Bonus Provisions Sample Clauses

Bonus Provisions. Your bonus target (expressed as a percentage of your base salary) for 2012 will be the same as your bonus target for 2011. While you will no longer be eligible to be granted options or other equity awards in the Company or Toshiba, the options you would have been granted in 2012 will be replaced with an additional cash award with equivalent value to the option awards you have received in the past. This additional cash award is expected to be worth $42,640. Specific performance requirements to earn this award are yet to be determined, however the award will not be payable to you until 2014. Accordingly, your annual bonus payout will be earned and payable on May 31, 2013 and the additional cash award will be earned and payable on May 15, 2014. You will receive a similar equity-replacement bonus opportunity for each successive year you remain employed with the Company or Toshiba.
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Bonus Provisions. Pre-Tax Net Profits Bonus Pool For the twelve-month period commencing January 1, 2006 and ending December 31, 2006, the Company will set aside for the Company's employees a bonus pool ("Pre-Tax Net Profits Bonus Pool") equal to ten percent (10%) of the amount by which the Company's Pre-Tax Net Profits for such calendar year exceeds One Million One Hundred Thousand Dollars ($1,100,000.00), based on the Company's audited financial statements for the 2006 calendar year. For the twelve-month period commencing January 1, 2007 and ending December 31, 2007, the Company will set aside for the Company's employees a Pre-Tax Net Profits Bonus Pool equal to ten percent (10%) of the amount by which the Company's Pre-Tax Net Profits for such calendar year exceeds the greater of (i) One Million One Hundred Thousand Dollars ($1,100,000.00) or (ii) Pre-Tax Net Profits for the 2006 calendar year, based on the Company's audited financial statements for the 2006 and 2007 calendar years.
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Bonus Provisions. Section 3(c) of the Original Agreement is hereby amended and restated in its entirety as follows: “In addition to the Base Salary, the Board may, in its sole discretion, award a bonus (the “Bonus”) to Executive following the end of each fiscal year during the Employment Period based upon Executive’s performance and the Company’s operating results during such year. The Compensation Committee of the Board shall determine, as soon as practicable after the Board approves the Company’s budget for a fiscal year, the Bonus which Executive shall be eligible to earn for such fiscal year; provided that, Executive shall be eligible to earn a target bonus of at least $300,000 for each fiscal year.” Schedule A to the Original Agreement is hereby deleted in its entirety.
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Bonus Provisions. The Company shall pay the Executive a mutually agreed-upon annual bonus for each year after the 1st year (the "Annual Bonus"). For the first year, in lieu of bonus, unless otherwise mutually agreed to, the Executive will remain on the same quarterly commission arrangement with the Company as was in effect for the fiscal year ended July 31, 2003 with Net2Phone, Inc. The Annual Bonus, if any, shall be earned as of the last day of each fiscal year of the Company and shall be paid to the Executive no later than in the first regular pay period of the Company that occurs after the end of the first fiscal quarter of the year that immediately follows the year in which the Annual Bonus was earned, notwithstanding any expiration of this Agreement as of the last day of such year or termination of the Executive's employment prior to payment. Upon renewal of this Agreement, the parties will agree as to the formula for calculating the Annual Bonus for the applicable renewal term.
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Bonus Provisions. (i) The Company shall provide the Executive with an opportunity to earn an annual bonus (the "Annual Bonus") equal to at least 25% of the Base Salary for each fiscal year during the Agreement Term beginning with the 2003 fiscal year pursuant to a bonus plan to be established by the Company. The Annual Bonus, if any, shall be paid to the Executive no later than in the first regular pay period of the Company that occurs after the first fiscal quarter of the year that immediately follows the year in which the Annual Bonus was earned, notwithstanding any expiration of this Agreement as of the last day of such year. (ii) In addition to the Annual Bonus payments, Company shall pay to Executive the following three special bonuses: A. $25,500.00 on or before March 15, 2003; B. $42,000.00 on or before October 31, 2003; and C. $42,000.00 on or before October 31, 2004.
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Bonus Provisions. As described in the Offering Memorandum dated October 30, 2015 under “Executive Compensation — Special Bonus Provisions”, the Company has established a bonus plan for certain of its officers as follows:
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Bonus Provisions 
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Related to Bonus Provisions

  • Clawback Provisions Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation, or any other compensation, paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company which is subject to recovery under any law, government regulation or stock exchange listing requirement, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement).

  • Change in Control Provisions Notwithstanding anything to the contrary in these Terms and Conditions, the following provisions shall apply to all Stock Units granted under the attached Award Agreement.

  • Vesting Provisions The Options shall become exercisable in five equal installments on each of the first five anniversaries of the Grant Date, subject to the Employee’s continuous employment with Holding or any Subsidiary from the Grant Date to such anniversary.

  • Governing Provisions This Agreement is made under and subject to the provisions of the Plan, and all of the provisions of the Plan are also provisions of this Agreement. If there is a difference or conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan will govern. By signing this Agreement, the Grantee confirms that he or she has received a copy of the Plan.

  • Savings Provision To the extent that any provision of this Agreement or any paragraph, term, provision, sentence, phrase, clause or word of this Agreement shall be found to be illegal or unenforceable for any reason, such paragraph, term, provision, sentence, phrase, clause or word shall be modified or deleted in such a manner as to make this Agreement, as so modified, legal and enforceable under applicable laws. The remainder of this Agreement shall continue in full force and effect.

  • Clawback Provision Notwithstanding any other provisions in this Agreement to the contrary, in the event that the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, to the extent required by such laws or government regulations, the Company shall recover from the Executive any such incentive-based compensation (if any) paid to the Executive pursuant to this Agreement during the three (3) year period preceding the date on which the Company is required to prepare the accounting restatement, based on the erroneous data, in excess of what would have been paid to the Executive under the accounting restatement.

  • Plan Provisions In addition to the terms and conditions set forth herein, the Award is subject to and governed by the terms and conditions set forth in the Plan, as may be amended from time to time, which are hereby incorporated by reference. Any terms used herein with an initial capital letter shall have the same meaning as provided in the Plan, unless otherwise specified herein. In the event of any conflict between the provisions of the Agreement and the Plan, the Plan shall control.

  • Change of Control Provisions If a Change of Control Repurchase Event occurs, unless the Company has exercised its right to redeem the Debentures as described above, the Company will be required to make an offer to each holder of Debentures to repurchase all or any part (in integral multiples of $1,000) of that holder’s Debentures at a repurchase price in cash equal to 101% of the aggregate principal amount of Debentures repurchased plus any accrued and unpaid interest on the Debentures repurchased to, but not including, the date of repurchase. Within 30 days following a Change of Control Repurchase Event or, at the Company’s option, prior to a Change of Control, but after the public announcement of the Change of Control, the Company will mail a notice to each holder of Debentures, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Debentures on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on a Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Debentures as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Debentures, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Debentures by virtue of such conflict. Sinking Fund Provisions: No sinking fund provisions Defeasance Provisions: Legal defeasance and covenant defeasance permitted upon compliance with conditions set forth in the Indenture Additional Terms: Except as otherwise provided in this Schedule II, such other terms are specified in the Pricing Prospectus. Capitalized terms used herein and not defined herein have the meanings specified in the Pricing Prospectus. Time of Sale:

  • Continuing Provisions of the Agreement Except as otherwise specifically set forth in this Amendment, all other terms of the Agreement shall remain unchanged and continue in full force and effect.

  • Incorporation of Separation Agreement Provisions The following provisions of the Separation Agreement are hereby incorporated herein by reference, and unless otherwise expressly specified herein, such provisions shall apply as if fully set forth herein (references in this Section 10.6 to an “Article” or “Section” shall mean Articles or Sections of the Separation Agreement, and references in the material incorporated herein by reference shall be references to the Separation Agreement): Article V (relating to Exchange of Information; Confidentiality); Article VI (relating to Additional Covenants and Other Matters); Article VII (relating to Mutual Releases; Indemnification); Article VIII (relating to Termination); Article IX (relating to Dispute Resolution); and Article X (relating to Miscellaneous).

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