Example ContractsClausesAnnual Bonus Compensation
Annual Bonus Compensation
Annual Bonus Compensation contract clause examples

Annual Bonus Compensation. For each fiscal year completed during the term hereof, the Executive shall be eligible to participate in any annual bonus plan provided by the Company for its executives generally, as in effect from time to time. The Executive’s annual target bonus shall be thirty-five percent (35%) of the Base Salary, subject to adjustment upward, but not downward, from time to time by the Board in its sole discretion (the “Target Bonus”), with the actual amount of the bonus, if any, to be determined by the Board, the Compensation Committee of the Board, or the CEO in accordance with applicable performance criteria reasonably established by the Board or the CEO. In order to earn an annual bonus under this Section 4(b) for any fiscal year, the Executive must be employed by the Company on the last date of the applicable fiscal year. Any annual bonus payable hereunder will be paid at the same time as such bonuses are paid to similarly situated Company executives, but in no event later than two and one-half months following the end of the fiscal year for which the bonus is earned.

Annual Bonus Compensation. In addition to the Base Salary, in the event the Effective Date occurs prior to the CEO Appointment Date, then through the CEO Appointment Date, Employee may be awarded a discretionary bonus by the Board in connection with his employment as Executive Chairman of the Board and interim Chief Executive Officer. From and after the CEO Appointment Date, Employee will be eligible to receive an incentive bonus (the “Bonus”) with his target incentive equal to sixty percent (60%) of the target incentive of the CEO from time to time (the “Target Bonus”), or such higher amount as the Board may determine from time to time.

Annual Bonus Compensation. In addition to the Base Salary, Employee will be eligible to receive an incentive bonus (the “Bonus”) at an initial target of 90% of his Base Salary (the "Target Bonus").

Annual Bonus Compensation. In addition to the Base Salary, Employee may be awarded a discretionary bonus by the Board in connection with his employment hereunder. Employee will be eligible to receive an incentive bonus (the “Bonus”) with his target incentive equal to ninety percent (90%) of his Base Salary for the applicable year (the “Target Bonus”), or such higher amount as the Board may determine from time to time. Employee's Bonus will be prorated for any partial year of employment. Employee shall not be entitled to a bonus for 2020.

Annual Bonus Compensation. In addition to the Base Salary, Employee will be eligible to receive an incentive bonus (the “Bonus”) at an initial target of sixty percent (60%) of his Base Salary (the "Target Bonus").

Annual Bonus Compensation. In addition to the Base Salary, Employee will be eligible to receive an incentive bonus (the “Bonus”) at an initial target for 2020 of 60% of his Base Salary (the “Target Bonus”).

Annual Bonus Compensation. In addition to the Base Salary, Employee will be eligible to receive an incentive bonus (the “Bonus”) at an initial target for 2020 of 60% of his Base Salary (the “Target Bonus”).

Annual Bonus Compensation. In addition to the Base Salary, Employee may be awarded a discretionary bonus by the Board in connection with his employment as Chairman of the Board and Chief Executive Officer. Employee will be eligible to receive an incentive bonus (the “Bonus”) with his target incentive equal to ninety percent (90%) of the target incentive of the CEO from time to time (the “Target Bonus”), or such higher amount as the Board may determine from time to time. Employee's Bonus will be prorated to the extent he is not serving as Chief Executive Officer for a full calendar year.

Annual Bonus Compensation. In addition to the Base Salary, Employee will be eligible to receive an incentive bonus (the “Bonus”) at an initial target of 60% of his Base Salary (the "Target Bonus").

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