VARIABLE BONUS Sample Clauses

VARIABLE BONUS. The variable bonus which includes the Performance Bonus (PB) shall be determined on a yearly basis. The quantum will be based on the performance of the NUH, the Singapore economy, the staff and in consultation with the Union.

VARIABLE BONUS. Starting on January 1, 2019, Employee shall be eligible to earn a bonus of up to 25% of his Base Salary upon the achievement of pre-established performance targets set by the Compensation Committee of the Company’s Board of Directors (“Compensation Committee”). The Compensation Committee holds the right to make any changes to the bonus criteria, including whether bonuses will be paid, at their discretion. The final amount will be as per the discretion of the Compensation Committee. The amount will be payable on an annual basis within 45 days after Ameri’s filing of its annual financial statements with the Securities and Exchange Commission, so long as Employee is still employed by the Company at that time.

VARIABLE BONUS. A variable bonus shall be paid to employees on a yearly basis subject to the Company's profitability and viability. The payment of variable bonus shall be made in accordance with individual performance.

VARIABLE BONUS. The variable bonus shall be determined on a yearly basis. The quantum will be based on the performance of the Hospital, the Singapore economy and the staff and determined in consultation with the Union.

VARIABLE BONUS. Employee shall be eligible to earn a bonus of up to 50% of his base salary upon the achievement of pre-established performance targets set by the Board which will have the following components: (i) growth in revenue of Ameri and its subsidiaries on a consolidated basis, (ii) quality of such revenue, (iii) gross margin improvement from the December 2017 base line of Ameri and its subsidiaries on a consolidated basis, and (iv) adjusted EBITDA improvement of Ameri and its subsidiaries on a consolidated basis both in aggregate amount and percentage as compared to prior time-equivalent periods. The Board holds the right to make any changes to the bonus criteria, including whether bonuses will be paid, at their discretion. The final amount will be as per the discretion of the Board. The amount will be payable on an annual basis within 45 days after Ameri’s filing of its annual financial statements with the Securities and Exchange Commission. Upon the occurrence of a Change in Control (as such term is defined in Ameri’s 2015 Equity Incentive Award Plan) resulting in the termination of Employee’s employment with the Company within six months of such Change of Control (other than for Cause, as defined below), or in the event of the termination of your employment due to your death or Disability (as defined below), Employee shall be entitled to receive such portion of any accrued bonus that is equal to the proportion of the applicable bonus period for which Employee was employed by the Company. The payout of any bonus compensation will be subject to all withholdings and deductions in accordance with the Company’s normal payroll procedures.

VARIABLE BONUS. (1) The Company and the Union shall negotiate on the variable bonus yearly. The variable bonus shall be payable each year, subject to the Company's performance. The payment shall be made as a one-off lump sum payment and shall be payable on the third quarter of the calendar year just after the end of each financial year. (2) Confirmed employees who have less than one year's service in the Company shall be entitled to a pro-rated variable bonus. (3) Staff who tendered their resignation before the payment of variable bonus may not be entitled to such payment.

VARIABLE BONUS. (1) The Company shall consult the Union on the variable bonus of each financial year in January of the following year. (2) The Company shall pay each employee variable bonus not later than March following the financial year. (3) Employees must remain in the employment of the Company as on the day of payment to qualify for variable bonus. (4) Employees who have not completed twelve (12) months’ service at the time of payment of the variable bonus shall receive pro-rated variable bonus. (5) The variable bonus shall be paid based on the operating performance of the company.

VARIABLE BONUS. The Company and the Union shall meet in the month of April in each year to discuss whether an annual bonus shall be paid for the previous year, and if so, the quantum of variable bonus shall be negotiated by the parties. In deciding whether to pay an annual bonus in respect of any year, the Company and Union may take into account the Company’s fiscal performance in that year and the Company’s projected plans (whether for business expansion or otherwise) for the succeeding year and the prevailing market conditions. The amount of annual bonus awarded to an individual employee shall depend on the individual performance of the employee as assessed by the Company. Only confirmed employees of the Company shall be entitled to be paid annual bonus, and no bonus shall be paid to any employee who has ceased to be employed by the Company on the date the Company pays bonuses to its employees.

VARIABLE BONUS a. You will be eligible for a Variable Bonus to be paid according to the following formula; i. Variable Bonus equals Commissionable Sales times 0.20 %. ii. Commissionable Sales consists of Net Sales Proceeds to TouchTunes from the sale of products (i.e. New Jukeboxes, Tune Central, Upgrade Kits, Net Trade-in Jukeboxes, Merit Units, Refurbished Jukeboxes and Repossessed Jukeboxes) shipped during 2004. iii. Net Sales Proceeds consists of the sales price invoiced to the customer net of any pricing discounts, volume rebates, etc. For purposes of clarity, Net Sales Proceeds are not reduced for distributor commissions. iv. Commissionable Sales are reduced for all returns upon which Variable Bonus have been previously paid. v. Any adjustments to Variable Bonus due to the above will be applied against the next payment. vi. Revenues from the sale & Parts and Music Service will be excluded. In addition, freight, sales tax and similar items will be excluded. vii. Variable Bonus will be paid on a monthly basis. viii. Variable Bonus is not capped either on the low side or the high side.