Bonus Opportunity. The Company shall offer each year an incentive bonus compensation plan. Such plan will include an annual bonus target amount equal to at least 50% of the Executive’s annual base salary and shall contain such additional terms as determined by the Chief Executive Officer. The amount of any bonus payable to Executive in any year shall be based upon performance targets established in advance under the bonus plan and Executive’s achievement of such performance criteria.
Bonus Opportunity. For each Performance Period, as defined in paragraph B below, Executive shall be entitled to a Bonus based on his Target Bonus, as set forth in paragraph C below, subject to the achievement of certain performance goals.
Bonus Opportunity. For each fiscal year of the Corporation during the Term, the Corporation shall grant to the Executive the opportunity to earn a bonus. Each such bonus opportunity will be based on objectives established with respect to that year, each as determined by the Compensation Committee of the Board. The specific bonus opportunity with respect to a particular fiscal year will be established by the Compensation Committee prior to or within the first three months of that fiscal year.
Bonus Opportunity. The Company shall maintain an incentive bonus compensation plan similar to the Company’s Annual Executive Bonus Plan, approved by the shareholders in 2010. Such plan will include an annual base bonus target amount equal to 100% of the level of the Executive’s annual base salary; if any amount of such bonus is payable under the terms of a plan, it shall be in addition to Executive’s annual base salary. The actual amount of any bonus payable to Executive in any year shall be determined by the Board or the Committee based upon performance criteria set forth in advance under the bonus plan and Executive’s achievement of such performance criteria.
Bonus Opportunity. You will have the opportunity to earn a target annual cash bonus equal to 30% (and effective on the IPO, increasing to 40%) of your annual base salary, less payroll deductions and all required withholdings, based on achieving performance objectives established by the Company’s Board of Directors or its authorized committee (in either case, the “Committee”), in its sole discretion and payable on or following the Committee’s determination of the achievement of those objectives. Unless determined otherwise by the Committee, you must be an active employee of the Company in good standing on the date any achieved portion of the bonus is paid in order to be eligible for and to earn such bonus. Your annual bonus opportunity and the applicable terms and conditions may be adjusted from time to time by the Committee.
Bonus Opportunity. For each fiscal year during the Employment Period, Executive shall be eligible to receive an annual bonus (the “Annual Bonus”) under the terms of the Company’s annual bonus plan as in effect from time to time, based on the achievement of performance criteria established by the Board or the Compensation Committee within the first three (3) months of each fiscal year that begins during the Employment Period. For fiscal year 2021, Executive shall be eligible to receive an Annual Bonus equal to fifty percent (50%) of his Annual Base Salary earned in 2021 if threshold performance is attained, an Annual Bonus equal to one hundred percent (100%) of his Annual Base Salary earned in 2021(“Target Bonus”) if target performance is attained and an Annual Bonus equal to one hundred fifty percent (150%) of his Annual Base Salary earned in 2021 if performance equals or exceeds the maximum performance level established. The threshold, target and maximum Annual Bonus for each subsequent fiscal year of the Term and the corresponding performance criteria shall be determined in good faith by the Board or the Compensation Committee within the first three (3) months of each fiscal year that begins during the Employment Period. In respect to the Annual Bonus for the final year of the Term, as may be extended pursuant to Section 2(b), provided that Executive is employed by the Company until the expiration of the Term and that Executive’s employment was not terminated for Cause by the Company following the Term, any qualitative performance evaluation will be performed by December 16 of the final year, and the achievement of quantitative performance metrics shall be determined based on actual performance for the final year and determined on or before March 31 of the year following the final year of the Term, whether or not Executive is employed during the year following the final year. Payment of Annual Bonuses to Executive, if any, shall be made in the same manner and at the same time that other senior-level executives receive their annual bonus awards, but in any event on or before the end of the first quarter following the end of the applicable performance year. • During the Employment Period, Executive shall be eligible to be granted long term incentive or equity awards as may be determined by the Board or the Compensation Committee in its sole discretion under such plans and programs as may be in effect from time to time.
Bonus Opportunity. Subject to the terms and conditions of this Letter, if you remain continuously employed with the Company through the Closing Date of the Transaction, you will be entitled to receive a cash bonus equal to $1,000,000 (the “Bonus”). The Bonus shall be paid to you within five days of the Closing Date, subject to the satisfaction of the conditions in Section 2 of this Letter.
Bonus Opportunity. The Board or its Committee, in its sole discretion, may establish a bonus or other incentive program and determine your eligibility to participate in such program, including without limitation, any performance objectives or other criteria and any target bonus opportunity applicable to you. Any such bonus or other incentive opportunity and the applicable terms and conditions may be adjusted from time to time by our Board or the Committee, as applicable, in its sole discretion. Unless determined otherwise by the Board or Committee, as applicable, any such bonus or other incentive will be subject to your continued employment through and until the date of payment.
Bonus Opportunity. The Board may, in its sole and absolute discretion, award the Executive an annual cash bonus.
Bonus Opportunity. During the period of this Agreement, Executive shall be provided with the opportunity to earn and receive an annual incentive performance bonus payable in cash in an amount equal to $100,000 (pro-rated for any period of less than 12 months), 20 percent of which shall be conditioned and determined on the attainment of personal performance goals and 80 percent of which shall be conditioned and determined on the attainment of organizational performance goals, in each case as set by, and based on performance criteria established by, the Compensation Committee. The Compensation Committee shall notify Executive of the bonus opportunity by no later than the end of the first 90 days of each annual performance period and shall, at that time, set and communicate to Executive the personal and organizational performance goals on which the bonus (and each component thereof) shall be conditioned and the criteria on which the attainment of such goals and the resulting bonus, if any, shall be determined. All determinations with respect to the bonus hereunder shall be made by the Compensation Committee and its determinations shall be final and binding.
