Annual Bonus Arrangements. The Executive will be eligible to receive annual bonus payments up to one hundred percent (100%) of the Executive’s then-effective Base Salary, payable in amounts and at such times as determined in good faith by the Board, based on meeting Company performance objectives, performance goals, and other objectives as mutually agreed upon by the Board and the Executive, and as may be amended from time to time (the “Annual Bonus”). The Executive must remain employed by the Company through the date on which the Annual Bonus is earned, which is December 31 of each year, whether or not the Executive remains employed by the Company on the date the bonus is actually payable. Notwithstanding the foregoing, in the event that the Executive is terminated for Cause (as defined below) prior to the payment of any Annual Bonus, the Executive shall not be entitled to the payment of such Annual Bonus.
Annual Bonus Arrangements. 2.1 Bidco acknowledges that the AA Group operates annual bonus arrangements (the AA Bonus Arrangements) which are conditional on corporate and individual performance, and normally continued employment to the bonus payment date.
Annual Bonus Arrangements. 8.1 PerkinElmer UK acknowledges that the Horizon Group operates annual bonus arrangements, commission schemes and retention arrangements for employees of the Horizon Group, which involve the payment of cash sums (and do not, for the avoidance of doubt, involve the grant of options or other rights in respect of Horizon Shares) ("Cash Bonus Schemes"). Subject to paragraph 8.2 below, Horizon:
Annual Bonus Arrangements. 6.1 The Offeror acknowledges that the Target Group operates annual bonus arrangements, commission schemes and retention arrangements for employees of the Target Group. Target shall continue to operate these arrangements in line with past practice, including as to levels of payment, until the Effective Date in accordance with normal practice and in a manner consistent with historic practice.
