Guaranteed Annual Bonus. With respect to each fiscal year of the Company (a “Fiscal Year”) occurring during the Employment Term, the Employer shall pay Executive a guaranteed annual bonus award equal to $500,000 (the “Guaranteed Annual Bonus”) on March 1 of each calendar year immediately following the calendar year in which the Fiscal Year in respect of which the Guaranteed Annual Bonus is payable ends, so long as Executive remains employed with the Employer on such date.
Guaranteed Annual Bonus. The Company shall pay the Employee for each calendar year during the Term a guaranteed annual bonus of $200,000, payable in accordance with normal payroll practices of the Company but in no event later than the 15th day of the third month following the year for which such bonus is paid.
Guaranteed Annual Bonus. For each of the twelve (12) month periods ending on the last day of February 2000, 2001 and 2002, the Company shall pay to the Executive a cash bonus of One Hundred Sixty Six Thousand Six Hundred Sixty Seven and No/100 Dollars ($166,667.00). The bonus payable pursuant to this Paragraph 3(b) shall be paid to Executive in equal semi-annual installments on the last day of August and February throughout the period to which such bonus relates. For example, the bonus to which Executive is entitled for the twelve (12) month period ending on February 29, 2000, shall be paid fifty percent (50%) on August 31, 1999, and fifty percent (50%) on February 29, 2000.
Guaranteed Annual Bonus. If a Change in Control occurs, Executive shall be entitled to a bonus for the fiscal year in which the Change in Control occurs equal to the greatest of (i) Executive’s target bonus for such fiscal year, (ii) the average of the annual (or annualized) bonus paid to Executive for the preceding two fiscal years under the Company’s Executive Officer Annual Incentive Plan, or any successor or other similar annual incentive plan maintained by the Company or (iii) the bonus that is determined in the ordinary course under such a plan for Executive for the fiscal year in which the Change in Control occurs. Notwithstanding the foregoing, if Executive terminates employment by reason of an involuntary termination (other than by reason of Cause, death or Disability in accordance with Section 7.c.) or Constructive Termination after the announcement of, or the execution of a definitive agreement for, a Change in Control and before the end of the fiscal year in which the Change in Control occurs, the bonus payable under this Section 8.b.(ii) shall be prorated based on Executive’s actual period of employment with the Company during the fiscal year of the Change in Control. Any bonus payable under this Section 8.b.(ii) shall be paid in a lump sum cash payment upon the earlier of the normal time for payment under the applicable incentive plan or as soon as practicable following Executive’s termination date, provided, however, in the event Executive shall be entitled to any bonus under Section 7.e.(iii) or, by reference thereto, under Section 7.g, the bonus payable under this Section or Sections 7.e.(iii) or 7.g., whichever is paid later, shall be reduced (but not below zero) by the amount of the bonus first paid.
Guaranteed Annual Bonus. During the Term and subsequent to the Effective Date, the Executive shall receive a guaranteed annual incentive payment (the “Guaranteed Annual Bonus”) equal to not less than one million two hundred fifty thousand dollars ($1,250,000), with any excess over such amount as determined by the Chief Executive Officer of the Company and the Compensation Committee of the Board. The Guaranteed Annual Bonus payable to the Executive shall be paid at the same time the bonuses of Other Senior Executives are paid, but in no event paid later than March 15 of the calendar year following the calendar year to which such Guaranteed Annual Bonus relates; provided, however, that the Guaranteed Annual Bonus for 2018 shall be paid as follows: $600,000 shall be payable in twelve (12) equal installments, with the first installment payable commencing on the Effective Date and the next eleven (11) installments payable on the last business day of the months February–December of 2018 and the remainder shall be payable at the same time the bonuses of Other Senior Executives are paid for 2018, but in no event paid later than March 15, 2019.
Guaranteed Annual Bonus. Subject to the following sentence, Executive shall earn from the Employer a guaranteed annual bonus of $4.0 million in respect of the fiscal year of the Employer (the “Fiscal Year”) ending on December 31, 2008 (the “2008 Guaranteed Annual Bonus”) and shall earn a guaranteed annual bonus of $2.0 million in respect of each of the Fiscal Years during the Employment Period ending on a subsequent December 31 (together with the 2008 Guaranteed Annual Bonus, the “Guaranteed Annual Bonus”). Other than as set forth in Section 4 below or with respect to any portion of a Guaranteed Annual Bonus deferred in accordance with Section 2(c)(vii) below, the Guaranteed Annual Bonus in respect of any Fiscal Year shall be paid not later than the March 15 following the end of such Fiscal Year, and only if Executive is employed by the Employer or the Company on the last day of the Fiscal Year to which such Guaranteed Annual Bonus relates.
