Annual Cash Incentive Bonus. (a) For each fiscal year during the Executive’s employment pursuant to this Agreement, the Executive shall be eligible to receive an annual cash incentive bonus equal to forty-five percent (45%) of his Base Salary based on meeting certain Company and personal goals to be mutually agreed upon by the Executive and the CEO (the "Annual Bonus"). However, the decision to provide any Annual Bonus and the amount and terms of any Annual Bonus shall be at the discretion of the Company’s CEO.
Annual Cash Incentive Bonus. (a) The Executive shall be eligible to receive an annual cash incentive bonus (the “Cash Bonus”) for each fiscal year during the Term of this Agreement. The target amount of the Cash Bonus for which the Executive is eligible shall be set by the Committee as a target percentage of Executive’s then-current Base Salary (the “Target Percentage”) and payment of a Cash Bonus (and the amount of such Cash Bonus) shall be based upon the satisfactory achievement of reasonable performance criteria and objectives (such criteria and objectives, the “Bonus Metrics”), which Bonus Metrics shall be adopted by the Committee, in its sole discretion, after consultation with management, each year prior to or as soon as practicable after the commencement of such year, but in no event later than March 1 of the applicable performance year and set forth in a written plan (the “Annual Bonus Plan”). If the Committee determines that the applicable Bonus Metrics have been achieved at or above a “threshold” level with respect to the applicable performance year, then, based on the level of such achievement, the Executive shall be entitled to receive payment of the applicable Cash Bonus (which may be less than, equal to, or greater than the Target Percentage based on the level of performance achieved and the terms of the Annual Bonus Plan). If the Committee determines that the applicable Bonus Metrics have not been achieved at a “threshold” level with respect to the applicable performance year, then no Cash Bonus under the Annual Bonus Plan shall be due and payable to the Executive for such year.
Annual Cash Incentive Bonus. (a)The Executive shall be eligible to receive an annual cash incentive bonus (the “Cash Bonus”) for each fiscal year during the Term, commencing with 2023. The target amount of the Cash Bonus for which the Executive is eligible shall be equal to 75% of the Base Salary (the “Target Bonus Amount”), with a “threshold” amount equal to 37.5% of the Base Salary and a maximum amount equal to 150% of the Base Salary. The actual amount of the Cash Bonus payable to the Executive with respect to any calendar year during the Term shall be based upon the satisfactory achievement of reasonable performance metrics and key performance indicators (such metrics, the “Bonus Metrics”) determined by the Board; provided that the Bonus Metrics (and definitions thereof) for each of 2023, 2024 and 2025 are as set forth on Appendix A.
Annual Cash Incentive Bonus. As described in Exhibit A, Executive shall be eligible for an annual at-target incentive cash bonus of $300,000 from the Company during each calendar year of the Employment Period commencing with the 2018 calendar year (“Annual Bonus”) provided the conditions set forth in Exhibit A are satisfied. The Company and Executive shall mutually agree upon a recommendation to the Board as to the performance targets described in Exhibit A for each calendar year after 2018 on or before the 90th calendar day of such calendar year as a part of the annual Belo + Company operating plan for such calendar year, and such performance targets will be established by the final approval by the Board as part of the Company’s annual operating plan and the final approval by the Compensation Committee of the Board of such performance targets. Neither the Company nor the Executive shall unreasonably withhold, condition or delay its or his agreement as to the recommendation of such performance targets. Executive must be employed by the Company on the bonus payment date specified in order to be eligible to receive the Annual Bonus. The Annual Bonus with respect to each fiscal year of the Company falling in whole or in part within the Employment Period shall be paid in cash. The Annual Bonus shall be subject to applicable federal, state and local withholding taxes.
Annual Cash Incentive Bonus. Executive shall be eligible to receive an annual cash incentive bonus (the “Annual Bonus”) in a target amount equal to seventy-five percent (75%) of Executive’s Base Salary. The Annual Bonus amount shall be determined as part of the Company’s Management Business Objectives (“MBO”) program, which includes the assessment of Executive’s performance in established areas, the Company’s financial performance, and other factors. The Compensation and Human Capital Committee of the Board (the “Compensation Committee”) or the CEO, after consultation with Executive, shall in its sole discretion approve MBOs for Executive for each fiscal year of the Company during the Term, which MBOs may consist of individual objectives, pre-established financial performance targets for the Company such as revenue and adjusted operating income, and other objectives. The Annual Bonus shall be paid to Executive no later than March 15th of the calendar year immediately following the calendar year in which it was earned. Executive must be employed by the Company on the date that the Annual Bonus is payable in order to be eligible for such Annual Bonus.
Annual Cash Incentive Bonus. Commencing with the 2013 calendar year, the Executive will be eligible to receive an annual cash incentive bonus based upon the Executive’s and the Company’s achievement of annual performance goals or objectives established by the Committee. The Executive shall have a target bonus equal to 75% of the Base Salary. The Committee shall have the sole discretion to determine whether the annual performance goals and objectives have been met. Payment shall be subject to and made in accordance with the Navigant Consulting, Inc. Annual Incentive Plan, as may be amended from time to time (but in no event shall the annual bonus be paid later than March 15th of the calendar year immediately following the year in which such compensation is earned).
Annual Cash Incentive Bonus. In addition to his Base Salary, the Executive shall be eligible to receive an annual cash incentive bonus (the “Bonus”) during the Term. The target amount of the Bonus shall be equal to 100% of the Executive’s Base Salary, as in effect from time to time, upon the achievement of certain performance targets as determined by the Board in its sole discretion. The Executive’s Bonus shall be prorated for the calendar year in which the Effective Date occurs (unless the Effective Date is January 1 of that year) and for the calendar year in which the Date of Termination (as defined in Section 6.5) occurs (unless the Date of Termination is December 31 of that year). The Bonus shall be paid for a calendar year in the immediately following calendar year and within ninety (90) days after the end of the calendar year to which it relates.
Annual Cash Incentive Bonus. Executive shall be eligible to receive an annual cash incentive bonus of $128,000 if the Committee (as defined below) determines in good faith that Viewpoint achieves annual Revenue Growth and Operating Income targets during the Term of Employment, starting with the 2006 fiscal year. The annual Revenue Growth and Operating Income targets shall be set by the Compensation Committee of the Board (the “Committee”) after consultation with the Executive.
Annual Cash Incentive Bonus. For the fiscal year --------------------------- ending March 31, 2001, Executive shall be entitled to a minimum bonus of 50% of the Base Salary in effect on such date. However, if the Company achieves or exceeds the Company's Annual Financial Budget as approved by the Board of Directors for such year, Executive shall be entitled to a minimum bonus of 100% of the Base Salary in effect on such date. For the fiscal year ending March 31, 2002, Executive shall be entitled to a minimum bonus of $500,000. However, if the Company achieves or exceeds the Company's Annual Financial Budget as approved by the Board of Directors for such year, Executive shall be entitled to a minimum bonus of 100% of the Base Salary in effect on such date. For the fiscal year ending March 31, 2003, Executive shall be entitled to a minimum bonus of $567,000. However, if the Company achieves or exceeds the Company's Annual Financial Budget as approved by the Board of Directors for such year, Executive shall be entitled to a minimum bonus of 100% of the Base Salary in effect on such date. If this Agreement shall be renewed for the period April 1, 2003 through March 31, 2004, for the fiscal year ending March 31, 2004, Executive shall be entitled to a minimum bonus of $634,000. However, if the Company achieves or exceeds the Company's Annual Financial Budget as approved by the Board of Directors for such year, Executive shall be entitled to a minimum bonus of 100% of the Base Salary in effect on such date. The Annual Cash Incentive Bonus shall be earned on the last day of the Company's fiscal year, and payable when the Company pays bonuses to other Company executives, but no later than June 30 of the following fiscal year.
Annual Cash Incentive Bonus. (a) The Executive shall be eligible to receive an annual cash incentive bonus (the “Cash Bonus”) for each fiscal year during the Term of this Agreement. The target amount of the Cash Bonus for which the Executive is eligible shall be set by the Committee as a target percentage of Executive’s then-current Base Salary (the “Target Percentage”) and payment of a Cash Bonus (and the amount of such Cash Bonus) shall be based upon the satisfactory achievement of reasonable performance criteria and objectives (such criteria and objectives, the “Bonus Metrics”), which Bonus Metrics shall be adopted by the Committee, in its sole discretion, after consultation with management, each year prior to or as soon as practicable after the commencement of such year, but in no event later than March 1 of the applicable performance year and set forth in a written plan (the “Annual Bonus Plan”). If the Committee determines that the applicable Bonus Metrics have been achieved at or above a “threshold” level with respect to the applicable performance year, then, based on the level of such achievement, the Executive shall be entitled to receive payment of the applicable Cash Bonus (which may be less than, equal to, or greater than the Target Percentage based on the level of performance achieved and the terms of the Annual Bonus Plan). If the Committee determines that the applicable Bonus Metrics have not been achieved at a “threshold” level with respect to the applicable performance year, then no Cash Bonus under the Annual Bonus Plan shall be due and payable to the Executive for such year. Notwithstanding anything in this Section 4(a) to the contrary, the Executive will be eligible to receive a full, non-prorated Cash Bonus for the performance year ending December 31, 2019, which Cash Bonus (i) will reflect a bonus award opportunity equal to 50% of Base Salary (at the “threshold” level of Bonus Metric achievement), 100% of Base Salary (at the “target” level of Bonus Metric achievement), and 200% of Base Salary (at the “maximum” level of Bonus Metric achievement) (with straight line interpolation used to determine the Cash Bonus for Bonus Metric achievement in between performance levels), and (ii) will be based 75% upon the Corporation’s achievement of the corporate Bonus Metrics previously adopted by the Committee for 2019 and 25% on personal Bonus Metrics to be adopted by the Committee after consultation with management.
