2013 Bonus a) You will be eligible to participate in the Company’s 2013 Financial Bonus Plan; as such plan may be amended from time to time. Your target bonus opportunity for 2013 is 25% of your Base Salary. The actual amount of your 2013 bonus will be based upon the level of achievement of performance targets, as determined by the Board or the Compensation Committee. You will separately be receiving a letter setting forth your performance goals for 2013 under the 2013 Financial Bonus Plan. You must be employed on the date such bonus payments are made to similarly situated executives in order to be eligible to receive your 2013 Financial Plan bonus payment, if any. Payment, if any, under the terms of the 2013 Financial Bonus Plan will be made no later than March 14, 2014.
2013 Bonus. An amount equal to the product of (A) the Bonus, if any, payable under the FreightCar America, Inc. Annual Incentive Bonus Program (the “Program”) and the Administrative Terms and Conditions under the Program based on the Company’s achievement of the RONA goals established for the 2013 Performance Period, without any reduction from the Bonus amount produced by application of the Company’s RONA goals for the 2013 Performance Period, and with the Individual Performance Goals deemed satisfied at the Target level, and (B) a fraction, the numerator of which is the number of days the Executive remained employed by the Company in 2013 through the Date of Termination and the denominator of which is 365, payable at such time as annual incentive amounts are paid to active employees of the Company with respect to 2013 performance. All capitalized terms in this Section 4(b)(ii) that are not otherwise defined in this Agreement shall have definition given in the Program.
2013 Bonus. On January 3, 2014, the Company shall pay you your 2013 Bonus in the amount of $115,600, less tax-related deductions and withholdings applicable to a bonus payment. Such payment shall be made by direct deposit.
2013 Bonus. In lieu of any annual bonus for the 2013 fiscal year, you will receive a special bonus equal to $778,650, representing 125% of your blended 2013 base salary. This special bonus will be payable in a cash lump sum, less applicable tax withholdings, within five (5) business days after the date you execute this Agreement.
2013 Bonus. On or about February or March 2014, Company shall pay Employee his 2013 bonus, which will be calculated based on the agreed upon metrics for the Company’s 2013 performance. For the avoidance of doubt, the Employee will not be entitled to any bonus based on the Company’s 2014 performance.
2013 Bonus. We refer to the Agreement dated as of August 21, 2014 by and between you and the Company, which covers among other items, payment of your bonus for 2013 (the “Bonus Agreement”). The Company and you acknowledge that Section 5 of the Bonus Agreement remains in full force and effect.
2013 Bonus. Consistent with its normal annual bonus payment process, the company will pay Xxxxx a cash bonus for his work in 2013 in the pre-tax amount of $1.168 million.
2013 Bonus. Executive shall remain eligible to receive a cash performance bonus (the “2013 Bonus”) with respect to calendar year 2013 targeted at $795,849, assuming performance at the target level, and a maximum 2013 Bonus opportunity of $1,273,358, assuming performance at the maximum level. The actual amount of the 2013 Bonus shall be determined by reference to the attainment of applicable performance metrics and/or individual performance objectives, in each case, as determined by the Company’s Compensation Committee. The 2013 Bonus, if any, shall be paid on or before March 15, 2014.
2013 Bonus. In consideration of Executive’s agreements and covenants contained herein, so long as Executive is not in violation of the terms of the Employment Agreement, this Agreement or the Consulting Agreement, the Company shall pay to Executive a cash bonus equal to the greater of (i) Executive’s target annual bonus for 2013 (i.e., not less than 85% of $387,500 or $329,375) or (ii) the annual bonus for 2013 which would be due to Executive based on actual performance, no later than January 24, 2014. On the same date, the Company shall reimburse Executive for up to $25,000 in legal fees and expenses incurred in connection with this Agreement.
2013 Bonus. The Executive shall also be eligible to receive a bonus pertaining to the remainder of fiscal 2013 in the amount of $150,000 that shall be paid by the Company in a lump sum in the initial fiscal quarter of 2014 on or before March 15, 2014 (the “2013 Bonus”).
