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

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

Performance Bonus. For each fiscal year during the Term, the Executive shall be eligible to earn an annual performance for a bonus based upon his or her performance and/or opportunity under the Company’s performance in an amount determined by the Company in its sole discretion incentive plan (the “Annual Bonus”), at a level as determined by the Board (or a committee thereof) in its sole discretion. Any such annual performance bonus The actual payout of the Annual Bonus will be paid in cash determined based upon the extent to which the applicable performance goals established by the Company in fullare satisfied. Such bonus, less applicable tax and other authorized withholdingsif any, by shall be paid to the Executive 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 datebonus is earned.

Appears in 6 contracts

Sources: Employment Agreement (Ceres, Inc.), Employment Agreement (Ceres, Inc.), Employment Agreement (Ceres, Inc.)

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

Sources: 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 receive a performance bonus based upon his or her performance and/or the Company’s performance in an amount determined by during each calendar year of employment with the Company in its sole discretion during the Term, with target equal to 100% of Executive’s then current Base Salary. (the “Annual Performance Bonus”). Any such annual The award of each year’s Performance Bonus shall be based upon performance bonus will criteria to be paid in cash determined by the Company Compensation Committee and approved by the Board after consultation with Executive and paid within ninety (90) days of calendar year-end for each subsequent calendar year, but subject, 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 renderedany event, subject to continued employment through the payment datediscretion of the Board and the terms of the applicable short-term bonus plan (the “Performance Criteria”).

Appears in 2 contracts

Sources: Employment Agreement (Celsius Holdings, Inc.), Employment Agreement (Celsius Holdings, 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

Sources: Employment Agreement (Dawson Geophysical Co)

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

Sources: Employment Agreement (Xencor Inc)

Performance Bonus. Executive shall will be eligible to earn an annual receive a performance bonus based upon his or her performance and/or during each calendar year of employment with the Company, with a minimum target bonus equal to 50% of Executive’s performance in an amount determined by the Company in its sole discretion then current Base Salary. (the “Annual Performance Bonus”). Any such annual The award of each year’s Performance Bonus shall be based upon performance bonus will criteria to be paid in cash determined by the Company Compensation Committee and approved by the Board after consultation with Executive and within thirty (30) days of calendar year-end for each subsequent calendar year, but subject, 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 renderedany event, subject to continued employment through the payment datediscretion of the Board (the “Performance Criteria”).

Appears in 1 contract

Sources: Employment Agreement (Celsius Holdings, Inc.)

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

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

Performance Bonus. Executive shall be eligible have the opportunity to earn an annual performance bonus based upon his or her performance and/or in accordance with the Company’s performance Performance Bonus Plan then in an effect with a target amount determined by the Company in its sole discretion of 50% of his Base Salary (the Annual 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 Compensation Committee or Board of Directors shall have discretion as to determining the annual bonus compensation for Executive. Any such annual performance bonus Annual 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

Sources: Executive Employment Agreement (Applied BioSciences Corp.)

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

Sources: Employment Agreement (Profit Planners Management, 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

Sources: Employment Agreement (Xencor Inc)

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

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