Annual Bonus Eligibility. Employee shall be eligible to receive an annual bonus of up to eighty percent (80%) of Employee’s Base Salary based upon individual and company performance, as determined by Employer in its sole discretion. The specific bonus eligibility and the standards for earning a bonus will be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year.
Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s annual bonus program under which Employee’s target bonus shall equal seventy percent (70%) of Employee’s Base Salary with a maximum bonus of up to two hundred percent (200%) of Employee’s target bonus. Bonus payment in respect of the first year of employment shall be pro- rated based on the number of days employed during such year. Payment of any bonus shall be based upon individual and company performance, as determined by Employer’s Chief Executive Officer and/or the compensation committee of the Board (the “Compensation Committee”), as well as any applicable terms of the annual bonus program. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year.
Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s annual bonus program under which Employee’s target bonus shall equal seventy percent (70%) of Employee’s Base Salary. Bonus payment in respect of the first year of employment shall be pro-rated based on the number of days employed during such year. Payment of any bonus shall be based upon individual and company performance, as determined by Employer’s Chief Executive Officer and/or the compensation committee of the Employer’s board of directors (the “Compensation Committee”). The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year.
Annual Bonus Eligibility. I shall be eligible to receive an annual bonus with a target of 60% of my Base Salary, to be awarded by the Board of Directors or the compensation committee of the Board of Directors (the “Compensation Committee”) in its sole and absolute discretion. The determination to pay the annual bonus described above in any year shall be based on such criteria as the Board of Directors or the Compensation Committee shall determine, in its sole and absolute discretion; provided, however, that such criteria shall include the attainment by the Company of its forecasted EBITDA and financial plans approved by the Board of Directors. The Board of Directors or Compensation Committee may award such other bonus payments as it determines in its sole and absolute discretion. The annual bonus amounts described above, if determined by the Board of Directors or the Compensation Committee to be payable to me, shall be paid no later than February 28th of each year during my Employment Term.
Annual Bonus Eligibility. Employee will be eligible to receive a prorated annual bonus payment for the year in which the termination of employment occurs determined based on the lesser of target or actual performance for relevant performance period, which amount shall be paid in a lump sum cash payment no later than the fifteenth (15th) day of the third (3rd) calendar month following the end of the performance period.
Annual Bonus Eligibility. Employee shall be eligible to receive a discretionary annual bonus based upon individual and company performance, as determined by the Board or the compensation committee of The Board (the “Committee”) in its sole discretion. The specific bonus eligibility and the standards for earning a bonus will be developed by the Board or the Committee and communicated to Employee as soon as practicable after the beginning of each year.
Annual Bonus Eligibility. Employee shall be eligible to participate in Employer’s annual bonus program under which Employee’s target bonus shall equal sixty percent (60%) of Employee’s Base Salary. Payment of any bonus shall depend upon individual and company performance, and shall be subject to management discretion and clawback under applicable law. The terms of the annual bonus program shall be developed by Employer and communicated to Employee as soon as practicable after the beginning of each year and shall provide Employee with an opportunity to earn up to two (2) times Employee’s target bonus.
Annual Bonus Eligibility. As additional compensation for his Services, the Executive shall be entitled to earn an annual bonus of up to $250,000 (“Annual Bonus”), payable (i) of up to $125,000 in cash and (ii) the balance payable in equity of the Company with a fair market value of up to $125,000, subject to performance criteria and objectives established by the Board of Directors (“Bonus Objectives”). The Bonus Objectives shall be established by the mutual approval of the Board of Directors and Executive within the first ninety (90) days following the Effective Date of this Agreement, which approval shall not unreasonably delayed or withheld. The terms agreed shall be committed to writing. Thereafter, Bonus Objectives shall be established from time to time by the Board of Directors, at reasonable intervals selected by the Board of Directors in its reasonable discretion, and in consultation with Executive, but in any event, no less than annually. The Annual Bonus shall be prorated on a monthly basis for any partial year during the Term. The Annual Bonus shall be reviewed annually for increases by the Board of Directors.
Annual Bonus Eligibility. Employee will be eligible for the Company’s annual discretionary bonus for 2018 determined based on the lesser of target or actual performance, which amount shall be paid in a lump sum cash payment no later than the fifteenth (15th) day of March 2019.
Annual Bonus Eligibility. Beginning as of January 1, 2023, and provided the Executive meets the conditions stated in this Section 3.2.2, the Executive shall be eligible for an annual discretionary bonus (hereinafter referred to as the “Bonus”) with a target amount of one hundred percent (100%) of the Executive’s Base Salary and with a maximum potential payout capped at one hundred thirty percent (130%) of Base Salary, subject to standard deductions and withholdings, based on the Board’s determination, in good faith, as to whether such performance milestones as are established by the Board or the Compensation Committee (hereinafter referred to as the “Performance Milestones”) have been achieved or exceeded. The Performance Milestones will be established by the Compensation Committee of the Board based on certain factors including, but not limited to, the Executive’s performance and the Company’s performance and shall be consistent with the methodology for other C-suite executives. The Executive’s Bonus target will be reviewed annually and may be adjusted by the Board or the Compensation Committee in its discretion. The Executive must be employed on the date the Bonus is paid to be eligible for the Bonus, subject to the termination provisions herein. For the period beginning January 1, 2023 and ending on June 30, 2023 (or such date as marks the one-year anniversary of the effective date of this Agreement, if earlier), the Executive shall be guaranteed to receive a prorated annual bonus payment in an amount equal to 100% of Base Salary actually earned by the Executive during such period, provided the Executive is employed on the date the Bonus is paid, subject to the termination provisions herein. The Bonus shall be paid during the calendar year following the performance calendar year.
