Tournament Bonuses Sample Clauses
The Tournament Bonuses clause establishes the conditions under which additional compensation is awarded based on performance in tournaments. Typically, this clause outlines the criteria for earning bonuses, such as achieving certain rankings or milestones in specific competitions, and details the calculation and timing of such payments. Its core practical function is to incentivize high performance and reward success in competitive events, thereby motivating participants and aligning their interests with organizational goals.
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Tournament Bonuses. 1. WIN - Every time Player wins a Nike Tour Tournament, Company shall pay Player $10,000.
Tournament Bonuses i. Driver Bonus. In 1998, Company agrees to pay Player $1,000 for each Official Event that Player uses Company Driver. In addition, Company agrees to pay Player $5,000 if Player should switch to using Company Driver in Official Events prior to March 1, 1998.
ii. PGA Tour Victories
1) Player using Company Driver: Company agrees to pay Player $15,000 and 5,000 stock options @ $2.00 per option for each tournament victory (up to 3) in Official Events during 1998 or 1999.
2) Player not using Company Driver: Company agrees to pay Player $25,000 for each tournament victory (up to 3).
Tournament Bonuses a. Big Sky. The University must pay to Coach an additional one week’s pay of Coach’s Annual Salary for each year during the Term at which the Team upon the regular season’s conclusion has:
i. obtained an automatic NCAA Championships berth otherwise.
Tournament Bonuses. Company agreed, under the Old Agreement, to pay Professional certain bonuses based on Professional's performance on the PGA Tour, and Company hereby reaffirms its obligation to pay the bonuses set forth below (Each of the bonuses set forth in this Section may be referred to individually as a "Bonus" and/or collectively as the "Bonuses"):
A. PGA Tour Victories: Company agrees to pay GDA $25,000 for each of Professional's tournament victories.
B. Money List: Company agrees to pay GDA a cash bonus ("Money List Bonus") in an amount determined by the Professional's year end ranking on the Official PGA Tour Money List for the year 1998 as follows: #1 $100,000 #2-10 $ 50,000 #11-20 $ 40,000 #21-30 $ 30,000
C. Professional of the Year: Company agrees to pay GDA $50,000 if Professional should be named "PGA Tour Professional of the Year".
▇. ▇▇▇▇▇ Cup/Presidents Cup: Company agrees to pay GDA $25,000 if Professional should be named to the Ryder Cup or Presidents Cup teams.
Tournament Bonuses. In addition to the Retainer Fee set forth in Paragraph 8 above, TPC agrees to pay Consolidated Artists on behalf of ▇▇▇▇ the following tournament bonuses for ▇▇▇▇'▇ tournament performances during the Contract Period (the "Tournament Bonus or Bonuses"):
(a) Sixty Thousand U.S. Dollars ($60,000), each time ▇▇▇▇ wins a Major Tournament; and
(b) Twenty Thousand U.S. Dollars ($20,000), each time ▇▇▇▇ wins a network televised US PGA Tour Tournament; and
(c) Ten Thousand U.S. Dollars ($10,000) each time ▇▇▇▇ wins a cable televised US PGA Tour Tournament; and
(d) Seven Thousand Five Hundred U.S. Dollars ($7,500) each time ▇▇▇▇ wins a Golf Channel televised US PGA Tour Tournament or a Golf Channel televised International Tournament; and
Tournament Bonuses