MAXIMUM BONUS Clause Samples
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MAXIMUM BONUS. In addition to the Annual Bonus referenced in paragraph 3(b)(i), beginning for fiscal year 2016 and for each fiscal year thereafter during the Employment Period, based on achievement of criteria determined by the Board as soon as administratively practicable following the beginning of each such fiscal year with input from Executive, Executive shall be eligible to receive a “maximum bonus” in an amount up to, but not exceeding, 125% of Executive’s then Base Salary (the “Maximum Bonus”). The Company shall pay the Maximum Bonus in a single cash lump-sum following the end of the Company’s fiscal year in accordance with procedures established by the Board, but in no event later than two and one-half months after the end of such fiscal year.
MAXIMUM BONUS. The term “Maximum Bonus” shall mean the maximum amount of compensation Employee may earn under the Company’s annual bonus incentive plan for the fiscal year in which the Termination occurs, or if the Company has not specified a maximum amount for such year, for the last year in which the Company had specified such a maximum amount; provided, however, that in no event shall “Maximum Bonus” mean an amount less than two (2) times Target Bonus.
MAXIMUM BONUS. The maximum annual bonus amount payable to Executive shall in no event exceed one hundred fifty (150%) of his Base Salary for the relevant fiscal year.
MAXIMUM BONUS. The term “Maximum Bonus” shall mean (i) Employee’s maximum bonus under the Company’s annual bonus incentive plan for the fiscal year in which a Covered Termination occurs as determined in accordance with Section 3.04b or (ii) if the Company has not specified a maximum bonus for such year, Employee’s maximum bonus under the Company’s annual bonus incentive plan for the last year in which the Company had specified such a maximum bonus, or (iii) if the Company has not specified a maximum bonus in the year of the Covered Termination or in a previous year, the maximum bonus identified in Section 3.04b.
MAXIMUM BONUS. The Bonus for any fiscal year shall be limited to 150% of Executive's Base Salary for that year.
MAXIMUM BONUS. Nothing contained in the Plan or this Agreement shall be construed to allow the payment of a bonus under this Agreement based on a percentage in excess of the maximum percentage set forth on Table B, attached hereto. Notwithstanding any other provision in this Agreement to the contrary, in no event shall the Executive be entitled to a bonus amount for the Plan Year in excess of 1% of the Company’s earnings before income taxes as publicly disclosed in the “Consolidated Results of Operations” section of the financial statements contained in the Company’s annual report to the Securities and Exchange Commission on Form 10-K for the Plan Year.
MAXIMUM BONUS. Notwithstanding anything contained herein to the contrary, in the event of a termination of Employee's employment with the Company, the maximum amount that Employee shall be entitled to receive under paragraph 2.(a) shall be $10,000,000.00. In the event of a Change in Control, there shall be no limit on the amount of the bonus that Employee shall be entitled to receive under paragraph 2(a).
MAXIMUM BONUS. Nothing contained in the Plan or this Agreement shall be construed to allow the payment of a bonus under this Agreement based on a percentage in excess of 225% of Executive’s MIP salary for the year in which the bonus was earned.