Bonus Incentive. The Executive will be eligible, commencing at the start date in 2021 on a pro-rata basis, to receive a maximum annual bonus up to forty (40%) percent of the Base Salary on the basis of the objectives agreed to by the Board at the start, of each fiscal year. Any payment of bonus is at the discretion of the Board and subject to Board approval. The bonus, If any, will be paid to the Executive within thirty (30) days following the approval of the year-end financial statements of IMV for the calendar year, provided that the Executive remains actively employed by the Corporation at the end of said calendar year. It is expressly understood that there is no bonus entitlement if the Executive is not actively employed at the end of any calendar year.
Bonus Incentive. Section 5 of the Agreement (Bonus/Incentive) is replaced in its entirety by the following: You will be eligible for an annual bonus (“Bonus”) under the Las Vegas Sands Corp. Executive Cash Incentive Plan in which the Company’s senior executives participate for each calendar year of the Term (with a target Bonus of 125% of Base Salary), subject to the achievement of performance criteria approved by the CEO and established by the Compensation Committee of the Board of Directors of LVSC (the “Compensation Committee”). The Bonus shall be payable at 85% of target if the applicable performance criteria are determined to be achieved at the threshold payout level and shall not exceed 115% of target if the applicable performance criteria are determined to be achieved at the maximum payout level. The actual amount of the Bonus for each such calendar year shall be determined by the Compensation Committee after consultation with the CEO. The Bonus for any year shall be payable at the same time as annual bonuses are paid to other senior executives of the Company, but no later than March 15 of the year immediately following the year to which the Bonus relates, subject to your continued employment through the payment date except for the Bonus for the 2025 calendar year, which shall be subject to your continued employment through the end of the Term.
Bonus Incentive. The District agrees to grant the retiring unit member a one-time payment equal to two-thirds (2/3) of the dollar cost to the District of the Golden Handshake Program for that unit member. This sum will be paid according to a mutually agreeable plan in a lump sum or installments. Unit members who currently have less than full-time contracts shall have this incentive pro-rated. The District assumes no responsibility or liability for taxes or any other consequences for the individual's participation in this retirement plan.
Bonus Incentive. The Executive will be eligible, for the calendar year commencing on January 1, 2023, to receive a target annual bonus up to fifty (50%) percent of the Base Salary on the basis of the objectives set by the Board at the start of each year from and after January 1, 2022. Any bonus payment will be made at the discretion of the Board and subject to Board approval. The bonus, if any, will be paid to the Executive within thirty (30) days following the approval of the year-end financial statements of IMV for any applicable calendar year, provided that the Executive remains actively employment by the Corporation at the end of said calendar year. Subject to Section 7(c), it is expressly understood that there is no bonus entitlement for a calendar year if the Executive is not actively employed at the end of such calendar year;
Bonus Incentive. At the end of the Initial Employment Period, and at the end of each ninety-day period thereafter (each, a “Bonus Period”), the Board will consider whether to award Executive Chairman an incentive bonus (the “Bonus”) as follows: Executive Chairman will be eligible to receive a bonus equal to 50% of Executive Chairman’s Base Salary earned during the relevant Bonus Period upon Executive Chairman’s accomplishment of certain milestones (the “Milestones”) to be agreed to jointly between Executive Chairman and the Board. The Milestones shall relate to, but shall not be limited to, achievement of the following, in the Board’s sole discretion: (a) setting corporate strategy; (b) leading the Company’s senior executive team; (c) assisting in launching the search for a permanent Chief Executive Officer; (d) meeting Trizytek milestones; (e) meeting ALTU-238 milestones; and (f) meeting ALTU-237 milestones. The Bonus, if any, shall be calculated and paid, less applicable payroll deductions, no later than (30) days following the close of each Bonus Period.
Bonus Incentive. In addition to the Base Salary, Hyde shall be eligible to receive an annualized bonus incentive payment ("Bonus"). The amount of the Bonus shall be in the sole and complete discretion of the Board of Directors ("Board") of MRG, except in no event shall the amount of the Bonus for any full Employment Year be less than the sum of $125,000. ("Minimum Bonus"). The Bonus shall be payable to Hyde within thirty (30) days of receipt by MRG of the statement of profits and losses for MRG's fiscal year most closely corresponding to each Employment Year, on a fully consolidated basis, from its independent certified public accountant then regularly auditing the books and records of MRG.
Bonus Incentive. The dealership agrees to pay each service technician and apprentice, in addition to their regular pay as described in this section, one percent of their regular pay for each hour worked, for each percent the service department collectively achieves in excess of 100%. DMS reports will be shared with the technicians to show the previous months calculations. Because the Body Shop is experiencing sporadic work, and the company is not in a position to ensure sufficient work at this time to create a program, the Body Shop program will be revisited monthly until we can ensure that an incentive program will benefit the company and employees. Quicklube Technicians will receive one dollar, for every upsell that is made in the bay: air, cabin, Xxxxxxx, fuel filters, wipers, transfer case fluid, differential fluid, battery, bulbs. The dealership agrees to include the parts staff in the development and application of the bonus incentive program, once the model is produced. The current staff/membership size will be the factor in the programs existence: if any current members are laid off, or if the number of staff is reduced from current, the program will be suspended. The bonus incentive language will not be in the body of the collective agreement but will be a company policy developed between the company and the union to outline the program.
Bonus Incentive. If Miner completes the Work as detailed in Exhibit A for a total cost less than the Consensus Baseline Estimate set forth in Exhibit E, then Miner shall share 75% of the cost savings (Consensus Baseline Budget less amount actually incurred)
Bonus Incentive. After each completed year of service an employee may, at the Company’s discretion, be paid a bonus reward if the employee has maintained a high level of work performance, vehicle maintenance and loyalty to the Company.
Bonus Incentive. Executive shall be eligible to receive a bonus of $75,000 if Executive performs his duties to the reasonable satisfaction of Orion and remains employed by Orion through the end of the Initial Term. In order to avoid any ambiguity, Executive is not eligible for any annual bonus under Orion’s fiscal 2020 executive annual bonus plan or any other plan.
