{"component": "clause", "props": {"groups": [{"snippet": "The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.", "size": 44, "samples": [{"hash": "jGCVlEzLbPV", "uri": "/contracts/jGCVlEzLbPV#performance-bonus", "label": "Employment Agreement (Centrue Financial Corp)", "score": 18.0, "published": true}, {"hash": "gYdXllym197", "uri": "/contracts/gYdXllym197#performance-bonus", "label": "Merger Agreement (Centrue Financial Corp)", "score": 18.0, "published": true}, {"hash": "eMa86N9aqRW", "uri": "/contracts/eMa86N9aqRW#performance-bonus", "label": "Employment Agreement (Centrue Financial Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [32, 42]}, {"key": "annual-performance-bonus", "type": "clause", "offset": [46, 70]}, {"key": "payable-within", "type": "definition", "offset": [72, 86]}, {"key": "days-after", "type": "definition", "offset": [98, 108]}, {"key": "fiscal-year", "type": "definition", "offset": [124, 135]}, {"key": "the-employer", "type": "definition", "offset": [139, 151]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [159, 179]}, {"key": "five-percent", "type": "clause", "offset": [187, 199]}, {"key": "of-the-executive", "type": "clause", "offset": [206, 222]}, {"key": "base-salary", "type": "definition", "offset": [225, 236]}, {"key": "applicable-year", "type": "definition", "offset": [245, 260]}, {"key": "by-the-board", "type": "clause", "offset": [302, 314]}, {"key": "appropriate-committee", "type": "definition", "offset": [323, 344]}, {"key": "based-on", "type": "definition", "offset": [377, 385]}, {"key": "individual-performance-criteria", "type": "definition", "offset": [425, 456]}], "hash": "e343862cae4cd9b546ad158494d3efe3", "id": 1}, {"snippet": "If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.", "size": 39, "samples": [{"hash": "jhdkXM9iQOl", "uri": "/contracts/jhdkXM9iQOl#performance-bonus", "label": "Employment Agreement (Columbia Bancorp \\Or\\)", "score": 21.0, "published": true}, {"hash": "9GRYnwbOoUg", "uri": "/contracts/9GRYnwbOoUg#performance-bonus", "label": "Employment Agreement (Columbia Bancorp)", "score": 21.0, "published": true}, {"hash": "jS2FEdHzc3K", "uri": "/contracts/jS2FEdHzc3K#performance-bonus", "label": "Employment Agreement (Columbia Bancorp \\Or\\)", "score": 18.0, "published": true}], "snippet_links": [{"key": "if-employee", "type": "definition", "offset": [0, 11]}, {"key": "employment-is-terminated", "type": "clause", "offset": [14, 38]}, {"key": "by-employee-with-cause", "type": "clause", "offset": [39, 61]}, {"key": "by-bank", "type": "clause", "offset": [66, 73]}, {"key": "in-addition-to-the", "type": "clause", "offset": [113, 131]}, {"key": "amounts-payable", "type": "clause", "offset": [132, 147]}, {"key": "the-agreement", "type": "clause", "offset": [178, 191]}, {"key": "deferred-compensation", "type": "definition", "offset": [217, 238]}, {"key": "performance-bonus-payments", "type": "definition", "offset": [264, 290]}, {"key": "section-42", "type": "clause", "offset": [314, 325]}, {"key": "earned-and-payable", "type": "clause", "offset": [368, 386]}, {"key": "date-of-termination", "type": "definition", "offset": [451, 470]}, {"key": "by-employee-without-cause", "type": "clause", "offset": [607, 632]}], "hash": "819f9c28ce00e2ee97a0f8dc19243599", "id": 2}, {"snippet": "Employee shall be entitled to consideration for annual performance bonus compensation for each calendar year constituting a percentage of annual base salary earned from his employment by Bank during such calendar year. Bonus compensation shall be subject to any deductions required by law. The Bank or Bancorp Board shall timely, and at least once yearly, determine the amount of and the formulas and methods for establishing such bonus compensation. The amount of such bonus compensation shall at all times be discretionary, and Bank may decline to award a performance bonus to Employee in any year.\n4.2.1 Employee shall be entitled to a pro-rata performance bonus for less than a full year of performance if Employee's employment is terminated by Employee with cause, or by the Bank without cause (including termination following a change of control as described in Section 7.4 of the Agreement), prior to the date on which Employee would otherwise be entitled to consideration for Employee's annual performance bonus. In such circumstances, such pro-rata performance bonus shall be declared earned and payable as of the date of termination.", "size": 37, "samples": [{"hash": "l34K3vc7hdP", "uri": "/contracts/l34K3vc7hdP#performance-bonus", "label": "Employment Agreement (Columbia Bancorp \\Or\\)", "score": 18.0, "published": true}, {"hash": "jS2FEdHzc3K", "uri": "/contracts/jS2FEdHzc3K#performance-bonus", "label": "Employment Agreement (Columbia Bancorp \\Or\\)", "score": 18.0, "published": true}, {"hash": "iFXRULwbRII", "uri": "/contracts/iFXRULwbRII#performance-bonus", "label": "Employment Agreement (Columbia Bancorp \\Or\\)", "score": 18.0, "published": true}], "snippet_links": [{"key": "compensation-for", "type": "clause", "offset": [73, 89]}, {"key": "each-calendar-year", "type": "definition", "offset": [90, 108]}, {"key": "a-percentage", "type": "definition", "offset": [122, 134]}, {"key": "annual-base-salary", "type": "clause", "offset": [138, 156]}, {"key": "by-bank", "type": "clause", "offset": [184, 191]}, {"key": "subject-to", "type": "clause", "offset": [247, 257]}, {"key": "required-by-law", "type": "definition", "offset": [273, 288]}, {"key": "board-shall", "type": "definition", "offset": [310, 321]}, {"key": "determine-the", "type": "clause", "offset": [356, 369]}, {"key": "at-all-times", "type": "definition", "offset": [495, 507]}, {"key": "to-employee", "type": "definition", "offset": [576, 587]}, {"key": "full-year", "type": "definition", "offset": [682, 691]}, {"key": "if-employee", "type": "definition", "offset": [707, 718]}, {"key": "employment-is-terminated", "type": "clause", "offset": [721, 745]}, {"key": "by-employee-with-cause", "type": "clause", "offset": [746, 768]}, {"key": "by-the-bank", "type": "clause", "offset": [773, 784]}, {"key": "without-cause", "type": "clause", "offset": [785, 798]}, {"key": "termination-following-a-change-of-control", "type": "definition", "offset": [810, 851]}, {"key": "section-74", "type": "clause", "offset": [868, 879]}, {"key": "the-agreement", "type": "clause", "offset": [883, 896]}, {"key": "prior-to-the", "type": "clause", "offset": [899, 911]}, {"key": "for-employee", "type": "definition", "offset": [980, 992]}, {"key": "earned-and-payable", "type": "clause", "offset": [1094, 1112]}, {"key": "date-of-termination", "type": "definition", "offset": [1123, 1142]}], "hash": "3baf748d5dfd649dc63f24a4626bdb72", "id": 4}, {"snippet": "Executive shall, following the completion of each fiscal year of Company during the Term, be eligible for a performance bonus in accordance with Company\u2019s performance bonus plan. Executive shall also be eligible for additional equity and other incentive awards, at a level commensurate with his position and in accordance with the policies and practices of the Company.", "size": 28, "samples": [{"hash": "dihPSDRMyPZ", "uri": "/contracts/dihPSDRMyPZ#performance-bonus", "label": "Employment Agreement", "score": 31.3408622742, "published": true}, {"hash": "9GlV2KsY1oE", "uri": "/contracts/9GlV2KsY1oE#performance-bonus", "label": "Employment Agreement (Enstar Group LTD)", "score": 29.069814682, "published": true}, {"hash": "dSXQRqfI3ff", "uri": "/contracts/dSXQRqfI3ff#performance-bonus", "label": "Employment Agreement (Enstar Group LTD)", "score": 26.3867206573, "published": true}], "snippet_links": [{"key": "following-the", "type": "definition", "offset": [17, 30]}, {"key": "completion-of", "type": "definition", "offset": [31, 44]}, {"key": "fiscal-year", "type": "definition", "offset": [50, 61]}, {"key": "during-the-term", "type": "clause", "offset": [73, 88]}, {"key": "with-company", "type": "clause", "offset": [140, 152]}, {"key": "performance-bonus-plan", "type": "definition", "offset": [155, 177]}, {"key": "additional-equity", "type": "definition", "offset": [216, 233]}, {"key": "other-incentive-awards", "type": "definition", "offset": [238, 260]}, {"key": "policies-and-practices", "type": "clause", "offset": [331, 353]}, {"key": "of-the-company", "type": "clause", "offset": [354, 368]}], "hash": "2c184c2364c5110342146fae4701165d", "id": 7}, {"snippet": "The Executive shall be eligible to receive an annual bonus. The Board in its discretion will determine whether such annual bonus will be paid, the amount of such bonus and its form of payment. The Executive\u2019s target annual bonus amount is 150% of her Base Salary or such greater amount as may subsequently be established by the Board (the \u201cTarget Bonus\u201d). During the first ninety (90) days of each calendar year, the Board, in consultation with the Chief Executive Officer, shall establish the performance goals applicable to such year\u2019s annual bonus opportunity, as well as the framework for awarding an annual bonus that is higher or lesser than the Target Bonus. Such criteria shall be established by the Board, after consultation with the Executive, and pursuant to a process that is consistent with past practice. If the Board determines in its discretion that the Executive\u2019s performance meets or exceeds the criteria established by the Board for the award of a Target Bonus, the Board may award the Executive the Target Bonus or a higher amount. Likewise, if the Board determines in its discretion that the Executive\u2019s performance does not meet said criteria, the Board may award a lesser amount, or no bonus may be awarded. Unless otherwise provided in this Agreement, the Executive\u2019s eligibility to receive any bonus under this paragraph shall be expressly conditioned on, among other things, the Executive remaining employed with the Company up through any designated distribution date set by the Board. Notwithstanding the foregoing paragraph, in the event of a \u201cChange of Control\u201d (as defined in Exhibit D attached hereto), immediately prior to such Change of Control the Company shall be obligated to pay the Executive: (A) when such Change of Control occurs during a calendar year in respect of which no annual bonus has yet been paid, a pro-rated annual bonus for such calendar year, based on the number of days in such calendar year prior to the Change of Control; and (B) when such Change of Control occurs after the conclusion of a calendar year in respect of which no annual bonus has yet been paid (i.e., such Change of Control occurs after December 31st, but before the designated payment date for the annual bonus in respect of such completed calendar year), an annual bonus for such completed calendar year. In the case of both of the preceding clauses (A) and (B), such amounts shall each be separately subject to any cap on Executive\u2019s annual bonus previously established by the Board (or any committee thereof) and shall each be determined in accordance with the criteria most recently designated by the Board (or any committee thereof) for the determination of such amounts, as follows: (I) any portion of the annual bonus amounts that had been previously designated by the Board (or any committee thereof) to be determined relative to the achievement of criteria measuring the financial performance of the Company with respect to a calendar year, shall be paid in amounts based on the attainment of such criteria (on an annualized basis, if in respect of less than a full calendar year), through the date immediately prior to such Change of Control (or, as applicable, through the end of any such completed calendar year) and in accordance with the methodology previously approved by the Board (or any committee thereof) for payment of such amounts of annual bonus (i.e., an amount at, higher, or lower than the target amounts for such portions of annual bonus); and (II) any portion of the annual bonus amounts that had been previously designated by the Board (or any committee thereof) to be determined relative to the achievement of criteria measuring the individual performance of the Executive, shall be paid in amounts equal to the target amount of such portion of the Executive\u2019s annual bonus.", "size": 31, "samples": [{"hash": "tJkEISFmn8", "uri": "/contracts/tJkEISFmn8#performance-bonus", "label": "Employment Agreement (Redwood Trust Inc)", "score": 34.8480491638, "published": true}, {"hash": "7jAGkJo3j6R", "uri": "/contracts/7jAGkJo3j6R#performance-bonus", "label": "Employment Agreement (Redwood Trust Inc)", "score": 31.848733902, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [32, 42]}, {"key": "an-annual", "type": "clause", 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The target amount of Executive\u2019s annual bonus is sixty percent (60%) of Executive\u2019s annual Base Salary (as defined in the Company\u2019s Performance Bonus Plan as then in effect). However, payment of the performance bonus will be conditioned on the Company\u2019s achievement of corporate performance objectives approved by the Company and on the Executive\u2019s achievement of individual performance metrics to be established annually and approved by the Company, all as established pursuant to the Company\u2019s Performance Bonus Plan as then in effect, and the bonus may be zero. For the avoidance of doubt, the performance bonus will be payable only if the corporate and/or individual performance objectives approved by the Company are achieved as determined by the Company, subject to the Company\u2019s right to exercise discretion in determining the amount of the bonus to be awarded, if any, as set forth in the Company\u2019s Performance Bonus Plan then in effect. To encourage continued tenure with the Company, Executive must be employed by the Company as of the payment date to be eligible for a performance bonus for the year to which the bonus relates, unless otherwise provided in Section 5. 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