Example ContractsClausesAnnual Bonus
Annual Bonus
Annual Bonus contract clause examples

Annual Bonus. Executive shall be eligible to receive an annual cash bonus with a target amount equal to forty percent (40%) of Executive’s Base Salary (the “Annual Bonus”). The amount of the Annual Bonus shall be based on factors such as Executive’s work performance, Stoke’s financial performance, Stoke’s business forecasts, Stoke’s determination of Executive’s achievement of milestones for the applicable year, and economic conditions generally. The actual amount of the Annual Bonus shall be determined by the Board of Directors (the “Board”) in its sole discretion. Executive’s Annual Bonus shall be paid by the fifteenth day of the third month following Executive or Stoke’s taxable year in which it is earned, whichever is later. Executive must be employed by Stoke on the last day of such fiscal year to which such Annual Bonus relates, to be deemed as having earned the Annual Bonus. Stoke shall deduct from the Annual Bonus all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Executive participates.

Annual Bonus. Section 3(b) of the Agreement shall be deleted in its entirety and replaced with the below:

Annual Bonus. For each calendar year ending during the Term, Executive will be eligible to earn an annual bonus (the “Annual Incentive Bonus”). The target Annual Incentive Bonus is equal to 65% of Base Salary (the “Target Bonus Amount”), prorated for the 2020 calendar year. The Target Bonus Amount will be reviewed annually by the Board (or a committee thereof) and may be adjusted upward in the Board’s sole discretion, but not downward. The actual amount of the Annual Incentive Bonus with respect to any calendar year will be determined by the Board (or a committee thereof) based on Executive’s and the Equity Group’s fulfillment of performance goals established by the Board or the Direct Supervisor with respect to the applicable calendar year. The Annual Incentive Bonus for any calendar year will (if and to the extent earned) be paid no later than the March 15th following the completion of such calendar year. Executive must remain continuously employed with the Equity Group through the payment date of the Annual Incentive Bonus in order to receive such Annual Incentive Bonus.

Annual Bonus. Executive will be eligible to earn an annual incentive bonus (“Annual Bonus”) with an annual target of fifty percent (50%) of Base Salary, up to a maximum amount of up to one hundred percent (100%) of Base Salary, determined in accordance with the terms of the Company’s annual bonus program applicable to its senior executive officers other than the Chief Executive Officer and President (such other officers, the “Non-Founder Executives”) generally for the relevant year, based on the achievement of objective financial performance goals applicable equally to all Non-Founder Executives’ annual bonuses for the relevant year, which bonus program shall be determined by the Compensation Committee of the Board and communicated to the senior executive team no later than ninety (90) days after the start of each applicable year. The target Annual Bonus shall be subject to review by the Board no less frequently than annually. In order to earn a bonus for an applicable year, Executive must be employed with the Company as of the fifth day of January of the year following the applicable bonus program year, and any such bonus will be paid at such time as annual bonuses are paid generally to the Company’s senior executive, but in any event no later than April 30th of the year following the applicable bonus program year.

Annual Bonus. Effective as of June 17, 2019 your annual target bonus opportunity shall be increased to equal 150% of your base salary and will otherwise be subject to all of the terms and conditions of the Company’s annual bonus plan; provided that for the portion of 2019 from January 1, 2019 through June 17, 2019, your annual target bonus opportunity shall remain equal to 80% of your prior base salary ($500,000). For the 2019 fiscal year, your bonus criteria shall be the same criteria applicable to senior executives of the Company generally. In addition, in the event you are not employed by the Company at the time the Company pays annual bonuses to executives generally per the terms of the 2019 annual bonus plan (other than as a result of a termination for cause as provided for in the 2019 annual bonus plan), you will be entitled to a pro-rata annual bonus for 2019 (to the extent earned under the terms of the 2019 annual bonus plan) based upon the number of days you were employed by the Company and Parent during 2019.

Annual Bonus. For the Company’s 2020 fiscal year, you will have the opportunity to earn a target annual cash bonus equal to forty percent (40%) of your annual base salary, based on achieving performance objectives established by the Board or the Committee, as applicable, in its sole discretion and payable upon achievement of those objectives as determined by the Committee. Unless determined otherwise by the Board or Committee, as applicable, any such bonus will be subject to your continued employment through and until the date of payment, and any such bonus amounts paid will be subject to any applicable withholdings. Your annual bonus opportunity and the applicable terms and conditions may be adjusted from time to time by our Board or the Committee, as applicable, in its sole discretion.

Annual Bonus. For each fiscal year completed during the Term (including, for the avoidance of doubt, the 2019 fiscal year), the Executive shall be eligible to participate in such annual bonus plan as may be established by the Company for its executives generally, as in effect from time to time. The Executive’s annual target bonus shall be seventy- five percent (75%) of the Base Salary (the “Target Bonus”), with a maximum annual bonus of one hundred and fifty percent (150%) of the Base Salary, with the actual amount of her bonus, if any, to be determined by the Board, in consultation with the CEO, in accordance with the Executive’s performance against performance objectives for Executive and for the Company set by the Board in consultation with the CEO. Other than provided for in Sections 5(a), 5(b), 5(d) and 5(e), the Executive, in order to be eligible to earn an annual bonus for any fiscal year occurring during the Term hereof, must be employed on the date payment of annual bonuses for that fiscal year is made to Company executives generally.

Annual Bonus. You will be eligible to receive an annual cash bonus award (the “Annual Bonus”) pursuant to the terms of the Company’s Executive Incentive Compensation Plan, based upon the extent to which any performance targets associated therewith are satisfied, as determined by the Board or its applicable committee (in either case, the “Committee”). You will have a target bonus equal to 100% of Base Salary. You will be eligible to receive an Annual Bonus beginning with respect to the fiscal year that starts June 1, 2017. The Annual Bonus shall be paid out in accordance with the terms of the Company’s Executive Incentive Compensation Plan, but in no event shall the Annual Bonus be paid later than two and a half months following the end of the calendar year that ends immediately after the fiscal year for which the Annual Bonus relates.

Annual Bonus” means the greater of (i) the Eligible Employee’s Average Bonus or (ii) the Eligible Employee’s Target Bonus, as determined immediately prior to the date of the Eligible Employee’s termination of employment.

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