Bonus or Incentive Compensation. As additional compensation for services rendered, the Executive shall receive such bonus or bonuses as the Company's Board of Directors may from time to time approve including without limitation awards under the Company's Incentive Award Plan. Such bonuses may be payable in cash (a "Cash Bonus") and/or in the form of equity based compensation as allowed under the Company's Incentive Award Plan, provided, however, that any Cash Bonus shall be payable on or prior to the fifteenth (15th) day of the third (3rd) calendar month following the end of the calendar year with respect to which such Cash Bonus relates.
Bonus or Incentive Compensation. Executive acknowledges that he has waived and is not entitled to any bonus payments or incentive compensation through the Company’s 2009 fiscal year.
Bonus or Incentive Compensation. Executive will participate in any bonus or incentive compensation plan (including stock option and stock bonus plans) approved by the Board of Directors for senior management of the Company.
Bonus or Incentive Compensation. As additional compensation for services rendered, the Executive shall be eligible to receive such bonus or bonuses as the Board of Directors may from time to time approve including, without limitation, awards under the Company's Amended and Restated Incentive Award Plan; provided that, for 2012, any bonus or bonuses shall be pro rated based on the number of days the Executive is employed during 2012. Such bonuses may be payable in cash (a “Cash Bonus”) and/or in the form of equity based compensation as allowed under the Company's Amended and Restated Incentive Award Plan, provided, however, that any Cash Bonus shall be payable on or prior to the fifteenth (15th) day of the third (3rd) calendar month following the end of the calendar year in which such Cash Bonus is no longer subject to a substantial risk of forfeiture.
Bonus or Incentive Compensation. Information Resources shall award the Employee, in respect of each calendar year during the term hereof (including 1996) bonus or incentive compensation as provided under any present or future incentive compensation plan of Information Resources as applied to other senior officers of Information Resources. Information Resources shall not be required to pay the Employee bonus or incentive compensation for the portion of any Disability Period with respect to which the Employee receives disability benefit payments according to the provisions of Information Resources' disability plans applicable to the Employee.
Bonus or Incentive Compensation. As additional compensation for services rendered, the Executive shall receive such bonus or bonuses as the Company’s Board of Directors may from time to time approve including without limitation awards under the Company’s Incentive Award Plan. Such bonuses may be payable in cash (a “Cash Bonus”) and/or in the form of equity based compensation as allowed under the Company’s Incentive Award Plan.
Bonus or Incentive Compensation. Employee will receive an annual cash bonus each year in an amount equal to 75% of the amount of the bonus paid to the CEO for the same period, if any, and payable at the same time as payment of the CEO's bonus. Employee shall also be entitled to a $30,000 bonus each fiscal year during the Term that Employer achieves at least $1,000,000 in pre-tax net income, determined in accordance with generally accepted accounting principles consistently applied by Employer (the "Benchmark Amount") during the fiscal year in which the bonus is to be accrued, payable in equal installments within 45 days after the end of each fiscal quarter of said year. Employee hereby undertakes to repay to Employer the full amount of the aggregate bonus payments within 30 days following the date of Employer's audited financial statements, in the event that Employer fails to achieve the Benchmark Amount. In the event that Employer is, or substantially all of its assets are, acquired in a transaction in which the per share purchase price payable to the shareholders of Employer or to Employer is at least $10.00, Employer's obligations hereunder to pay any bonus to Employee shall cease, except to the extent that a bonus has accrued and is unpaid, cease on the date of the closing of the acquisition. In the event that for any reason Employer eliminates the position of CEO, or after a change of control (for less than $10.00/share) the operating structure of Employer materially changes such that there is no longer a chief executive officer of Employer or the business unit that was Employer, Employee's bonus shall be an amount equal to 75% of the bonus received by the employee whose duties are substantially similar in scope to those that are currently performed by the CEO.
Bonus or Incentive Compensation. Information Resources shall award the Employee, in respect of each calendar year (pro-rated for partial years) of the Employment Period, bonus or incentive compensation as provided under any applicable present or future incentive compensation plan of Information Resources or, in the absence of any such plan, such bonus or incentive compensation as senior management of Information Resources deems appropriate in light of the amount of bonus or other incentive compensation awarded by Information Resources to other similarly situated executives employed by Information Resources.
