2007 Performance Bonus Sample Clauses

2007 Performance Bonus. Subject to your completion of the conditions set forth in paragraph 2 (Transitional Period), you will be eligible for a prorated 2007 performance bonus under the JohnsonDiversey Performance Bonus Opportunity Plan to be paid in April, 2008. For the personal objectives component of your bonus, you will receive a prorated payment at your current target level of your base salary. For the financial component of your bonus, you will receive a prorated payment based on the results of the Company’s performance. Thereafter you will cease to participate in the Plan.
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2007 Performance Bonus. In respect of 2007, if the Employment Term does not end prior to December 31, 2007, then the Executive shall be entitled to receive a cash bonus (the “2007 Annual Bonus”) determined as follows: In the event that the targeted level of performance (“Target”) during 2007 is achieved against specific performance criteria that are established pursuant to PXRE Group’s 2004 Incentive Bonus Compensation Plan (together with any substitute bonus plan that may be established from time to time by PXRE Group and its Affiliates, which substitute plan shall not be materially less favorable to the Executive than the 2004 Incentive Bonus Compensation Plan (the “Bonus Plan”)), then the 2007 Annual Bonus paid shall be 55% of the Executive’s Base Salary in effect on December 31, 2007 (the “Target Bonus”). Greater amounts, up to a maximum of 156% of year-end annualized Base Salary, shall be paid for performance over Target, and lesser amounts (or zero) for performance below Target, all as determined in accordance with the Bonus Plan and this Agreement. Notwithstanding anything elsewhere to the contrary, (i) the 2007 Annual Bonus shall be paid in cash no later than the earlier of (x) the date that annual bonuses for 2007 are paid to other senior executives of PXRE Group and its Affiliates and (y) March 15, 2008, and (ii) if the Employment Term expires on December 31, 2007, the 2007 Annual Bonus shall be payable to the Executive regardless of whether he remains in the employ of the Company after December 31, 2007.
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2007 Performance Bonus. Provided the sale of the Vaddio operations is not closed prior to January 1, 2007, Company agrees to pay to Xxxxxxx a 2007 performance bonus equal to five percent (5%) of the amount by which the Gross Profit derived from the sale of Vaddio Product, as defined in Section 4.6.2, during calendar year 2007 exceeds the Gross Profit derived from the sale of Vaddio Product for the same period during calendar year 2006. The date of calculation shall be the earlier of: December 31, 2007; or the date on which the sale of the Vaddio operations is closed. The bonus will be paid no later than 90 days following the closing of the sale.
Sample 1
2007 Performance Bonus. Employee shall be paid a Performance Bonus of $68,400 on the first regularly scheduled pay day in 2008. The foregoing is hereby deemed to be fully earned and shall not be subject to modification by the Company without the written consent of Employee.
Sample 1

Related to 2007 Performance Bonus

  • Annual Performance Bonus In each calendar year of the Term of Employment, Executive shall be eligible to receive an annual incentive bonus (the “Annual Bonus”) payable in cash, pursuant to the performance criteria and targets established and administered by the Board (or a committee of directors to whom such responsibility has been delegated by the Board), with a target Annual Bonus of at least 100% of his Base Salary. The Annual Bonus payable to Executive each year shall be determined and payable as soon as practicable after year-end for such year (but no later than March 15th). The Executive’s cash bonus for the stub period of 2017 will be determined in the reasonable business judgment of the Board or another committee of directors to whom such responsibility has been delegated by the Board. To be entitled to receive any Annual Bonus, except as otherwise provided in Sections 5(c) and 5(d), Executive must remain employed through the last day of the calendar year to which the Annual Bonus relates.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • 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.

  • 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.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365);

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

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