Yearly bonus definition

Yearly bonus means a bonus that a NBCT receives in each of years two (2) through ten (10) of the 10-year life of the certificate. The amount is $5,000. This provision shall apply only to the extent that necessary funds are appropriated to the Department.
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Yearly bonus means a payment in the amount $5,000 that a NBCT receives annually under Section 6.02. This provision shall apply only to the extent that necessary funds are appropriated to the Department.
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Yearly bonus. The bonus plan for 1995 shall be based upon the milestones listed below. The bonus shall become payable in the amounts stipulated below upon the achievement of these milestones up to a maximum of $50,000. Milestone $ Bonus --------- ------- Upon reaching $1.7 million in revenues 25,000 Upon reaching $3.4 million in revenues 25,000
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Examples of Yearly bonus in a sentence

  • Within 90 days after the last day of each year of the Employment Term, Executive shall be paid a cash bonus (the "Cash Bonus") based on satisfaction of the EBITDA objectives described in Schedule 1 attached hereto (the "Objective") as follows: Cash Bonus = Yearly Bonus Target x Bonus Payment Multiplier.

  • The Yearly Bonus shall be less statutory deductions and withholdings and payable at the times when other senior management bonuses are paid.

  • The Yearly Bonus shall be based on Executive’s achievement, as determined annually in the sole discretion of the Board of Directors and shall be pro-rated for partial achievement, of mutually agreed performance targets identified in writing by Executive and the Board of Directors.

  • Each of the bonuses referred to in subsections A through D above (collectively, the "Yearly Bonus Compensation") shall be based upon the fiscal year of the Company, which runs from April 1 to March 31.

  • 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.

  • The Board of Directors shall review annually the Yearly Bonus amount and make adjustments thereto; provided, however, that the Yearly Bonus shall not be less than $60,000.

  • For each twelve month period during the Employment Term in which Development Company profits are realized, Employee shall be eligible to receive a bonus, less all required deductions ("Yearly Bonus").

  • For every 2% increase in the actual operating profit above 80%, 10% of the Basic Yearly Bonus will be paid.

  • The total Yearly Bonus during each twelve month period ending on December 31 shall be an amount equal to fifteen percent (15%) of Development Company Profits or $450,000, whichever is less.

  • Monthly travel reimbursement (net) NIS 1,250 Monthly telecom reimbursement (net) NIS 250 Sick days Per applicable law Convalesce Pay Per applicable law Yearly Bonus: Entitled, at discretion of the Company Options: Entitled, at discretion of the Company /s/ Xxxxxx Xxxxxxxxxx /s/ Oz Xxxxx Therapix Biosciences Ltd.


More Definitions of Yearly bonus

Yearly bonus means a bonus that is given once every school year following the year of initial certification.
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Yearly bonus means a bonus that a NBCT receives in each of years two (2) through ten (10) of the 10-year life of the certificate. The amount
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Related to Yearly bonus

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Bonus means the bonus described in the Section 2.3.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Annual Salary means the salary given under this Part.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Base Salary Amount means the greater of the Executive’s annual base salary (a) at the rate in effect on the Termination Date and (b) at the highest rate in effect at any time during the 180-day period prior to a Change in Control, and will include all amounts of the Executive’s base salary that are deferred under any qualified or non-qualified employee benefit plan of the Company or any other agreement or arrangement.

  • Average Bonus means the average of the bonuses paid to Employee over the last two years (or such lesser number of years in which Employee was eligible to receive a bonus) in which the Employee was eligible to receive a bonus.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Annual Compensation means an amount equal to the greater of:

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.