Common use of Incentive Bonus Payments Clause in Contracts

Incentive Bonus Payments. Employee will be eligible to participate in Holdings' Annual Incentive Plan. The level of the bonus available to the Employee will be set forth in the Annual Incentive Plan and will be awarded in consideration of individual and Company performance based on performance goals and objectives determined by the Compensation Committee. A xxxxxx description of how corporate and individual performance operate in tandem to determine the calculation of bonuses for your position will be described in the Annual Incentive Plan. The Annual Incentive Plan document will be developed by the Compensation Committee and is subject to amendment from time to time with changes as adopted by the Compensation Committee or full Board of Directors. As further described in the Annual Incentive Plan (i) corporate and individual performance in combination may permit the employee to earn a target bonus equal to 50% of Base Annual Salary, (ii) lesser corporate or individual performance may cause bonus payments to be in an amount less than 50% of Base Annual Salary or result in no bonus being payable and (iii) greater corporate and individual performances may result in the bonus being more than 50% of Base Annual Salary. When the bonus payment reaches more than 50% of Base Annual Salary, the Company reserves the right to pay some or all of the portion of the bonus that is above 50% of Base Annual Salary in Holdings unrestricted company stock. Any bonus paid under the Annual Incentive Plan will be paid no later than two weeks following the completion of the year-end audit for the applicable year.

Incentive Bonus Payments. Employee will be eligible to participate in Holdings' ’ Annual Incentive Plan. The level of the bonus available to the Employee will be set forth in the Annual Incentive Plan and will be awarded in consideration of individual and Company corporate performance based on performance goals and objectives determined by the Holdings Compensation Committee. A xxxxxx description of how corporate and individual performance operate in tandem to determine the calculation of bonuses for your position will be described in the Annual Incentive Plan. The Annual Incentive Plan document will be developed by the Holdings Compensation Committee and is subject to amendment from time to time with changes as adopted by the Compensation Committee or full Board of DirectorsDirectors of Holdings. As further described in the Annual Incentive Plan (i) Plan, corporate and individual performance in combination may permit the employee Employee to earn a target bonus equal to 50% of Base Annual Salary, (ii) lesser . Lesser corporate or individual performance may cause bonus payments to be in an amount less than 50% of Base Annual Salary or result in no bonus being payable and (iii) greater payable. Greater corporate and individual performances may result in the bonus being more than 50% of Base Annual Salary. When the bonus payment reaches more than 50% of Base Annual Salary, the Company Atlas reserves the right to pay some or all of the portion of the bonus that is above 50% of Base Annual Salary in Holdings unrestricted company stockstock payable under the Atlas Air Worldwide Holdings, Inc. 2004 Long Term Incentive and Share Award Plan. Any bonus paid under the Annual Incentive Plan will be paid no later than two weeks following the completion of the year-end audit for the applicable year. For calendar year 2006, Base Annual Salary shall be the weighted blend of the Base Annual Salary described above, and the base annual salary provided to the Employee immediately prior to the effective date of this Agreement.

Incentive Bonus Payments. Employee will be eligible to participate in Holdings' ’ Annual Incentive Plan. The level of the bonus available to the Employee will be set forth in the Annual Incentive Plan and will be awarded in consideration of individual and Company Atlas performance based on performance goals and objectives determined by the Compensation Committee of Holdings (the "Compensation Committee"). A xxxxxx description of how corporate and individual performance operate in tandem to determine the calculation of bonuses for your position will be described in the Annual Incentive Plan. The Annual Incentive Plan document will be developed by the Compensation Committee Committee, and is subject to amendment from time to time with changes as adopted by the Compensation Committee or full Board of DirectorsDirectors of Holdings. As further described in the Annual Incentive Plan (i) corporate and individual performance in combination may permit the employee to earn a target bonus equal to 5080% of Base Annual Salary, (ii) lesser corporate or individual performance may cause bonus payments to be in an amount less than 5080% of Base Annual Salary or result in no bonus being payable and (iii) greater corporate and individual performances may result in the bonus being more than 5080% of Base Annual Salary, with a maximum of 160% of Base Annual Salary. When the bonus payment reaches more than 50% of Base Annual Salary, the Company Atlas reserves the right to pay some or all of the portion of the bonus that is above 50% of Base Annual Salary in Holdings unrestricted company stock. Any bonus paid under the Annual Incentive Plan will be paid no later than two weeks following the completion of the year-end audit for the applicable year. The bonus payable for 2006 shall be pro-rated, i.e., based only on the portion of Base Annual Salary actually earned during such year.

Incentive Bonus Payments. Employee will be eligible to participate in Holdings' Annual Incentive Plan. The level of the bonus available to the Employee will be set forth in the Annual Incentive Plan and will be awarded in consideration of individual and Company corporate performance based on performance goals and objectives determined by the Atlas Compensation Committee. A xxxxxx fuller description of how corporate and individual performance operate in opexxxx xn tandem to determine the calculation of bonuses for your position will be described in the Annual Incentive Plan. The Annual Incentive Plan document will be developed by the Holdings Compensation Committee and is subject to amendment from time to time with changes as adopted by the Compensation Committee or full Board of DirectorsDirectors of Holdings. As further described in the Annual Incentive Plan (i) Plan, corporate and individual performance in combination may permit the employee Employee to earn a target bonus equal to 50% of Base Annual Salary, (ii) lesser . Lesser corporate or individual performance may cause bonus payments to be in an amount less than 50% of Base Annual Salary or result in no bonus being payable and (iii) greater payable. Greater corporate and individual performances may result in the bonus being more than 50% of Base Annual Salary. When the bonus payment reaches more than 50% of Base Annual Salary, the Company Atlas reserves the right to pay some or all of the portion of the bonus that is above 50% of Base Annual Salary in Holdings Atlas unrestricted company stockstock payable under the Atlas Air Worldwide Holdings, Inc. 2004 Long Term Incentive and Share Award Plan. Any bonus paid under the Annual Incentive Plan will be paid no later than two weeks following the completion of the year-end audit for the applicable year.

Incentive Bonus Payments. Employee will be eligible to participate in Holdings' Annual Incentive Plan. The level of the bonus available to the Employee will be set forth in the Annual Incentive Plan and will be awarded in consideration of individual and Company corporate performance based on performance goals and objectives determined by the Holdings Compensation Committee. A xxxxxx fuller description of how corporate and individual performance operate in tandem xx xxxdem to determine the calculation of bonuses for your position will be described in the Annual Incentive Plan. The Annual Incentive Plan document will be developed by the Holdings Compensation Committee and is subject to amendment from time to time with changes as adopted by the Compensation Committee or full Board of DirectorsDirectors of Holdings. As further described in the Annual Incentive Plan (i) Plan, corporate and individual performance in combination may permit the employee Employee to earn a target bonus equal to 50% of Base Annual Salary, (ii) lesser . Lesser corporate or individual performance may cause bonus payments to be in an amount less than 50% of Base Annual Salary or result in no bonus being payable and (iii) greater payable. Greater corporate and individual performances may result in the bonus being more than 50% of Base Annual Salary. When the bonus payment reaches more than 50% of Base Annual Salary, the Company Atlas reserves the right to pay some or all of the portion of the bonus that is above 50% of Base Annual Salary in Holdings unrestricted company stockstock payable under the Atlas Air Worldwide Holdings, Inc. 2004 Long Term Incentive and Share Award Plan. Any bonus paid under the Annual Incentive Plan will be paid no later than two weeks following the completion of the year-end audit for the applicable year.