INCENTIVE CASH BONUS. (a) In addition to the Base Salary, the Company shall pay Executive an annual incentive cash bonus pursuant to the formula attached hereto as Schedule A and based upon the satisfaction of the revenue and EBITDA goals established under the fiscal 2004 budget attached hereto as Schedule B, adjusted for expenses incurred outside of the budget solely at the discretion of the Board and for all non-recurring expenses incurred outside of budget associated in any way with the relocation of the Company offices and data center facilities. Within 45 days following each fiscal quarter end or 90 days following the fiscal year end, as applicable, the Company will estimate the cumulative incentive cash bonus due to Executive for the fiscal year-to-date, less a reserve amount equal to 20% of such amount (the "Estimated Cumulative Incentive Cash Payment"), except for the fourth fiscal quarter whereupon no such reserve amount shall be deducted. On such date, the Company will pay to the Executive the Estimated Cumulative Incentive Cash Payment, less the total of all prior Estimated Cumulative Incentive Cash Payments made thus far for the fiscal year in question.
INCENTIVE CASH BONUS. The Company shall pay to the Executive's estate, within thirty (30) days of the Executive's death, the incentive cash bonus otherwise due Executive for the fiscal year during which the Date of Termination occurs, calculated in accordance with the provisions of Section 2.5.
INCENTIVE CASH BONUS. The Company shall pay to the Executive within ten (10) days of the Date of Termination an amount equal to 100% of the incentive cash bonus then owed to Executive on a pro rata basis for the fiscal year during which the Date of Termination occurs, calculated in accordance with the provisions of Section 2.5.
INCENTIVE CASH BONUS. Within seventy-five (75) days after the end of fiscal year 1999 of the Company, the Company shall pay Employee a cash bonus (the "Incentive Cash Bonus"), in an amount not to exceed Forty Thousand Dollars ($40,000), prorated for the portion of such fiscal year that Employee was employed by the Company, if, and only if, Employee achieves specific goals concerning the financial or other performance of the Company as established by the Board after consultation with the Employee within thirty (30) days from the date hereof. Within seventy-five (75) days after the end of each fiscal year thereafter, Company shall determine, and if appropriate, pay Employee an Incentive Cash Bonus, in an amount not to exceed Forty Thousand Dollars ($40,000), determined by and in the reasonably exercised discretion of the Board and based upon the Employee's achievement of specific goals concerning the financial or other performance of the Company for such fiscal year, previously established by the Board after consultation with the Employee. At least once every twelve (12) months the Board shall review the maximum amount of Employee's potential Incentive Cash Bonus and make such adjustments to such maximum amount thereof as it reasonably deems appropriate provided that such maximum amount shall not be reduced.
INCENTIVE CASH BONUS. Within seventy-five (75) days after the end of fiscal year 1999 of the Company, the Company shall pay Employee a cash bonus (the "Incentive Cash Bonus"), in an amount equal to twenty-five percent (25%) of Employee's Salary, if, and only if, Employee achieves each and every specific goal set forth on Exhibit A attached hereto by the date which corresponds to each such goal set forth thereon, subject to a ten (10) day grace period. Within seventy-five (75) days after the end of each fiscal year thereafter, Company shall determine, and if appropriate, pay Employee an Incentive Cash Bonus, in an amount not to exceed twenty-five (25%) of Employee's Salary, determined by and in the reasonably exercised discretion of the Board and based upon the Employee's achievement of specific goals concerning the financial or other performance of the Company for such fiscal year, previously established by the Board after consultation with the Employee.
INCENTIVE CASH BONUS. Within sixty (60) days from the date of this Agreement, the Compensation Committee of the Board shall establish an incentive bonus plan providing Employee the opportunity to earn a cash bonus not to exceed Seventy-Five Thousand Dollars ($75,000) based upon Employee's achievement of specific goals concerning the financial performance of the Company during the Company's fiscal year as established by the Compensation Committee. The bonus, if payable, shall be paid to Employee within 90 days following the end of the fiscal year of the Company.
INCENTIVE CASH BONUS. Executive shall be entitled to receive such incentive cash bonuses as may be awarded to him from time to time by and in the absolute discretion of the Board of Directors.
INCENTIVE CASH BONUS. While employed hereunder, the Executive will be eligible to participate in any cash incentive programs made available to officers of the Company at a level consistent with his position and the stated compensation philosophy of the Company, as described in the Compensation Discussion and Analysis section of FSII’s then-current proxy statement on Schedule 14A filed with the Securities and Exchange Commission. The Executive will be enrolled in the Enhanced Fairchild Incentive Plan (EFIP), at a participation level of at least 150%. If the EFIP plan is changed or replaced, the Executive will be enrolled in any subsequent plan at a level equivalent to such EFIP participation level.
INCENTIVE CASH BONUS. Within seventy-five (75) days after the end of fiscal year 2000 of the Company, the Company shall determine, and if appropriate, pay Employee a cash bonus (the "Incentive Cash Bonus"), in an amount not to exceed One Hundred Five Thousand Dollars ($105,000), prorated for the portion of such fiscal year that Employee was employed by the Company, if, and only if, Employee achieves specific goals concerning the financial or other performance of the Company as established by the Board after consultation with the Employee within sixty (60) days from the later of the date of this Agreement or the start of such fiscal year. Within seventy-five (75) days after the end of each fiscal year thereafter, Company shall determine, and if appropriate, pay Employee an Incentive Cash Bonus, in an amount not to exceed One Hundred Five Thousand Dollars ($105,000), determined by and in the reasonably exercised discretion of the Board and based upon the Employee's achievement of specific goals concerning the financial or other performance of the Company for such fiscal year, previously established by the Board after consultation with the Employee.
INCENTIVE CASH BONUS. A cash bonus up to a maximum of $30,000 for the first year of the Employment Term will be paid based on the extent to which Company's performance exceeds Executive's budget as established by the Board of Directors in good faith with Executive. After the first year, the Board and Executive will mutually agree upon a reasonable performance bonus for Executive, provided that, if Executive has met or exceeded his budget in the first year, then the maximum bonus to be earned during the second year of Employment Term shall be greater than $30,000.
