Bonus definition
Examples of Bonus in a sentence
Executive’s Target Bonus may be updated by the Board or Compensation Committee on an annual basis.
Any payment of the Annual Bonus made with respect to a quarterly period (a “Quarterly Bonus Payment”) shall be deducted from any Annual Bonus payment owed for the fiscal year in which such quarterly period occurred.
The Annual Bonus shall be paid to Executive when paid generally to other senior executives of the Company, but in any event, to the extent determinable as of such time, not later than March 15th of the year immediately following the applicable year for which such Annual Bonus is being paid.
The payment of any Annual Bonus pursuant to the incentive program shall be subject to Executive’s continued employment with the Company through the date of payment, except as otherwise provided in Section 4(b).
The Board or Compensation Committee may determine to measure the achievement of performance goals and/or pay the Annual Bonus quarterly.