Example ContractsClausesBonus Compensation
Bonus Compensation
Bonus Compensation contract clause examples

Bonus Compensation. In addition to your base salary, you will be entitled to receive an annual bonus equal to five percent (5%) of the Company’s EBITDA for the year starting in Fiscal year 2023. The Board of Directors will review your stock and cash compensation every December, starting 2022, and may choose at their discretion to add additional stock or cash bonuses as deemed appropriate at any time during the employment on a quarterly basis.

Bonus Compensation. You also shall be eligible to receive annual bonus compensation (“Bonus”) during your employment with [[Organization A:Organization]] under this Agreement, determined and payable as follows:

Annual Bonus Compensation. During the Term, Executive shall be eligible to receive an annual bonus (the “Annual Bonus”) pursuant to the terms and conditions of the Company’s annual incentive plan for executive officers (or any successor thereto). Based upon attainment of performance goals predetermined by the Compensation Committee, Executive shall be entitled to an Annual Bonus payment at a target level of 50% of Executive’s Annual Salary. The Compensation Committee shall review the target annual bonus percentage during the Term and may increase such percentage as it may deem advisable (such target annual bonus, as the same may be increased, the “Target Annual Bonus”).

Bonus Equity Compensation. Employee shall be entitled to receive up two million (2,000,000) additional shares of its restricted common stock based solely on Employee achieving certain performance milestones (provided that such milestones are agreed to in writing by the Parties within ninety (90) days of this Agreement).

Annual Bonus Compensation. In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

Bonus and Incentive Compensation. Executive shall be entitled to participate in the Company’s incentive compensation programs as follows:

The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.

Bonus and Equity Compensation. Executive may be eligible for an annual cash bonus or equity compensation. Any such bonus or equity compensation, including applicable terms and conditions, shall be determined by the Manager of the Company in its sole discretion or the Board of Directors or the Compensation Committee of HoldCo in their sole discretion, as applicable. Executive must remain employed by the Company or HoldCo, as applicable, for the full fiscal year in order to be eligible for a bonus for that fiscal year.

Average Compensation; Allowed Bonus. “Average Compensation” means # the sum of Executive’s annual base salary and Allowed Bonus, if any, paid in each of the most recent three complete calendar years of Executive's employment by the Corporation divided by # three (or the lesser number of complete calendar years for which Executive has been employed by the Corporation). For the purpose of computing Average Compensation, the "Allowed Bonus" shall mean, for each calendar year included in the average, the sum of the amount of cash bonus paid in that year, if any, and the total grant date fair value of all restricted stock awards granted during that year, if any, (calculated as the fair market value of each share of restricted stock on the date of the award multiplied by the number of shares awarded); provided, however, that the Allowed Bonus included for any calendar year may not exceed 75% of Executive's annual base salary for that year. Average Compensation shall not include any amount,

Bonus. "Bonus" means an incentive award which, subject to such terms and conditions as may be prescribed by the Committee, entitles a Participant to receive a cash bonus payment from the Company pursuant to Article III.

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