Bonus No Sample Clauses

Bonus No. 1. During the Term, the Company will pay to Xxxxxx a cash ------------- incentive bonus ( Bonus No. 1 ) equal to $150,000 per Company fiscal year if at least 50 new Pizza Inn units are opened during such fiscal year. Payments will be made on a semi-annual basis, 50% on January 1 and July 1 of each year, based upon the opening of at least 25 new Pizza Inn units during each semi-annual period of such fiscal year. To the extent that 25 new units are not opened in either semi-annual period, the entire unpaid amount of Bonus No. 1 shall be paid to Xxxxxx at fiscal year end if 50 new units are opened by fiscal year end.
Sample 1
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Bonus No. 2. During the Term, the Company will pay to Rxxxxx a cash incentive bonus ("Bonus No. 2"), payable quarterly, in the amount of $37,500 for each fiscal quarter in which the Company's operating results report pre-tax income growth or earnings per share growth of at least 10% more than the same quarter in the preceding year. To the extent that there is a shortfall from such goal in any given quarter, the entire year-to-date unpaid amount of Bonus No. 2 shall be paid to Rxxxxx if the total year-to-date pre-tax income growth for such fiscal year is at least 10% more than the previous fiscal year.
Sample 1
Bonus No. 3. During the Term, the Company will pay to Rxxxxx a cash incentive bonus ("Bonus No. 3"), payable at the end of each fiscal year, based on the targets set forth below for pre-tax operating cash flow. For the purposes of this Agreement, "pre-tax operating cash flow" shall mean pre-tax income plus depreciation, amortization, allowance for bad debt, and accrued expense for bonuses issued under this Section 3.02. If pre-tax operating cash flow equals or exceeds the target amount for an applicable year, then Bonus No. 3 shall equal $200,000. If pre-tax operating cash flow equals or exceeds 75% but is less than 100% of the target amount for an applicable year, then Bonus No. 3 shall equal $150,000. There shall be no Bonus No. 3 if pre-tax operating cash flow is less than 75% of the target amount for an applicable year. If pre-tax operating cash flow exceeds the target amount for an applicable year by $300,000 or more, then Bonus No. 3 shall equal $250,000. Pre-Tax Operating Cash Fiscal Year Ending Flow Target -------------------- ---------------- June 1998 $ 8,000,000 June 1999 $ 9,000,000 June 2000 $ 10,000,000 June 2001 $ 11,000,000 June 2002 $ 12,000,000
Sample 1
Bonus No. 3. During the Term, the Company will pay to Xxxxxx a cash -------------- incentive bonus ( Bonus No. 3 ), payable at the end of each fiscal year, based on the targets set forth below for EBITDA cash flow. For the purposes of this Agreement, "EBITDA cash flow" shall mean pre-tax earnings before interest, taxes, depreciation, and amortization prior to this bonus accrual per Section 3.02. If EBITDA cash flow equals or exceeds the target amount for an applicable year, then Bonus No. 3 shall equal $200,000. If EBITDA cash flow equals or exceeds 75% but is less than 100% of the target amount for an applicable year, then Bonus No. 3 shall equal $150,000. There shall be no Bonus No. 3 if EBITDA cash flow is less than 75% of the target amount for an applicable year. If EBITDA cash flow exceeds the target amount for an applicable year by $300,000 or more, then Bonus No. 3 shall equal $250,000. EBITDA Cash Fiscal Year Ending Flow Target -------------------- ------------------ June 2000 $ 6,000,000 June 2001 $ 6,500,000 June 2002 $ 7,000,000 June 2003 $ 7,500,000 June 2004 $ 8,000,000
Sample 1

Related to Bonus No

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • 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.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Incentive and Bonus Compensation The Executive shall be eligible to participate in the Company’s existing and future bonus and stock option plans and other incentive compensation programs for similarly situated executives (collectively, “Plans”), to the extent that the Executive is qualified to participate in any such Plan under the generally applicable provisions thereof in effect from time to time. Such eligibility is not a guarantee of participation in or of the receipt of any award, payment or other compensation under any Plan. To the extent the Executive does participate in a Plan and the Plan does not expressly provide otherwise, the Chief Executive Officer and/or the Board, as appropriate, may determine all terms of participation (including, without limitation, the type and size of any award, payment or other compensation and the timing and conditions of receipt thereof by the Executive) in the Chief Executive Officer’s or the Board’s sole and absolute discretion. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any and all Plans in its sole and absolute discretion. Except as otherwise provided herein, the terms of each Plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. Without limiting the generality of the foregoing, the definition of “Cause” hereunder shall not supersede the definition of “cause” in any Plan (unless the Plan expressly defers to the definition of “cause” under an executive’s employment agreement) and any rights of the Executive hereunder upon and subsequent to the termination of the Executive’s employment shall be in addition to, and not in lieu of, any right of the Executive under any Plan then in effect upon or subsequent to a termination of employment.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Bonus Severance A single, lump sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, less applicable withholdings.

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