Renewal Bonus Sample Clauses

Renewal Bonus. The Company will issue Five Hundred Thousand (500,000) shares of the Company’s Common Stock upon renewal of this agreement as defined in Section 3.4.
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Renewal Bonus. Upon renewal of this Certificate (provided such renewal is continuous and the Certificate has not been allowed to lapse in any one (1) given year) the Principal Sum Covered shall be increased by 15% per year up to a maximum of 150% of the Principal Sum Covered. Renewal Bonus shall only be applicable to the following benefits: • Benefit A – Accidental Death • Benefit B – Accidental Permanent Disablement • Benefit C – Double Indemnity BENEFIT S - Referral Emergency Assistance Programme We have an agreement with Asia Assistance Network (M) Sdn Bhd (hereinafter known as “the Service Provider”), to provide a comprehensive referral emergency assistance programme. Asia Assistance You may place a reverse charge call/call collect to the Service Provider’s 24 Hours service hotline at any time seven (7) days a week for any of the services described below:
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Renewal Bonus. The Company will pay the Executive a special one-time renewal bonus in the amount of $100,000 subject to statutory deductions, of which $50,000 will be payable in cash upon execution of this Agreement and the remainder will be payable in RSUs, based on the value weighted average price on the NYSE MKT for the five trading days ending on October 1, 2015. The RSUs will vest as to 50% on January 28, 2016, 25% on January 28, 2017 and the remaining 25% on January 28, 2018, and upon vesting will entitle the Executive to one common share of the Company for each RSU without the payment of any additional consideration by the Executive. Such shares shall bear such legends and shall be subject to such trading restrictions as may be required by applicable law and stock exchange rules. The Company will withhold and sell such number of shares issuable on the vesting of RSUs as required to satisfy its tax withholding requirements.
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Renewal Bonus. Upon the execution of this Agreement (i.e., the renewal of the 2019 Agreement) you will be granted 200,000 fully vested Restricted Stock Units (“RSUs”).
Sample 1
Renewal Bonus. Upon renewal of the Certificate of Insurance (provided such renewal is continuous, Certificate of Insurance has not been allowed to lapse in any one (1) given year and no claim was made in prior year), the Principal Sum Insured shall be increased by fifty percent (50%). In the event of any claim being made during the Period of Coverage, the renewal bonus will be forfeited on the next renewal year. Renewal Bonus shall only be applicable to the following benefits: • Benefit 1 – Accidental Death • Benefit 2 – Accidental Permanent Disablement • Benefit 3 – Death due to Dengue Fever • Benefit 4 – Double Indemnity on Public Conveyance SPECIAL PROVISIONS
Sample 1
Renewal Bonus. The Executive will be entitled to receive a “Stock Renewal Bonus” in the form of 93,300 shares of Restricted Stock on the terms contained in the Restricted Stock Award Agreement attached to Agreement as Exhibit 4.3.
Sample 1

Related to Renewal Bonus

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365);

  • Performance Bonus 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.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • Annual Performance Bonus In each calendar year of the Term of Employment, Executive shall be eligible to receive an annual incentive bonus (the “Annual Bonus”) payable in cash, pursuant to the performance criteria and targets established and administered by the Board (or a committee of directors to whom such responsibility has been delegated by the Board), with a target Annual Bonus of at least 100% of his Base Salary. The Annual Bonus payable to Executive each year shall be determined and payable as soon as practicable after year-end for such year (but no later than March 15th). The Executive’s cash bonus for the stub period of 2017 will be determined in the reasonable business judgment of the Board or another committee of directors to whom such responsibility has been delegated by the Board. To be entitled to receive any Annual Bonus, except as otherwise provided in Sections 5(c) and 5(d), Executive must remain employed through the last day of the calendar year to which the Annual Bonus relates.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

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