Common use of Reduction in Bonus Clause in Contracts

Reduction in Bonus. The Incentive Bonus payable pursuant to this Agreement may be subject to a reduction of up to ten percent (10%) in the discretion of the Committee in the event that Employee commits a material violation of a Company policy or consistently fails to follow a Company policy or policies (collectively, a “Violation”). Employee is required to promptly inform Committee members of any Violation with respect to any officer or other employee of the Company or any Affiliate thereof of which Employee becomes aware.

Appears in 6 contracts

Samples: Employment and Severance Agreement (ONESPAWORLD HOLDINGS LTD), Employment and Severance Agreement (ONESPAWORLD HOLDINGS LTD), Employment and Severance Agreement (ONESPAWORLD HOLDINGS LTD)

AutoNDA by SimpleDocs

Reduction in Bonus. The Incentive Bonus payable pursuant to this Agreement may be subject to a reduction of up to ten twenty-five percent (1025%) in the discretion of the Committee in the event that Employee commits a material violation of a Company policy or consistently fails to follow a Company policy or policies (collectively, a "Violation”). ") and Employee is required to promptly inform Committee members the CEO of any Violation with respect to any officer or other employee of the Company or any Affiliate affiliate thereof of which Employee becomes aware.

Appears in 2 contracts

Samples: Employment Agreement (Steiner Leisure LTD), Employment Agreement (Steiner Leisure LTD)

Reduction in Bonus. The Incentive Bonus payable pursuant to this Agreement may be subject to a reduction of up to ten percent (10%) in the discretion of the Committee in the event that Employee commits a material violation of a Company policy or consistently fails to follow a Company policy or policies (collectively, a "Violation"). Employee is required to promptly inform Committee members the CEO of any Violation with respect to any officer or other employee of the Company or any Affiliate thereof of which Employee becomes aware.

Appears in 2 contracts

Samples: Employment and Severance Agreement (STEINER LEISURE LTD), Employment and Severance Agreement (STEINER LEISURE LTD)

Reduction in Bonus. The Incentive Bonus payable pursuant to this Agreement may be subject to a reduction of up to ten percent (10%) in the discretion of the Committee in the event that Employee commits a material violation of a Company policy or consistently fails to follow a Company policy or policies (collectively, a "Violation"). Employee is required to promptly inform Committee members the SLL CEO of any Violation with respect to any officer or other employee of the Company or any Affiliate thereof of which Employee becomes aware.

Appears in 1 contract

Samples: Employment and Severance Agreement (STEINER LEISURE LTD)

Reduction in Bonus. The Incentive Bonus payable pursuant to this Agreement may be subject to a reduction of up to ten percent (10%) in the discretion of the Committee in the event that Employee commits a material violation of a Company policy or consistently fails to follow a Company policy or policies (collectively, a “Violation”). Employee is required to promptly inform Committee members the SLL CEO of any Violation with respect to any officer or other employee of the Company or any Affiliate thereof of which Employee becomes aware.

Appears in 1 contract

Samples: Employment and Severance Agreement (STEINER LEISURE LTD)

Reduction in Bonus. The Incentive Bonus payable pursuant to this Agreement may be subject to a reduction of up to ten percent (10%) in the discretion of the Committee in the event that Employee commits a material violation of a Company policy or consistently fails to follow a Company policy or policies (collectively, a "Violation"). Employee is required to promptly inform Committee members of any Violation with respect to any officer or other employee of the Company or any Affiliate thereof of which Employee becomes aware.

Appears in 1 contract

Samples: Employment and Severance Agreement (STEINER LEISURE LTD)

AutoNDA by SimpleDocs

Reduction in Bonus. The Incentive Bonus payable pursuant to this Agreement may be subject to a reduction of up to ten percent (10%) in the discretion of the Committee in the event that Employee commits a material violation of a Company policy or consistently fails to follow a Company policy or policies (collectively, a "Violation"). Employee is required to promptly inform Committee members the CEO of any Violation with respect to any officer or other employee of the Company or any Affiliate thereof of which Employee becomes aware.

Appears in 1 contract

Samples: Employment Agreement (STEINER LEISURE LTD)

Reduction in Bonus. The Notwithstanding anything contained herein to the contrary, the Incentive Bonus payable pursuant to this Agreement may be subject to a reduction of up to ten percent (10%) % in the discretion of the Compensation Committee of the Board in the event that Employee commits a material violation of a Company policy or consistently fails to follow a Company policy or policies (collectively, a “Violation”). other conduct reasonably deemed by the Compensation Committee to be against the best interests of the Company and Employee is required to promptly inform Compensation Committee members of any Violation with respect to any such failure by an officer or other employee of the Company or any Affiliate thereof of which Employee becomes awarewho is a party to an employment agreement to follow such policy.

Appears in 1 contract

Samples: Employment Agreement (Steiner Leisure LTD)

Reduction in Bonus. The Incentive Bonus payable pursuant to this Agreement may be subject to a reduction of up to ten twenty-five percent (1025%) in the discretion of the Compensation Committee in the event that Employee commits a material violation of a Company policy or consistently fails to follow a Company policy or policies (collectively, a "Violation”). ") and that Employee is required to promptly inform Committee members the Chief Executive Officer of the Company of any Violation with respect to any officer or other employee of the Company or any Affiliate affiliate thereof of which Employee becomes aware.

Appears in 1 contract

Samples: Employment Agreement (Steiner Leisure LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.