Annual Target Bonus. Executive shall also be entitled to receive an annual target incentive bonus of up to 50% of the Executive’s current salary. The annual bonus shall be based upon the Company achieving its revenue and EBITDA goals, and Executive meeting the annual goals determined by the Compensation Committee. The amount of the annual target bonus payable to Executive in any given year shall be determined by the Compensation Committee. The annual bonus shall be paid no later than the end of February following the year for which such bonus is being paid.
Annual Target Bonus. In addition to the compensation set forth above in Section 6(a), following each calendar year, the Employee shall be eligible for an annual target bonus of up to Forty Percent (40%) of the Base Salary as in effect at the start of that calendar year, upon the attainment of goals and targets established in writing by the Company’s Board of Directors (the “Board”), with such annual target bonus (if earned and declared) to be paid to the Employee in the payroll cycle for March of the year that immediately follows such calendar year, less applicable withholdings and deductions (the “Annual Target Bonus”).
Annual Target Bonus. For each fiscal year of the Employer in effect during the Employment Term, the Employee shall be eligible to receive a cash bonus of up to 50% of his Base Salary (the "Target Bonus") upon the attainment of performance goals set in advance by the CEO and Board. All such bonuses shall be paid after the completion of the Employer's financial statements for the applicable fiscal year as and when bonuses are paid to members of senior management generally.
Annual Target Bonus. Employee shall be eligible to receive additional compensation in the form of a cash bonus (the "Target Bonus") based on the Company's achievement of certain performance targets and subject in all respects to the specific terms and conditions set forth on Exhibit A hereto. All determinations relating to the performance targets for the Annual Target Bonus for each applicable year shall be made in the discretion of the Board (or such person or committee to which such authority has been granted by the Board) with input from Executive, however, the extent to which such targets have been achieved for the applicable year shall be determined in the reasonable, sole discretion of the Board. The performance targets for calendar year 2023 are set forth on Exhibit A and for such year may not be amended without the written consent of Executive. Exhibit A shall be amended for each year subsequent to 2023 based on the determination of the Board or committee as provided above. The amount of the Annual Target Bonus that may be earned if all performance targets are achieved for an applicable year (the “Annual Target Bonus Percentage”) which may not be less than One percent (1%) of EBITDA for the applicable year, shall be determined by the Board no later than December 24th of the preceding year, agreed to in writing by the Company and Executive, and once established for any year may not be decreased without the written consent of Employee. An Annual Target Bonus is earned, if at all, on the last day of the calendar year for which the Annual Target Bonus is being calculated and as such, Executive acknowledges and agrees that Executive shall not earn, and shall therefore not be entitled to any portion of an Annual Target Bonus if Executive is not actively employed by the Company on the last day of the calendar year for which the Annual Target Bonus is being calculated. This bonus plan, like all bonus plans of the Company, may be suspended if the Company suspends all or substantially all of the incentive compensation plans in writing.
Annual Target Bonus. In addition to Your base salary, You are currently eligible to receive a potential annual target bonus of 25% of your current base salary on an annual fiscal year basis, in accordance with the terms of the Company’s Board approved executive incentive compensation or bonus plan, if any, or as otherwise approved by the Board. The determination of payments to be made under this plan shall be based on Your and / or the Company’s achievement of financial goals and other measurement criteria, as defined and approved by the Board each year. Annual target bonuses are discretionary, insofar as any previously approved incentive compensation or bonus plan may be modified at any time, at the discretion of the Board. There is no guarantee under this Agreement that You will receive a bonus in connection with Your performance in or for any calendar year.
Annual Target Bonus. In addition to Annual Base Salary, the ------------------- Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Target Bonus") in cash at least equal to the Executive's highest bonus under the Company's [Executive Incentive Plans], or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Target Bonus"). Each such Annual Target 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 Target Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Target Bonus.
Annual Target Bonus. Executive is eligible for an annual performance bonus with a target payout of seventy-five percent (75%) of Executive’s Base Salary (the “Target Bonus”) based on specific performance criteria set by the Compensation Committee. The Target Bonus will be payable no later than March 15th of the year following the year to which it relates and Executive will not have earned or have any rights to such Target Bonus unless Executive remains employed by the Company on the last day of the year to which the Target Bonus relates and the Compensation Committee has certified that all required performance standards have been met.
Annual Target Bonus. Employee will be eligible for an annual incentive bonus equal to a target amount of sixty (60%) percent of Employee’s base salary. Such annual incentive bonus shall be subject to the achievement of certain individual and corporate objectives, as shall be annually established by the Company’s Chief Executive Officer, as well as to the terms and conditions of the Company’s incentive compensation plan applicable to executive officers.
Annual Target Bonus. In addition to the compensation set forth above in Section 6(a), following each calendar year during the Term (including the year 2019), the Employee shall be eligible for an annual target bonus of up to forty percent (40%) of the Base Salary as in effect at the start of that calendar year, upon the attainment of goals and targets established in writing by the Company’s Board of Directors (the “Board”), with such annual target bonus to be paid to the Employee less applicable withholdings and deductions. If Employee works less than a full calendar year, and unless the Employee resigns not for Good Reason or the Employment is terminated by the Company for Cause, then the Employee shall be eligible for the aforesaid annual target bonus (pro-rated for the portion of that year until his last day of employment) upon the attainment of goals and targets established in writing by the Board, with such pro-rated annual target bonus to be paid to the Employee less applicable withholdings and deductions.
Annual Target Bonus. Executive shall also be entitled to receive an annual target incentive bonus of up to 50% of the Executive’s current salary, which target for the first calendar year shall be $150,000, pro-rated based upon the Executive’s length of employment during such year. The annual bonus shall be based upon the Company achieving its revenue and EBITDA goals, Executive meeting the annual goals determined by the Compensation Committee, and Executive being employed in good standing by Company at the time of the bonus payment. The amount of the annual target bonus payable to Executive in any given year shall be determined by the Compensation Committee. The annual bonus shall be paid no later than the end of February following the year for which such bonus is being paid.
