x 20% of Base Salary, or 16.0% of Base Salary), (iii) if Free Cash Flow for a fiscal year is 98% of the FCF Performance Target, the bonus earned for Free Cash Flow performance will be 90% of the FCF Target Bonus Payout (or .90 x 20% of Base Salary, or 18.0% of Base Salary), (iv) if Free Cash Flow for a fiscal year is 104% of the FCF Performance Target, the bonus earned will be 120% of the FCF Target Bonus Payout (or 1.20 x 20% of Base Salary or 24.0% of Base Salary) and (v) if Free Cash Flow for a fiscal year is 108% of the FCF Performance Target, the bonus earned will be 125% of the FCF Target Bonus Payout (or 1.25 x 20% of Base Salary or 25.0% of Base Salary).
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Bonus for Free Cash Flow Performance. Until changed by written agreement of Company and Employee, Employee’s FCF Bonus Compensation for achievement of Free Cash Flow performance objectives shall be earned based upon the amount of Free Cash Flow for such fiscal year, as follows:
Sample 1

Related to Bonus for Free Cash Flow Performance

  • Annual Performance Bonus In each calendar year of the Term of Employment, Executive shall be eligible to receive an annual incentive bonus (the “Annual Bonus”) payable in cash, pursuant to the performance criteria and targets established and administered by the Board (or a committee of directors to whom such responsibility has been delegated by the Board), with a target Annual Bonus of at least 100% of his Base Salary. The Annual Bonus payable to Executive each year shall be determined and payable as soon as practicable after year-end for such year (but no later than March 15th). The Executive’s cash bonus for the stub period of 2017 will be determined in the reasonable business judgment of the Board or another committee of directors to whom such responsibility has been delegated by the Board. To be entitled to receive any Annual Bonus, except as otherwise provided in Sections 5(c) and 5(d), Executive must remain employed through the last day of the calendar year to which the Annual Bonus relates.

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit H), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Quarterly Contractor Performance Reporting Customers shall complete a Contractor Performance Survey (Exhibit I) for each Contractor on a Quarterly basis. Customers will electronically submit the completed Contractor Performance Survey(s) to the Department Contract Manager no later than the due date indicated in Contract Exhibit D, Section 17, Additional Special Contract Conditions. The completed Contractor Performance Survey(s) will be used by the Department as a performance-reporting tool to measure the performance of Contractors. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MyFloridaMarketPlace or on the Department's website).

  • Consideration for Performance The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided.

  • SCHEDULE FOR PERFORMANCE REVIEWS 8.1 The performance of each Employee in relation to his/her performance agreement shall be reviewed on the following dates with the understanding that reviews in the first and third quarter may be verbal if performance is satisfactory:

  • Continuing Performance Each party is required to continue to perform its obligations under this contract pending final resolution of any dispute arising out of or relating to this contract, unless to do so would be impossible or impracticable under the circumstances.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Historical Performance Information To the extent agreed upon by the parties, the Sub-Advisor will provide the Trust with historical performance information on similarly managed investment companies or for other accounts to be included in the Prospectus or for any other uses permitted by applicable law.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

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