Guaranteed Bonuses Sample Clauses

Guaranteed Bonuses. During each twelve (12)-month period of the Term, the Company shall pay Employee a guaranteed bonus in an amount equal to ONE HUNDRED THOUSAND DOLLARS ($100,000), prorated for any portion thereof, payable in arrears at the end of each three (3)-month period during such twelve (12)-month period of the Term. Amounts payable to Employee pursuant to this Section 5 shall be subject to required withholdings and reviewed for any increases annually by the Committee, provided that any adjustments shall be in the sole discretion of the Committee.
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Guaranteed Bonuses. The Company shall pay Employee the following guaranteed bonuses: (a) FIFTY THOUSAND DOLLARS ($50,000) for the second twelve (12)-month period of the Term; and (b) ONE HUNDRED THOUSAND DOLLARS ($100,000) for the third (12)-month period of the Term, in each case prorated for any portion thereof and payable in arrears at the end of each three (3)-month period during the applicable twelve (12)-month period of the Term. Amounts payable to Employee pursuant to this Section 5 shall be subject to required withholdings and reviewed for any increases annually by the Company, provided that any adjustments shall be in the sole discretion of the Company.
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Guaranteed Bonuses. The Company shall pay Employee the following guaranteed bonuses: (a) FIFTY THOUSAND DOLLARS ($50,000) for the second twelve (12)-month period of the Term; (b) ONE HUNDRED THOUSAND DOLLARS ($100,000) for each of the third, fourth (if any) and fifth (if any) twelve (12)-month periods of the Term, in each case prorated for any portion thereof and payable in arrears at the end of each three (3)-month period during the applicable twelve (12)-month period of the Term. Amounts payable to Employee pursuant to this Section 5 shall be subject to required withholdings and reviewed for any increases annually by the compensation committee of the Board of Directors of the Company (the "Company Board") or, if none, the Company Board (the "Committee"), provided that any adjustments shall be in the sole discretion of the Committee.
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Guaranteed Bonuses. Provision will be made in the Completion Statement for the purpose of calculating the Completion Net Working Capital for guaranteed bonuses as follows: Guaranteed Bonus provision = A X B / C Whereby: A is the budgeted full period bonus (as used for the purposes of preparing the Pro Forma Completion Statement) for each relevant individual; B is the number of days from and including the day comprising the start of the applicable bonus period to and including 30 April 2011; and C is the number of days in the bonus period (e.g 365 days if in respect of an annual bonus scheme)
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Guaranteed Bonuses. For calendar year 2000 and 2001, the Company shall pay the Employee an additional amount of compensation equal to at least $600,000 (the "Guaranteed Bonus"). Up to 30% of the amount of the Guaranteed Bonus shall be paid in stock options or other equity-based units in accordance with the compensation plan of the Company (the "Deferred Portion"); provided that the Deferred Portion shall vest at no lesser a rate than in equal one-third annual installments; and provided, further, that the deferred Portion for 2000 and 2001 shall be no greater, on a percentage basis, than portion of the annual bonus deferred in each of such years with respect to the senior executives of the Company generally. The remainder of the Guaranteed Bonus shall be paid in cash as soon as practical after the end of 2000 or 2001 (as applicable) in accordance with the Company's established
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Guaranteed Bonuses. A guaranteed minimum bonus of One Hundred Fifty Thousand Dollars ($150,000) for each full calendar year within the Employment Term, including the year 2000, payable with respect to each such calendar year within forty-five (45) days after the last day of the preceding calendar year.
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Guaranteed Bonuses. Employee shall receive a guaranteed bonus payable on each anniversary date of this Agreement sufficient to cover all of Employee's tax obligations arising from the forgiveness of any portion of any indebtedness (inclusive of principal and accrued interest) required under any promissory note executed by Employee in connection with the Common Stock grant set forth in Section 4(e) hereinabove (the "Guaranteed Bonus"). In addition, Employee shall receive a supplemental guaranteed bonus on each anniversary date of' this Agreement sufficient to cover all of Employee's tax obligations arising from the foregoing Guaranteed Bonus (the "Supplemental Guaranteed Bonus").
Sample 1
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Guaranteed Bonuses. In respect of each of the calendar years 1997 and 1998, you shall be paid a minimum guaranteed bonus equal to fifty percent (50%) of your base salary, payable in the first quarter of 1998 and 1999, respectively.
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Guaranteed Bonuses 
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Related to Guaranteed Bonuses

  • 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.

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Prior Payment of Guaranteed Obligations In any proceeding under any Bankruptcy Law relating to any other Loan Party, each Guarantor agrees that the Secured Parties shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations.

  • 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”):

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • 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.

  • Cash Bonuses (i) Employee shall be entitled to participate in the Company’s Cash Bonus Plan as set forth on Schedule 1 for 2023. Employee’s participation in such Plan will be pursuant to the terms and conditions thereof. The performance goals applicable to such participation will be consistent with those applicable to other employees at Employee’s level, taking into account Employee’s position and duties.

  • Special Bonus In addition to the Annual Base Salary and Annual Bonus payable as hereinabove provided, if the Executive remains employed with the Company or its affiliated companies through the first anniversary of the Effective Date, the Company shall pay to the Executive a special bonus (the "Special Bonus") in recognition of the Executive's services during the crucial one-year transition period following the Change of Control in cash equal to the sum of (A) the Executive's Annual Base Salary and (B) the Highest Annual Bonus. The Special Bonus shall be paid no later than 30 days following the first anniversary of the Effective Date.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

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