Bonus Potential Sample Clauses
The "Bonus Potential" clause defines the conditions under which an employee may be eligible to receive additional compensation beyond their base salary. Typically, this clause outlines the criteria for earning a bonus, such as meeting specific performance targets, company profitability, or achieving certain milestones within a set timeframe. By clearly specifying how and when bonuses may be awarded, the clause helps manage employee expectations and incentivizes desired performance, while also protecting the employer from open-ended financial commitments.
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Bonus Potential. At the sole discretion of the Company, you will be eligible to receive an annual retention and performance bonus of up to 30% of your Base Salary, which will be dependent upon your individual performance and the Company’s performance during the applicable year, all as determined by the Company in its sole discretion. Any bonus that may be awarded to you hereunder will be paid no later than March 15th of the year following the calendar year to which the bonus relates, subject to your continuous employment through the end of the calendar year to which such bonus relates. The foregoing shall be construed and applied so that any bonus payable to you hereunder qualifies as a “short-term deferral” under Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”).
Bonus Potential. Executive shall be eligible to receive an incentive bonus to be determined on an annual basis, payable during the first quarter of the subsequent year, less standard payroll deductions and withholdings. The Company will determine whether Executive has earned the bonus based on the Company's attainment of specific corporate objectives, as outlined in the executive compensation plan, and on Executive's attainment of personal objectives determined between Executive and the CEO. No bonuses are earned until the Board confirms such bonuses in writing. If Executive is not employed at the time any bonus is to be paid due to his voluntary separation from the Company or involuntary termination for Cause, he will not have earned the bonus and no partial or pro-rata bonus will be paid. Except as otherwise set forth herein, the Company shall have the sole discretion to change or eliminate the annual bonus program at any time, to determine whether the corporate and personal objectives have been achieved, and to determine the amount of the bonus earned by Executive, if any.
Bonus Potential. In addition, you will be eligible to be considered for an incentive bonus for each fiscal year of the Company. The bonus (if any) will be awarded based on objective or subjective criteria established by the Company’s Chief Executive Officer and approved by the Company’s Board of Directors. Your target bonus will be equal to twenty [20] % of your annual base salary. Any bonus for the fiscal year in which your employment begins will be prorated, based on the number of days you are employed by the Company during that fiscal year. Any bonus for a fiscal year will be paid on a quarterly basis within that year, but only if you are still employed by the Company at the time of payment. The determinations of the Company’s Board of Directors with respect to your bonus will be final and binding.
Bonus Potential. Executive is eligible to receive an annual performance bonus of up to thirty percent (30%) of his annual base salary. Such bonuses, if any, are awarded at the sole discretion of the Company’s Board of Directors (the “Board”) based on its assessment of Executive’s performance, as measured by the performance standards set by the CEO, as well as the Company’s performance. No bonuses are earned until the Board or its delegate confirms
1. such bonuses in writing. The Company shall have the sole discretion to change or eliminate the annual bonus program at any time, and to determine the amount of bonus earned by Executive, if any.
Bonus Potential. Employee will be eligible to receive an annual discretionary cash incentive bonus targeted at One Million Five Hundred and Fifty Thousand Dollars ($1,550,000) per calendar year for 2022 (with eligible bonus for 2022 paid by the target date of February 2023) and continuing annually thereafter. This bonus will be sixty percent (60%) based on Company financial and non-financial performance against goals, and forty percent (40%) based on personal goals that will be set with Employee’s input (%’s subject to change in the reasonable discretion of the Chief Executive Officer). It will be determined based on Employee’s performance review with the Chief Executive Officer and paid, if awarded, in February after the Compensation Committee meeting and approval process. If in any given year, the Company does not meet a minimum of fifty percent (50%) of its pre-tax income goal, no bonuses will be paid to Employee for that year, unless special considerations are determined by the Compensation Committee. The actual annual discretionary cash incentive bonus paid to Employee for any given year will be both objective and subjective in nature, will be heavily dependent on both the Company’s financial performance and Employees performance against his pre-established performance goals, and may end up being higher or lower than Employee’s annual discretionary cash incentive bonus target.
Bonus Potential. In addition to base salary, you will be eligible for a bonus up to 100% of base. Bonus criteria are set annually and are customarily finalized by the first meeting of the Company’s board of directors of the year to which the bonus applies. For calendar year 2004, your bonus potential is based on net income achievement of the Company as follows: 80% of Target 624,000 10 $ 15,000 100% of Target 780,000 50 $ 75,000 150% of Target 1,170,000 100 $ 150,000 The bonus will be prorated for achievement between the designated levels (e.g. a 30% bonus will be paid for achieving 90% of the net income target set forth above). For purposes of calculating your bonus potential, the Company’s net income for the year 2004, which will include the impact of accrued bonus expense, shall be the amount defined in its public financial disclosures (i.e. 4th quarter earnings press release and 10K filing). Payment of any annual bonus earned will occur shortly after the Company’s January 2005 meeting of the Company’s board of directors, and in each succeeding January during the period of your employment by the Company.
Bonus Potential a. Up to 50% of Base Salary, based upon achievement of budget and operational milestones as approved by the Company’s Board of Directors
Bonus Potential. During his employment, Employee will be eligible for, but not guaranteed, an annual bonus of up to One Hundred Twenty Thousand and No/100 Dollars ($120,000.00), less any applicable federal, state or local taxes and other required deductions, payable from time to time and based upon the following, all at the discretion of the Company:
i. Up to a $30,000.00 bonus, contingent upon BCSI revenue for fiscal year 1998, as follows:
(a) $13,000,000.00 gross revenue = $7,000.00 bonus (b) $16,000,000.00 gross revenue = $16,000.00 bonus (c) $19,000,000.00 gross revenue = $7,000.00 bonus Initials /s/ PHH ------- Initials /s/ MWH -------
ii. Up to a $20,000.00 bonus, contingent upon BCSI income for fiscal year 1998, as follows:
(a) $3,800,000.00 in net income = $5,000.00 bonus (b) $4,400,000.00 in net income = $10,000.00 bonus (c) $5,000,000.00 in net income = $5,000.00 bonus
iii. Up to a $10,000.00 bonus, contingent upon BCSI gross margin for fiscal year 1998, as follows: (a) 50% gross margin = $5,000.00 bonus (b) 55% gross margin = $5,000.00 bonus
iv. Up to a $60,000.00 bonus, contingent upon subjective criteria as determined by Parr▇▇ ▇▇▇▇▇▇, ▇▇an ▇▇▇▇▇▇▇▇ ▇▇▇ Mike ▇▇▇▇▇▇▇▇▇.
Bonus Potential. Executive shall be eligible to receive an annual incentive bonus to be paid less standard payroll deductions and withholdings. The Board will reasonably determine the amount of the bonus, if any, based on the Company's attainment of specific corporate objectives and on Executive's attainment of personal objectives, to be established in the reasonable discretion of the Board after consultation with Executive. At the first meeting of the Board following the Employment Date, currently scheduled to occur on or about July 22, 2003, the Board will determine and approve the specific corporate objectives and Executive's personal objectives for the calendar year 2003; once
Bonus Potential. You are eligible to participate in the same manner as other members of the Company's senior management in the FY '06 Annual Incentive Plan (AIP) with a target of 50% of your annual base salary. The AIP is currently based upon achievements of both the Company and your attainment of individual objectives over the course of the relevant fiscal year.