Special Incentive Bonus. If Employee remains in the employment of MEMC continuously throughout the Retention Period of April 1, 1998 through June 30, 1999, Employee shall be entitled to a Special Incentive Bonus in the amount of $250,000.
Special Incentive Bonus. Within 30 days after the date of this Agreement, the Employee and the Board, or its designee, will agree on the terms of a mutually acceptable special incentive bonus for the Employee.
Special Incentive Bonus. On the fourth anniversary of the Commencement Date (the "Special Incentive Bonus Determination Date"), if and only if Employee is then employed by the Company, a determination will be made regarding the amount realized (or then realizable) by Employee (the "Determination") with respect to (i) stock options granted to Employee by the Company, (ii) Pillowtex Common Stock owned by Employee at any time during the period between the Commencement Date and the Special Incentive Bonus Determination Date, (iii) stock appreciation rights granted to Employee by the Company or (iv) dividends or other distributions received by Employee with respect to Pillowtex Common Stock (the "Pillowtex Equity"). Such Determination will be made without consideration of taxes payable in connection with amounts realized or then realizable with respect to the Pillowtex Equity. The Determination will be made by a certified public accounting firm (the "Accounting Firm") mutually agreed upon by Employee and the Company. Such Determination will be made within thirty (30) days following the Special Incentive Bonus Determination Date. The Accounting Firm will furnish detailed supporting calculations to both Employee and the Company and, absent manifest error, the Determination will be final and binding upon Employee and the Company. All fees and expenses of the Accounting Firm related to making the Determination will be paid solely by the Company. If as of the Special Incentive Bonus Determination Date, Employee has not realized (or is not then able to realize) an aggregate of at least Three Million and 00/100 Dollars ($3,000,000.00) with respect to the Pillowtex Equity, the Company will make a lump sum payment to Employee in the amount of Two Million and 00/100 Dollars ($2,000,000.00) (the "Special Incentive Bonus"). If as of the Special Incentive Bonus Determination Date, Employee has realized (or is then able to realize) an aggregate amount in excess of Three Million and 00/100 Dollars ($3,000,000.00) but less than Nine Million and 00/100 Dollars ($9,000,000.00) with respect to the Pillowtex Equity, the Company will reduce the Special Incentive Bonus by $.33333 for every dollar realized or then realizable by Employee in excess of Three Million and 00/100 Dollars ($3,000,000.00). If Employee has realized or is then able to realize Nine Million and 00/100 Dollars ($9,000,000.00) or more with respect to the Pillowtex Equity on the Special Incentive Bonus Determination Date, the Company will ...
Special Incentive Bonus. The Executive shall be entitled to a bonus of $250,000.00 payable (A) 50% upon completion of the above-referenced $5 million financing(s) during the Measurement Period and (B) the remaining $125,000.00 upon the successful completion of additional debt or equity financing(s) during the Measurement Period which, when aggregated with any prior financings during the Measurement Period, result in the Employer realizing at least $10 million of gross proceeds.
Special Incentive Bonus. Upon signing of this Agreement, Executive will receive a one-time cash bonus equal to one month gross base compensation ($7,000).
Special Incentive Bonus. Subject to the terms and conditions of this Agreement, and so long as Employee remains continuously employed as an employee by the Company through November 30, 2010, Company shall pay to Employee a one-time cash bonus in the amount of up to $275,000.00 (the “Incentive Bonus”). No Incentive Bonus shall be payable if Employee’s employment is terminated prior to November 30, 2010 for the following reasons: Employee’s death, Employee’s disability, termination by the Company with cause or voluntary termination by Employee.
Special Incentive Bonus. Provided that this Employment Agreement or Employee's employment hereunder shall not have been terminated for any reason during the period six (6) months after the Commencement Date, Employee shall be eligible for a special incentive bonus of up to $7,500 (the "Incentive Bonus"), based upon goals mutually agreeable to the Chairman and Employee, which Incentive Bonus shall be paid to Employee on the date that is six (6) months after the Commencement Date.
Special Incentive Bonus. Executive will continue to be entitled to receive the Special Incentive Bonus as provided in Section 3 of the Agreement.
Special Incentive Bonus. Executive shall be eligible to participate in the Special Incentive Bonus program attached hereto as Exhibit A.
Special Incentive Bonus. Subject to the terms of this Agreement, you will be eligible for a Special Incentive Bonus of an equity award of 95,348 restricted stock units representing the contingent right to receive one share of common stock per restricted stock unit which will have a value equal to 40% of your fiscal year 2023 annualized salary of $417,150. The restricted stock units shall vest on the earlier of (i) July 1, 2023 or (ii) the successful achievement of the Company’s 2023 objectives as defined by the Company’s Board of Directors provided that you satisfy all of the conditions to vesting described in Paragraph 3. The Special Incentive Bonus shall be subject to all applicable federal, state, and local tax withholdings.
