Common use of Performance Bonus Clause in Contracts

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus in such amount, in such manner and at such time as shall be determined by the Compensation Committee of the Board of Directors or the Board of Directors, as the case may be.

Appears in 6 contracts

Samples: Employment Agreement (Mfa Mortgage Investments), Employment Agreement (Mfa Mortgage Investments), Employment Agreement (Mfa Mortgage Investments)

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Performance Bonus. The Executive shall be eligible to may receive an annual performance bonus in such amount, in such manner and (“Bonus”) at such time as shall be determined by the Compensation Committee discretion of the Board of Directors or the Board of Directors, as or pursuant to one or more written plans adopted by the case may beboard of directors of the Company.

Appears in 4 contracts

Samples: Executive Employment Agreement (Elandia, Inc.), Executive Employment Agreement (Elandia, Inc.), Executive Employment Agreement (Elandia, Inc.)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus (the “Performance Bonus”) in such amount, in such manner and at such time amount as shall be determined recommended by the CEO and approved by the Compensation Committee of the Board of Directors (the "Compensation Committee") or the Board of Directors, as the case may be. The Performance Bonus shall be paid as soon as practicable after it is vested and nonforfeitable, but in no event later than January 16th of the next following calendar year.

Appears in 3 contracts

Samples: Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Mortgage Investments)

Performance Bonus. The Executive shall be eligible to may receive an annual performance bonus bonuses if and as when any such bonuses are awarded, in such the amount, in such manner and at such time time, as shall be determined by in the Compensation Committee sole discretion of the Board of Directors or the Board compensation committee of Directors, as the case may besuch board.

Appears in 3 contracts

Samples: Employment Agreement (Infocrossing Inc), Employment Agreement (Infocrossing Inc), Employment Agreement (Infocrossing Inc)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus (the “Performance Bonus”) in such amount, in such manner and at such time amount as shall be determined recommended by the CEO and/or the CFO and approved by the Compensation Committee of the Board of Directors (the "Compensation Committee") or the Board of Directors, as the case may be. The Performance Bonus shall be paid as soon as practicable after it is vested and nonforfeitable, but in no event later than January 16th of the next following calendar year.

Appears in 2 contracts

Samples: Employment Agreement (Mfa Mortgage Investments), Employment Agreement (Mfa Financial, Inc.)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus in such amount, in such manner and at such time as shall be determined recommended by the CEO and approved by the Compensation Committee of the Board of Directors (the "Compensation Committee") or the Board of Directors, as the case may be.

Appears in 2 contracts

Samples: Employment Agreement (Mfa Mortgage Investments), Employment Agreement (Mfa Mortgage Investments)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus in such amount, in such manner and at such time as shall be determined recommended by the CEO and/or the CFO and approved by the Compensation Committee of the Board of Directors or the Board of Directors, as the case may be.

Appears in 2 contracts

Samples: Employment Agreement (Mfa Mortgage Investments), Employment Agreement (Mfa Mortgage Investments)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus (the “Performance Bonus”) in such amount, in such manner and at such time amount as shall be determined recommended by the CEO and approved by the Compensation Committee of the Board of Directors (the “Compensation Committee”) or the Board of Directors, as the case may be. The Performance Bonus shall be paid as soon as practicable after it is vested and nonforfeitable, but in no event later than January 16th of the next following calendar year.

Appears in 2 contracts

Samples: Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus in such amount, in such manner and at such time as shall be determined recommended by the CEO and/or the CFO and approved by the Compensation Committee of the Board of Directors (the "Compensation Committee") or the Board of Directors, as the case may be.

Appears in 2 contracts

Samples: Employment Agreement (Mfa Mortgage Investments), Employment Agreement (Mfa Mortgage Investments)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus in such amount, in such manner and at such time as shall be determined (the “Bonus”) contingent upon the satisfaction of performance goals established by the Compensation Committee of Employers, the Board of Directors or the Board of Directors, as the case may bea committee thereof from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Central Federal Corp), Employment Agreement (Central Federal Corp)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus bonuses as determined in such amount, in such manner and at such time as shall be determined by the Compensation Committee absolute discretion of the Board of Directors or the Board of Directors, as which may grant or withhold the case may be.payment of such performance bonus based on any reason or no reason. The payment of any bonus pursuant to this Section 2(b) will be contingent upon the following:

Appears in 1 contract

Samples: Employment Agreement (Touchmark Bancshares, Inc.)

Performance Bonus. The Executive shall be eligible to receive an annual bonus upon achievement of performance bonus in such amount, in such manner and at such time as shall objectives to be determined by the Board or the Compensation Committee of the Board of Directors or (the Board of Directors, as the case may be“Compensation Committee”).

Appears in 1 contract

Samples: Hawkins Employment Agreement (Natus Medical Inc)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus (the “Bonus”) contingent upon the satisfaction of reasonable performance goals established in such amountgood faith by the Employers, in such manner and at such the Board or a committee thereof from time as to time. The Bonus opportunity for 2023 shall be determined by the Compensation Committee 65% of the Board of Directors or the Board of Directors, as the case may beExecutive’s Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Cf Bankshares Inc.)

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Performance Bonus. The Executive shall be eligible to receive an annual performance bonus (the “Bonus”) contingent upon the satisfaction of reasonable performance goals established in such amount, in such manner and at such time as shall be determined good faith by the Compensation Committee of Employers, the Board of Directors or the Board of Directors, as the case may bea committee thereof from time to time.

Appears in 1 contract

Samples: Employment Agreement (Central Federal Corp)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus in such amountaward, targeted at 25%, in such manner recognition of Executive’s contributions to the success of the Company pursuant to the Company’s management incentive bonus program as it may be amended or modified from time to time. Recommendations concerning the decision to make an award and at such time as the amount of any award are entirely discretionary and shall be determined made initially by the Compensation Committee of the Board of Directors or Committee, subject to review and approval by the Board of Directors, as the case may be.

Appears in 1 contract

Samples: Employment Agreement (Sucampo Pharmaceuticals, Inc.)

Performance Bonus. The In addition to the Base Salary, the Executive shall be eligible entitled to receive an annual performance bonus in such amount, in such manner and at such time as shall an amount to be determined by the Compensation Committee of the Company's Board of Directors or using such criteria (including, without limitation, the Board of Directors, Company's financial performance and the Executive's performance against goals and objectives) as the case Compensation Committee may befrom time to time establish in consultation with the Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (Storage Computer Corp)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus in such amount, in such manner and at such time as shall be determined recommended by the CEO and approved by the Compensation Committee of the Board of Directors or the Board of Directors, as the case may be; provided, however, that, with respect to the first year of the Initial Term, the Executive shall be guaranteed an annual performance bonus of not less than $75,000.

Appears in 1 contract

Samples: Employment Agreement (Mfa Mortgage Investments)

Performance Bonus. The Executive shall will be eligible to receive an annual performance bonus bonuses from time to time during the Term of this Agreement at such times and in such amount, in such manner and at such time amounts as shall be determined by the Compensation Committee compensation committee of the Board board of Directors or directors in its sole discretion, in consultation with the Board of Directors, as Executive Chairman and the case may beChief Executive Officer.

Appears in 1 contract

Samples: Employment Agreement (BurgerFi International, Inc.)

Performance Bonus. The Executive shall be eligible to receive an annual performance bonus (the “Bonus”) contingent upon the satisfaction of reasonable performance goals established in such amountgood faith by the Employers, in such manner and at such the Board or a committee thereof from time as to time. The Bonus opportunity for 2023 shall be determined by the Compensation Committee 50% of the Board of Directors or the Board of Directors, as the case may beExecutive’s Base Salary.

Appears in 1 contract

Samples: Employment Agreement (Cf Bankshares Inc.)

Performance Bonus. The Executive shall be eligible to receive an annual bonus upon achievement of performance bonus in such amount, in such manner and at such time as shall objectives to be determined by the Board or the Compensation Committee of the Board of Directors or the Board of Directors, as the case may be(“Compensation Committee”).

Appears in 1 contract

Samples: Hawkins Employment Agreement (Natus Medical Inc)

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