Common use of Bonus Clause in Contracts

Bonus. With respect to each full fiscal year during the Employment Term, the Executive shall be eligible to earn an annual bonus (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Board of up to 100% of the Executive's Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1

Appears in 14 contracts

Samples: Employment Agreement (Voiceserve Inc), Employment Agreement (Applied Spectrum Technologies Inc), Employment Agreement (Applied Spectrum Technologies Inc)

AutoNDA by SimpleDocs

Bonus. With respect to each full fiscal year during the Employment Term, the Executive shall be eligible to earn an annual bonus (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Board of up to 10050% of the Executive's Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1

Appears in 12 contracts

Samples: Employment Agreement (China Pediatric Pharmaceuticals, Inc.), Employment Agreement (Sino Cement, Inc), Employment Agreement (Sino Cement, Inc)

Bonus. With respect In addition to each full fiscal year during the Employment TermAnnual Base Salary, the Executive shall be eligible to earn receive during the Employment Period, or any Additional Employment Period, an annual bonus (the "Annual Bonus") in ”), such amountBonus to be awarded only upon the Company’s attainment of certain milestones to be determined by the Board (or a committee of the Board). The Bonus, if any, as determined in shall be payable annually to the sole discretion Executive consistent with the practices for executives of the Board of up to 100Company. The Executive’s target bonus (“Target Bonus”) will be 37% of the Executive's ’s Annual Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1.

Appears in 9 contracts

Samples: Employment Agreement (Reata Pharmaceuticals Inc), Employment Agreement (Reata Pharmaceuticals Inc), Employment Agreement (Reata Pharmaceuticals Inc)

Bonus. With respect to each full fiscal year during the Employment Term, the The Executive shall be eligible to earn for an annual bonus (“Bonus”) with respect to each fiscal year of the "Annual Employer in accordance with the Employer’s compensation and bonus policies and practices for senior executive officers. The amount of the Bonus") in such amount, if any, as shall be determined in by the sole discretion Compensation Committee of the Board of up to 100% of (the Executive's Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1“Compensation Committee”).

Appears in 6 contracts

Samples: Employment Agreement (West Suburban Bancorp Inc), Employment Agreement (West Suburban Bancorp Inc), Employment Agreement (West Suburban Bancorp Inc)

Bonus. With respect to each full fiscal year during During the Employment TermPeriod, the Executive shall be eligible to earn receive an annual bonus bonus, the target of which is 100% of Base Salary (the "Annual “Target Bonus") in such amountand the maximum of which is 200% of Base Salary, if any, as which amount shall be determined in the sole discretion of the Board of up to 100% (or such committee as may be designated by the Board) (the “Annual Bonus”). Such Annual Bonus, if any, shall be payable at such time as executive officer bonuses are paid generally so long as Executive remains in the employ of the Executive's Base Salary. In addition, Company on the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1payment date.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (Change Healthcare Inc.), Employment Agreement (Change Healthcare Inc.)

Bonus. With respect to each full fiscal year during During the Employment TermPeriod, the Executive shall be eligible to earn receive an annual bonus (bonus, the "Annual Bonus") in such amounttarget of which is 75% of Base Salary, if any, as which amount shall be determined in the sole discretion of the Board of up to 100% (or such committee as may be designated by the Board) (the “Annual Bonus”). Such Annual Bonus, if any, shall be payable at such time as executive officer bonuses are paid generally so long as Executive remains in the employ of the Executive's Base Salary. In addition, Company on the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1payment date.

Appears in 4 contracts

Samples: Employment Agreement (TC3 Health, Inc.), Employment Agreement (TC3 Health, Inc.), Employment Agreement (TC3 Health, Inc.)

Bonus. With respect to each full fiscal year during During the Employment TermPeriod, the Executive shall be eligible to earn receive an annual bonus (bonus, the "Annual Bonus") in such amounttarget of which is 50% of Base Salary, if any, as which amount shall be determined in the sole discretion of the Board of up to 100% (or such committee as may be designated by the Board) (the “Annual Bonus”). Such Annual Bonus, if any, shall be payable at such time as executive officer bonuses are paid generally so long as Executive remains in the employ of the Executive's Base Salary. In addition, Company on the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1payment date.

Appears in 3 contracts

Samples: Employment Agreement (Emdeon Inc.), Employment Agreement (Emdeon Inc.), Employment Agreement (Emdeon Inc.)

Bonus. With respect to each full fiscal year during the Employment Term, the Executive shall be eligible to earn an annual bonus and warrants (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of is subject to determine by the Board of up to 100% of the Executive's Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1Directors.

Appears in 3 contracts

Samples: Employment Agreement (JINHAO MOTOR Co), Employment Agreement (JINHAO MOTOR Co), Employment Agreement (JINHAO MOTOR Co)

Bonus. With respect In addition to each full fiscal year during the Employment TermSalary, the Executive shall be eligible entitled to earn an annual bonus for each full fiscal year of the Company during the Employment Period pursuant to the Company’s annual incentive bonus plan as in effect from time to time and based on attaining certain performance objectives thereunder (the "Annual Bonus") in such amount, if any, as determined in the sole discretion ”). The determination of the Board of up to 100% of the Executive's Base Salary. In addition, what level the Executive may participate in any Company bonus plan and the maximum and target Bonus that may be earned shall be eligible to participate made by the CEO in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1sole discretion.

Appears in 3 contracts

Samples: Employment Agreement (Party City Corp), Employment Agreement (Party City Corp), Employment Agreement (Party City Corp)

Bonus. With respect to each full fiscal year during the Employment Term, the Executive shall be eligible to earn an annual bonus (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Board of up to 100% (One hundred percent) of the Executive's Base Salary. In addition, the Executive shall be eligible to participate in the CompanyCorporation's bonus and other incentive compensation plans and programs (if any) for the CompanyCorporation's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1hereinabove.

Appears in 3 contracts

Samples: Employment and Service Agreement, Employment and Service Agreement (Elko Ventures Inc.), Employment and Service Agreement (ASPA Gold Corp)

Bonus. With respect to each full fiscal year during the Employment Term, the The Executive shall be eligible to earn receive an annual bonus (based on the "Annual Bonus"Company’s fiscal year) in such amountcash or in securities of the Company or otherwise. Such bonus, if any, as determined shall be in the sole discretion of the Board of an amount up to 10050% of the Executive's ’s Base Salary. In additionSalary based on the achievement of such criteria as shall be approved by the Board or a designated committee thereof; provided, however, that the Executive shall must be employed by the Company on the last day of the fiscal year in question to be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at earn such a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1bonus.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (HedgePath Pharmaceuticals, Inc.)

Bonus. With respect In addition to each full fiscal year during the Employment TermAnnual Base Salary, the Executive shall be eligible to earn receive during the Employment Period, or any Additional Employment Period, an annual bonus (the "Annual Bonus") in ”), such amountBonus to be awarded only upon the Company’s attainment of certain milestones to be determined by the Board (or a committee of the Board). The Bonus, if any, as determined in shall be payable annually to the sole discretion Executive consistent with the practices for executives of the Board of up to 100Company. The Executive’s target bonus (“Target Bonus”) will be 50% of the Executive's ’s Annual Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1.

Appears in 2 contracts

Samples: Employment Agreement (Reata Pharmaceuticals Inc), Employment Agreement (Reata Pharmaceuticals Inc)

Bonus. With respect to each full fiscal year during the Employment Term, the Executive shall be eligible to earn an annual bonus (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Board of up to 100% of the Executive's Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1hereinabove. 1

Appears in 2 contracts

Samples: Employment Agreement (Voiceserve Inc), Employment Agreement (Voiceserve Inc)

AutoNDA by SimpleDocs

Bonus. With respect In addition to each full fiscal year during the Employment TermAnnual Base Salary, the Executive shall be eligible to earn receive during the Employment Period, or any Additional Employment Period, an annual bonus (the "Annual Bonus") in ”), such amountBonus to be awarded only upon the Company’s attainment of certain milestones to be determined by the Board (or a committee of the Board). The Bonus, if any, as determined in shall be payable annually to the sole discretion Executive consistent with the practices for executives of the Board of up to 100Company. The Executive’s target bonus (“Target Bonus”) will be 35% of the Executive's ’s Annual Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1.

Appears in 1 contract

Samples: Employment Agreement (Reata Pharmaceuticals Inc)

Bonus. With respect In addition to each full fiscal year during the Employment TermAnnual Base Salary, the Executive shall be eligible to earn receive during the Employment Period, or any Additional Employment Period, an annual bonus (the "Annual Bonus") in ”), such amountBonus to be awarded only upon the Company’s attainment of certain milestones to be determined by the Board (or a committee of the Board). The Bonus, if any, as determined in shall be payable annually to the sole discretion Executive consistent with the practices for executives of the Board of up to 100Company. The Executive’s target bonus (“Target Bonus”) will be 30% of the Executive's ’s Annual Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1.

Appears in 1 contract

Samples: Employment Agreement (Reata Pharmaceuticals Inc)

Bonus. With respect to each full fiscal year during the Employment Term, the Non Executive shall be eligible to earn an annual bonus (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Board of up to 100% of the Non Executive's Base Salary. In addition, the Non Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1hereinabove.

Appears in 1 contract

Samples: Employment Agreement (Fortress Financial Group, Inc. / WY)

Bonus. With respect to each full fiscal year during the Employment Term, the Executive shall be eligible to earn an annual bonus (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Board of up to 100% of the Executive's Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1hereinabove.

Appears in 1 contract

Samples: Employment Agreement (Fortress Financial Group, Inc. / WY)

Bonus. With respect to each full fiscal year during the Employment Term, the Executive shall be eligible to earn an annual bonus (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Board of up to 10050% of the Executive's Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1hereinabove.1 _________________________

Appears in 1 contract

Samples: Employment Agreement (Virtual Closet, Inc.)

Bonus. With respect to each full fiscal year during the Employment Term, the Executive shall be eligible to earn an annual bonus (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Board of up to 100% of the Executive's Base Salary. In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1herein above.1

Appears in 1 contract

Samples: Employment Agreement (American Surgical Holdings Inc)

Bonus. With respect to For each full fiscal year during the Employment TermPeriod, the Executive shall will be eligible entitled to earn an annual receive a bonus (the "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Board of up to 10033% of the Executive's Annual Base SalarySalary then in effect. In addition, the Executive The Bonus shall be eligible based upon the Company achieving operating and/or financial goals to participate be established by the Board or any duly appointed committee thereof in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments good faith, in addition to the amount set forth hereinabove.1its sole discretion.

Appears in 1 contract

Samples: Employment Agreement (Page & Kiser Communications Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.