Supplemental Bonus. In addition to the Base Bonus, if any, to which the Employee may be entitled under clauses (i), (ii) or (iii) of Section 4(b), the Company shall pay the Employee a bonus with respect to such fiscal year or portion thereof during the Term in accordance with the following provisions:
Supplemental Bonus. Company agrees to pay Executive a supplement bonus payment of $500,000 (each a “Supplemental Bonus” and collectively the “Aggregate Bonus Opportunity”) within 60 days following the end of fiscal years 2011, 2012, 2013, and 2014, if Executive remains continuously employed by the Company through the last day of the applicable fiscal year with respect to which the Supplemental Bonus relates.
Supplemental Bonus. For each fiscal year ending during the Term (beginning with the fiscal year ending May 31, 2019), the Executive may be eligible to receive a supplemental bonus (the “Supplemental Bonus”). Whether the Executive shall be paid a Supplemental Bonus for a fiscal year, and the amount of such Supplemental Bonus, shall be determined by the Board in its sole discretion. When determining whether a Supplemental Bonus shall be payable for a fiscal year, the Board may, but shall not be required to, consider any unanticipated achievement of corporate objectives for such fiscal year. Each Supplemental Bonus for a fiscal year, to the extent earned, will be paid in a lump sum no later than March 15 of the calendar year immediately following the year in which such Supplemental Bonus was earned. The Board shall determine whether each Supplemental Bonus shall be payable in cash and/or in unrestricted Shares under (and as defined in) the Plan. The Supplemental Bonus shall not be deemed earned until the date that it is paid. Accordingly, in order for the Executive to receive a Supplemental Bonus, the Executive must be actively employed by the Company at the time of such payment except as set forth in Section 4.1(c).
Supplemental Bonus. In addition to the Annual Bonus described ------------------ above, for fiscal years 1999, 2000 and 2001, Employee will be entitled to a supplemental bonus ("Supplemental Bonus") of $150,000 per year if 110 percent of the Target Rate specified in the Supplemental Option for those fiscal years is reached or exceeded; provided that the EBITDA of ExecuStay grows at a cumulative annual rate (but not compounded) of at least 35 percent beginning with the 1999 fiscal year. A percentage of the Supplemental Bonus will be earned if at least 105 percent of the Target Rate is reached according to the following schedule: At least this percentage Percentage of Supplemental of the Target Rate is reached Bonus Earned ------------------------------ ------------ 105 10 106 20 107 30 108 50 109 70 110 100 The determination of EBITDA, any adjustments thereto and the achievement of Target Rates shall be determined in the same manner as for the Supplemental Option. This Supplemental Bonus, if any, shall be excluded from the bonus amount taken into account for purposes of calculating the deferred bonus stock award described in Section 5(c) above.
Supplemental Bonus. For Fiscal Year 2007 and for each subsequent Fiscal Year during the Term, the Executive may also be eligible to receive a supplemental cash bonus (the “Supplemental Cash Bonus”), in addition to the Annual Cash Bonus and in an amount to be determined pursuant to a supplemental bonus program to be adopted in the discretion of the Board, if the Company’s revenue, EBITDA and cash flow for a Fiscal Year are greater than the Bonus Target for such Fiscal Year. Supplemental Cash Bonuses, if any, shall be payable to Executive at the same time as Annual Cash Bonuses.
Supplemental Bonus. In recognition of the Executive’s prior and future service to the Company, and in consideration for the Executive’s execution of this Agreement, the Executive shall be eligible to receive a bonus (the “Supplemental Bonus”), payable in cash in accordance with this Section 4(k), with a targeted aggregate value of $1,500,000. The Executive shall be eligible to earn 50% of the Supplemental Bonus on December 31, 2013 and 50% of the Supplemental Bonus on December 31, 2014, subject to the achievement of the performance goals described below and the Executive remaining continuously employed with the Company through the applicable vesting date. The amount of Supplemental Bonus payable to the Executive shall be determined as follows: 25% of the amount of the Supplemental Bonus payable shall be based on the satisfaction of non-financial objectives as determined by the Compensation Committee, in consultation with the Company’s Chief Executive Officer; and 75% of the amount of the Supplemental Bonus payable shall be based on the achievement of cumulative EBITDA targets, as determined by the Compensation Committee, in each case based on the period beginning July 1, 2011 and ending on the applicable vesting date. The amount of Supplemental Bonus, if any, earned by the Executive shall be paid to the Executive no later than two and one-half months following the applicable vesting date. In the event of a merger, consolidation, acquisition, other change in the Company’s corporate structure, change in accounting principles or other event influencing the achievement or calculation of the goals established pursuant to this Section 4(k), the Compensation Committee shall make equitable adjustments to the applicable goals as it deems appropriate.
Supplemental Bonus. In addition to any other bonus to which Executive may be entitled, the Company shall pay Executive a bonus of $25,000 on December 31, 2013.
Supplemental Bonus. The Company shall pay the Employee a supplemental bonus ("Supplemental Bonus") if in the opinion of the Compensation Committee, Employee has during a year expended extra effort on acquisitions, financing or other transactions outside of the Company's ordinary course of business. The amount of any Supplemental Bonus shall be determined by the Compensation Committee in its sole discretion. The Supplemental Bonus shall be paid at the same time as bonuses are paid to other executives of the Company generally for each year, but in no event later than fifteen (15) days after the completion of the audit of the financial statements of the Company by the Company's outside independent accountants for such year.
Supplemental Bonus. If determined appropriate by Bxxxx Xxxxxx, in his sole discretion, in addition to the Base Salary, the Company shall pay Executive a one-time lump sum amount of up to $100,000 (the “Supplemental Bonus”) within ten days after the six month anniversary of the Effective Date, provided, however, unless otherwise stated herein, the Supplemental Bonus shall not be paid if the Employment Term is terminated prior to the six month anniversary of the Effective Date. In addition to any Supplemental Bonus, if it is jointly determined by the Board and Bxxxx Xxxxxx, in their sole discretion, that the Executive has provided exceptional services to the Company, the Company may pay Executive such additional amount as the Board and Bxxxx Xxxxxx dxxx appropriate.
Supplemental Bonus. You will be paid a bonus of $15,000 after 3 months of employment with the Company and an additional bonus of $15,000 after 12 months of employment. You must be employed at the Company to receive the foregoing bonus payments. Any bonus shall be subject to applicable withholding and other legal deductions.
