2015 Bonus. So long as you are employed by the Company at the time bonuses are paid and you are in good standing, you will be entitled to an annual bonus for the calendar year 2015 (the “2015 Bonus”). The 2015 Bonus shall not be less than the 2014 Bonus and will be paid at the same time bonuses are customarily paid by the Company to other similarly situated employees.
2015 Bonus. The Company shall pay to Executive his annual performance bonus, to the extent earned, for fiscal year 2015 based solely on the Company’s actual results against the Company’s goals for the year, as determined by the Company in its sole discretion. Any such fiscal year 2015 annual performance bonus that becomes earned and payable under this Section 3(b) shall be paid, less applicable withholdings and deductions, to Executive at the same time related bonuses are paid to the Company’s continuing executive employees.
2015 Bonus. The Company shall pay to Executive $39,665.00, which constitutes the amount of the bonus Executive earned for fiscal year 2015. Any amount that becomes payable under this Section 4(b) shall be paid, less applicable withholdings and deductions, to Executive within thirty (30) days following the payment to other executives of their 2015 Bonuses.
2015 Bonus. Executive shall be eligible for a pro-rata bonus for 2015, if at year end, (i) the Compensation Committee determines that the Company has met its annual objectives; and (ii) the Compensation Committee awards bonuses to other executives of the Company. Any pro-rata bonus award shall be consistent with Executive’s target bonus under his Employment Agreement and the overall corporate performance score as determined by the Compensation Committee. Executive’s bonus shall be paid to Executive at the time all other 2015 company bonuses are paid.
2015 Bonus. As contemplated by Section 2(d) of the CIC Severance Plan, the Company shall pay to Executive a cash bonus (less applicable taxes) of $1,060,000 (the “2015 Bonus”), which is the annual bonus that Executive is entitled to pursuant to the 2015 short-term incentive compensation plan previously adopted and approved for all Company officers by the Compensation Committee of the Board, such payment to be made on or about March 11, 2016. Executive acknowledges and agrees that the 2015 Bonus was calculated on a basis consistent with past practice and that no adverse change to the assumptions or calculation methodology for determination the amount of such 2015 Bonus was made.
2015 Bonus. The Company shall pay to Executive an additional lump sum cash payment equal to the Annual Bonus earned by Executive for fiscal year 2015, as determined pursuant to, and payable on the date specified in, the Employment Agreement.
2015 Bonus. Executive is eligible to receive a bonus award in respect of fiscal year 2015 (the “2015 Bonus”) under the Company’s annual bonus plan in effect for Peer Executives of the Company (the “Bonus Plan”) in a target amount equal to 130% of his Base Salary (the “Target Bonus”), based upon the achievement by the Company of annual performance targets established by the compensation committee of the Board (the “Compensation Committee”) within the first three (3) months of the 2015 fiscal year and payable within two and one-half (2-1/2) months after the last day of the performance year or such other date as is provided under the Bonus Plan and conforms to the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). Notwithstanding the foregoing, to the extent that a condition of payment in the Bonus Plan is Executive’s continued employment through the applicable payment date, such condition shall be waived in respect of the 2015 Bonus. As the actual amount payable to Executive as a 2015 Bonus will be dependent upon the achievement of performance goals referred to in this Section 5(b), Executive’s actual 2015 Bonus may be less than, greater than or equal to the Target Bonus; provided, that Executive shall be eligible for a 2015 Bonus of 50% of Executive’s Base Salary (the “Threshold Bonus”) upon attainment of minimum annual performance targets and up to not less than 300% of Executive’s Base Salary upon exceeding the performance targets (the “Maximum Bonus”).
2015 Bonus. The Company acknowledges and agrees that a $250,000 cash bonus is due to Consultant pursuant to paragraph 4(g) of the January 2015 Agreement for services as an employee in 2015. The Consultant and the Company agree that such bonus instead shall be paid on January 11th, 2016 in equity plus a cash payment as follows: (i) 200,000 shares of the Company’s common stock (ii) a tax gross up with the cash equal to Consultant’s total estimated federal, state and city income tax liability for all compensation under this agreement to be withheld consistent with prior practices for this individual with respect to the receipt of such shares and this tax gross up amount.
2015 Bonus. For fiscal year 2015, you will receive a guaranteed bonus of $750,000 (“2015 Bonus”) in cash, payable at the time annual bonuses are paid to similarly situated employees, if you are an employee on the payment date. If Leucadia terminates your employment without Cause (as defined in Section III) prior to paying the 2015 Bonus, Leucadia shall pay it to you in cash on the effective date of such termination the outstanding unpaid portion of the bonus payments, provided that you sign (and do not revoke, if applicable) a separation agreement including a release in the form requested by Leucadia.
2015 Bonus. The Company shall pay to Executive any cash bonus (less applicable taxes) to which Executive may be entitled to receive pursuant to the 2015 short-term incentive compensation plan previously adopted and approved for all Company officers by the Compensation Committee of the Company’s board of directors, such payment, if any, to be made Exhibit 10.36 on the same date as annual cash bonuses for 2015 are paid to other senior executives of the Company.
