Bonuses Sample Clauses

Bonuses. The Employee shall be eligible to receive a bonus for each calendar year (or portion thereof) during the term of this Agreement and any extensions thereof, with the actual amount of any such bonus to be determined in the sole discretion of the Board of Directors of Avocent Corporation based upon its evaluation of the Employee’s performance during such year. All such bonuses shall be payable during the last month of the fiscal year or within forty-five (45) days after the end of the fiscal year to which such bonus relates. All such bonuses shall be reviewed annually by the Compensation Committee of Avocent Corporation.
Bonuses. The Company will establish a bonus plan for each fiscal year beginning after fiscal year 2004 (the "Plan"). The Board or the Compensation Committee of the Board will administer the Plan and establish performance objectives for each year in good faith based on the Company's annual budget. During the Employment Period, each Executive will be entitled to receive an annual bonus (the "Bonus") pursuant to the Plan based on the Company's performance only if the Executive is employed on the last day of the applicable performance period (subject to Section 4). The target Bonus will be established such that if the performance objectives are achieved, the Executive will receive a Bonus equal to the same Bonus the Executive would have received if the Company's bonus arrangements with such Executive as in existence prior to the Closing Date were still in place and the performance thresholds set forth in the current bonus plan were achieved. Pursuant to the Plan, each Executive will be entitled to receive a Bonus in excess of the target Bonus if the Company exceeds the performance thresholds. In respect of fiscal year 2004, each Executive shall be entitled to receive Bonuses pursuant to the Company's bonus arrangements with each such Executive as in existence prior to the Closing Date. All Bonuses shall be payable on the first day of the first calendar month after the determination that the Company has achieved such thresholds.
Bonuses. During the Term of Employment, the Executive shall participate in the Company’s annual incentive compensation plan, program and/or arrangements applicable to senior-level executives, as established and modified from time to time by the Compensation Committee of the Board (for the avoidance of doubt, for any period during which there is not a Compensation Committee, all matters under this Agreement shall be addressed by the Board) in its sole discretion. During the Term of Employment, the Executive shall have a target bonus opportunity under such plan or program equal to 35% of his current Base Salary (the “Target Bonus”), based on satisfaction of performance criteria to be established by the Compensation Committee of the Board within the first three months of each fiscal year that begins during the Term of Employment. Payment of annual incentive compensation awards shall be made in the same manner and at the same time that other senior-level executives receive their annual incentive compensation awards and, except as otherwise provided herein, will be subject to the Executive’s continued employment through the applicable payment date.
Bonuses. Executive shall be eligible to participate in the Company’s and the Parent’s annual bonus plan or plans applicable to Executive as approved from time to time by the Board or the Compensation Committee in amounts to be determined by the Compensation Committee based upon criteria established by the Compensation Committee.
Bonuses. The Employee shall be entitled to participate in an equitable manner with all other executive officers of the Company and the Bank in such performance-based and discretionary bonuses, if any, as are authorized and declared by the Board of Directors for executive officers of the Company and by the board of directors of the Bank for executive officers of the Bank.