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Bonus
Bonus contract clause examples

Bonus. During the Term, Executive will be eligible to participate in an annual incentive program established by the Board. Executive’s annual incentive compensation under such incentive program (the “Annual Bonus”) shall be targeted at 40% of Executive’s Annual Base Salary. The Annual Bonus payable under the incentive program shall be based on the achievement of performance goals to be determined by the Board and may be pro-rated for any partial year of employment. The payment of any Annual Bonus pursuant to the incentive program shall be subject to Executive’s continued employment with the Company through the date of payment, except as otherwise provided in Section 4(b).

Bonus. The Company shall make a lump sum cash payment to Executive equal to two times the lesser of: # the Executive’s target bonus amount for the fiscal year in which Executive’s Employment Termination occurs, or # the bonus the Executive earned in the prior fiscal year; provided, however, that if the target bonus amount for the fiscal year has not yet been determined as of the date of the Executive’s Employment Termination, then the bonus amount payable hereunder shall be calculated based on the Executive’s target bonus amount for the previous fiscal year, regardless of whether such bonus was actually earned.

[•••]Bonus. The Company will pay $56,400 to you as an additional bonus [•••] if the Company, on or before March 31, 2021 [•••]. This [•••] Bonus is approximately equal to 30% of your target annual bonus for 2020. The [•••] Bonus will be # due only if you are employed by the Company at the time [•••] , and # paid only once.

Bonus. Executive may participate in any Company bonus plan the Company may adopt for senior management subject to the terms, conditions, and any eligibility requirements that may exist in such plan or plans. Executive’s annual incentive compensation under such bonus plan (the “Annual Bonus”) shall be targeted at Forty Percent (40%) of Executive’s Base Salary effective as of January 1, 2021 (such target, as may be increased by the Board from time to time, the “Target Annual Bonus”). The Annual Bonus payable under the bonus plan shall be based on the achievement of performance goals to be determined by the Board. The payment of any Annual Bonus pursuant to the bonus plan shall be subject to Executive’s continued employment with the Company through the date of payment.

Bonus. Executive may participate in any Company bonus plan the Company may adopt for senior management subject to the terms, conditions, and any eligibility requirements that may exist in such plan or plans. Executive’s annual incentive compensation under such bonus plan (the “Annual Bonus”) shall be targeted at Forty Percent (40%) of Executive’s Base Salary effective as of January 1, 2021 (such target, as may be increased by the Board from time to time, the “Target Annual Bonus”). The Annual Bonus payable under the bonus plan shall be based on the achievement of performance goals to be determined by the Board. The payment of any Annual Bonus pursuant to the bonus plan shall be subject to Executive’s continued employment with the Company through the date of payment.

Bonus. The Executive will be eligible to receive an annual bonus pursuant to such factors or criteria as determined by the Company from time to time (“Annual Bonus”). For calendar year 2020, the amount of Annual Bonus for which Executive will be eligible will be determined in the sole discretion of the Company. Beginning with calendar year 2021, the Executive’s target Annual Bonus will be $200,000 and the Company will have the discretion to determine, on either a prospective or retrospective basis, the factors or criteria, including performance goals, which must be met for such Annual Bonus to be paid to the Executive for each applicable calendar year. The Annual Bonus will be paid in the year following the end of the calendar year performance period, as soon as practicable after the completion of the Company’s year-end audited financial statements.

Bonus. Executive shall participate in any bonus plan that the Board or its designee may approve for similarly-situated employees of the Company. Executive’s target bonus under the Company’s annual bonus plan shall be thirty percent (30%) of Executive’s base salary (the “Target Bonus”). Except as expressly provided in this Agreement or in the terms of the annual bonus plan, and subject to Section 4(b)(ii) below, Executive’s receipt of an annual bonus shall be conditioned on Executive’s continued employment with the Company on the date such annual bonus is paid. Notwithstanding the foregoing, Executive’s annual bonus for 2020 shall in no event be less than his Target Bonus for such year and shall be paid on or before March 15, 2021.

Bonus. The Executive shall be entitled to participate in the Company’s annual incentive bonus plan in accordance with its terms as may be in effect from time to time and subject to such other terms as the Board or the Compensation Committee may approve. For each fiscal year, the Executive shall be eligible to receive a target annual bonus opportunity of 70% of the Executive’s Base Salary. The annual incentive bonus plan for the fiscal year ending June 30, 2021 shall be administered in accordance with its existing terms.

Bonus. Executive shall be entitled to participate in an annual incentive bonus program applicable to other most senior executives of the Post-Transaction Corporation and its Affiliates but in no event shall such program provide the Executive with incentive opportunities less favorable than the most favorable of those provided by the Company and its Affiliates for the Executive under the Company’s annual cash plan as in effect for Executive at any time during the 120-day period immediately preceding the Change of Control or, if more favorable to the Executive, those provided generally at any time after the Change of Control to other most senior executives of the Post-Transaction Corporation and its Affiliates. Any such bonus shall be paid in cash no later than two and a half months following the close of the fiscal year for which it is earned.

Bonus. At the end of each fiscal year, the Committee shall evaluate the Executive’s and the Company’s performance for consideration of a subjective cash and/or equity bonus. Such subjective bonus, if any, shall be determined solely in the discretion of the Committee and shall be paid by the later of February 28th or fifteen days after the company’s audited financial statement for the prior fiscal year are distributed to the Board. For purposes of clarity, the Committee, in exercising its reasonable discretion, can determine not to award a bonus to Executive.

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