Short-Term Bonus. Arrangement(s)
Short-Term Bonus. With respect to each fiscal year of the Company ending during the Term (including with respect to the fiscal year that includes the Effective Date), Employee shall be eligible to participate in the Company’s Annual Short-Term Bonus Plan or such other short-term bonus compensation plan established by the Board or a Board committee as in effect from time to time (the “Bonus Plan”). For purposes of the Bonus Plan, Employee’s target annual bonus opportunity shall be equal to forty percent (40%) of the Employee’s annual rate of Base Salary as in effect at the start of the fiscal year of the Company to which the short-term bonus award relates (the “Target Bonus Amount”), with the actual amount and terms and conditions of any such short-term bonus award to be determined by the Compensation Committee consistent with and subject to the terms of the Bonus Plan; provided, however, that, other than with respect to the Target Bonus Amount, the terms of the Bonus Plan applicable to Employee shall be comparable in all material respects to the terms applicable to the Company’s executive officers generally. The bonus, if any, for each fiscal year shall be paid to Employee by no later than the fifteenth (15th) day of the third (3rd) month following the end of such fiscal year, unless the Company or Employee, as applicable, shall elect to defer the receipt of such bonus pursuant to an arrangement that meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).
Short-Term Bonus. 2.1 The Executive will be entitled to participate at Level 2 in the NAEPI Short Term Bonus Scheme, as such level of participation and terms of the NAEPI Short Term Bonus Scheme are amended and adjusted from time to time
Short-Term Bonus. Employee shall receive an annualized short-term bonus ("Short-Term Bonus") of no less than two hundred ninety six thousand, five hundred dollars ($296,500), which shall be payable in cash within forty-five (45) days following the end of the applicable period to which such Short-Term Bonus relates.
Short-Term Bonus. For 2022and beyond, your target bonus opportunity will be 75% of earned compensation in 2022 and annual earned compensation in future years, with a maximum payout opportunity of 150% of annual earned compensation. Actual payments will be determined based on Company results and individual performance against applicable performance metrics Any annual bonus with respect to a particular calendar year will generally be paid within two and a half months following the end of the calendar year. For the year ended December 31, 2022, the Employee is guaranteed a minimum bonus payment of One Hundred Thousand Dollars ($100,000.00) (USD) that will be paid prior to January 31, 2023.
Short-Term Bonus. During the Employment Term, the Executive shall have the opportunity to earn an annual bonus under the Mutual Incentive Plan (or a successor annual bonus plan)("MIP"), with a target amount equal to 100% of Base Salary, based upon the satisfaction of generally applicable financial criteria (as determined in good faith by the Board or a committee thereof after consultation with the Executive), with a higher or lower amount received for higher or lower achievement (the "MIP Bonus").
Short-Term Bonus. Commencing as of the earlier of (1) such time as Xxxx begins to receive the Annual Salary (as describe in subsection (i), above), or (2) the date which is 6-months from the Effective Date, Xxxx shall be entitled to receive a monthly bonus equal to a percentage of the Company’s gross revenue (for the Information Marketing Division) for the previous calendar month (the “Short-Term Bonus”). The amount of the percentage to be used in the calculation of the Short-Term Bonus shall be based upon the Net Income (as defined below) of the Company and shall be determined in accordance with Schedule II. For purposes of this Agreement, “Net Income” shall mean the Company’s gross revenues related to sales of products and services from the Information Marketing Division less the cost of such sales and products and the expenses of the Information Marketing Division, all as reflected on the Information Marketing Division’s income statements which shall be prepared in accordance with GAAP. The Company shall pay the Short-Term Bonus, if any, to Xxxx by no later than the Company’s last payroll date in the calendar month immediately following the calendar month in which the Short-Term Bonus was earned.
Short-Term Bonus. Percentage of Gross Revenue If Net Income is Within this Range: Payable to Xxxx: 10% $0-$250,000 15% $250,001-$500,000 20% $500,001 and above Schedule III
Short-Term Bonus. (a) Upon the execution of this Agreement, Company shall issue to Employee One Million Shares (1,000,000) of common stock of the Company.
Short-Term Bonus. Executive shall receive a pro rata portion (based on the number of months elapsed in the fiscal year in which his Retirement Date occurs) of Executive's bonus earned under the Short-Term (Annual) Bonus Plan of the Company for the fiscal year in which the Retirement Date occurs. For example, if Executive's Retirement Date is December 31, 2001, then Executive shall receive 6/12 of Executive's earned bonus for the fiscal year 2002. For purposes of calculating the bonus in the year in which the Retirement Date occurs, the Company will use Executive's actual financial or other quantitative performance criteria to determine Executive's bonus. With respect to any discretionary, non-quantitative component of the bonus, the Company will assume a superior level of performance by the Executive. The bonus payment provided for in this Paragraph 4 shall be in lieu of, not in addition to, all bonuses payable to the Executive and shall be paid to Executive on the same date or dates on which active participants under such bonus plan are paid bonuses for the applicable bonus periods. The bonus payment, if any, made by the Company shall be reduced by applicable withholding and other customary payroll deductions. Executive shall not be entitled to participate in any annual bonus plan of the Company for any fiscal year ending after the fiscal year in which the Retirement Date occurs.
