Common use of Cash Bonus Clause in Contracts

Cash Bonus. (i) Executive shall be eligible to participate in the Company’s annual incentive plan for each fiscal year of the Company during the Term with a target amount equal to 60% of the Base Salary (the “Target Bonus”). The Target Bonus may be increased, but not decreased during the Term. The actual amount of the annual cash bonus, if any, payable to Executive in respect of any fiscal year during the Term may be based on the achievement of performance criteria established by, and may relate to financial and non-financial metrics as determined by, the Board or the Compensation Committee of the Board.

Appears in 5 contracts

Samples: Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.)

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Cash Bonus. (i) Executive shall be eligible to participate in the Company’s annual incentive plan for each fiscal year of the Company during the Term with a target amount equal to 60100% of the Base Salary (the “Target Bonus”). The Target Bonus may be increased, but not decreased during the Term. The actual amount of the annual cash bonus, if any, payable to Executive in respect of any fiscal year during the Term may be based on the achievement of performance criteria established by, and may relate to financial and non-financial metrics as determined by, the Board or the Compensation Committee of the Board.

Appears in 2 contracts

Samples: Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.)

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Cash Bonus. (i) Executive shall be eligible to participate in the Company’s annual incentive plan for each fiscal year of the Company during the Term with a target amount equal to 6070% of the Base Salary (the “Target Bonus”). The Target Bonus may be increased, but not decreased during the Term. The actual amount of the annual cash bonus, if any, payable to Executive in respect of any fiscal year during the Term may be based on the achievement of performance criteria established by, and may relate to financial and non-financial metrics as determined by, the Board or the Compensation Committee of the Board.

Appears in 2 contracts

Samples: Employment Agreement (FTC Solar, Inc.), Employment Agreement (FTC Solar, Inc.)

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