Bonus Incentives. Executive shall be entitled to participate in such annual and/or long-term cash and equity incentive plans and programs of Orion as are generally provided to the senior executives of Orion. On and after a Change of Control, to assure that Executive will have an opportunity to earn incentive compensation, the Executive shall be included in a bonus plan of the Employer which shall satisfy the standards described below (such plan, the “Bonus Plan”). Bonuses under the Bonus Plan shall be payable with respect to achieving such financial or other goals reasonably related to the business of the Company as the Company shall establish (the “Goals”), all of which Goals shall be attainable, prior to the end of the post-Change of Control renewal period (as set forth above), with approximately the same degree of probability as the most attainable goals under the Company’s bonus plan or plans as in effect at any time during the 180-day period immediately prior to the Change of Control (whether one or more, the “Company Bonus Plan”) and in view of the Company’s existing and projected financial and business circumstances applicable at the time. The amount of the bonus (the “Bonus Amount”) that Executive is eligible to earn under the Bonus Plan shall be no less than 100% of the Executive’s target award provided in such Company Bonus Plan (such bonus amount herein referred to as the “Targeted Bonus”), and in the event the Goals are not achieved such that the entire Targeted Bonus is not payable, the Bonus Plan shall provide for a payment of a Bonus Amount equal to a portion of the Targeted Bonus reasonably related to that portion of the Goals which were achieved. Payment of the Bonus Amount shall not be affected by any circumstance occurring subsequent to the end of the post-Change of Control renewal period, including termination of Executive’s employment.
Bonus Incentives. During the Employment Term, Executive shall be entitled to participate in such annual and/or long-term cash incentive plans and programs of the Company as are generally provided to the Company’s other senior executives.
Bonus Incentives. With respect to each full fiscal year during the Employment Term, Executive shall be eligible to earn an annual bonus award (an "ANNUAL BONUS") of forty-five percent (45%) of Executive's Base Salary (the "TARGET") based upon and subject to the achievement of annual performance targets established by the Board (or a committee thereof) within the first three months of each fiscal year during the Employment Term. In addition, during the Employment Term, Executive shall be entitled to participate in such long-term cash incentive plans and programs of the Company as are generally provided to the Company's other senior executives.
Bonus Incentives. Executive shall be entitled to participate in such annual and/or long-term cash plans and programs of Orion as are generally provided to the senior executives of Orion, as determined by the Board in its discretion. Any cash bonuses payable to Executive will be paid at the time Orion normally pays such bonuses to its senior executives and will be subject to the terms and conditions of the applicable annual cash incentive compensation arrangement, as determined by the Board in its discretion.
Bonus Incentives. The Executive shall be entitled to participate in such long-term cash and equity incentive plans and programs of the Company, and effective for 2014 and later calendar years, in such annual incentive plans, as are generally provided to the senior executives of the Company as determined by the Board from time to time. With respect to the 2011 through 2013 calendar years only, and in lieu of any annual cash incentive plan for which Executive would otherwise be entitled during such period, the Executive shall receive a cash bonus equal to 0.6% of the Company’s pre-tax income (i.e., the Company’s net revenues determined on a consolidated basis, also known as earnings before taxes) (the “Cash Bonus”) if the Company’s pre-tax income thresholds with respect to the relevant year as set forth on Exhibit A are met. Notwithstanding the foregoing, the maximum Cash Bonus payable with respect to any year shall not exceed an amount equal to three times (3x) Executive’s Base Salary as in effect on the last day of such year. Such Cash Bonus shall be paid no earlier than January 1 and no later than March 15th of the calendar year following the calendar year in which it was earned. The Executive shall be entitled to the Cash Bonus so long as the Executive was employed on December 31st of the calendar year in which the Cash Bonus was earned. The provisions of this subsection (c) regarding the Cash Bonus shall be considered a material provision of this Agreement.
Bonus Incentives. A lump-sum, prorated share of any bonus incentives earned during the period prior to Executive’s termination will be paid to Executive when incentives are paid generally to similarly-situated employees. Eligibility for additional bonuses ceases upon termination. See individual plan documentation for detailed information about eligibility and when incentives are earned.
Bonus Incentives. A lump-sum, prorated share of any bonus incentives earned during the period prior to Officer’s termination will be paid to Officer when incentives are paid generally to similarly-situated employees. Eligibility for additional bonuses ceases upon termination. See individual plan documentation for detailed information about eligibility and when incentives are earned.
Bonus Incentives. Executive will be eligible to receive annual incentive compensation (the “Bonus”) in an amount, if any, up to seventy-five percent (75%) of Executive’s annual base salary in effect at the end of that fiscal year (or in excess of such amount, up to a maximum of one hundred fifty percent (150%) of Executive’s annual base salary in effect at the end of that fiscal year, as the CEO, with the approval of the Compensation Committee of the Board (the “Compensation Committee”), may determine is appropriate), prorated for any partial fiscal year during which Executive is employed by the Company pursuant to this Agreement, to be determined by the CEO, with the approval of the Compensation Committee, based on the following criteria: • Fifty percent (50%) earned if Nexstar Media Inc. exceeds ninety percent (90%) of budgeted Net Revenue or EBITDA for the fiscal year. • Fifty percent (50%) earned at the discretion of the CEO and/or Compensation Committee. Subject to the approval of the CEO and the Compensation Committee, the Company shall pay Executive a single sum cash amount equal to the Bonus, if any, earned in accordance with this Paragraph 4(b) within thirty (30) days after the independent certified public accountants regularly employed by the Company have made available to the Company the Company’s audited financial statements for the appropriate fiscal year. Executive will be eligible to receive payment of her Bonus, if any, provided Executive is employed on the date of payment, except that the Executive will be eligible to receive a “Prorated Bonus” payment for the year in which the Executive terminates employment under the circumstances described in Paragraph 6. Any Prorated Bonus shall be determined by multiplying (i) the actual Bonus the Executive would have been due for the full year based on actual results for such year had the Executive remained employed through the payment date by (i) a fraction, the numerator of which is the number of days between (and inclusive of) the first day of the applicable bonus program year and the date of the Executive’s termination of employment, and the denominator of which is the total number of days in the applicable bonus program year), such Prorated Bonus to be payable at the same time bonuses under the annual incentive plan are paid to other senior executives of the Company (and in all events no later than March 31 of the calendar year following the calendar year in which the Executive incurs a termination of employment)...
Bonus Incentives. 5.1. As of the date hereof, the Executive shall be eligible to receive an annual bonus representing up to thirty percent (30%) of his Base Salary, the whole subject to the attainment of certain milestones mutually agreed upon annually by the Executive and the CEO.
Bonus Incentives. Executive will be eligible to receive annual incentive compensation (the “Bonus”) as set forth in Exhibit A attached hereto. Subject to the approval of the CEO and the Compensation Committee, the Company shall pay Executive a single sum cash amount equal to the Bonus, if any, earned in accordance with this Paragraph 4(b) within thirty (30) days after the independent certified public accountants regularly employed by the Company have made available to the Company the Company’s audited financial statements for the appropriate fiscal year. Executive will be eligible to receive payment of the Bonus, if any, provided Executive is employed on the date of payment, except that the Executive will be eligible to receive a “Prorated Bonus” payment for the year in which the Executive terminates employment under the circumstances described in Paragraph 6. Any Prorated Bonus shall be determined by multiplying (i) the actual Bonus the Executive would have been due for the full year based on actual results for such year had the Executive remained employed through the payment date by (i) a fraction, the numerator of which is the number of days between (and inclusive of) the first day of the applicable bonus program year and the date of the Executive’s termination of employment, and the denominator of which is the total number of days in the applicable bonus program year), such Prorated Bonus to be payable at the same time bonuses under the annual incentive plan are paid to other senior executives of the Company (and in all events no later than March 15 of the calendar year following the calendar year in which the Executive incurs a termination of employment).
