Common use of Performance Bonus Clause in Contracts

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the Company’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent (75%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the Company’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half (2 1/2) months after the end of such fiscal year.

Appears in 6 contracts

Sources: Separation Benefits Plan (Waste Connections, Inc.), Separation Benefits Plan (Waste Connections, Inc.), Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent Fifty Percent (7550%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 6 contracts

Sources: Separation Benefits Plan (Waste Connections, Inc.), Separation Benefits Plan (Waste Connections, Inc.), Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent Eighty Percent (7580%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the ​ ​ ​ Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 2 contracts

Sources: Separation Benefits Plan Participation Agreement (Waste Connections, Inc.), Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent Seventy Percent (7570%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus Tel (▇▇▇) ▇▇▇-▇▇▇▇ ● Fax (▇▇▇) ▇▇▇-▇▇▇▇ ● ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ​ plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan Participation Agreement (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent Eighty Percent (7580%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year. Tel (▇▇▇) ▇▇▇-▇▇▇▇ · Fax (▇▇▇) ▇▇▇-▇▇▇▇ · w▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent Fifty Percent (7550%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully metattained. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent One Hundred Percent (75100%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully metattained. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent One Hundred Fifty Percent (75150%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully metattained. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year. Tel (▇▇▇) ▇▇▇-▇▇▇▇ · Fax (▇▇▇) ▇▇▇-▇▇▇▇ · w▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You Employee shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your Employee’s target annual Bonus will equal seventy-five percent Eighty Percent (7580%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Employment Agreement (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent Forty Percent (7540%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventyFifty-five percent Five Percent (7555%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan Participation Agreement (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the Company’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventyforty-five percent (7545%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the Company’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half (2 1/2) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent Fifty Percent (7550%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year. Tel (▇▇▇) ▇▇▇-▇▇▇▇ · Fax (▇▇▇) ▇▇▇-▇▇▇▇ · w▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent Seventy Percent (7570%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventySeventy-five percent Five Percent (75%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent One Hundred Twenty Five Percent (75125%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully metattained. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)

Performance Bonus. You shall be entitled to an annual cash bonus (the “Bonus”) based on the CompanyParent’s attainment of reasonable financial objectives to be determined annually by the Board. Your target annual Bonus will equal seventy-five percent Eighty Percent (7580%) of the applicable year’s ending Base Salary and will be payable if the Board determines, in its sole and exclusive discretion, that that year’s financial objectives have been fully met. Nothing in the Plan or in this Letter Agreement shall invalidate any cash bonus plan approval by the Board or a Committee of the Board providing for higher payments in the event extraordinary or “stretch” goals are met. The Bonus ​ ​ ​ will be paid in accordance with the CompanyParent’s bonus plan, as approved by the Board; provided, that in no case shall any portion of the Bonus with respect to any such fiscal year be paid more than two and one-half three (2 1/23) months after the end of such fiscal year.

Appears in 1 contract

Sources: Separation Benefits Plan (Waste Connections, Inc.)