Common use of Annual Performance Bonus Clause in Contracts

Annual Performance Bonus. During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

Appears in 6 contracts

Samples: Employment Agreement (SPRINT Corp), Employment Agreement (SPRINT Corp), Employment Agreement (SPRINT Corp)

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Annual Performance Bonus. During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer Compensation Committee in his its sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

Appears in 5 contracts

Samples: Employment Agreement (SPRINT Corp), Employment Agreement (Sprint Nextel Corp), Employment Agreement (Sprint Nextel Corp)

Annual Performance Bonus. During the Employment Term, the Executive shall continue to be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

Appears in 4 contracts

Samples: Employment Agreement (Sprint Nextel Corp), Employment Agreement (Sprint Nextel Corp), Award Agreement (Sprint Nextel Corp)

Annual Performance Bonus. During the Employment Term, the Executive shall continue to be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer Compensation Committee in his its sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

Appears in 2 contracts

Samples: Employment Agreement (Sprint Nextel Corp), Employment Agreement (Sprint Nextel Corp)

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Annual Performance Bonus. During the Employment Term, the Executive shall continue to be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”); provided, and as may be increased (but not decreasedhowever, except that effective for across-the-board reductions generally applicable to the Company’s senior executives) from time to timebonus year ending December 31, and 2004 the Executive shall be participated in the STIP at a Target Bonus opportunity of 50% of his Base Salary and was entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

Appears in 1 contract

Samples: Employment Agreement (Sprint Nextel Corp)

Annual Performance Bonus. During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer Compensation Committee in his its sole discretion (“Target Bonuses”); provided however, and as that initially the Executive’s Target Bonus Opportunity will equal 60 percent of her Base Salary on an annual basis. The Executive’s Target Bonus may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

Appears in 1 contract

Samples: Employment Agreement (SPRINT Corp)

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