Fiscal Year 2008 Bonus Sample Clauses

Fiscal Year 2008 Bonus. Executive shall be paid a bonus for the Company’s fiscal year ending February 29, 2008 as determined pursuant to Section 4.2 of the Employment Agreement and the Company’s Executive Variable Compensation Plan (“EVC Plan”) as if Executive had remained employed as an executive of the Company through the end of the Company’s 2008 fiscal year and the subsequent date of payment. Such bonus shall be paid to Executive at the time specified in Section 4.2 of the Employment Agreement, but in no event later than May 15, 2008. This bonus shall be composed of two portions, the first of which shall be paid under the terms of the Company’s EVC Plan under which Executive’s resignation shall be treated as a retirement and the second of which shall be that amount necessary to provide a total cash incentive bonus set forth in this Section 3(a) and shall not be paid under the EVC Plan.
Sample 1
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Fiscal Year 2008 Bonus. For fiscal year 2008 (“FY2008”), Executive shall be eligible to earn a bonus based on achievement of quantitative goals described below and qualitative goals established by the Board. The quantitative portion of this bonus (“Target Bonus”) shall equal up to seventy-five percent (75%) of Executive’s Base Salary and shall be based on the Company’s Earnings Before Taxes, Interest, Depreciation and Amortization for FY2008, as calculated and reported by the Company in accordance with its accounting policies currently in effect (“EBITDA”): EBITDA for FY2008 Percentage of Quantitative Component Earned <$12M None $12M-$13.99M 25% of Quantitative Component $14M-$15.99M 50% of Quantitative Component $16M-$16.99M 75% of Quantitative Component >$17M 100% of Quantitative Component Executive shall be eligible for additional bonus compensation, equivalent to up to twenty-five percent (25%) of his Base Salary, based on achievement of qualitative objectives established by the Board in its discretion. In no event shall Executive’s aggregate bonus compensation for FY2008 exceed 100% of Executive’s Base Salary. Executive’s FY2008 bonus will be paid in cash, provided that the Board may elect to pay up to thirty percent (30%) of Executive’s FY2008 bonus in fully vested and unrestricted WSTF stock (priced at the fair market value of the stock as of the date of the stock bonus). Executive’s FY2008 bonus will be paid on or prior to March 15, 2009.
Sample 1

Related to Fiscal Year 2008 Bonus

  • 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.

  • 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.

  • Quarterly Bonus The Employee shall be eligible to be paid a quarterly bonus earned in accordance with the terms set forth on Exhibit 3.2.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • 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 Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

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