Long-Term Bonus. “Long Term Bonus” shall mean (i) any long term incentive award(s) payable to Executive pursuant to the TETRA’s Cash Incentive Compensation Plan, or any successor plan as adopted by TETRA and in which the Executive participates, and (ii) any other long term cash incentive or bonus award(s) granted by the Company or TETRA to the Executive.
Long-Term Bonus. Beginning with the fiscal year ending March 31, 2021 and ending with the fiscal year ending March 31, 2022, the long-term bonus (the “Long-Term Bonus”) earned with respect to a given fiscal year (the “Determination Year”), provided that the Employee is employed by the Company on the last day of the Determination Year, is based on (A) the three-year rolling average annual growth in tangible book value per share of the Company’s common stock over the three successive fiscal years ending on the last day of the Determination Year, adjusted in the sole discretion of the Compensation Committee, including without limitation for the following items: 1) changes resulting from a FASB Accounting Pronouncement, 2) share buy-backs, 3) dividends, 4) stock splits, 5) gain on sale and 6) provision for credit losses if less than charge-offs, and (B) the Employee’s Base Salary for the Determination Year. The Long-Term Bonus earned with respect to a Determination Year shall consist of a cash component (the “Cash Component”) and a restricted stock component (the “Restricted Stock Component”) and shall be calculated as follows:
Long-Term Bonus. “Target Long Term Bonus” shall mean the target incentive award opportunity for Executive as established with respect to any Long Term Bonus.
Long-Term Bonus. The Executive shall participate in all long-term incentive plans generally applicable to senior management of the Corporation and in any other long-term plan in which the Executive is designated by the Board to participate (the "Long Term Bonus"). In the event of termination of Executive's employment triggering compensation under Section 6(a) of this Agreement prior to expiration of any performance cycle (the "Performance Cycle") under a longer term incentive plan amounts due Executive under Section 6(a) of this Agreement shall be determined as follows:
Long-Term Bonus. The Executive will be eligible to receive a long-term incentive award for 2013 under the terms of the LTIP (the “2013 Award”). The Executive’s 2013 Award may be earned upon achievement of the performance goals set by the Company for the applicable performance period. The 2013 Award is payable in cash or securities of the Company, in accordance with the terms of the LTIP.
Long-Term Bonus. For the period (the "Period") beginning on July 1, 1997 and ending on June 30, 2001, the Employee shall be eligible to receive a long-term bonus (the "Long-Term Bonus") payable by the Company, of up to 100% of the aggregate of his entire Base Salary during the initial four (4) year Term of this Agreement (the "Cumulative Base Salary") (such bonus to be calculated as contemplated in the following table), 75% of which will be based upon the achievement of certain cumulative Net Income for the Period and 25% of which will be based upon the achievement of certain cumulative Cash Flow for the Period (such criteria being hereinafter collectively referred to as the "Long-Term Targets"). The Long-Term Targets shall be agreed upon not less than 90 days following the date hereof. The parties acknowledge that it is their intention that the Long-Term Targets shall be set at levels that are reasonably achievable. In the event that the Company does not achieve a Long-Term Target during the Period, the Compensation Committee may (but shall have no obligation to) award the Employee a bonus with respect to such period and, if the Compensation Committee does so, such bonus shall be in such amount as the Compensation Committee, in its sole, absolute and unrestricted discretion, shall determine. The Long-Term Bonus payable hereunder shall be payable in a single installment within 30 days following the Delivery Date of the Company's audited financial statements for the period ended June 30, 2001. Any Long-Term Bonus otherwise payable hereunder shall be reduced by amounts previously paid as Annual Bonus hereunder. Upon the achievement of the percentage of any Long-Term Target specified below during the Period, the Employee shall be entitled to receive a Long-Term Bonus equal to the percentage specified below, of his Cumulative Base Salary (an aggregate of 100% of Cumulative Base Salary if both such Long-Term Targets are fully achieved at the Maximum Long-Term Percentage): % of Long-Term % of Cumulative Base Target Cumulative Salary for the Net Income Achieved Period to be Paid Less than 90% 0% 90+ to 99.9 37.5 99.9+ to 109.9 56.25 over 109.9 (the 75 "Maximum Long- Term Percentage") % of Long-Term % of Cumulative Target Cumulative Base Salary for the Cash Flow Achieved period to be Paid Less than 90% 0% 90+ to 99.9 12.5 99.9+ to 109.9 18.75 over 109.9 (the 25 "Maximum Long- Term Percentage")
Long-Term Bonus. Employee shall receive an annualized long-term bonus (“Long-Term Bonus”) of no less than one hundred sixty five thousand, one hundred ninety seven dollars ($165,197), which shall be granted to Employee on the last day of the applicable period, and shall be in the form of Parent restricted stock, which shall vest in three (3) equal one-third (1/3) increments on the first, second, and third anniversaries of the date of grant. The Parent restricted stock granted shall be for a number of Parent shares equal to the Long-Term Bonus divided by the eleven (11) day average per share New York Stock Exchange closing price of Parent stock (which shall include the date of grant, the five trading days prior to the date of grant and the five trading days following the date of grant).
Long-Term Bonus. During the Term, Executive shall be eligible to receive a long-term cash bonus, the receipt of which is subject to vesting (the “Long Term Bonus”) as described below.
Long-Term Bonus. On or before January 7, 1998 Employer shall pay to Employee a long-term bonus in the amount of $500,000 (provided that the Final Closing Balance Sheet, as that term is defined in that certain Recapitalization Agreement by and between Young America Corporation, Jay X. Xxxxxxx, Xxe John X. Xxxxxxx 0005 Irrevocable Trust, The Shelxxx XxXxxxxx Xxxxxxx 0005 Irrevocable Trust, The John X. Xxxxxxx 0007 Irrevocable Trust, the Jay X. Xxxxxxx Xxxevocable Annuity Trust, and B. T. Capital Partners, Inc. ("Recapitalization Agreement")) reflects an accrued liability of such amount. This amount shall satisfy Employer's obligation to Employee pursuant to Paragraphu4.05(b) of the Original Employment Agreement.
Long-Term Bonus. If the Employee does not terminate his employment with the Corporation prior to September 25, 2003, he shall receive a bonus in the amount of CDN$750,000 which shall be payable on or before November 15, 2003. For the purposes of this paragraph 2 of Schedule A, the expression "terminate his employment" shall be defined as :
