Annual Discretionary Bonus. With respect to each fiscal year of the Term commencing with the fiscal year that begins October 1, 2014 and ends September 30, 2015 (i.e., the 2015 fiscal year), Company shall consider granting to you an annual bonus (or a pro rata portion of such annual bonus for a portion of such fiscal year). Your target bonus for each fiscal year of the Term (including the full 2015 fiscal year) shall be $330,000 (or a pro rata portion of such amount for a portion of such year), and the amount of each annual bonus awarded to you shall be determined by Company based on factors including the strength of your performance and the performance of Company; provided, that, the amount of each annual bonus awarded to you may be higher or lower than the target amount, and shall remain in the sole discretion of Company.
Annual Discretionary Bonus. With respect to each fiscal year of the Term, commencing with the fiscal year that begins October 1, 2017 and ends September 30, 2018 (i.e., the 2018 fiscal year), Company shall consider granting to you an annual bonus (or a pro rata portion thereof for a portion of such fiscal year). Your target bonus with respect to each fiscal year shall be as set forth below (or a pro rata portion of such amount for a portion of such fiscal year), and the amount of any annual bonus awarded to you shall be determined by Company in its sole discretion based on factors including the strength of your performance and the performance of Company and of Warner Music Group; provided that the amount of any annual bonus awarded to you may be higher or lower than the target amount. HS 65899-1 Fiscal Year Target Bonus 2018 $500,000 2019, 2020, 2021 $850,000 2022, 2023 $900,000”
Annual Discretionary Bonus. With respect to each fiscal year of the Term, Company shall consider granting to you an annual bonus (or a pro rata portion of such annual bonus for a portion of such year). Your target bonus for each fiscal year of the Term shall be $550,000 (including the full 2012 fiscal year); provided, that the amount of each annual bonus shall be determined by Company at its sole discretion, based on the strength of your performance and on the performance of Company.
Examples of Annual Discretionary Bonus in a sentence
The Annual Discretionary Bonus shall be paid, in accordance with Company policy, and in any event, not later than the last day of the applicable two and one-half (2 1/2) month “short-term deferral period” with respect to such annual bonus, within the meaning of Treasury Regulations Section 1.409A-1(b)(4).
The Annual Discretionary Bonus will be paid in accordance with the Company’s normal bonus payment procedures, and may be paid in the form of equity incentive awards.
The Annual Discretionary Bonus will be paid in accordance with the Company’s normal bonus payment procedures.
The MDC Executive shall communicate the criteria for the Annual Discretionary Bonus to the Executive within a reasonable period of time after such criteria have been established.
The Company may also require the Executive to sign a standard form of retention agreement in connection with each payment of an Annual Discretionary Bonus.
More Definitions of Annual Discretionary Bonus
Annual Discretionary Bonus. With respect to each fiscal year of the Term commencing with the fiscal year that begins on or about October 1, 2015, Company shall consider granting to you an annual bonus (or a pro rata portion of such annual bonus for a portion of such fiscal year). Your target bonus for each fiscal year of the Term shall be $600,000 (or a pro rata portion of such amount for a portion of such fiscal year), and the amount of any annual bonus awarded to you shall be determined by Company in its sole discretion, which shall be exercised by Company in good faith, based on factors including, without limitation, the strength of your performance and the performance of Company; provided, that the amount of any annual bonus awarded to you may be higher or lower than the target amount. For the avoidance of doubt, with respect to the full fiscal year immediately preceding the start of the Term (i.e., the fiscal year that ends on or about September 30, 2015, the “2015 fiscal year”), Company shall consider granting to you an annual bonus (or a pro rata portion of such annual bonus for a portion of such fiscal year). Your target bonus for the 2015 fiscal year shall be $550,000 (or a pro rata portion of such amount for a portion of such year), and the amount of any annual bonus awarded to you for the 2015 fiscal year shall be determined by Company in its sole discretion, which shall be exercised by Company in good faith, based on factors including, without limitation, the strength of your performance and the performance of Company; provided, that the amount of any annual bonus awarded to you may be higher or lower than the target amount.
Annual Discretionary Bonus. With respect to each fiscal year of the Term, commencing with the fiscal year that begins October 1, 2018 and ends September 30, 2019 (i.e., the 2019 fiscal year), Company shall consider granting to you an annual bonus (or a pro rata portion thereof for a portion of such fiscal year). Your target bonus with respect to the 2019 fiscal year shall be $1,266,667 (which reflects the proration of your annual target of $1,750,000 commencing February 1, 2019 and your prior annual target of $300,000), and your target bonus for each fiscal year of the Term thereafter shall be $1,750,000 (or a pro rata portion of such amount for a portion of a fiscal year). The amount of any annual bonus awarded to you shall be determined by Company in its sole discretion based on factors including the strength of your performance and the performance of Company (which includes your delivery of certain business and financial objectives) and of Warner Music Group; provided that the amount of any annual bonus awarded to you may be higher or lower than the target amount. Solely with respect to the 2019 fiscal year, and subject to the factors described in the preceding sentence, Company shall take into consideration your additional responsibilities and services rendered to Company during the period in which Company sought to appoint a new senior-most executive of Company in determining the amount of your annual bonus for such fiscal year. Annual discretionary bonuses or pro rata portions thereof, if any, payable to you pursuant to this Paragraph, shall each be paid to you not later than such time as bonuses with respect to the applicable fiscal year are paid to employees of Company generally.”
Annual Discretionary Bonus. With respect to each fiscal year of the Term, Company shall consider granting to you an annual bonus (or a pro rata portion of such annual bonus for a portion of such fiscal year). The amount of each annual bonus shall be determined by Company at its sole discretion; provided, that, your Target bonus for each year of the Term shall be $750,000 (or a pro rata portion of such amount for a portion of a year), based on the strength of your performance and on the performance of WMI and of Company. The amount of each annual bonus awarded to you may be higher or lower than the Target amount, and shall remain in the sole discretion of Company.
Annual Discretionary Bonus. With respect to each fiscal year of the Term commencing with the fiscal year that begins October 1, 2011 and ends September 30, 2012 (i.e., the 2012 fiscal year), Company shall consider granting to you an annual bonus (or a pro rata portion of such annual bonus for a portion of such year) (the “Annual Bonus”). The amount of any Annual Bonus awarded to you shall be determined by Company in its sole discretion based on factors including the strength of your performance and the performance of Company and of Warner Music Group (“WMG”). You shall have the opportunity at the start of each fiscal year to provide meaningful input to Company with respect to the formulation of pre-established performance goals for such annual bonus; provided that the final determination of such performance goals shall remain in the sole discretion of Company. Such annual bonus shall be paid to you no later than such time when bonuses are paid generally to U.S. senior executives of ADC 31713-4 WMG with respect to such fiscal year. If during any fiscal year of the Term Xxxxx Xxxxxx ceases to serve as an officer or director of WMG, the Chairman of the Compensation Committee of the WMG Board of Directors shall, after discussions with you, and considering in good faith your recommendation regarding an appropriate bonus target, determine your target bonus for such fiscal and subsequent fiscal years.”
Annual Discretionary Bonus means (a) any discretionary bonus award in respect of the financial year in which your employment terminates in such amount as Barclays shall decide having regard to Clause 5.1 of the Assignment Agreement; and (b) any pro-rated bonus award in respect of any part of the following financial year during which you would have been employed had you worked out the notice period contemplated by Section 2.1 in such amount as Barclays shall decide having regard to Clause 5.1 of the Assignment Agreement, in each case less appropriate deductions and withholdings as required by law. Payment of any such discretionary bonus will be paid in a cash lump sum no later than 31 March following the end of the relevant financial year save where compliance with any legal or regulatory obligations, including but not limited to the FSA’s Remuneration Code, requires a change in the timing and or method of delivery of any such bonus.
Annual Discretionary Bonus. With respect to each fiscal year of the Term, commencing with the fiscal year that began October 1, 2022 and ends September 30, 2023 (i.e., the 2023 fiscal year), Company shall consider granting to you an annual bonus (or a pro rata portion thereof for a portion of such fiscal year). Your target bonus with respect to (i) the 2023 fiscal year shall be $1,750,000, and (ii) the 2024 fiscal year and each fiscal year of the Term thereafter shall be $2,187,500 (or a pro rata portion of such amount for a portion of a fiscal year). The amount of any annual bonus awarded to you shall be determined by Company in its sole discretion based on factors including the strength of your performance and the performance of Company (which includes your delivery of certain business and financial objectives) and of Warner Music Group; provided that the amount of any annual bonus awarded to you may be higher or lower than the target amount. Annual discretionary bonuses or pro rata portions thereof, if any, payable to you pursuant to this Paragraph, shall each be paid to you not later than such time as bonuses with respect to the applicable fiscal year are paid to employees of Company generally.
Annual Discretionary Bonus. With respect to each fiscal year of the Term, Company shall consider granting to you an annual bonus (or a pro rata portion thereof for a portion of such fiscal year). Your target bonus with respect to (i) the fiscal year that began October 1, 2022 and ends September 30, 2023 (i.e., the 2023 fiscal year) shall be $1,750,000 (or a pro rata portion of such amount for a portion of a fiscal year), and (ii) the fiscal year that begins October 1, 2023 and ends September 30, 2024 (i.e., the 2024 fiscal year) and each fiscal year of the Term thereafter shall be $2,187,500 (or a pro rata portion of such amount for a portion of a fiscal year), and the amount of any annual bonus awarded to you shall be determined by Company in its sole discretion based on factors including the strength of your performance and the performance of Company and of Warner Music Group; provided that the amount of any annual bonus awarded to you may be higher or lower than the target amount.