Participation in Bonus Plan. Karp shall be entitled tx xxrticipate in such bonus or other incentive compensation plan(s) as currently is or may hereafter be established by the Corporation or the Bank for their respective executive officers during the Employment Period. Any such bonus shall be payable in the manner specified by the appropriate Board of Directors, or committee of such Board of Directors, at the time such bonus is awarded.
Participation in Bonus Plan. During the term of this Agreement, Employee shall be eligible to participate in an annual performance-based bonus plan to be agreed upon between the Company and the Employee each year of the term hereof, but whose criteria is generally based upon the achievement of certain operating profit, net revenue and receivables management goals, among others, that may be mutually determined by the Company and the Employee, with such plan providing the opportunity for the Employee to earn up to thirty percent (30%) of his annual salary as additional compensation.
Participation in Bonus Plan. Beginning for calendar year 2012 (for which bonuses, if any, are expected to be payable during the first quarter of 2013), Employee will be entitled to participate in the Cash Bonus Plan to be adopted by New Jazz following the date of this Agreement (the “Cash Bonus Plan”), pursuant to the terms of the Cash Bonus Plan and with terms that are expected to be substantially similar to the existing Jazz Cash Bonus Plan. Whether or not Employee earns any bonus will be dependent on actual achievement of applicable individual and corporate performance goals, as determined by Employer, and is subject to (a) Employee’s continued employment with Employer through the date the bonus is paid, (b) Employee being in good standing through the date the bonus is paid and (c) Employee not having given notice of resignation through the date the bonus is paid. Employee’s target bonus percentage under the Cash Bonus Plan will be aligned to the target level in the plan for Senior Vice Presidents, which is currently 40% of base salary received during the calendar year, as determined in accordance with the Cash Bonus Plan.
Participation in Bonus Plan. Dorman shall be entitled xx xxrticipate in such bonus or other incentive compensation plan(s) as currently is or may hereafter be established by the Corporations for their respective executive officers during the Employment Period. Any such bonus shall be payable in the manner specified by the appropriate Board of Directors, or committee of such Board of Directors, at the time such bonus is awarded.
Participation in Bonus Plan. Employee will be paid a bonus by Company for the fiscal year ending August 31, 1996 to the extent Employee has earned the same under the terms of Company's 1996 Bonus Plan. Payment will be made on January 2, 1997. Employee recognizes that pursuant to said Plan, amounts awarded are at the absolute discretion of Company and also subject to certain covenants in Company's loan agreements. Employee will not be entitled to a bonus for the fiscal year ending August 31, 1997.
Participation in Bonus Plan. Rockford will also pay Employee a bonus based on (a) Rockford's profit sharing plan as approved by the board of directors and (b) its evaluation of Employee's performance each year. Rockford's President and Chief Executive Officer will recommend, and its compensation committee and board of directors will approve, Employee's bonus annually, at their discretion. Bonuses are paid based on Rockford's performance (including net income before taxes, net operating income, net cash flow, return on equity, increase in shareholder equity, and corporate transactions). Employee's target bonus is a XXXXX* but Employee acknowledges that bonuses are discretionary, may vary in amount from the target, and may not be paid depending upon the decisions of Rockford's compensation committee and board of directors.
Participation in Bonus Plan. Rockford will also pay Employee a bonus based on (a) * Confidential information redacted and filed separately with the Commission. 43 Rockford's bonus plan as approved by the board of directors and (b) its evaluation of Employee's performance each year. Rockford's President and Chief Executive Officer will recommend, and its compensation committee and board of directors will approve, Employee's bonus annually, at their discretion. Bonuses are paid based on Rockford's performance (including net income before taxes, net operating income, net cash flow, return on equity, increase in shareholder equity, and corporate transactions). Employee's target bonus is $xxxxx*, but Employee acknowledges that bonuses are discretionary, may vary in amount from the target, and may not be paid depending upon the decisions of Rockford's compensation committee and board of directors.
Participation in Bonus Plan. Dxxxxx shall be entitled to participate in such bonus or other incentive compensation plan(s) as currently is or may hereafter be established by the Corporations for their respective executive officers during the Employment Period. Any such bonus shall be payable in the manner specified by the appropriate Board of Directors, or committee of such Board of Directors, at the time such bonus is awarded.
Participation in Bonus Plan. Kxxx shall be entitled to participate in such bonus or other incentive compensation plan(s) as currently is or may hereafter be established by the Corporation or the Bank for their respective executive officers during the Employment Period. Any such bonus shall be payable in the manner specified by the appropriate Board of Directors, or committee of such Board of Directors, at the time such bonus is awarded.
Participation in Bonus Plan. For calendar year 2012, the Employee’s eligibility for an annual bonus shall be as follows: (a) the portion of Employee’s 2012 bonus correlating to the time period in 2012 prior to the Closing Date will be determined under the terms of EUSA’s 2012 Executive Committee Bonus Plan; and (b) the portion of Employee’s 2012 bonus correlating to the time period in 2012 on and after the Closing Date will be determined under the terms of Jazz’s Cash Bonus Plan (the “Cash Bonus Plan”). By way of example, if the Closing Date is June 30, 2012, fifty percent (50%) of Employee’s 2012 bonus will be determined under the terms of EUSA’s 2012 Executive Committee Bonus Plan, and fifty percent (50%) of Employee’s 2012 bonus will be determined under the terms of the Cash Bonus Plan. The 2012 bonus, if any, is expected to be payable no later than April 15, 2013. Whether or not Employee earns any 2012 bonus will depend on actual achievement of applicable individual and corporate performance goals, as determined by EUSA in its sole and absolute discretion, and is subject to (a) Employee’s continued employment with EUSA (or Jazz) through the date the bonus is paid, and (b) Employee being in good standing through the date the bonus is paid (which shall include, without limitation, Employee not being subject to disciplinary proceedings). Employee’s target bonus percentage under the 2012 Cash Bonus Plan will be determined by Jazz taking into account Employee’s position level in relation to other participants in the Cash Bonus Plan. Following calendar year 2012, Employee shall be eligible to participate in the Cash Bonus Plan then-in-effect, or such other bonus plan, if any, as to be determined within the discretion of Jazz. Jazz reserves the right, subject to approval by the Compensation Committee of the board of directors of Jazz, to withdraw or amend the terms of the Cash Bonus Plan at any time.
