Minimum Bonus Sample Clauses
The Minimum Bonus clause establishes a guaranteed baseline bonus amount that an employee will receive, regardless of performance or company results. Typically, this clause specifies the minimum sum to be paid as a bonus, which may be set annually or per another defined period, and applies even if the standard bonus calculation would result in a lower amount. Its core function is to provide financial certainty and security to the employee, ensuring they receive at least a specified bonus amount and protecting them from fluctuations in bonus calculations.
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Minimum Bonus. For each calendar year during which Executive is employed by the Company (commencing with the 2012 calendar year), he shall be entitled to a minimum cash bonus (the “Minimum Bonus”) of $300,000 annually, which amount shall be paid to the Executive in quarterly installments of $75,000 during the calendar year with each installment paid to the Executive as soon as administratively practicable following each quarter end (but in all events within 30 days thereafter) if the Executive remains employed by the Company as of the last day of such quarter; provided, that the quarterly payments for the first two quarters of the 2012 calendar year shall be paid to Executive as soon as administratively practicable following the date hereof (but in all events within 30 days thereafter).
Minimum Bonus. The Agreement, as amended, is further amended by substituting the following for Paragraph 3(d) of the Agreement:
(d) If you are employed by Gantos at the end of the applicable fiscal year, you will receive a minimum bonus of $75,000 with respect to each of fiscal 1996, 1998 and 1999. Therefore, if you are employed by Gantos at the end of the applicable fiscal year, with respect to each of fiscal 1996, 1998 and 1999, Gantos will pay to you the excess, if any, of $75,000 over the amount paid or payable to you pursuant to Paragraph 3.(b) and Paragraph 3.(c). Conversely, if the amount paid or payable to you pursuant to Paragraph 3.(b) and Paragraph 3.(c) is at least $75,000, no payment will be made under this Paragraph 3.(d) with respect to that fiscal year."
Minimum Bonus. The Company shall pay Executive the Minimum Bonus(es) that he would have received pursuant to Section 6(b) if his employment had continued until the end of the Term of Employment (or if this Agreement is renewed, until the end of the Renewed Term of Employment).
Minimum Bonus. The Employee shall be eligible to receive from the Employer, for each of the fiscal years of the Employer ended after the date hereof, a minimum bonus (the "Minimum Bonus") equal to $50,000; provided, that the Minimum Bonus payable for the fiscal year of the Employer ended July 31, 1995 shall be prorated based on the number of days elapsed from the Commencement Date until the end of such fiscal year. The Minimum Bonus for each fiscal year shall be paid within 30 days after the completion of the Employer's audited financial statements for such fiscal year; provided, that the Minimum Bonus shall not be payable for any fiscal year of the Employer ending after July 31, 1996 if Actual EBITA (as defined in Section 4(c)) for each of the previous two consecutive fiscal years of the Employer was less than 90% of Budgeted EBITA (as defined in Section 4(c)) for such fiscal year (it being understood that if the Minimum Bonus is not paid for any such fiscal year as a result thereof, and subsequent thereto Actual EBITA of the Employer exceeds 90% of Budgeted EBITA for such fiscal year, the Minimum Bonus shall be payable for such succeeding fiscal year).
Minimum Bonus. For and with respect to each calendar year (or part thereof) ending within the Employment Period, Employer will pay Executive a Minimum Bonus at the annual rate of Five Hundred Thousand ($500,000). The Minimum Bonus will be paid in cash (paid within 90 days after the end of the calendar year).
Minimum Bonus. The Company will pay to Executive a "Minimum Bonus" of Twelve Thousand Dollars ($12,000), less all applicable withholdings, which will be paid monthly for 12 months. The Minimum Bonus will be a part of any Bonus earned as contemplated under Section 2.2 above.
Minimum Bonus. In addition to the E Bonus and the HV Bonus to which Executive is entitled in accordance with subsections A and B above, in each fiscal year of the Term, Executive shall be entitled to receive as bonus compensation a minimum yearly bonus of 12.5% of the applicable Xxxxx Xxxxx Page 3 year's Base Salary (the "Minimum Yearly Bonus"), provided, however, that to be eligible for this Minimum Yearly Bonus, the Company must achieve 110% of the E Target for the Company's fiscal year commencing April 1, 2004.
Minimum Bonus. Within 120 days after the end of each fiscal year ending within the Employment Period, Employer will pay Executive a Minimum Bonus of $350,000 for and with respect to such fiscal year.
Minimum Bonus. Subject to section 5 of this Annex, the Employee shall receive payment of the Minimum Bonus in accordance with the following payment schedule:
a. The Companies shall pay 1/3 of the Minimum Bonus to the Employee on each of the following dates:
(i) When the value of the Constituency Payment Pool equals 1/3 of the Hurdle Amount; and
(ii) When the value of the Constituency Payment Pool equals 2/3 of the Hurdle Amount; and
(iii) When the value of the Constituency Payment Pool equals the Hurdle Amount.
b. In the event that on the Final Payment Date the value of the Constituency Payment Pool does not equal or exceed the Hurdle Amount, the Companies shall pay Employee any remaining unpaid portion of the Minimum Bonus as soon as reasonably practicable following the Final Payment Date, but in no event more than 30 days after the Final Payment Date.
c. Any other provision of this Agreement notwithstanding, the amount of the Minimum Bonus paid to Employee hereunder shall be reduced by the Excess Monthly Salary.
Minimum Bonus. (A) For the fiscal year ending June 30, 2000 your annual bonus shall not be less than $737,500.
(B) For each full fiscal year thereafter during the Term and for the Final Period your annual bonus shall not be less than one-half of your applicable Annual Bonus Target.
(C) For the Final Period, your bonus shall not be less than the Annual Bonus Target.