Cash Bonus Compensation. As an added inducement for the Employee ----------------------- to use his best efforts to enhance the business of the Corporation, the Corporation shall pay to the Employee, as additional compensation hereunder, an annual cash bonus in the following amount and subject to the following terms and conditions:
Cash Bonus Compensation. The Executive shall be entitled to the following bonus compensation:
Cash Bonus Compensation. (a) In addition to the Base Salary, Employee shall have the opportunity to earn an annual cash bonus (the “Annual Bonus”) in respect of each calendar year during the Term with a target Annual Bonus of up to one hundred percent (100%) of Employee’s Base Salary (the “Target Bonus”). The amount of the Annual Bonus for each fiscal year shall be determined by EGH’s Board of Directors (the “Board”) or such committee to which the Board has defeased its power and authority under EGH’s certificate of incorporation as in effect from time to time (or any committee or subcommittee thereof to which the Board or such committee to which the Board has defeased its power and authority has delegated the applicable authority (if any such delegation has occurred)) (the Board or such committee, as applicable, the “Governing Body”) in its sole discretion and may exceed the amount of the target Annual Bonus for such fiscal year.
Cash Bonus Compensation. Employee shall be paid a signing bonus of TWENTY SEVEN THOUSAND DOLLARS $27,000 for joining Company. The bonus shall be paid on the earlier of the following: five months after the date of this Agreement, or upon Company raising $1,500,000 for the Division in which Employee shall be employed.
Cash Bonus Compensation. In addition to the Base Salary, the Company shall also pay to Xxxxxxx annually bonus compensation (herein "Bonus") which will be paid within 45 days of the end of each fiscal year of the Company during the term of this Agreement. The Bonus for each fiscal year of the Company will be tied to the Company's earnings per share as reported in its annual financial statements before any extraordinary items set forth therein (herein "EPS") and the annual EPS target for that year (herein "EPS Target") as established by Management and the Board of Directors. At the beginning of each fiscal year, Management and the Board of Directors shall establish an EPS Target for that year. At the end of each fiscal year, Xxxxxxx shall be paid a Bonus based upon the following formula: If the Company's actual EPS is 80% of the EPS Target or greater (the comparative percentage of the EPS to the EPS Target is referred to herein as the "Bonus Growth Percentage"), then Xxxxxxx'x Bonus shall be the Bonus Growth Percentage multiplied times 50% of Xxxxxxx'x Base Salary for the fiscal year then ended, subject to a maximum Bonus Growth Percentage of 120%. If the Bonus Growth Percentage is less than 80%, no Bonus will be earned or paid.
Cash Bonus Compensation. (a) In addition to the Base Salary, beginning in fiscal year 2021 and thereafter during the Term, Employee shall have the opportunity to earn an annual cash bonus (the “Annual Bonus”) in respect of each such fiscal year with a target amount of one hundred percent (100%) of Base Salary (the target for any applicable fiscal year, the “Target Bonus” for such fiscal year). The amount of the Annual Bonus for each fiscal year shall be determined by EGH’s Board of Directors (the “Board”) or such committee to which the Board has defeased its power and authority under EGH’s certificate of incorporation as in effect from time to time (or any committee or subcommittee thereof to which the Board or such committee to which the Board has defeased its power and authority the applicable authority (if any such delegation has occurred)) (the Board or such committee, as applicable, the “Governing Body”) in its sole discretion and may exceed the amount of the target Annual Bonus for such fiscal year based on performance above target performance levels for the applicable year, as determined in the sole discretion of the Governing Body; provided that, in no event may the Annual Bonus for any fiscal year exceed two hundred percent (200%) of Base Salary.
Cash Bonus Compensation. (a) For fiscal year 2023, Employee shall be entitled to receive a discretionary Annual Bonus (as defined below), which amount shall be determined by the Governing Body in its sole discretion (including, without limitation, any allocation between affiliated entities to whom Employee provided services).
Cash Bonus Compensation. The Executive shall be entitled to an annual bonus ("Annual Cash Bonus") as determined in the discretion of the Executive Committee (the "Executive Committee") of the Board of Directors of the Company (the "Board").
Cash Bonus Compensation. The Executive shall be entitled to an annual bonus ("Annual Cash Bonus") as determined in the discretion of the Executive Committee (the "Executive Committee") of the Board of Directors of the Company (the "Board"). Any subsequent reference to the term "Annual Cash Bonus" in this Agreement shall be deemed to refer to the annual cash bonus paid (or agreed to be paid) to the Executive with respect to the most recently completed fiscal year; provided, however, that the term Annual Cash Bonus shall be deemed to be equal to Fifty Six Thousand Two Hundred and Fifty Dollars ($56,250) for purposes of this Agreement until such time as the Company shall have paid an annual cash bonus to the Executive in accordance with Section 6 hereof.
Cash Bonus Compensation. (a) In respect of fiscal year 2023, Employee shall be entitled to receive an annual cash bonus equal to $4,000,000 (the “2023 Annual Bonus”). Payment of the 2023 Annual Bonus shall be made at such time as Employer customarily pays annual bonuses to its senior executives but in no event later than March 15, 2024. Payment of the 2023 Annual Bonus shall be subject to Employee’s continued employment through the date of payment, except as set forth in Section 4 below.
