Bonuses Clause Samples

Bonuses. Executive shall be entitled to participate in discretionary bonuses or other incentive compensation programs that the Company and the Bank may award from time to time to senior management employees pursuant to bonus plans or otherwise.

Bonuses. The Company will establish a bonus plan for each fiscal year beginning after the completion of 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, the 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). All such Bonuses shall become payable on a date reasonably determined by the Board or Compensation Committee thereof, after the Board or Compensation Committee finally determines (i) that the Company has achieved the applicable performance objectives and (ii) the amount of bonuses that shall be paid to each executive entitled to receive a bonus for the applicable bonus year. In respect of fiscal year 2004, the Executive shall be eligible to receive Bonuses in accordance with the Company’s bonus arrangements with the Executive as in existence prior to the Effective Date. Notwithstanding the immediately preceding sentence, in the event your employment is terminated by the Company without Cause or by you for Good Reason within 12 months of the Effective Date, the Company will pay to you an amount equal to the annual bonus you would have received for fiscal year 2004 under the Company’s Management Incentive Plan (the “MIP”) had you remained employed by the Company for the entire fiscal year, prorated for the number of days you were employed by the Company during fiscal year 2004 (the “2004 Unpaid Bonus Amounts”). Such amount would be paid at the same time that similar bonuses for fiscal year 2004 are paid to the Company’s other employees under the MIP. For purposes of Executive’s annual bonus for fiscal year 2004, the Executive’s bonus “at target” shall be the amount set forth on the signature page hereto under the label “Management Incentive (2004 Target)”.

Bonuses. Officer shall be eligible to receive bonus and/or incentive compensation for each year (or portion thereof) during the term of this Agreement and any extensions thereof, in accordance with the policy, plan or arrangement adopted by the Compensation Committee from time to time.

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 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.

Bonuses. In the discretion of the Board, and without implying any obligation on Employer ever to award a bonus to Executive, Executive may from time to time be awarded a cash bonus or bonuses for services rendered to Employer during the term of Executive’s employment under this Agreement. If and to the extent a bonus is ever considered for Executive, it is expected that any such bonus will be based not only on Executive’s individual performance and Executive’s relative position, service tenure and responsibilities with Employer, but also on the performance and profitability of the entire business of Employer.

Bonuses. In addition to the Base Salary, the Executive shall be eligible to participate in an annual bonus plan on terms set forth from time to time by the Board of Directors of the Company; provided, however, that the Executive’s target annual bonus will be 100% of his Base Salary.

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. Executive shall be eligible to participate in Company’s annual cash incentive plan 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.