Bonus. Executive will be eligible for an annual discretionary bonus of up to % of Executives Base Salary. Executives annual target bonus percentage, whether Executive receives an annual bonus for any given year, and the amount of any such annual bonus, will be determined by the Board in its sole discretion based upon the Companys and Executives achievement of objectives and milestones to be determined on an annual basis by the Board in consultation with Executive. Bonuses are generally paid by March 15 following the applicable bonus year, and Executive must be an active employee on the date any Annual Bonus is paid in order to earn any such Annual Bonus. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executives employment terminates for any reason before the date Annual Bonuses are paid.
Annual Bonus. During the Term, the Executive shall be entitled to participate in the Companys executive bonus plan, under which a discretionary bonus (the Annual Bonus) may be awarded by the Board for each calendar year, payable in cash in accordance with, and subject to the terms and conditions of, the Companys then applicable short-term bonus or other cash incentive program (each, a Bonus Program). The Executives aggregate target bonus award for each calendar year will be eligible for an annual discretionary bonus30% of up to % ofhis then Base Salary (the Target Annual Bonus). The Executives Base Salary. Executives annual target bonus percentage, whether Executive receives an annual bonus for any given year, and theactual Annual Bonus may range from a minimum amount of any such annual bonus,0% to a maximum of 30% of his Base Salary, and will be determined by the Board in its sole discretion basedCompany and will be contingent upon the Companys and Executives achievementattainment of objectives and milestones to be determined on an annual basisperformance goals reasonably established in good faith by the Board in consultation with Executive. Bonuses are generally paid by March 15 following the applicable bonus year, and Executive must be an active employee on theCompany. The target date for any Annual Bonus is paid in ordercompensation payable to earn anythe Executive shall be March 15 of the calendar year following the calendar year to which such Annual Bonus.Bonus relates, subject to the approvals required above. Such Annual Bonuses, if any, are awarded in part to incentivize the Executive will not be eligible for, and will not earn,to remain in the Companys employ, therefore it is a condition of any award that the Executive remain employed by the Company through the date the Annual Bonus (including a prorated bonus) if Executives employment terminates for any reason before the date Annual Bonuses are paid.is paid, except as set forth in Section 5 herein.
Annual Bonus. In addition to his Base Compensation, Executive willshall be eligible forto receive each year during the Term, a cash incentive payment (Bonus) in an annual discretionary bonusamount determined by the Board based on Executives individual performance, the performance of upCompany and performance goals established by the Board. The target Bonus shall be an amount equal to %75% of Executives Base Salary. Executives annual target bonus percentage, whether Executive receives an annual bonus for any given year, andCompensation in effect at the amount of any such annual bonus, willtime the Bonus is determined (Target Bonus). Such Bonus, if any, shall be determined by the Board in its sole discretion based upon the Companys and Executives achievement of objectives and milestones to be determined on an annual basis by the Board in consultation with Executive. Bonuses are generally paid bynot later than March 15 of the calendar year following the applicable bonus year, andcalendar year in which the Bonus was earned. Except as otherwise stated expressly in this Agreement, Executive must be an active employee onemployed with Company through December 31 of the date any Annualcalendar year during which the Bonus is paid in orderearned to earnreceive any such Annual Bonus. Executive will not be eligible for, and will not earn, any Annualpart of the Bonus (including a prorated bonus) if Executives employment terminates for any reason before the date Annual Bonuses are paid.payment.
Annual Bonus. Executive willshall be eligible for an annualto receive a discretionary bonus of up to % of Executives Base Salary. Executives annual target bonus percentage, whether Executive receives an annual bonus for any given year, and the amountbased on Executive’s achievement of any such annual bonus, will be determinedperformance objectives established by the Board inor its sole discretion basedCompensation Committee upon recommendation of the Companys and Executives achievement of objectives and milestonesCEO, such bonus to be determined on an annual basis by the Board in consultation with Executive. Bonuses are generally paid by March 15 followingtargeted at 40% of Executive’s Annual Base Salary (the “Annual Bonus”). If your initial date of employment is after April 1st of the applicable year, your performance bonus year, and Executive mustwill be an active employee on the date any Annual Bonus is paid in orderprorated to earn any such Annual Bonus. Executivereflect your service. If you are hired after October 1st, you will not be eligible for, and will not earn, anyfor a performance bonus in the year that you are hired. You must be employed at the Company at the time bonuses are paid to be eligible to receive such bonus. Any Annual Bonus (including a prorated bonus) if Executiveapproved by the Board, the Compensation Committee of the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment terminates for any reason beforethrough the date Annual Bonuses are paid.of approval.
Cash Bonus. ExecutiveYou will be eligible for ana discretionary annual discretionary bonus of up to %35% of ExecutiveExecutive’s Base Salary. Executives annual target bonus percentage,Salary (the “Annual Bonus”), based on previous year performance. In determining whether Executive receives an annual bonus for any given year,to grant a bonus, in its discretion, the Board of Directors of the Company will take into account your performance and milestone achievements. Bonus payments are subject to approval and discretion of the amountBoard of any such annual bonus,Directors of the Company. Performance objectives will be determined bydefined in alignment with the Board in its sole discretion based upon the Companys and Executives achievement of objectives and milestonescorporate goals. Target annual cash bonus is to be determined on an annual basis bypaid within 90 days of the Board in consultation with Executive. Bonuses are generally paid by March 15 following the applicable bonus year, andsubsequent year. Executive must beremain an active employee onthrough the dateend of any Annual Bonus is paidgiven calendar year in order to earn any such Annual Bonus. Executive will not be eligible for, and will not earn, anyan Annual Bonus (including a prorated bonus) if Executives employment terminates for any reason before the date Annual Bonuses are paid.that year.
Annual Bonus. Executive willshall also be eligible for an annual discretionary bonus of up to % of Executivesreceive, in addition to the Base Salary. Executives annual target bonus percentage, whether Executive receivesSalary, an annual bonus for any given year, andhaving a target amount equal to 55% of Executive's Base Salary ("Target Bonus"), with the actual amount of any such annual bonus, will bebeing determined by the Compensation Committee of the Board in its sole discretion based upontaking into account the CompanyCompany's performance and ExecutiveExecutive's achievement of objectives and milestonesindividual performance. In order to be determined on an annual basis by the Board in consultation with Executive. Bonuses are generally paid by March 15 following the applicable bonus year, andreceive a Target Bonus, Executive must be an active employeeemployed by Employer on the date any Annual Bonusthe bonus is paid in order to earn any such Annual Bonus. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executives employment terminates for any reason before the date Annual Bonuses are paid.
Bonus.Each calendar year, Executive will be eligible forto earn an annual discretionaryadditional cash bonus with a target bonus of up to %fifty percent (50%) of Executivethe Base Salary (the “Annual Bonus”), based upon the Board’s Base Salary. Executiveassessment of Executive’s annual target bonus percentage, whether Executive receives an annual bonus for any given year,individual performance and the Company’s attainment of targeted goals as set by the Board in its sole discretion. The actual amount of any such annual bonus,Annual Bonus will be determined by the Board (or a committee of the Board) in its sole discretion. Your receipt of the Annual Bonus shall be conditioned upon your achievement of performance objectives set by the Board in writing after consultation with you in the applicable calendar year. The Board will determine in its sole discretion based upon the Companyswhether such performance objectives have been achieved. The Annual Bonus for any given year will be payable between January 1 and Executives achievement of objectives and milestones to be determined on an annual basis by the Board in consultation with Executive. Bonuses are generally paid by March 15 in the year immediately following the applicable bonus year, and Executive must be an active employee onyear to which the date anyperformance relates. An Annual Bonus is paid in order to earn any such Annual Bonus. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus)earned if Executivesyour employment terminatesends for any reason before the date Annual Bonuses are paid.final day of the bonus year.
Annual Bonus. Executive will beis eligible for anto earn a target annual discretionary bonus of up to %100% of Executives Base Salary. Executives annual target bonus percentage, whether Executive receives an annual bonus for any given year, and the amountSalary based upon achievement of any such annual bonus, willperformance objectives to be determined by the BoardCommittee in its sole discretion basedafter conferring with Executive and payable upon the Companys and Executives achievement of objectivesthose applicable objectives, subject to minimum and milestones to be determined on an annual basismaximum limits as established by the BoardCommittee (the Annual Bonus). If the Committee, in consultation with Executive. Bonuses are generally paid by March 15 followingits sole discretion, determines the applicable bonus year, andperformance objectives are achieved in a manner that would result in a payment of the Annual Bonus (or portion thereof), such amount will be paid when practicable after the Committee determines the relevant performance objectives have been achieved, subject to Executive must be an active employeebeing employed on the date any Annual Bonusof payment; provided, however, that if the Employment Term is paidnot extended as a result of a notice from the Company or Executive to the other, Executive only shall be required to be employed on the last day of a performance period in order to earn any such Annual Bonus. Executive will not be eligible for,for the annual bonus for such performance period and will not earn, anythe annual bonus for such performance period shall be paid no later than 2 1⁄2 months following the end of such performance period . The Committee may modify the structure and performance objectives used for Annual Bonus (including a prorated bonus) if Executives employment terminates for any reason before the date Annual Bonuses are paid.determinations.
Bonus. During the Employment Period, Executive will participate in the Company’s annual bonus plan applicable to senior executives and thereunder be eligible forto receive an annual discretionarycash bonus of up to % of Executives Base Salary. Executives annual target bonus percentage, whether Executive receives an annual bonus for any given year, and(the “Bonus”) in the amount of 60% of the Base Salary upon achievement of target-level performance (the “Target Bonus”). The actual amount of any suchBonus shall be determined pursuant to the annual bonus, willbonus plan, which shall be determined by the BoardBoard. All Bonuses shall be paid in the calendar year following the calendar year to which they relate at the same time bonuses are paid to other senior executives of the Company, and the Company shall use commercially reasonable efforts to make payment of any such Bonus by March 15 of the calendar year following the calendar year to which such Bonus relates. To the extent any terms of the applicable bonus plan conflict with the terms of this Agreement, the plan’s terms shall control. In addition, the Company may amend, restate or terminate its bonus plan in its sole discretion based upon the Companyfrom time to time and Executive’s and Executives achievementreceipt of objectives and milestonesany bonus is subject to be determined on an annual basis by the Board in consultation with Executive. Bonuses are generally paid by March 15 following the applicable bonus year, and Executive must be an active employee on the date any Annual Bonus is paid in order to earn any such Annual Bonus. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executives employment terminates for any reason before the date Annual Bonuses are paid.meeting eligibility requirements.
Discretionary Bonus. For each calendar year during the Employment Period, Executive shall be eligible to receive a discretionary annual bonus subject to the terms of the bonus plan established by the Board (the “Annual Bonus”). As of the Effective Date, the Executive’s annual target bonus opportunity shall be equal to 100% of Base Salary (the “Target Bonus”), based on the achievement of performance goals established by the Board. For the 2018 calendar year, Executive will be eligible for an annual discretionary bonusa prorated Annual Bonus determined by multiplying the Annual Bonus (if any) by a fraction, the numerator of upwhich is equal to %the number of Executives Base Salary. Executives annual target bonus percentage, whetherdays Executive receives an annual bonus for any given year,works in calendar year 2018 and the amountdenominator of any such annual bonus, will be determined by the Board in its sole discretion based upon the Companys and Executives achievement of objectives and milestones to be determined on an annual basis by the Board in consultation with Executive. Bonuses are generally paid by March 15 following the applicable bonus year, and Executive must be an active employee on the date any Annual Bonus is paid in order to earn any such Annual Bonus. Executive will not be eligible for, and will not earn, any Annual Bonus (including a prorated bonus) if Executives employment terminates for any reason before the date Annual Bonuses are paid.365.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.