Examples of Bonus Plan in a sentence
The Management Stock Bonus Plan Committee, composed of not less than three members, administers the Plan.
Before these shares are to be issued, the Recipient must deliver to the Committee that administers the Stock Bonus Plan an agreement in duplicate, in the form as Exhibit B hereto.
Any bonus or incentive compensation under this Section 2.3 under the Bonus Plan or otherwise is referred to herein as “Incentive Compensation.” Stock-based compensation shall not be considered Incentive Compensation under the terms of this Agreement unless the parties expressly agree otherwise in writing.
Any amendments to the Bonus Plan shall require stockholder approval only to the extent required by any applicable law, rule or regulation.
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.