Sign-On Cash Bonus Award Sample Clauses

Sign-On Cash Bonus Award. Not later than 15 days after the Effective Date, the Company paid to the Executive a cash sign-on bonus in the amount of $2,650,000.
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Sign-On Cash Bonus Award. The Company will pay the Executive a cash sign-on bonus in the amount of $1,650,000 on the following payment schedule: (1) $250,000 not later than 30 days after the Effective Date, provided, however, that if the Executive does not remain employed by the Company through the first anniversary of the Effective Date, the Executive will Xxxxx Employment Agreement 3 repay the Company this amount upon his termination of employment unless the Executive’s employment is terminated by the Company without Cause; (2) $700,000 as soon as administratively practicable after December 31, 2008 (but not later than 30 days after such date); provided, however, that if the Executive has a termination of employment before December 31, 2008 for any reason other than for cause, he shall receive a prorated bonus based on a fraction, the numerator of which is the number of days from the Effective Date to his termination of employment and the denominator is the number of days from the Effective Date to December 31, 2008; and (3) $700,000 as soon as administratively practicable after December 31, 2009 (but not later than 30 days after such date); provided, however, that if the Executive has a termination of employment after December 31, 2008 and before December 31, 2009 for any reason other than for cause, he shall receive a prorated bonus based on a fraction, the numerator of which is the number of days from January 1, 2009 to his termination of employment and the denominator is 365. If the Executive is terminated for Cause before the payment of a bonus payment to be made under this Section 4(d)(i), the Executive will not be entitled to such unpaid bonus payment.
Sign-On Cash Bonus Award. The Company will pay the Executive a cash sign-on bonus in the amount of $500,000 to be paid 50% as soon as administratively practicable after the Effective Date and 50% as soon as administratively practicable after the six-month anniversary of the Effective Date, in each case less applicable withholdings. If the Executive is terminated for Cause before the applicable payment under this Section 4(d)(i) is made, the Executive will not be entitled to such unpaid payment.
Sign-On Cash Bonus Award. Executive shall be paid a cash bonus by April 30, 2021 subject to the Executive’s continued employment through the date of payment, in an amount determined by the Company upon confirmation of the level at which the Executive’s prior employer pays 2020 bonuses, but no less than $1,300,000 and no greater than $3,400,000, less applicable taxes, which is intended to partially offset incentive opportunities that the Executive will forfeit from his prior employer.
Sign-On Cash Bonus Award. The Company will pay the Executive a cash sign-on bonus in the amount of $200,000 to be paid 25% as soon as administratively practicable but no later than 30 days after each of January 31, 2013, December 31, 2013, April 30, 2014 and August 31, 2014, in each case less applicable withholdings, except that if the Executive's employment is terminated by the Company for Cause or by the Executive without Good Reason before the twenty-four-month anniversary of the Effective Date, effective as of such termination date the Executive will not be entitled to any unpaid payment and any amounts already paid under this paragraph 4(d) will be repayable to the Company.

Related to Sign-On Cash Bonus Award

  • Performance Bonus 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.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • 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.

  • 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); and

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Incentive Bonus Compensation The Executive shall be eligible for incentive bonus compensation for each Fiscal Year in an amount to be determined by the Board of Directors or any committee thereof ("INCENTIVE BONUS COMPENSATION").

  • Incentive Bonuses The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • 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.

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