Deferred Bonus. In addition to any other deferred bonus plan in which the Executive may be entitled to participate, the Executive may elect by written notice delivered to the Company at least 15 days prior to the commencement of any calendar year during the term of employment during which an annual cash bonus would otherwise accrue or to which it would relate, to defer payment of and to have the Company credit to the Trust Account all or any portion of the Executive's bonus for such year. Any such election shall only apply to the calendar year during the term of employment with respect to which such election is made and a new election shall be required with respect to each successive calendar year during the term of employment.
Deferred Bonus. In addition to any other deferred bonus plan in which the Executive may be entitled to participate, the Executive may elect by written notice delivered to the Company at least 15 days prior to the commencement of any calendar year during the term of employment during which an annual cash bonus would otherwise accrue or to which it would relate (except that for calendar year 1999, such election shall be made no later than January 31, 1999), to defer payment of and to have the Company credit all or any portion of the Executive's bonus for such year to either the Trust Account or the Deferred Plan, or a combination of both, subject in the case of a deferral to the Deferred Plan to the terms and conditions of the Deferred Plan. Any such election shall only apply to the calendar year during the term of employment with respect to which such election is made and a new election shall be required with respect to each successive calendar year during the term of employment.
Deferred Bonus. Pursuant to the Prior Employment Agreement, Executive has been accruing a Deferred Bonus (as defined in the Prior Employment Agreement). Executive shall be paid all of the Deferred Bonus amount accrued through December 31, 2014 on January 1, 2015. Effective as of January 1, 2015, Executive shall no longer accrue Deferred Bonus compensation.
Deferred Bonus. (a) In addition to any other bonus or deferred compensation benefit described in Article III hereof, or to which Executive is otherwise entitled pursuant to another plan or arrangement with the Company, as of the Effective Date, the Company agrees to credit Six Hundred Sixty-Three Thousand Seven Hundred Fifty and no/100 Dollars ($663,750) (the "Deferred Bonus") to Executive's Retirement Account as deferred compensation under the Deferred Compensation Plan, subject to the following terms and conditions.
Deferred Bonus. (i) The Executive shall be entitled to receive a deferred bonus (any full or partial payment hereunder, the “Deferred Bonus”), which shall accrue at the rate of $500,000.00 per year, accruing monthly for each calendar month of employment hereunder at the rate of $41,666.66 per month; provided that as of the date hereof the Company will credit the Executive with an amount equal to the difference between the deferred bonus accrued in 2011 prior to the date hereof pursuant to the Prior Employment Agreement and the portion of the Deferred Bonus that would have accrued during such period had this Agreement been entered into on January 1, 2011. Any amount accrued under this Section 3(c), together with any amount accrued under the Prior Employment Agreement with respect to the 2011 calendar year prior to the date hereof, has been or will be, as applicable, credited to a notional Deferred Bonus account (the “Deferred Bonus Account”). No interest or other earnings will accrue on the Deferred Bonus Account.
Deferred Bonus. This lease is issued subject to the payment of $184,828.80 by the lessee as a deferred bonus. Payment of the deferred bonus by the lessee shall be made on a schedule specified in Section 31 (Special Stipulations) of this lease.
Deferred Bonus. Commencing for the fiscal year ending December 31, 2007, on or before May 1 of each year during the Term hereof for which the Company’s annual EBITA targets are met for the preceding calendar year, the Company shall provide the Executive a deferred bonus (the “Deferred Bonus”) of $15,000. For every 1% the actual EBITA exceeds the annual EBITA target, the Deferred Bonus shall be increased by $1,000 up to a maximum aggregate Deferred Bonus of $30,000 annually. The Deferred Bonus shall be paid to a Rabbi Trust account in the Executive’s name and shall be paid in accordance with the Company’s Deferred Bonus Plan notwithstanding any termination of the Executive’s employment or other such event and, for the avoidance of doubt, shall be fully vested and not subject to forfeiture.
Deferred Bonus. The Corporation shall pay or cause Executive to -------------- receive a bonus (the "Deferred Bonus") in the aggregate amount of $187,500, payable in three (3) equal installments of $62,500 each on January 1, 1997, June 30,1997 and January 1, 1998.
Deferred Bonus. In consideration of the concessions made by the Executive by foregoing certain benefits to which he was or may have become entitled under the Amended Employment Agreement, the Executive shall be entitled to participate in the Xxxxxx Industries, Inc. Executive Deferred Compensation Plan (the “EDCP”) in accordance with the following terms:
Deferred Bonus. In addition to any other deferred bonus plan in which you may be entitled to participate, you may elect by written notice delivered to the Company at least 15 days prior to the commencement of any calendar year during the term of employment during which an annual cash bonus would otherwise accrue or to which it would relate, to defer payment of and to have the Company credit all or any portion of your bonus for such year to either the Trust Account or the Deferred Compensation Plan established by the Company on November 18, 1998, as the same may be amended from time to time (and as so amended, the "Deferred Plan"), or a combination of both, subject in the case of a deferral to the Deferred Plan to the terms and conditions of the Deferred Plan . Any such election shall only apply to the calendar year during the term of employment with respect to which such election is made and a new election shall be required with respect to each successive calendar year during the term of employment.
