FY 2007 Sample Clauses

FY 2007. To the extent not previously vested under Section 4(a), Section 4(b)(i) or Section 4(b)(i)(1) or (2) above, all remaining unvested Performance Shares shall become vested on January 1, 2008 (i.e., the Grantee will become 100% vested in all 166,000 Performance Shares) if both of the following requirements have been met: (A) the Company’s Revenue for 2007 exceeds its Revenue for 2003 by one hundred seven and thirty-six one hundreds percent (107.36%) or more, and (B) the Company’s Net Income for 2007 exceeds its Net Income for 2003 by one hundred forty-four and fourteen one hundreds percent (144.14%) or more.
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FY 2007. 78 GAAP . . . . . . . . . . . . . . . . . . . . 78
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Related to FY 2007

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • 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 Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.