Bonus Entitlement. To the extent the Executive's termination of employment occurs after the last day of the first quarter of an applicable Company fiscal year, the Executive will be entitled to receive a pro rata portion of the Executive's Target Bonus Percentage (based on the number of days the Executive was employed with the Company during such fiscal year of termination divided by 365), which amount shall be payable over the Payment Period; PROVIDED, HOWEVER, that, if the Target Bonus Percentage has not been set for the year in which the date of termination occurs, the Executive's Target Bonus Percentage for purpose of this Section 10(b) shall be the Executive's Target Bonus Percentage for the year immediately preceding the year in which the Executive's employment is terminated hereunder.
Bonus Entitlement. Solely if the Executive’s termination of employment occurs after the last day of the first quarter of an applicable Company fiscal year, the Executive will be entitled to receive an amount equal to the product of (i) the bonus that would have been paid to the Executive had the Executive remained employed through the date on which bonuses are paid to senior executives of the Company generally based upon the achievement of the applicable performance goals (and determined based on the exercise of negative discretion no less favorable to the Executive than that exercised with respect to active senior executives of the Company generally and, if the payment is not subject to Section 162(m) as of the date of termination, as if the Executive had achieved any subjective performance targets at 100%) and (ii) a fraction, the numerator of which is the number of days which have elapsed from the first day of the fiscal year in which the date of termination occurs through the date of termination and the denominator of which is 365 (such amount, if any, the “Pro-Rata Bonus”), which Pro-Rata Bonus shall be paid within the first 75 days of the year immediately following the end of the year to which such Pro-Rata Bonus relates (unless the Executive has deferred receipt of the applicable bonus).
Bonus Entitlement. Commencing with the 2009 calendar year, you will be entitled to a bonus (an “Annual Bonus”) for each calendar year that ends during the Employment Period based on achievement of performance targets and such other terms and conditions established by the Compensation Committee no later than March 31 of each such year.
Bonus Entitlement. The Board will, within 90 days of the end of each fiscal year, determine the annual bonus in an amount equal to up to 35% of the Annual Salary, based on the Annual Bonus Entitlement Review, (the "Bonus"), if any, earned by the Employee for that fiscal year. Therapeutics will pay the Bonus to the Employee in a lump sum within 120 days following the end of the fiscal year for which it was earned.
Bonus Entitlement. Entitlement to bonus shall be as provided in the attached Bonus Entitlement Schedule (Appendix A).
Bonus Entitlement. Subject to Section 9(g), the Executive shall be entitled to such annual cash incentive compensation, if any, to which he would otherwise have been entitled had he continued his employment with the Company through the end of the fiscal year in which termination occurs in accordance with the then existing terms of such cash incentive compensation (the "Termination Bonus"). The Termination Bonus shall not be payable until the Company's independent auditors shall have issued their audit report with respect to such fiscal year, and the achievement of budgeted amounts and/or financial targets has been established. (c)
Bonus Entitlement. The Employee shall be paid a bonus for the year ending December 31, 2005 in an amount equal to the bonus that the Employee would have otherwise been entitled to receive for such year had he not resigned from Optimal Payments Inc. (“OPI”) in order to accept a position with the Company in connection with the reorganization of OPI’s on-line gaming payment processing business and remained employed with OPI for the balance of such year. Subject to the preceding paragraph, the Company does not offer a formal bonus plan or arrangement for the payment of annual bonuses. However, you are eligible to receive a discretionary bonus, if any, as may be awarded by the remuneration committee of the Company from time to time. Bonus payments are entirely discretionary on the part of the Company and there is no guarantee of a bonus in any particular year. Because the purpose of any discretionary bonus payment is to reward an executive for his or her individual contribution toward the Company, and to recognize his or her continuing commitment to the Company, employees who have been given notice of termination for any reason, or who, as of the date any bonus becomes payable, have given the Company notice of resignation, are ineligible for such bonus.
Bonus Entitlement. In addition to its base fee entitlement, ServiceCo shall be entitled to additional fees and/or equity-based incentives in consideration of the services performed and provided by it, as determined to be appropriate by the Board or Committee in view of any (i) bonus paid by the Corporation to its senior executives or (ii) film or video development and production project undertaken by the Corporation.
Bonus Entitlement. The Company agrees to pay the Executive an amount equal to $540,000 (the “Bonus Entitlement Payments”). The Bonus Entitlement Payments will be paid as follows: $124,615.38, payable in bi-weekly installments commencing on the first payroll date following the Effective Date, and $415,384.62 shall be paid in a Lump Sum payment on January 4, 2009. Each payment shall be a separate payment and not one of a series of payments for purposes of Section 409A of the Code.
Bonus Entitlement. Solely if the Executive’s termination of employment occurs after the last day of the first quarter of an applicable Company fiscal year, the Executive will be entitled to receive an amount equal to the product of (i) the bonus that would have been paid to the Executive had the Executive remained employed through the date on which bonuses are paid to senior executives of the Company generally based upon the achievement of the applicable performance goals (or based on the applicable guaranteed amount set forth in Section 4(b)) and (ii) a fraction, the numerator of which is the number of days which have elapsed from the first day of the fiscal year in which the date of termination occurs through the date of termination and the denominator of which is 365 (such amount, if any, the “Pro-Rata Bonus”), which Pro-Rata Bonus shall be paid within the first seventy-five (75) days of the year immediately following the end of the year to which such Pro-Rata Bonus relates (unless the Executive has deferred receipt of the applicable bonus).
