Common use of Stretch Bonus Clause in Contracts

Stretch Bonus. In addition to the Basic Bonus and for each calendar year (or other fiscal year period, if the Company changes from a calendar fiscal year) during the Employment Period, the Executive shall be eligible to receive an additional bonus of up to fifty percent (50%) of the Executive’s Base Salary (“Stretch Bonus”), in the event of the Executive’s satisfaction of objective stretch performance criteria that have been pre-established by the Compensation Committee following consultation with the Executive.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (Intelsat LTD), Employment Agreement (Intelsat LTD)

AutoNDA by SimpleDocs

Stretch Bonus. In addition to the Basic Bonus and for each calendar year (or other fiscal year period, if the Company changes from a calendar fiscal year) during the Employment Period, the Executive shall be eligible to receive an additional bonus of up to fifty sixty-five percent (5065%) of the Executive’s Base Salary (“Stretch Bonus”), in the event of the Executive’s satisfaction of objective stretch performance criteria that have been pre-established by the Compensation Committee following consultation with the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Intelsat S.A.), Employment Agreement (Intelsat S.A.)

Stretch Bonus. In addition to the Basic Bonus and for each calendar year (or other fiscal year period, if the Company changes from a calendar fiscal year) during the Employment Period, beginning with 2013, the Executive shall be eligible to receive an additional bonus of up to fifty one hundred twenty-five percent (50125%) of the Executive’s his Base Salary (“Stretch Bonus”), in the event of the Executive’s satisfaction of objective stretch performance criteria that have been pre-established by the Compensation Committee following consultation with the Executive.

Appears in 1 contract

Samples: Employment Agreement (Intelsat Global Holdings S.A.)

Stretch Bonus. In addition to the Basic Bonus and for each calendar year (or other fiscal year period, if the Company changes from a calendar fiscal year) during the Employment Period, the Executive shall be eligible to receive an additional bonus of up to fifty percent one hundred (50100%) of the Executive’s Base Salary (“Stretch Bonus”), in the event of the Executive’s satisfaction of objective stretch performance criteria that have been pre-established by the Compensation Committee following consultation with the Executive.

Appears in 1 contract

Samples: Employment Agreement (Intelsat S.A.)

AutoNDA by SimpleDocs

Stretch Bonus. In addition to the Basic Bonus and for each calendar year (or other fiscal year period, if the Company changes from a calendar fiscal year) during the Employment Period, beginning with 2013, the Executive shall be eligible to receive an additional bonus of up to fifty seventy-five percent (5075%) of the Executive’s his Base Salary (“Stretch Bonus”), in the event of the Executive’s satisfaction of objective stretch performance criteria that have been pre-established by the Compensation Committee following consultation with the Executive.

Appears in 1 contract

Samples: Employment Agreement (Intelsat Global Holdings S.A.)

Time is Money Join Law Insider Premium to draft better contracts faster.