Super Bonus Sample Clauses
The Super Bonus clause establishes the conditions under which an additional, exceptional bonus is awarded, typically beyond standard compensation or performance incentives. This clause outlines specific achievements, milestones, or extraordinary results that must be met for the bonus to be triggered, such as surpassing sales targets or completing a project ahead of schedule. Its core practical function is to motivate outstanding performance by offering a significant financial reward for exceptional results, thereby aligning individual or team efforts with the organization's highest priorities.
Super Bonus. Executive shall be entitled to a super bonus (the "Super Bonus") if during the one-year period from October 1, 2000 to September 30, 2001, the Company's wireless reselling business acquires 100,000 or more new active mobile identification numbers ("MINS") on terms and conditions in effect prior to October 1, 2000, subject to adjustment as required to respond effectively to competitive changes in the industry. The Super Bonus shall be $250,000 payable in cash within forty-five (45) days following the expiration of the one-year measurement period described above.
Super Bonus. Executive will be eligible to receive an annual performance super bonus of $50,000, based upon achieving 110% or more of the Company’s annual USGAAP Revenue target for a given fiscal year (the “Annual Super Bonus”). Any Annual Super Bonus earned for the current fiscal year during the Effective Date shall be pro-rated for the partial year of service. Executive hereby acknowledges and agrees that nothing contained herein confers upon Executive any right to an Annual Super Bonus in any calendar year, and that whether the Company pays Executive an Annual Super Bonus will be determined by the CEO. Executive must be employed with the Company at the time the Annual Super Bonus is paid in order for the Annual Super Bonus to be earned. Any Annual Super Bonus earned by Executive pursuant to this section shall be paid to Executive, according to Company policy and after CEO approval following the end of the fiscal year to which the Annual Super Bonus relates.
Super Bonus. In addition to any other compensation in this Agreement, Employee is eligible to receive a one-time super-bonus. If the SUG-HC Division’s EBITDA for any of the 2023, 2024, 2025, 2026, or 2027 calendar years equals or exceeds [***], Employee shall earn a bonus in the amount of [***] multiplied by the SUG-HC Division’s EBITDA for that calendar year. The amount earned will be settled in common stock of the Company. Once the super-bonus is earned, it may not be earned again. For illustrative purposes: ● If the SUG-HC Division’s EBITDA for 2026 is $[***], Employee shall earn a super-bonus in the amount of $[***]. ● If the SUG-HC Division’s EBITDA for 2026 is $[***], Employee shall earn a super-bonus in the amount of $[***]. ● If the SUG-HC Division’s EBITDA for 2026 is $[***], Employee shall not earn a super-bonus for that year. The share price used to determine the number of shares that Employee shall receive will be the closing price on the last trading day of the applicable calendar year, as reported in the Wall Street Journal. The number of shares granted shall be rounded down to the nearest whole number.
Super Bonus. The Executive shall receive a one-time “super-bonus” (the “SB”), to the extent provided under the terms and conditions set forth in Annex II hereto, which is incorporated by reference herein.