Performance-Based Compensation Bonus Sample Clauses

Performance-Based Compensation Bonus. Employee will be eligible to receive individualized performance-based compensation (Bonus) and the criteria of such performance objectives to be defined by Employee and the CEO as well as the Company’s Board of Directors (the “Board”). Employee’s performance will be reviewed on an on-going basis by the President/CEO over the course of his employment. Although there is no minimum guaranteed bonus, Employee can receive an annual total Bonus equal to 35% of Base Salary and such Bonus is contingent upon his achievement of the agreed upon performance criteria (“Goals”). Employee’s efforts toward achievement of the Goals shall be evaluated on an annual basis. If a Bonus is earned, it will be paid during the second pay period in February for the prior calendar year and the amount and payment of any such Bonus will be determined by Company in its sole and absolute discretion and any such payment shall be subject to applicable withholding. For the period beginning on the Effective Date and ending on December 31, 2008, the Bonus, if earned, will be pro-rated.
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Performance-Based Compensation Bonus. Employee will be eligible to receive individualized performance-based compensation (Bonus) pursuant to criteria for such performance objectives (“Goals”) as established from time to time by the CEO and the Company’s Board of Directors (the “Board”). Although there is no guaranteed bonus amount, Employee will be eligible to receive an annual total Bonus of up to 25% of Base Salary and such Bonus is contingent upon his achievement of the Goals. Employee’s efforts toward achievement of the Goals shall be evaluated on at least an annual basis. If a Bonus is earned, it will typically be paid during the second pay period in February for the prior calendar year and the amount and payment of any such Bonus will be determined by Company in its sole and absolute discretion and any such payment shall be subject to applicable withholding.
Performance-Based Compensation Bonus. Employee will be eligible to receive individualized performance-based compensation, the criteria of such performance objectives to be defined by Employee and the CEO, subject to the approval by the Compensation Committee of the Company’s Board of Directors (the “Board”). Employee’s performance will be reviewed on an on-going basis by the CEO over the course of the first year. Although there is no minimum guaranteed bonus, Employee can expect to receive an annual total bonus equal to 50% of Base Salary upon achievement of these mutually agreed upon performance criteria which shall be evaluated as to achievement on a quarterly basis, e.g., revenue forecasts. Achievement substantially beyond these mutually agreed upon goals may result in a total annual bonus payment in excess of 50% of Base Salary, up to a maximum annual total of 100% of Base Salary. Any earned bonus will be paid within thirty days following the close of each calendar quarter, the amount and payment of which shall be determined by Company in its sole and absolute discretion and any such payment shall be subject to applicable withholding.
Performance-Based Compensation Bonus. Employee will be eligible to receive performance-based compensation (“Bonus”), the criteria of such performance objectives (the “Goals”) to be defined by Employee and the Compensation Committee of the Board within the first month following Employee’s commencement of employment. Employee’s performance will be reviewed on an on-going basis by the Board. Although there is no minimum guaranteed bonus, Employee will be eligible to earn an aggregate annual Bonus of up to One Hundred Twenty Five Thousand Dollars ($125,000.), payable at the Employee’s election in either cash, a common stock award under the Company’s 2006 Stock Incentive Plan (the “Stock Plan”) or a combination of both, in connection with the achievement of the Goals. The Board shall determine, in its sole and absolute discretion, whether the relevant Goals for a period have been achieved and the amount and payment of a Bonus in connection therewith. Any earned bonus will be paid on the 45th day following the end of the most recently completed fiscal quarter (or, if such quarter is the last quarter of the fiscal year, on the 74th day following the end of such quarter), subject to applicable withholding.
Performance-Based Compensation Bonus. Employee will be eligible for consideration to receive performance-based compensation {"Bonus") from time to time, after consideration of Employee's contributions, and the Company's standing. The Board shall determine, in its sole and absolute discretion, the amount, if any. Bonus to be paid. The Board will consider the appropriateness of awarding Bonus compensation to Employee at least annually and will solicit Employee's input to the decision. There is no minimum guaranteed bonus, and the maximum potential Bonus Employee will be eligible to earn on an annual basis is one-half of Employee's annual salary, or Sixty-two Thousand. Five Hundred Dollars ($62,500). payable at the Employee's election in either cash, a common stock award under the Company's 2006 Stock Incentive Plan (the "Stock Plan") or a combination of both. In the event that Company consummates a transaction involving a change of ownership of the company, the Board, in its sole and absolute discretion, will consider whether to provide Employee with additional bonus compensation that is not subject to the maximum potential Bonus stated above. Any earned bonus will be paid in accordance with normal company policy and procedure.
Performance-Based Compensation Bonus. For each calendar year, Employee will be eligible to receive individualized performance based compensation (the “Bonus”) determined based on his achievement of specified individual and Company performance objectives, with the criteria of such performance objectives to be defined by the CEO together with the Company’s Board of Directors (the “Board”) in consultation with Employee. Employee’s performance will be reviewed on an on-going basis by the CEO over the course of his employment. Although there is no minimum guaranteed bonus, Employee will be eligible to receive an annual target Bonus of 35% of Base Salary, with any such Bonus contingent upon his achievement of the established performance criteria (“Goals”). Employee’s efforts toward achievement of the Goals shall be evaluated on an annual basis. If a Bonus is earned, it will be paid during the second pay period in February for the prior calendar year, and the amount and payment of any such Bonus will be determined by the Company in its sole and absolute discretion and any such payment shall be subject to applicable withholding. For the period beginning on the Effective Date and ending on December 31, 2011, the Bonus, if earned, will be pro-rated. In order to receive any annual Bonus under this Section 4.2, except as otherwise provided in Section 8 of this Agreement, Employee must be employed by the Company on the date when the Bonus is payable.

Related to Performance-Based Compensation Bonus

  • Performance Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

  • Equity-Based Compensation The Executive shall retain all rights to any equity-based compensation awards to the extent set forth in the applicable plan and/or award agreement.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Stock Based Compensation Executive will be eligible to participate in the Company's Employee Stock Purchase Plan and to be considered by the Compensation Committee for grants or awards of stock options or other stock-based compensation under the Company's Stock Incentive Plan or similar plans from time to time in effect. All such grants or awards shall be governed by the governing Plan and shall be evidenced by the Company's then standard form of stock option, restricted stock or other applicable agreement.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

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