Example ContractsClausesBonuses; Additional Compensation
Bonuses; Additional Compensation
Bonuses; Additional Compensation contract clause examples
Previous results

Additional Compensation. Tenant shall pay to Landlord, immediately upon receipt thereof, the excess of # all compensation received by Tenant for a Transfer less the actual out-of-pocket costs reasonably incurred by Tenant with unaffiliated third parties (i.e., brokerage commissions, legal fees and tenant finish work) in connection with such Transfer over # the Rent allocable to the portion of the Premises covered thereby.

Bonuses. The Executive shall be eligible to participate in all bonus or similar incentive plans adopted by the Board for executive level employees. The amount awarded, if any, to the Executive under any bonus or incentive plan shall be in the discretion of the Board or any committee administering such plan, based on its assessment of the Executive’s and the Company’s performance during the relevant period, but it is the expectation of the Company that any such bonus would be up to 50% of the Executive’s then-current annual Base Salary (the “Target Bonus”). If a bonus is awarded, unless otherwise specifically provided by the Board or committee administering such plan, it shall be paid between January 1 and March 15 of the year following the year in which such bonus was earned.

Bonuses. The Executive shall be eligible to participate in the Company’s executive bonus program in accordance with the terms of such program (as it may exist from time to time) and in the discretion of the Compensation Committee of the Company’s Board of Directors (“Board”) administering such program.

Bonuses. The Executive shall be eligible to participate in the Company’s executive bonus program in accordance with the terms of such program (as it may exist from time to time) and in the discretion of the Compensation Committee of the Company’s Board of Directors (“Board”) administering such program.

Bonuses. The Executive shall be eligible to participate in the Company’s executive bonus program in accordance with the terms of such program (as it may exist from time to time) and in the discretion of the Compensation Committee of the Company’s Board of Directors (“Board”) administering such program.

Bonuses. Employee will be eligible to participate in the Company’s annual cash incentive plan for its Employees, at the sole discretion of the Board.

Bonuses. The Executive shall be eligible to participate in the Company’s executive bonus program in accordance with the terms of such program (as it may exist from time to time) and in the discretion of the Compensation Committee of the Company’s Board of Directors (“Board”) administering such program.

Bonuses. During the Term of Employment, the Executive shall participate in the Company’s annual incentive compensation plan, program and/or arrangements applicable to senior-level executives, as established and modified from time to time by the Compensation Committee of the Board in its sole discretion. During the Term of Employment, the Executive shall have a target bonus opportunity under such plan or program equal to 55% of his current Base Salary (the “Target Bonus”), based on satisfaction of performance criteria to be established by the Compensation Committee of the Board within the first three months of each fiscal year that begins during the Term of Employment. Payment of annual incentive compensation awards shall be made in the same manner and at the same time that other senior-level executives receive their annual incentive compensation awards, but in no event later than 2 ½ months following the last day of the applicable Company fiscal year, and, except as otherwise provided herein, will be subject to the Executive’s continued employment through the last day of the applicable Company fiscal year.

Bonuses. Any bonuses that the Board Member shall be entitled to, if any, shall be listed on Exhibit A. Unless stated explicated otherwise, all bonuses shall only be as approved by the Board of Directors of the Company in their sole and absolute discretion.

Bonuses. Executive shall be eligible to receive an annual discretionary bonus (the “Annual Bonus”) for each fiscal year of the Company ending during the term of this Agreement (subject to pro-ration for any partial fiscal year of employment) with the actual amount of any Bonus payable determined by the Board in its sole discretion. The Annual Bonus, if any, shall be paid in a lump sum, as soon as practicable following the end of the Company’s fiscal year to which the Bonus relates and in all events prior to March 15th of such year. Executive must be employed by the Company on the date the Bonus is paid to be eligible to receive the Bonus. Notwithstanding the foregoing, during the first year of Executive’s employment, the Company agrees to pay him a cash sign-on bonus of $75,000 (the “Sign-on Bonus”), payable in two equal installments # 50% on the first payroll date following the Effective Date (the “First Bonus Payment Date”) and # 50% on the first payroll date following the sixth month anniversary of the Effective Date (the “Second Bonus Payment Date”), provided that Executive is employed by the Company on each such bonus payment date, and if Executive voluntarily terminates his employment after the First Bonus Payment Date and prior to the Second Bonus Payment Date, Executive agrees to pay the Company the portion of the Sign-on Bonus paid on the First Bonus Payment Date.

Next results

Draft better contracts
faster with AllDrafts

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.