Subsequent Bonuses Clause Samples
Subsequent Bonuses. Irrespective of any other bonus payment payable to the Employee pursuant to this Agreement, the Compensation Committee (or in the absence of a compensation committee, the Board committee performing equivalent functions or the entire Board of Directors of the Company) shall evaluate the Employee's performance at the end of each fiscal year commencing with the Company's fiscal year ending December 31, 1998 and determine whether the Employee's performance merits payment of a performance bonus to the Employee. The performance bonus is wholly discretionary.
Subsequent Bonuses. For each year after fiscal year 1998, Employee shall be eligible for cash bonus awards in the discretion of the Company's Board of Directors; however, the parties anticipate that such
Subsequent Bonuses. The annual bonus potential, and the bonus ------------------ criteria, for years subsequent to 1998 shall be determined by mutual agreement of the Executive and the Board.
Subsequent Bonuses. For each fiscal year after fiscal year 2000, if the Company achieves the performance goals that determine the eligibility of Company management for maximum bonus awards, Employee shall be eligible for a cash bonus award in the range between 75% and 100% of the Employee’s base salary at the end of that fiscal year, which amount shall be determined by the Board of Directors in its discretion as a function of Employee’s involvement in the Company’s affairs during that fiscal year. In the event that the Company fails to achieve the performance goals corresponding to maximum eligibility, Employee shall receive that proportion of the maximum cash bonus which is equivalent to the same proportion of the respective maximum cash bonuses generally achieved by the rest of the senior managem ent team for that year.
Subsequent Bonuses. For each one year period after July 1, 2001, Executive shall be eligible to earn an annual discretionary incentive bonus equal to at least 100% of his Base Salary ("Target Bonus"). The Target Bonus shall be earned based on achievement of objectives to be identified by the Board of Directors. The Board will set objectives, after consultation with Executive, within sixty days of the start of each twelve-month period. Target Bonuses payable under this Subsection 3(c) shall be payable in accordance with the Company's normal practices and policies no later than 30 days after the end of each annual period.