Contingent Incentive Payments for Currently Sample Clauses

Contingent Incentive Payments for Currently. Subcontracted Packages and PDIP/SOIC Packages Currently Packaged for Parent by the Company................................................. 10 3.2
Sample 1
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Contingent Incentive Payments for Currently. Subcontracted --------------------------------------------------------- Packages and PDIP/SOIC Packages Currently Packaged for Parent by the Company. ---------------------------------------------------------------------------- Subject to the other terms and conditions of this Section 3.1, during the period from the Closing Date to June 30, 2003, Parent shall be entitled to receive additional contingent incentive payments (the "Contingent Incentive Payments") ----------------------------- from Buyer based upon the achievement of the milestones set forth on Schedule -------- 3.1 attached hereto with respect to the transfer of packaging business currently --- subcontracted by Parent to certain third parties and the transfer of PDIP/SOIC packages currently packaged for Parent by the Company to one of Buyer's other qualified facilities. The achievement of the milestones on Schedule 3.1 are ------------ based on (i) all lead counts for the packages shown on Schedule 3.1 that Buyer ------------ offers to assemble, (ii) the assumption that Buyer is fully approved by Parent and Parent's customers to provide packaging services at the qualified Buyer facility on or prior to the date specified on Schedule 3.1, (iii) the date of ------------ qualification being subject to a thirty (30) day grace period in the event of unforeseen delays, (iv) the assumption that at least 95% of the packaging services (based upon unit volumes) for each package type described on Schedule -------- 3.1 are transferred to Buyer based on --- Parent's best efforts within sixty (60) days after the date specified on Schedule 3.1 with respect to each such package type (other than immaterial ------------ packages which Buyer and Parent may subsequently mutually agree should not be transferred), it being agreed that all parties will use best efforts to transfer those packages sold through distribution sooner than the above milestones and (v) the assumption that, with respect to all remaining packaging services for each package type described on Schedule 3.1 that are not transferred to Buyer ------------ within the timeframe specified in clause (iv) above, Parent will continue to use its best efforts to transfer all such remaining packaging services to Buyer as soon as possible. Each of the parties hereto shall use best efforts to improve the qualification process and schedule. If such milestones are achieved in the case may be) specified on Schedule 3.1 under the heading "Contingent ------------ ac...
Sample 1

Related to Contingent Incentive Payments for Currently

  • Additional Bonus Executive shall be eligible for such year-end bonus, which may be paid in either cash or equity, or both, as is awarded at the discretion of the Compensation Committee of the Board of Directors of the Company after consultation with the Company's Chief Executive Officer.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Incentive Payment During the period of Executive's employment under this Agreement, the Executive shall be eligible to participate in an incentive compensation program implemented by the Board (the "Annual Incentive Bonus").

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

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