Common use of Incentive Bonus Clause in Contracts

Incentive Bonus. During the Employment Term, the Executive shall be eligible to receive an incentive performance bonus of up to 75% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonus.

Appears in 3 contracts

Samples: Employment Agreement, Amended And (KLX Inc.), Employment Agreement (KLX Inc.)

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Incentive Bonus. During the Employment TermPeriod, the Executive shall be eligible to may receive an incentive performance target bonus of up to 75% of for each fiscal year or portion thereof during which the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, Executive has been employed hereunder as determined by the Compensation Committee at the end of the applicable fiscal year year, with the target annual incentive opportunity to be no less than seventy-five percent (75%) of the Executive’s then current Salary (the “Target Bonus”), in its sole discretionaccordance with the Company’s executive bonus plan then in effect. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusit is earned.

Appears in 3 contracts

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

Incentive Bonus. During the Employment TermIn each fiscal year, the Executive shall be eligible to receive an incentive annual performance bonus of (“Incentive Bonus”) equal to up to 7560% of the Base Salary (in effect on March 31 of such fiscal year, subject to successful achievement of goals and objectives to be agreed upon by the “Target Bonus”) Executive and the Compensation Committee of the Board of Directors of the Company, payable in accordance with the Company’s executive bonus plan then standard practices for executives as in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonuseffect from time to time.

Appears in 3 contracts

Samples: Employment Agreement (Castle Brands Inc), Employment Agreement (Castle Brands Inc), Employment Agreement (Castle Brands Inc)

Incentive Bonus. During the Employment TermPeriod, the Executive shall be eligible to may receive an incentive a performance bonus of up to 75% ninety (90%) percent of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effectSalary, as determined by the Compensation Committee at the end of the applicable fiscal year Company in its sole discretion. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusit is earned.

Appears in 2 contracts

Samples: Employment Agreement (Be Aerospace Inc), Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During the Employment TermPeriod, the Executive shall be eligible to may receive an incentive a performance bonus of up to seventy-five percent (75% %) of the Salary (the Target Bonus) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusit is earned.

Appears in 2 contracts

Samples: Employment Agreement (KLX Energy Services Holdings, Inc.), Employment Agreement (KLX Energy Services Holdings, Inc.)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to may receive an incentive performance bonus of up to 75% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusit is earned.

Appears in 2 contracts

Samples: Employment Agreement (Be Aerospace Inc), Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During the Employment TermPeriod, the Executive shall be eligible to may receive an incentive performance target bonus of up to 75% of for each fiscal year or portion thereof during which the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, Executive has been employed hereunder as determined by the Compensation Committee at the end of the applicable fiscal year year, with the target annual incentive opportunity to be no less than sixty percent (60%) of the Executive’s then current Salary (the Target Bonus), in its sole discretionaccordance with the Company’s executive bonus plan then in effect. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusit is earned.

Appears in 2 contracts

Samples: Employment Agreement (KLX Energy Services Holdings, Inc.), Employment Agreement (KLX Energy Services Holdings, Inc.)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to receive an incentive performance bonus of up to 7590% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, Bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusBonus.

Appears in 2 contracts

Samples: Employment Agreement (Be Aerospace Inc), Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During the Employment TermSo long as employed, the Executive shall be eligible to may receive an incentive performance target bonus of up to 75% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, for each fiscal year or portion thereof during which Executive has been employed hereunder as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretionyear, with the target annual incentive opportunity to be no less than 150% of Executive’s then current Salary (“Target Bonus”). The incentive bonus, if any, shall be paid in accordance with Company policy, but in any event, no event later than March 15th of the year following the year in respect of which the Executive earned such bonus.

Appears in 2 contracts

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

Incentive Bonus. During the Employment TermPeriod, the Executive shall be eligible to may receive an incentive performance bonus of up to 75% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effecteffect from time to time, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, policy but in no event later than March 15th of the year following the year in which the Executive earned such bonusit shall accrue.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During the Employment Term, the Executive shall be is eligible to receive an incentive performance bonus of up to 7590% of the Salary (for each fiscal year or portion thereof during which the “Target Bonus”) Executive has been employed hereunder, in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee in its sole discretion at the end of the applicable fiscal year in its sole discretionyear. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in any event, no event later than March 15th of the year following the year in which the Executive earned such bonusit shall accrue.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to receive an incentive performance bonus of from 0% up to 7590% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan applicable to similarly situated employees then in effect, as determined by the Compensation Committee in its sole discretion at the end of the applicable fiscal year in its sole discretionyear. The incentive bonusBonus, if anyearned, shall be paid in accordance with Company policypolicy then in effect, but in no event later than March 15th of the year following the year in which the Executive earned such bonusBonus. Executive must be an employee of the Company at the time the Bonus is to be paid to be eligible to receive it.

Appears in 1 contract

Samples: Employment Agreement (B/E Aerospace Inc)

Incentive Bonus. During the Employment Term, the Executive shall will be eligible to receive an incentive earn a quarterly performance bonus with an annual target amount equivalent to fifty percent of up Executive's Base Salary ("Target Bonus"). The Target Bonus to 75% be paid will be determined by the Compensation Committee of the Salary Board after a performance review that will occur promptly after the end of each quarter and will be based on the achievement of mutually agreed upon objectives that will be established by Executive and the Compensation Committee within 30 days after Executive's Start Date. Bonuses payable under this subsection (the “Target Bonus”b) shall be payable in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonus's normal practices.

Appears in 1 contract

Samples: Employment Agreement (Tumbleweed Communications Corp)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to receive an incentive target performance bonus of up to 75% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretionyear. The incentive bonus, if any, Bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusBonus.

Appears in 1 contract

Samples: Death Benefit Agreement (B/E Aerospace Inc)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to receive an incentive performance bonus of up to 7580% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, Bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusBonus.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During the Employment TermPeriod, the Executive shall be eligible to may receive an incentive performance target bonus of up to 75% of for each fiscal year or portion thereof during which the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, Executive has been employed hereunder as determined by the Compensation Committee at the end of the applicable fiscal year year, with the target annual incentive opportunity to be no less than one hundred percent (100%) of the Executive’s then current Salary (the Target Bonus), in its sole discretionaccordance with the Company’s executive bonus plan then in effect. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusit is earned.

Appears in 1 contract

Samples: Employment Agreement (KLX Energy Services Holdings, Inc.)

Incentive Bonus. During the Employment TermPeriod, the Executive shall be eligible to may receive an incentive performance target bonus of up to 75% for each fiscal year or portion thereof during which the Executive has been employed hereunder as determined by the Compensation Committee at the end of the applicable fiscal year, with the target annual incentive opportunity to be no less than seventy-five percent (75%) of the Executive’s then current Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusit is earned.

Appears in 1 contract

Samples: Employment Agreement (KLX Inc.)

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Incentive Bonus. During the Employment TermPeriod, the Executive shall be eligible to may receive an incentive a performance bonus of up to 75% of the Salary sixty (the “Target Bonus”60%) in accordance with the Company’s executive bonus plan then in effectpercent, as determined by the Compensation Committee at the end of the applicable fiscal year Company in its sole discretion. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, policy but in no event later than March 15th of the year following the year in which the Executive earned such bonusit is earned.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to may receive an incentive performance bonus (the “Bonus”) of up to 75120% of the Salary (for each fiscal year or portion thereof during which the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, Executive has been employed hereunder as determined by the Compensation Committee Board at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonus.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During the Employment Term, the Executive shall be is eligible to receive an incentive performance target bonus of up to 7590% of the Salary (or such higher percentage as may be determined by the “Target Bonus”Compensation Committee) for each fiscal year or portion thereof during which the Executive has been employed hereunder, in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretionyear. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in any event, no event later than March 15th of the year following the year in which the Executive earned such bonusit shall accrue.

Appears in 1 contract

Samples: Employment Agreement (B/E Aerospace Inc)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to receive participate in an incentive annual bonus program adopted by the Compensation Committee, which will provide Executive with the opportunity to earn a cash bonus based on performance bonus of up to 75% of the Salary (the “Target Incentive Bonus”) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion). The incentive bonus, if any, shall opportunity range for the Incentive Bonus will be paid in accordance with Company policy, but in no event later than March 15th 0% to 200% of the year following the year in which the Executive earned such bonusBase Salary.

Appears in 1 contract

Samples: Employment Agreement (Catalyst Health Solutions, Inc.)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to receive an incentive performance bonus of up to 75% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, Bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusBonus.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During the Employment Term, the Executive shall will be eligible to receive an incentive performance bonus (the "Bonus") of up to 75120% of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, for each fiscal year or portion thereof during which Executive has been employed hereunder as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, Bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in respect of which the Executive earned such bonusthe Bonus.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

Incentive Bonus. During Executive shall have the Employment Termopportunity to participate in the Company’s incentive bonus programs, targeted at 40% of annual base salary for 100% target achievement. For the Company’s Fiscal Year 2005, Employee’s incentive bonus shall be paid at the 100% achievement level, to be paid no later than December 31, 2004. For subsequent periods, the Executive amount of any such bonus shall be eligible to receive an incentive performance bonus of up to 75% determined by the Board or the Compensation and Human Resources Committee of the Salary (the “Target Bonus”) Board in accordance its sole discretion, consistent with the Company’s executive performance, the Employee’s contribution to the Company’s performance and the provisions of any applicable incentive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusprogram.

Appears in 1 contract

Samples: Employment Agreement (Remec Inc)

Incentive Bonus. During the Employment TermPeriod, the Executive shall be eligible to may receive an incentive a performance bonus of up to seventy-five percent (75% %) of the Salary (the “Target Bonus”) in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusit is earned.

Appears in 1 contract

Samples: Employment Agreement (KLX Energy Services Holdings, Inc.)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to receive an incentive performance bonus of up to 75% of the Salary (the “Target "Bonus") in accordance with the Company’s 's executive bonus plan then in effect, as determined by the Compensation Committee at the end of the applicable fiscal year in its sole discretion. The incentive bonus, if any, Bonus shall be paid in accordance with Company policy, but in no event later than March 15th of the year following the year in which the Executive earned such bonusBonus.

Appears in 1 contract

Samples: Employment Agreement (B/E Aerospace Inc)

Incentive Bonus. During the Employment Term, the Executive shall be eligible to may receive an incentive performance bonus of up to 7580% of the Salary (for each fiscal year or portion thereof during which the “Target Bonus”) Executive has been employed hereunder, in accordance with the Company’s executive bonus plan then in effect, as determined by the Compensation Committee in its sole discretion at the end of the applicable fiscal year in its sole discretionyear. The incentive bonus, if any, bonus shall be paid in accordance with Company policy, but in any event, no event later than March 15th of the year following the year in which the Executive earned such bonusit shall accrue.

Appears in 1 contract

Samples: Employment Agreement (Be Aerospace Inc)

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