Bonus and Commission definition

Bonus and Commission means any cash or shares based awards or other similar compensation paid or accrued to a NEO or a director in the fiscal year indicated, usually as a one-off special bonus for exceptionally valuable person contribution to the Company.
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Examples of Bonus and Commission in a sentence

  • Incentive Compensation: The Executive will be entitled to share in the Executive Bonus and Commission Plans.

  • Except as specified otherwise in this Agreement and subject to applicable law, employment contract, collective bargaining agreement, trade union agreement or works council agreement, Mead Johnson shall retain all Liabilities under the BMS Cash Bonus and Commission Plans (excluding any performance incentive bonus) and related administrative guidelines and procedures of BMS with respect to the Mead Johnson Transferred Employees, to the extent such Liabilities relate to performance after December 31, 2007.

  • Except as specified otherwise in this Agreement or set forth on Section 9.4 of the Schedules and subject to applicable law, BMS shall retain all Liabilities under the BMS Cash Bonus and Commission Plans (excluding any performance incentive bonus) and related administrative guidelines and procedures of BMS with respect to the Mead Johnson Transferred Employees, to the extent such Liabilities relate to performance prior to January 1, 2008.

  • BMS shall calculate the amounts payable to such Mead Johnson Transferred Employees under the BMS Cash Bonus and Commission Plans for the 2008 fiscal year, and shall direct Mead Johnson to make such payments after the end of the applicable fiscal year pursuant to the terms and conditions of the BMS Cash Bonus and Commission Plans.

  • Bonus and Commission of a WOR(l)D business transferred pursuant to this section will be paid in a single transaction jointly to the devisees.

  • Incentive Compensation: The Executive will be entitled to a Bonus and Commission Plan totaling up to $100,000 per year.

  • With respect to each calendar year while employed hereunder, Executive shall be eligible to earn an Annual Bonus and Commission award (an "Annual Bonus and Commission") pursuant to an annual incentive plan to be established by the Board; provided, however, that Executive's target Annual Bonus and Commission opportunity shall not be less than 60 percent of Executive's Base Salary (the "Target Bonus and Commission").

  • Bonus and Commissions will be paid pursuant to such terms and conditions as are established by the CEO, subject to approval by the Committee, and, to the extent payable under a Bonus and Commission Plan, subject to such terms and conditions as may be set out in such plans.

  • During the first year of the employees employment with the Company, the total compensation paid to the employee as Regular Compensation, Profit Bonus and Commission Bonus, will not be less than $190,000 ("First Year Guaranteed Compensation").

  • Bonus and Commission Qualifications An Independent Representative must be active and in compliance with the Agreement to qualify for bonuses and commissions.