Salary and Bonus Sample Clauses

Salary and Bonus. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

Salary and Bonus. The Executive shall receive a base salary during the Employment Term at a rate of $150,000 per annum for 2013 (the “Base Salary”), payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the Senior Vice President and review the Executive’s Base Salary at annual intervals, and may increase the Executive’s annual Base Salary from time to time as the Committee deems to be appropriate. Subject to Section 12, the Executive will have an annual cash bonus opportunity for each calendar year during the Employment Term (the “Annual Bonus”) based upon performance goals that are established by the Board or the Compensation Committee of the Board, as the case may be, in its sole discretion. In the event an Annual Bonus is payable pursuant to this Section 3, such bonus shall be paid to the Executive no later than March 15th of the year after the year to which the bonus relates.

Salary and Bonus. The Executive shall receive a base salary during the term of this Agreement at a rate of not less than $175,000 per annum for 1997, and at a rate of not less than $200,000 per annum for subsequent years, payable in substantially equal semi-monthly installments. The Compensation Committee of the Board shall consult with the CEO and review the Executive's base salary at annual intervals, and may adjust the Executive's annual base salary from time to time as the Committee deems to be appropriate. The Executive shall also be eligible to receive a bonus from the Corporation each year during the term of this Agreement, with the actual amount of such bonus to be determined by the Compensation Committee of the Corporation's Board, using such performance measures as the Committee deems to be appropriate.

Salary and Bonus. (a) During Executive’s employment under this Agreement, the Company shall pay Executive a salary at the annual rate of $308,550 per annum (the “Base Salary”). Such Base Salary shall be subject to withholding under applicable law, and shall be payable in periodic installments in accordance with the Company’s usual payroll practice for executive officers of the Company as in effect from time to time. (b) Executive shall be eligible to participate in any group bonus or other group performance plan established by the Board of Directors from time to time for senior management of the Company.

Salary and Bonus. Except as otherwise provided herein, the Company (or any Affiliate) shall pay to Employee compensation as described in this Section 3(a), all of which shall be subject to such withholdings and deductions as may be required by applicable law or regulation:

Salary and Bonus. Executive's present base salary is $224,251 per year and Executive's target bonus is deemed to be $130,000 per year. After the date of this Agreement, Executive's annual base salary and target bonus may be increased or decreased as determined by the chief executive officer of Sensormatic and approved by Sensormatic's Board of Directors or any compensation committee thereof, except as otherwise provided by the Officer Agreement, provided, however, that none of the following shall be effective during the pendency of an Attempted Change in Control or in the event of a Change in Control or at any time within 36 months after a Change in Control has occurred: (i) any decrease in Executive's annual base salary or target bonus from the amounts set forth above (or any greater amounts subsequently so determined and approved), or (ii) any change in the formula then in effect for calculation of Executive's bonus that could be reasonably anticipated to result in a decrease in the amount payable thereunder.

Salary and Bonus. During the Employment Period the Executive will receive compensation at an annual rate equal to the sum of (A) a salary (the “Annual Base Salary”) not less than the Executive’s annualized salary in effect immediately prior to the Operative Date, plus (B) an annual bonus not less than the amount of the Executive’s Average Annual Bonus (as defined below).

Salary and Bonus. (a) For purposes of this Agreement, the “Initial Contract Year” will mean the period commencing on the Effective Date and ending on December 25, 2009. A “Contract Year” will mean the Initial Contract Year and any anniversary thereof. (b) During the Initial Contract Year, the Company will pay the Executive a base salary at the rate in effect on the date hereof. Each calendar year during the term of this Agreement, the Compensation Committee of the Board (the “Compensation Committee”) will, in good faith, review the Executive’s annual base salary and may increase (but not decrease) such amount as it may deem advisable (such annual rate of salary, as the same may be increased, the “Base Salary”). The Base Salary will be payable to the Executive in substantially equal installments in accordance with the Company’s normal payroll practices. (c) During each fiscal year of the Company, the Executive will be eligible for a target cash bonus based on a percentage of his then-current Base Salary to be designated by the Compensation Committee. The Executive’s entitlement to such cash bonus, if any, will be determined by the Compensation Committee based on the terms of the executive bonus program then in effect, including the Compensation Committee’s good faith determination as to whether pre-determined performance targets of the Company have been achieved following a review of the Company’s year-end financial statements. All such performance targets will be determined by the Compensation Committee after consulting with Executive.

Salary and Bonus. Subject to the limitations set forth in Section 7 hereof, the Company shall pay to the Executive that amount which is equal to his regular base salary, at the rate then in effect, for a period of two (2) years, plus a bonus in an amount which shall be equal to the largest cash bonus actually received by Executive during his term of employment with the Company; provided, however, that if Executive shall have entered into an Employment Agreement with the Company which is in effect at the time of Executive's termination, then and in that event the Company and Executive agree that upon Executive's termination Executive shall be entitled to receive either (i) the salary and bonus termination payments under this Section 5(a), or (ii) the salary and bonus terminations payments provided for in such Employment Agreement, whichever salary and bonus termination payment is the greater; but under no conditions shall Executive be entitled to receive upon termination both the salary and bonus termination payments under this Severance Agreement and the salary and bonus termination payments under any such Employment Agreement.

Salary and Bonus. (a) During the Term, the Company shall pay to Executive a base salary at the rate of $750,000 per year (the “Base Salary”). The Base Salary shall be payable to Executive in substantially equal installments in accordance with the Company’s normal payroll practices. The Board will review the Base Salary annually, and may, in its reasonable discretion, adjust the Base Salary upward but not downward. (b) In addition to the Base Salary, during the Term, for each fiscal year completed during Executive’s employment under this Agreement, Executive will be eligible to earn an annual bonus as part of the Company’s annual executive compensation plan. Executive’s target bonus will be 100% of Base Salary (“Target Bonus”), with an opportunity to earn up to 150% of Base Salary (the “Potential Bonus”). The actual amount of any such bonus earned shall be based on the achievement of performance goals established by the Board (any such bonus that is so earned, the “Performance Bonus”). In order to receive any Performance Bonus hereunder, except as provided in Sections 10(a), 10(b) and 10(c), Executive must remain employed by the Company through the date that the Performance Bonus is paid. (c) Any Performance Bonus shall be paid not later than March 15th following the year to which it relates. (d) For the fiscal year of 2024, in the event that the Company and its consolidated subsidiaries achieve consolidated EBITDA (i.e. earnings before interest, taxes, depreciation and amortization and, for the avoidance of doubt, calculated net of all compensation or bonuses required to be paid under this Agreement and any other employment agreement or bonus plan of the Company) of not less than the following percentages of a targeted EBITDA (the “budgeted EBITDA”), as determined by the Board, Executive’s Performance Bonus will be calculated as set forth below. Less than 85% of budgeted EBITDA 0% of Base Salary Between 85-100% of budgeted EBITDA 50-100% of Base Salary on a straight-line basis Between 100% -110% budgeted EBITDA 100-150% of Base Salary on a straight-line basis Above 110% of budgeted EBITDA 150% of Base Salary *The Board may adjust the budgeted EBITDA in respect of any year that the Company or its consolidated subsidiaries consummate any acquisition or disposition (excluding ordinary capital expenditures) (e) All compensation payable to Executive by the Company shall be subject to customary withholding taxes and such other employment taxes as are required under Federal law or...