Executive Bonus Program. Employee shall be entitled to participate in any executive bonus program implemented for executives of the Company and approved by the Board.
Executive Bonus Program. For each full fiscal year during which Executive remains employed under this Agreement, Executive will have an opportunity to earn a fiscal year-end bonus based upon performance and earnings targets and other standards to be established by the Board or the Compensation Committee for each such year and based upon the Compensation Committee’s and the Board’s evaluations of Executive’s fiscal year results. Bonuses, if any, will be determined and awarded in the Board’s discretion following completion of the Company’s annual audit by independent auditors.
Executive Bonus Program. Executive shall be eligible for an annual cash bonus, which shall not exceed one hundred percent (100%) of his base salary for such period. The bonus shall be determined in accordance with the following formula, which shall be calculated on March 31 of the year following the year for which the bonus is to be calculated: 1999: 2.5% of any net revenues in excess of 1998 net revenues. 2000: 2.5% of any net revenues in excess of 1999 net revenues.
Executive Bonus Program. Executive agrees that the payment to Executive of the Existing Severance hereunder will not be deemed to be "in connection with circumstances which would permit such Participant to receive severance benefits pursuant to any contract of employment between such Participant and the Company or any of its subsidiaries" within the meaning of clause (d) of the last sentence of Section 5 of the Company's Executive Bonus Program, as in effect on the date hereof.
Executive Bonus Program. 12. Amended and Restated Dividend Reinvestment and Stock Purchase Plan, dated July 24, 2012 and amended on July 25, 2012.
Executive Bonus Program. Executive shall be eligible for and a full participant in an executive and/or personal bonus program that will reward him for successfully closing an IPO, increasing shareholder value through increases in the stock price, and successfully closing strategic acquisitions or other major accomplishments within his full or partial control as Chief Financial Officer of the Employer. In the event no such plan is adopted, approved or implemented by the Board of Directors or the Compensation Committee thereof, Executive shall receive an annual cash bonus, which shall not exceed one hundred percent (100%) of his base salary for such period. The bonus shall be determined in accordance with the following formula, which shall be calculated no later than March 31 of the year following the year for which the bonus is to be calculated: 2000: 2.5% of any net revenues in excess of 1999 net revenues.
Executive Bonus Program. You are eligible to participate in the Executive Bonus Program which has an annualized potential of $60,000. You will be eligible to receive a prorated portion of this based upon your start date and the achievement of goals and successful attainment of objectives as mutually agreed by you and the President and Chief Operating Officer.
Executive Bonus Program. Mehrlander shall participate in the Company's Executive Bonus Program under which, if Bombay (USA and Canada) achieves its annual business plan for the fiscal year, Mehrlander shall receive a bonus of up to sixty-seven percent (67%) of her base annual salary. For Company performance that exceeds its annual business plan for the fiscal year, Mehrlander shall receive a bonus of up to one hundred thirty-five percent (135%) of her base annual salary. The actual bonus amount that Mehrlander receives shall be determined based upon Company results and Mehrlander's personal performance, as judged by the CEO and the Board of Directors of the Company. Bonuses shall be paid in a lump sum following the end of each fiscal year. For fiscal year 1998 only, Mehrlander's bonus shall be guaranteed, regardless of Company and personal performance, to be not less than one hundred fifty thousand dollars ($150,000.00).
Executive Bonus Program. During the Employment Period, the Employee shall participate in the Company's Executive Bonus Program, a summary of which is attached hereto as Exhibit A.
Executive Bonus Program. References in the Employment Agreement to the Company’s Executive Bonus Program (the “Program”) are amended to include either the Program in which you currently participate or a bonus plan or program of the Company or its affiliates applicable to similarly situated executives. Your target bonus percentage remains unchanged.
