Incentive Bonus Opportunity. If the Performance Objectives (defined below) are met, Executive will be eligible for a cash bonus opportunity of 150% to 200% of annualized Base Salary, payable on the last day of the Term, subject to continued employment through the last day of the Term, unless the Company determines in its sole discretion to pay all or a portion of the cash bonus prior to the end of the Term, subject to continued employment through the payment date, based on progress toward achievement of the Performance Objectives. The Performance Objectives means those specified performance objectives attached hereto as Exhibit A and incorporated herein. The level of satisfaction of the Performance Objectives will be determined by the Compensation Committee based on recommendation from the CEO.
Incentive Bonus Opportunity. In addition to his base salary, Executive may receive incentive bonus compensation in respect of the Company's fiscal year ending September 30, 1990 and each subsequent fiscal year ending during the Employment Period, in an amount up to 50% of Executive's base salary on the first day of the applicable fiscal year (the "Annual Award"). The amount, if any, of each such Annual Award shall be determined by the Board of Directors of the Company in its sole discretion; provided, however, that the Annual Award in respect of the fiscal year ending September 30, 1990 shall not be less than 12.5% of the salary payments made to Executive pursuant to Section 4(a) during such fiscal year. Executive shall not receive any Annual Award unless he is employed by the Company at the end of the fiscal year to which such Annual Award relates. Any Annual Award will be paid to Executive within 90 days following the end of the fiscal year to which such Annual Award relates. 5.
Incentive Bonus Opportunity. Within sixty (60) days following the closing of each Monetization Event occurring after the date hereof, the Company shall pay you, in a cash lump sum, an amount equal to (i) two percent (2%) of the aggregate cash proceeds from all Monetization Events that have occurred after the date hereof through and including such date that are received by Lone Star Funds in excess of $650,000,000 and less than or equal to $1,000,000,000, and (ii) four percent (4%) of any such cash proceeds received by Lone Star Funds in excess of $1,000,000,000, less (iii) any prior payments you have received under this Agreement (such payment, an “Incentive Bonus”). If any such Monetization Event occurs following your termination of employment, the amount of any Incentive Bonus shall be appropriately reduced to reflect the portion of the Award that was vested at the time of termination of employment.
Incentive Bonus Opportunity. In addition to the compensation set forth in Paragraphs 4(a) and (b), Executive may receive incentive bonus compensation in respect of each fiscal year ending during the Employment Period (the "Annual Award"). The amount, if any, of each such Annual Award shall be determined by the Board of Directors of the Company in its sole discretion. Executive shall not receive any Annual Award unless he is employed by the Company at the end of the fiscal year to which such Annual Award relates. Any Annual Award will be paid to Executive within 120 days following the end of the fiscal year to which such Annual Award relates.
Incentive Bonus Opportunity. During the Employment Period, the Executive shall be eligible for such incentive bonus as may be deemed advisable by the Board of Directors of the Company in consideration of the Executive's performance during each year of the Employment period and the Company's profitability. The Company, however, shall not be obligated to pay any bonus until the Board of Directors approves and declares such incentive fee.
Incentive Bonus Opportunity. The amounts of the Targeted and the Maximum Bonus Opportunity for each Participant in Tier I, Tier II, Tier III and Tier IV respectively shall be based upon a formula or formulas determined by the Compensation Committee on an annual basis and shall be defined as a percentage of base salary for each Participant.
Incentive Bonus Opportunity. In addition to his base salary, Executive may receive incentive bonus compensation in respect of each fiscal year ending during the Employment Period. The amount, if any, of each such Annual Award shall be determined by the Board of Directors of the Company in its sole discretion. Executive shall not receive any Annual Award unless he is employed by the Company at the end of the fiscal year to which such Annual Award relates. Any Annual Award will be paid to Executive within 120 days following the end of the fiscal year to which such Annual Award relates.
