Common use of Performance Bonus Clause in Contracts

Performance Bonus. Executive shall be eligible to earn an annual performance bonus based upon his performance and/or the Company’s performance after Executive’s first anniversary with the Company in accordance with the Company’s Management Bonus Plan. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance bonus will be paid by the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th of the calendar year following the calendar year in which the services were rendered.

Appears in 5 contracts

Samples: Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.)

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Performance Bonus. Executive shall will be eligible to earn an annual performance bonus for each year employed by the Company based upon his performance and/or the Company’s performance after Executive’s first anniversary with Executive and the Company in accordance with the Company’s Management Bonus Planmeeting certain performance objectives to be defined over a reasonable time frame. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance The bonus will be paid targeted to provide for a bonus equal to 50% of Base Salary annually if the performance objectives are met. The bonus will be distributed upon the sooner of: (1) ninety (90) days following the end of the Company's fiscal year end; and (2) after the filing by the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th of the calendar year following the calendar year in which the services were rendered.its annual report on Form 10-K.

Appears in 2 contracts

Samples: Employment Agreement (Ascend Acquisition Corp.), Employment Agreement (Ascend Acquisition Corp.)

Performance Bonus. Executive shall will be eligible to earn an annual performance bonus bonuses during the course of each year employed by the Company based upon his the Executive and the Company meeting certain performance and/or objectives. The bonuses will be based on the Executive’s and the Company’s performance after Executive’s first anniversary with the Company in accordance with existing agreements covering the Company’s Management Bonus Plan. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salarybonuses. Each annual performance bonus The bonuses will be paid by distributed within 30 days after the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th end of the calendar year following the calendar year in which the services were renderedapplicable performance period.

Appears in 2 contracts

Samples: Settlement and General Release Agreement (Propel Media, Inc.), Settlement and General Release Agreement (Propel Media, Inc.)

Performance Bonus. Executive shall be eligible to earn an annual performance bonus based upon his performance and/or the Company’s performance after Executive’s first anniversary with the Company in accordance with the CompanyBRF’s Management Bonus Plan. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance bonus will be paid by the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th of the calendar year following the calendar year in which the services were rendered.

Appears in 2 contracts

Samples: Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.)

Performance Bonus. Executive shall be eligible to earn an annual performance bonus, with the target amount of such bonus based upon his performance and/or the Company’s performance after equal to 35% of Executive’s first anniversary with base salary, less standard deductions and withholdings (the “Performance Bonus”), as such Performance Bonus may be adjusted from time to time by the Board. Executive’s Performance Bonus will be based on corporate and individual performance as determined by the Company in its sole discretion. Executive must be employed by the Company on the date the Performance Bonus is paid in order to be eligible to earn any Performance Bonus. Any Performance Bonus Executive earns will be paid out in cash or stock in accordance with the Company’s Management Bonus Plan. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance bonus will be paid by the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th of the calendar year following the calendar year in which the services were renderedstandard practice.

Appears in 1 contract

Samples: Employment Agreement (Xencor Inc)

Performance Bonus. Executive shall be eligible to earn an annual performance bonus, with the target amount of such bonus based upon his performance and/or the Company’s performance after equal to 35% of Executive’s first anniversary with base salary, less standard deductions and withholdings (the “Performance Bonus”). Executive’s Performance Bonus will be based on corporate and individual performance as determined by the Company in its sole discretion. Executive must be employed by the Company on the date the Performance Bonus is paid in order to be eligible to earn any Performance Bonus. Any Performance Bonus Executive earns will be paid out in cash or stock in accordance with the Company’s Management Bonus Plan. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance bonus will be paid by the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th of the calendar year following the calendar year in which the services were renderedstandard practice.

Appears in 1 contract

Samples: Employment Agreement (Xencor Inc)

Performance Bonus. Executive shall will be eligible to earn an annual performance bonus for each year employed by the Company based upon his performance and/or the Company’s performance after Executive’s first anniversary with Executive and the Company in accordance with the Company’s Management Bonus Planmeeting certain performance objectives to be defined over a reasonable time frame. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance The bonus will be paid targeted to provide for a bonus equal to 50% of Base Salary annually if the performance objectives are met. The bonus will be distributed upon the sooner of: (1) ninety (90) days following the end of the Company's fiscal year end; and (2) after the filing by the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th of the calendar year following the calendar year in which the services were rendered.its Annual Report on Form 10-K.

Appears in 1 contract

Samples: Settlement and General Release Agreement (Propel Media, Inc.)

Performance Bonus. Executive shall will be eligible to earn an annual performance bonus for each year employed by the Company based upon his performance and/or the Company’s performance after Executive’s first anniversary with Executive and the Company in accordance with the Company’s Management Bonus Planmeeting certain performance objectives to be defined over a reasonable time frame. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance The bonus will be paid targeted to provide for a bonus equal to a certain percentage of Base Salary annually if the performance objectives are met. The bonus will be distributed upon the sooner of: (1) ninety (90) days following the end of the Company's fiscal year end; and (2) after the filing by the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th of the calendar year following the calendar year in which the services were rendered.its Annual Report on Form 10-K.

Appears in 1 contract

Samples: Settlement and General Release Agreement (Propel Media, Inc.)

Performance Bonus. The Executive shall be eligible entitled to earn and accrue an annual performance bonus based on the Company attaining certain financial performance criteria to be agreed upon his in advance by the Company and the Executive and will be paid no later than 60 days after the performance and/or the Company’s performance after bonus period. The Executive’s first anniversary with the Company in accordance with the Company’s Management Bonus Plan. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance bonus will be paid by as outlined in the Company attached compensation structure document covering performance periods ending March 31. For greater clarity, the Executive will be guaranteed a $25,000 bonus for the period ending March 31, 2008 in full, less applicable tax and other authorized withholdings, by no later than March 30th of addition to target bonuses outlined in the calendar year following the calendar year in which the services were renderedcompensation structure document.

Appears in 1 contract

Samples: Executive Employment Agreement (Euoko Group Inc.)

Performance Bonus. Executive shall be eligible have the opportunity to earn an annual performance bonus based upon his performance and/or the Company’s performance after Executive’s first anniversary with the Company in accordance with the Company’s Management Performance Bonus Plan. Executive’s Plan then in effect with a target bonus shall be equal to not less than 100amount of 50% of his Base Salary (“Target Bonus”); if the Company does not have a Performance Bonus Plan in effect at any given time during the term of this Agreement, then the Company’s Compensation Committee or Board of Directors shall have discretion as to determining the annual bonus compensation for Executive’s Base Salary. Each annual performance bonus Annual bonuses will be paid by the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th of the based on calendar year following the calendar year in which the services were renderedyears.

Appears in 1 contract

Samples: Executive Employment Agreement (Applied BioSciences Corp.)

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Performance Bonus. Executive shall will be eligible to earn an annual performance bonus (“Performance Bonus”) in addition to his Base Salary. The amount of the Executive’s Performance Bonus will be based upon his on the meeting of certain annual Company performance and/or objectives determined by the Board, as detailed in Schedule A to this Agreement. Any Performance Bonus earned by Executive shall be paid at the end of the Company’s performance after Executive’s first anniversary with fiscal year. The Company shall deduct from any Performance Bonus paid to Executive the Company in accordance with the Company’s Management Bonus Plan. Executive’s target bonus shall be equal to not less than 100% of Executive’s Base Salary. Each annual performance bonus will be paid by the Company in fullrequired federal, less applicable tax state and local withholding taxes, as well as any other authorized withholdings, by no later than March 30th of the calendar year following the calendar year in which the services were rendereddeductions.

Appears in 1 contract

Samples: Employment Agreement (Profit Planners Management, Inc.)

Performance Bonus. Executive shall be eligible have the opportunity to earn an annual performance bonus based upon his performance and/or the Company’s performance after Executive’s first anniversary with the Company in accordance with the Company’s Management 's Performance Bonus Plan. Executive’s Plan then in effect with a target bonus shall be equal to not less than 100amount of 90% of his Base Salary (“Target Bonus”); if the Company does not have a Performance Bonus Plan in effect at any given time during the term of this Agreement, then the Company’s Compensation Committee or Board of Directors shall have discretion as to determining the annual bonus compensation for Executive’s Base Salary. Each annual performance bonus Annual bonuses will be paid by the Company in full, less applicable tax and other authorized withholdings, by no later than March 30th of the based on calendar year following the calendar year in which the services were renderedyears.

Appears in 1 contract

Samples: Executive Employment Agreement (GT Biopharma, Inc.)

Performance Bonus. Executive shall will be eligible to earn receive an annual performance bonus based upon his performance and/or on achieving strategic and financial goals to be determined for each year by the compensation committee of the Company’s performance after Executive’s first anniversary with 's Board of Directors; provided, however, that for the Company 2001 calendar year, such goals will be determined jointly (and agreed upon in accordance with writing) by Executive and the Chair of the Company’s Management Bonus Plan's Board of Directors. Executive’s The target annual performance bonus shall for Executive will be equal to not less than 100% 50 percent of Executive’s Base Salary. Each For the 2001 calendar year, Executive's annual performance bonus will be paid by the Company in full, not less applicable tax and other authorized withholdings, by no later than March 30th of the calendar year following the calendar year in which the services were rendered$60,000.

Appears in 1 contract

Samples: Employment Agreement (Gardenburger Inc)

Performance Bonus. Executive shall will be eligible to earn an annual receive a performance bonus based upon his performance and/or the Company’s performance after Executive’s first anniversary during each calendar year of employment with the Company in accordance during the Term, with the Company’s Management Bonus Plan. Executive’s target bonus shall be equal to not less than 100% of Executive’s then current Base Salary. Each annual (the “Performance Bonus”). The award of each year’s Performance Bonus shall be based upon performance bonus will criteria to be paid determined by the Company Compensation Committee and approved by the Board after consultation with Executive and paid within ninety (90) days of calendar year-end for each subsequent calendar year, but subject, in fullany event, less applicable tax and other authorized withholdings, by no later than March 30th subject to the discretion of the calendar year following Board and the calendar year in which terms of the services were renderedapplicable short-term bonus plan (the “Performance Criteria”).

Appears in 1 contract

Samples: Employment Agreement (Celsius Holdings, Inc.)

Performance Bonus. Executive shall will be eligible to earn an annual receive a performance bonus based upon his performance and/or the Company’s performance after Executive’s first anniversary with the Company in accordance during each calendar year of employment with the Company’s Management Bonus Plan. Executive’s , with a minimum target bonus shall be equal to not less than 10050% of Executive’s then current Base Salary. Each annual (the “Performance Bonus”). The award of each year’s Performance Bonus shall be based upon performance bonus will criteria to be paid determined by the Company Compensation Committee and approved by the Board after consultation with Executive and within thirty (30) days of calendar year-end for each subsequent calendar year, but subject, in fullany event, less applicable tax and other authorized withholdings, by no later than March 30th subject to the discretion of the calendar year following Board (the calendar year in which the services were rendered“Performance Criteria”).

Appears in 1 contract

Samples: Employment Agreement (Celsius Holdings, Inc.)

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