Common use of Performance Bonus Clause in Contracts

Performance Bonus. Executive shall be eligible to earn an annual performance bonus based upon his or her performance and/or the Company’s performance in an amount determined by the Company in its sole discretion (the “Annual Bonus”). Any such annual performance bonus will be paid in cash by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th of the calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment date.

Appears in 6 contracts

Samples: Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.)

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Performance Bonus. Executive shall be eligible have the opportunity to earn an annual performance bonus. The performance bonus based shall be earned upon his or her performance and/or the Company’s performance in an amount determined by Executive and the Company in its sole discretion (the “Annual Bonus”)meeting pre-established performance targets. Any such Executive’s current cash bonus target amount is $[ ]. The annual performance bonus cash bonus, if earned, will be paid at the same time and in cash by the same manner as payments to similarly situated executives of the Company and, except as expressly provided otherwise in fullthis Agreement or in the applicable bonus plan document, less applicable tax and other authorized withholdings, by no later than March 15th shall not be earned unless Executive remains employed with the Company on the date of the calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment datepayment.

Appears in 6 contracts

Samples: Form Employment Agreement (E Trade Financial Corp), Employment Agreement (E Trade Financial Corp), Employment Agreement (E Trade Financial Corp)

Performance Bonus. Executive shall be eligible to earn an annual performance bonus based upon his or her performance and/or the Company’s performance in an amount determined by after Executive’s first anniversary with the Company in its sole discretion (accordance with the “Annual Bonus”)Company’s Management Bonus Plan. Any such Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance bonus will be paid in cash by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th 30th of the calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment date.

Appears in 5 contracts

Samples: Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.)

Performance Bonus. Executive shall will be eligible to earn an annual performance bonus based upon his or her performance and/or the Company’s performance in an amount determined for each year employed by the Company in its sole discretion (based upon Executive and the “Annual Bonus”)Company meeting certain performance objectives to be defined over a reasonable time frame. Any such annual performance The bonus will be paid in cash targeted to provide for a bonus equal to 50% of Base Salary annually if the performance objectives are met. The bonus will be distributed upon the sooner of: (1) ninety (90) days following the end of the Company's fiscal year end; and (2) after the filing by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th of the calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment date.its annual report on Form 10-K.

Appears in 2 contracts

Samples: Employment Agreement (Ascend Acquisition Corp.), Employment Agreement (Ascend Acquisition Corp.)

Performance Bonus. Executive shall be eligible have the opportunity to earn an annual performance bonus based upon in accordance with the Company's Performance Bonus Plan then in effect with a target amount of 90% of his or her performance and/or Base Salary (“Target Bonus”); if the Company does not have a Performance Bonus Plan in effect at any given time during the term of this Agreement, then the Company’s performance in an amount determined by Compensation Committee or Board of Directors shall have discretion as to determining the Company in its sole discretion (the “annual bonus compensation for Executive. Annual Bonus”). Any such annual performance bonus bonuses will be paid in cash by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th of the based on calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment dateyears.

Appears in 1 contract

Samples: Executive Employment Agreement (GT Biopharma, Inc.)

Performance Bonus. Executive shall be eligible to earn an annual receive a performance bonus based upon his or her performance and/or (the Company’s performance "Performance Bonus") for each calendar year during the Term with a target amount of $150,000, or, in an amount determined the case of any calendar year during the Term where Executive is employed by the Company in its sole discretion (the “Annual Bonus”)for only a portion of such calendar year, a pro-rata amount thereof. Any such annual performance bonus will be paid in cash by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th The target amount of the calendar year following Performance Bonus shall be increased annually based on the calendar year CPI in which the services were rendered, subject to continued employment through same manner as the payment date.Annual Salary and the Covenant Payment. The Performance Bonus shall be determined and paid as follows:

Appears in 1 contract

Samples: Employment Agreement (Vantas Inc)

Performance Bonus. In addition to the Base Salary, the Executive shall be eligible to earn for an annual performance bonus (the “Performance Bonus”) based upon his or her on the satisfaction of certain performance and/or the Company’s performance in an amount metrics as determined by the Company Board in its sole discretion (on an annual basis; provided that the “Annual Bonus”)performance metrics for 2023 are reflected on Schedule A attached hereto. Any such annual performance bonus will Performance Bonus earned by the Executive shall be paid in a cash lump sum by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th 15 of the calendar year following the calendar year in for which the services were rendered, subject to continued employment through the payment datebonus is earned.

Appears in 1 contract

Samples: Employment Agreement (Dawson Geophysical Co)

Performance Bonus. Executive shall will be eligible to earn an annual performance bonus based upon his or her performance and/or the Company’s performance in an amount determined for each year employed by the Company in its sole discretion (based upon Executive and the “Annual Bonus”)Company meeting certain performance objectives to be defined over a reasonable time frame. Any such annual performance The bonus will be paid in cash targeted to provide for a bonus equal to a certain percentage of Base Salary annually if the performance objectives are met. The bonus will be distributed upon the sooner of: (1) ninety (90) days following the end of the Company's fiscal year end; and (2) after the filing by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th of the calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment date.its Annual Report on Form 10-K.

Appears in 1 contract

Samples: Settlement and General Release Agreement (Propel Media, Inc.)

Performance Bonus. Executive shall be eligible to earn an annual performance bonus, with the target amount of such bonus equal to 35% of Executive’s base salary, less standard deductions and withholdings (the “Performance Bonus”), as such Performance Bonus may be adjusted from time to time by the Board. Executive’s Performance Bonus will be based upon his or her on corporate and individual performance and/or the Company’s performance in an amount as determined by the Company in its sole discretion (discretion. Executive must be employed by the “Annual Company on the date the Performance Bonus is paid in order to be eligible to earn any Performance Bonus”). Any such annual performance bonus Performance Bonus Executive earns will be paid out in cash by or stock in accordance with the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th of the calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment dateCompany’s standard practice.

Appears in 1 contract

Samples: Employment Agreement (Xencor Inc)

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Performance Bonus. Executive shall be eligible have the opportunity to earn an annual performance bonus based upon in accordance with the Company's Performance Bonus Plan then in effect with a target amount of 65% of his or her performance and/or Base Salary (“Target Bonus”); if the Company does not have a Performance Bonus Plan in effect at any given time during the term of this Agreement, then the Company’s performance in an amount determined by Compensation Committee or Board of Directors shall have discretion as to determining the Company in its sole discretion (the “annual bonus compensation for Executive. Annual Bonus”). Any such annual performance bonus bonuses will be paid in cash by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th of the based on calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment dateyears.

Appears in 1 contract

Samples: Executive Employment Agreement (GT Biopharma, Inc.)

Performance Bonus. Executive shall be eligible to earn an annual performance bonus, with the target amount of such bonus equal to 35% of Executive’s base salary, less standard deductions and withholdings (the “Performance Bonus”). Executive’s Performance Bonus will be based upon his or her on corporate and individual performance and/or the Company’s performance in an amount as determined by the Company in its sole discretion (discretion. Executive must be employed by the “Annual Company on the date the Performance Bonus is paid in order to be eligible to earn any Performance Bonus”). Any such annual performance bonus Performance Bonus Executive earns will be paid out in cash by or stock in accordance with the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th of the calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment dateCompany’s standard practice.

Appears in 1 contract

Samples: Employment Agreement (Xencor Inc)

Performance Bonus. During each year of the Term, the Executive shall be eligible to earn receive an annual bonus (“Performance Bonus”) of up to $50,000 (USD), less applicable payroll deductions and tax withholdings. The Performance Bonus shall be based on the extent to which the Executive has met performance bonus based upon his criteria for the year, as determined in good faith by the Board or her performance and/or the Compensation Committee of the Board, and be paid within thirty (30) days of the Company’s performance issuance of its audited financial statements for that year on Form 10-K (in an amount determined by the Company in its sole discretion (the “Annual Bonus”). Any such annual performance bonus will be paid in cash by the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th of the calendar year following the calendar year in to which the services were rendered, subject to continued employment through the payment datePerformance Bonus relates).

Appears in 1 contract

Samples: Employment Agreement (NanoVibronix, Inc.)

Performance Bonus. The Executive shall be eligible receive a performance bonus, for each calendar year in the amount of 10% of earnings before interest, taxes, depreciation and amortization of the Company and all consolidated businesses calculated pursuant to earn an annual performance bonus based upon his or her performance and/or the generally accepted principles and in a manner consistent with Company’s performance in an amount determined by the Company in its sole discretion past practices (the “Annual Performance Bonus”). Any such annual performance bonus will be paid in cash by Such Performance Bonus is deemed earned at the Company in full, less applicable tax and other authorized withholdings, by no later than March 15th end of the calendar year following and shall be payable, if at all, within sixty (60) days of the end of the calendar year in which the services were rendered, subject to continued employment through the payment dateyear.

Appears in 1 contract

Samples: Employment Agreement (Morlex Inc /Co)

Performance Bonus. Executive shall will be eligible to earn an annual performance bonus (“Performance Bonus”) in addition to his Base Salary. The amount of the Executive’s Performance Bonus will be based upon his or her on the meeting of certain annual Company performance and/or objectives determined by the Board, as detailed in Schedule A to this Agreement. Any Performance Bonus earned by Executive shall be paid at the end of the Company’s performance in an amount determined by fiscal year. The Company shall deduct from any Performance Bonus paid to Executive the Company in its sole discretion (the “Annual Bonus”). Any such annual performance bonus will be paid in cash by the Company in fullrequired federal, less applicable tax state and local withholding taxes, as well as any other authorized withholdings, by no later than March 15th of the calendar year following the calendar year in which the services were rendered, subject to continued employment through the payment datedeductions.

Appears in 1 contract

Samples: Employment Agreement (Profit Planners Management, Inc.)

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