Milestone Bonus. Beginning with the fiscal year ending March 31, 2019 and ending with the fiscal year ending March 31, 2022, the milestone bonus (the “Milestone Bonus”) earned with respect to a given fiscal year, provided that the Employee is employed by the Company on the last day of such fiscal year, is based on the Pre-Tax Yield (as defined below) actually achieved by the Company for such fiscal year (the “Actual Yield”) compared to the relevant target Pre-Tax Yield for such fiscal year set forth below (the “Target Yield”). For these purposes, “Pre-Tax Yield” is defined as operating income before income taxes divided by interest and fee income on finance receivables, adjusted in the sole discretion of the Committee, including without limitation for the following items: 1) changes resulting from a Financial Accounting Standards Board (“FASB”) Accounting Pronouncement, 2) dividends, 3) gain on sale and 4) provision for credit losses if less than charge-offs. Fiscal Year Ending Xxxxx 00, Xxxxxx Xxxxx 0000 7.5% 2020 12.5% 2021 20.0%
Milestone Bonus. The Executive shall be eligible to earn a bonus (the “Milestone Bonus”) based on the Company’s achievement of certain milestones as set forth in Exhibit A, so long as the Executive is employed by the Company on the date the milestone was achieved.
Milestone Bonus. Executive shall be entitled to a bonus payment (each such payment, a “Milestone Bonus”) based on the Company’s achievement of the Milestones set forth in the tables below; provided, however, that Executive must be employed on the date of payment of the applicable Milestone Bonus in order to earn and be paid the Milestone Bonus. Determinations with regards to whether a Milestone has been achieved shall be in the sole discretion of the Company. The Milestone Bonus will be paid within thirty (30) days of the Company’s achievement of the applicable Milestone. The amount of the Milestone Bonus shall be determined as set forth opposite the applicable milestone achieved in the tables below: Consumer Milestones
Milestone Bonus. Upon the achievement of any of the milestones described in this paragraph, the Company shall pay to Executive a bonus ("Milestone Bonus") equal to 10% of Executive's Base Salary at the time the milestone is achieved. Executive shall be entitled to a Milestone Bonus upon the achievement of any one or more of the following:
Milestone Bonus. Beginning with the fiscal year ending March 31, 2021 and ending with the fiscal year ending March 31, 2022, the milestone bonus (the “Milestone Bonus”) earned with respect to a given fiscal year, provided that the Employee is employed by the Company on the last day of such fiscal year, is based on the Pre-Tax Yield (as defined below) actually achieved by the Company for such fiscal year (the “Actual Yield”) compared to the relevant target Pre-Tax Yield for such fiscal year set forth below (the “Target Yield”), with a target payout of $150,000 at 100% of goal. For these purposes, “Pre-Tax Yield” is defined as operating income before income taxes divided by interest and fee income on finance receivables, adjusted in the sole discretion of the Committee, including without limitation for the following items: 1) changes resulting from a Financial Accounting Standards Board (“FASB”) Accounting Pronouncement, 2) dividends, 3) gain on sale and 4) provision for credit losses if less than charge-offs. Fiscal Year Ending March 31, Target Yield 2021 12.5% 2022 20.0% The percentage obtained for a fiscal year by dividing (x) the Actual Yield for such fiscal year by (y) the Target Yield for such fiscal year shall be defined as the “Performance Percentage.” At a Performance Percentage of 100%, the Milestone Bonus equals $150,000. If the Performance Percentage is less than 80%, no Milestone Bonus is earned with respect to such fiscal year. If the Performance Percentage is 80% or higher, the Milestone Bonus with respect to such fiscal year shall be equal to the amount obtained by multiplying the Performance Percentage by $150,000. By way of example, if the Actual Yield for the fiscal year ending March 31, 2021 is 15.0%, the Milestone Bonus with respect to such fiscal year will be $180,000, representing 120% multiplied by $150,000.
Milestone Bonus. In addition, the Executive shall receive a lump sum cash payment equal to $500,000, payable within 30 days following a Commercial Launch (the “Milestone Bonus”), subject to his continued employment through the date of such Commercial Launch (other than as set forth in Section 4(b)). For purposes of this Agreement, “Commercial Launch” means the first powered flight of Spaceship Unity that (i) attains an altitude of at least 50 miles with four fare-paying passengers on board and (ii) safely returns to base with all major systems functioning nominally throughout the flight.
Milestone Bonus. As further compensation for his services --------------- hereunder, the Company may, from time to time, pay Executive a bonus (the "Bonus"), upon the achievement of certain milestones. The Bonus available to Executive for the 1999 calendar year (the "1999 Bonus") is equal to one percent of development contract payments payable under the DARPA Contract (as defined in the Acquisition Agreement) which are assigned from Micron to the Company during the 1999 calendar year. Two thirds of any 1999 Bonus due to Executive will be paid to the Executive within 30 days after DARPA assigns the DARPA Contract to PixTech, and one third of any 1999 Bonus due to Executive shall be paid within 30 days after the Company receives all such payments due the Company pursuant to the DARPA Contract.
Milestone Bonus. Executive shall be eligible for a bonus of up to Xxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (US$100,000) per year, to be paid based upon achievement of goals and milestones, the terms and achievement of which shall be determined at the discretion of the Board of Directors.
Milestone Bonus. You will be eligible for two potential cash milestone bonuses of $200,000.00. The first will be earned if you are still employed by SIGA and performing the functions of Chief Scientific Officer of SIGA substantially in accordance with your current job responsibilities on December 31, 2019. The second will be earned if you are so employed and performing on December 31, 2020. Each milestone bonus to which you are entitled pursuant to this Addendum will be paid to you on the first regular payroll date following the date on which such bonus is earned, in each case in accordance with SIGA’s then-existing payroll procedures.
Milestone Bonus. Executive shall be entitled to receive a one-time bonus in the amount of Fifty Thousand Dollars (US$50,000.00) (the “Milestone Bonus”) upon the U.S. Food and Drug Administration’s (the “FDA”) approval of the Company’s Biologics License Application filing, payable to the Executive within thirty (30) days of the date of such FDA approval, provided that the Executive is the CFO or COO at the time of said event.
