Annual Cash Bonus means the cash compensation payable to Executive as calculated and paid in a manner substantially similar to the methods and timing used to calculate and pay Executive's bonus for calendar year 1999; PROVIDED, HOWEVER, that during the term of this Agreement, neither the Company nor the Compensation Committee shall change such methods and timing in a manner which will be less favorable to Executive.
Annual Cash Bonus shall have the meaning set forth in Section 4(b).
Annual Cash Bonus is the cash bonus calculated pursuant to the methodology set forth in paragraph 4.B. and paid to Employee annually during the term of this Agreement.
Examples of Annual Cash Bonus in a sentence
Cash bonuses shall be awarded pursuant to the terms of the Company’s Annual Cash Bonus Plan, if one has been adopted by the Board and if not, then by action of the Board.
The Annual Cash Bonus shall be determined based on a target bonus equal to 100% of Base Salary (the “Target Bonus”).
Annual Cash Bonus Plan, as amended by the Company from time to time (the “Bonus Plan”), or its successor plan.
Any Annual Cash Bonus payable to Executive will be paid at the time set forth in the applicable bonus plan, or if no such plan exists, at the time the Company otherwise pays such bonuses to its senior executives, but in no event later than 75 days following the end of the applicable fiscal year, and will be subject to the terms and conditions of the applicable annual cash incentive compensation plan.
Any Annual Cash Bonus payable to Executive will be paid at the time the Company normally pays such bonuses to its senior executives, but in no event later than 90 days following the end of the applicable fiscal year, and will be subject to the terms and conditions of the applicable annual cash incentive compensation plan.
More Definitions of Annual Cash Bonus
Annual Cash Bonus means, with respect to any calendar year or other period, the bonus which, absent its deferral hereunder, would be payable to a Participant for services rendered as an Executive. However, the term will not include any bonus or special distribution made in connection with any other employer provided benefit or fringe benefit program,
Annual Cash Bonus means a bonus that shall be achieved by the satisfaction of operating objectives specified by the Company’s Board of Directors and the Chief Executive Officer of the Company (to the extent the same shall be delegated by the Board) from time to time in their sole discretion and the term “Performance-Based Plan” shall mean the then-current Company plan(s) under which any Annual Cash Bonus has been established and is determined, as the same may be changed from time to time. The Annual Cash Bonus may consist of multiple components, including components based upon the performance (1) of the Company as a whole, (2) of the Executive and employees under the direction of the Executive, and/or (3) of a subset of the Company which may include the Executive (and employees under the direction of the Executive) and employees who are not under the direction of the Executive but which components are not Company-wide objectives. Currently, the maximum amount payable under the Performance-Based Plan for Executive does not exceed twenty-five percent (25%) of the Executive’s Base Salary, and consists solely of objectives determined on an individual basis and on a company-wide basis, any of which may change from time to time. Executive acknowledges that Company reserves the right to change the structure of the Annual Cash Bonus from time to time, provided that any change will not affect Executive’s ability to receive an Annual Cash Bonus of up to 25% of Executive’s base salary. Executive shall be paid his Annual Cash Bonus on or after March 16th of the calendar year following the year to which such bonus relates, but before the end of such calendar year. The parties acknowledge that the determination of the Annual Cash Bonus for the year in which Executive’s employment terminates (and possibly for the prior year) shall not be known on the date Executive’s employment terminates, and, if any, shall be paid by Company to Executive not more than thirty (30) days after the determination thereof, but in all events on or after March 16th of the calendar year following the calendar year of termination, but before the end of such calendar year. Notwithstanding the foregoing, in addition to participation in the standard Performance-Based Plan in FY2007, (i) Executive shall be entitled to a cash bonus in the amount of not less than $50,000 (the “2007 Guaranteed Bonus”), which shall be paid in four (4) equal quarterly payments at the end of each quarter, (ii) Executive shall receive a bon...
Annual Cash Bonus for a calendar year shall mean the amount, in the good faith determination of the Board of Directors (or Compensation Committee of the Board of Directors), you have earned as of the date of your termination under the bonus component of the Company’s officer bonus incentive plan in effect at that time.
Annual Cash Bonus means the amount payable to a Participant under the terms of any bonus program sponsored by the Company in which the Participant is eligible to participate.
Annual Cash Bonus. In addition to Employee's base compensation as set forth in paragraph 5(a) above, Employee shall be entitled (in the event certain criteria as defined below is satisfied) to an annual cash bonus to be determined as follows:
Annual Cash Bonus means the amount calculated as set forth in Section 5(a).
Annual Cash Bonus. You will be eligible to receive an annual cash target bonus equal to 100% of your annual base salary. Based upon your start date, your annual target bonus amount for the 2016 performance year may be pro-rated for the time served as EVP, PO&T for Biogen and the time spent as the CEO under the SpinCo bonus plan based on the compensation that was effective at such time. At this time final details with respect to the SpinCo annual bonus plan have not been finalized. The annual cash bonus shall be payable in a single lump sum as soon as reasonably practicable following the close of the year with respect to which the bonus is paid, but in all events prior to March 15 of the year following the year with respect to which the bonus is paid.