Executive Management Bonus Program Sample Clauses
The Executive Management Bonus Program clause establishes the framework for awarding additional compensation to senior executives based on performance metrics or company achievements. Typically, this clause outlines eligibility criteria, performance targets, and the calculation method for bonuses, such as linking payouts to financial results or individual objectives. Its core function is to incentivize executives to meet or exceed organizational goals, aligning their interests with those of the company and its stakeholders.
Executive Management Bonus Program. In the event the Company establishes a bonus program for its senior executive management, the Employee shall also be entitled to participate in such program at a level as shall be approved by the Compensation Committee of the Board.
Executive Management Bonus Program. In the event the Company (or IDT) establishes a bonus program for its senior executive management, the Employee shall also be entitled to participate in such program at a level as shall be approved by the Board and the Compensation Committee of the Board of Directors of IDT.
Executive Management Bonus Program. The Employee shall be entitled to a performance-based bonus at the level determined by the Compensation Committee of the Board with input from the Supervisor, provided that such bonus shall not be in an amount of less than TWO HUNDRED FIFTY THOUSAND U.S. DOLLARS (US$250,000) per annum, of which not less than ONE HUNDRED TWENTY FIVE THOUSAND U.S. DOLLARS (US$125,000) shall be in respect of the Employee’s duties to Parent and not less than ONE HUNDRED TWENTY FIVE THOUSAND U.S. DOLLARS (US$125,000) shall be in respect of the Employee’s duties to Genie E&P. Bonuses shall be paid at the same time as bonuses are paid to other executive officers of Parent.
Executive Management Bonus Program. In the event the Company establishes a bonus program for its senior executive management, the Employee shall also be entitled to participate in such program at a level as shall be approved by the Compensation Committee of the Board. Notwithstanding whether a program is established, subject to satisfaction with the Employee’s job performance by the Chief Executive Officer and the Chairman of the Board, and specific criteria that may be established from time to time, as well as approval by the Compensation Committee, the target annual bonuses for the Employee shall be FIFTY THOUSAND DOLLARS ($50,000) in the first year of the Term, SEVENTY FIVE THOUSAND DOLLARS ($75,000) in the second year of the Term, ONE HUNDRED THOUSAND DOLLARS ($100,000) in the third year of the Term, and in such amount as shall be agreed upon during any extension of the Term.
Executive Management Bonus Program. During the Term, the Employee shall also be entitled to participate in executive management bonus programs at a level as shall be approved by the Compensation Committee of the Board (if such approval is required by Company policy), or the Chief Executive Officer and Chairman of the Board of the Company. Subject to satisfaction with the Employee’s job performance by the Chief Executive Officer and the Chairman of the Board, and specific criteria that may be established from time to time, as well as approval by the Compensation Committee (if required by the Company’s policies), the target annual bonus for the Employee shall be ONE HUNDRED THOUSAND DOLLARS ($100,000) during the initial Term, and in such amount as shall be agreed upon during any extension of the Term. The bonus will be paid in respect of a calendar year, provided that for 2014, it will cover the period from October 29, 2013 through December 31, 2014. The bonus amount may be increased in the discretion of the Chief Executive Officer and the Chairman of the Board based upon job performance by the Employee and/or Company performance.
Executive Management Bonus Program. At the time that the Company pays bonuses for 2013 to its executive officers, the Employee shall receive a bonus of TWO HUNDRED TWENTY NINE THOUSAND DOLLARS ($229,000) in respect of the period from January 1 through November 30, 2013. The Employee shall be entitled to a target performance based bonus of ONE HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($125,000) per year. For the period from December 1, 2013 through December 31, 2014, such bonus shall be guaranteed (except in the case of a termination by the Company with Cause or a resignation by the Employee without Good Reason (as such terms are defined below)) in the amount of ONE HUNDRED THIRTY-FIVE THOUSAND, FOUR HUNDRED SEVENTEEN DOLLARS ($135,417), and shall be discretionary for all other periods. The bonus shall be paid at the time that bonuses are generally paid to employees of the Company.