Example ContractsClausesCash Bonus
Cash Bonus
Cash Bonus contract clause examples

Cash Bonus. You will be eligible for a discretionary annual bonus of up to 35% of Executive’s Base Salary (the “Annual Bonus”), based on previous year performance. In determining whether 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 Board of Directors of the Company. Performance objectives will be defined in alignment with the corporate goals. Target annual cash bonus is to be paid within 90 days of the subsequent year. Executive must remain an active employee through the end of any given calendar year in order to earn an Annual Bonus for that year.

Cash Bonus. Executive shall be eligible for a discretionary annual bonus of up to forty percent (40%) of Executive’s Base Salary, based on the attainment of individual performance objectives, corporate goals and milestone achievements established by the Board for the previous performance year (the “Annual Bonus”).

Cash Bonus. For the fiscal year of the Company ending December 31, 2022, and for each fiscal year thereafter during the Term (each, a “Fiscal Year”), Executive shall receive a cash bonus (“Cash Bonus”) from the Company in the amount of Seven Hundred Fifty Thousand Dollars ($750,000), provided that the Company achieves the Adjusted Funds From Operations (as defined below) benchmarks for such Fiscal Year as set forth in an annual budget approved by the Board and agreed to by Executive for each such Fiscal Year (the “Bonus Criteria”). Solely in the event that the Company either # exceeds the Bonus Criteria for a particular Fiscal Year, or # does not achieve the Bonus Criteria for a particular Fiscal Year, the Compensation Committee of the Board (the “Compensation Committee”) may, in its sole discretion, increase (in the case of (b)(i) of this paragraph) or decrease to as low as zero (in the case of (b)(ii) of this paragraph) the Cash Bonus for that Fiscal Year. Any Cash Bonus earned and payable for each Fiscal Year shall be paid to Executive following the completion of the Company’s annual audit but not later than June 30 following the end of such Fiscal Year, but only if Executive remains employed through the day immediately following the end of such Fiscal Year. “Adjusted Funds From Operations” means the Company’s funds from operations calculated in accordance with the guidelines published by the National Association of Real Estate Investment Trusts, as adjusted for straight-lined rent, amortization of other intangible assets, mark to market debt adjustments, financing costs, the Company’s realized gain from an investment in a limited partnership, and stock compensation expense. The Cash Bonus to be paid for any Fiscal Year shall be recommended by the Compensation Committee to the Board for its approval.

Cash Bonus. During the Term, Executive shall be eligible to receive a target cash bonus in the amount of $1,500,000 (the “Conversion Bonus”), which amount shall be increased or decreased based on the achievement of run rate synergies in accordance with the scale set forth on Exhibit A hereto. Promptly following the first anniversary of the Effective Date (the “First Anniversary”), the Company shall determine the run rate synergies achieved on the First Anniversary and shall pay Executive the corresponding Conversion Bonus (the “First Anniversary Bonus Payment”). Promptly following the Second Anniversary, the Company shall determine the run rate synergies achieved on the Second Anniversary and shall pay Executive an amount equal to the corresponding Conversion Bonus less the amount of the First Anniversary Bonus Payment (the “Second Anniversary Bonus Payment”). If the Term extends beyond the Second Anniversary pursuant to Section 2 hereof, upon termination of the Extended Term, the Company shall determine the run rate synergies achieved on the termination date of such Extended Term and shall pay an amount equal to the corresponding Conversion Bonus less the amount of the First Anniversary Bonus Payment and the Second Anniversary Payment. Any such payments shall be paid within thirty (30) days of the determination of the amount owed. For the avoidance of doubt, the maximum cash bonus that Executive may be entitled to receive pursuant to the terms of this Section 5(c) is $1,800,000. The Conversion Bonuses shall be fully earned and not subject to any contingency on the First Anniversary Date, Second Anniversary Date, or the date of the termination of the Extended Term, as applicable, regardless of the date the final calculation of such bonus amount is determined.

Cash Bonus. If you are subject to an Involuntary Termination, then the Company will pay you a lump-sum in cash equal to the greater of # your target bonus for the year in which the Involuntary Termination occurs or # the actual bonus paid to you with respect to the Company's most recently completed fiscal year. Such payment will be made within 60 days after your Separation; however, if such 60-day period spans two calendar years, then the payment will in any event be made in the second calendar year.

Cash Bonus. You will be eligible for a discretionary annual bonus of up to 35% of Executive’s Base Salary (the “Annual Bonus”), based on previous year performance. In determining whether 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 Board of Directors of the Company. Performance objectives will be defined in alignment with the corporate goals. Target annual cash bonus is 35% of Base Salary to be paid within 90 days of the subsequent year. Executive must remain an active employee through the end of any given calendar year in order to earn an Annual Bonus for that year.

Cash Bonus. Subject to Section 1(f)(iii) below, Employee will receive a lump sum cash payment equal to the aggregate value of the shares of the Company’s common stock subject to any Company performance-based equity award held by Executive as of the Termination Date that otherwise would have vested based on actual achievement of the applicable performance metrics for 2018 as determined by the Company’s compensation, nominating, and governance committee of its board of directors (the “Committee”) had Employee remain employed with the Company through the “Vesting Date” (as defined in the applicable award agreement) that immediately follows the Committee’s certification of the 2018 performance metrics (the “Additional Bonus”). The Additional Bonus will be paid, less applicable withholding, within 10 business days of the date the Committee certifies the achievement of the 2018 performance metrics, but not later than March 15, 2019.

Cash Bonus. Subject to Section 1(f)(iii) below, Employee will receive a lump sum cash payment equal to the aggregate value of the shares of the Company’s common stock subject to any Company performance-based equity award held by Executive as of the Termination Date that otherwise would have vested based on actual achievement of the applicable performance metrics for 2018 as determined by the Company’s compensation, nominating, and governance committee of its board of directors (the “Committee”) had Employee remain employed with the Company through the “Vesting Date” (as defined in the applicable award agreement) that immediately follows the Committee’s certification of the 2018 performance metrics (the “Additional Bonus”). The Additional Bonus will be paid, less applicable withholding, within 10 business days of the date the Committee certifies the achievement of the 2018 performance metrics, but not later than March 15, 2019.

Cash Bonus Incentives. Executive shall be entitled to participate in such annual and/or long-term cash incentive compensation plans and programs of Orion as are generally provided to the senior executives of Orion, as determined by the Board in its discretion. Any cash bonuses payable to Executive will be paid at the time Orion normally pays such bonuses to its senior executives and will be subject to the terms and conditions of the applicable cash incentive compensation plans and programs, as determined by the Board in its discretion.

Annual Cash Bonus. If you remain employed through the date that annual bonuses are paid by the Company, you will be eligible to participate in the Company’s discretionary annual bonus program with your annual target bonus opportunity equal to seventy percent (70%) of base salary, which may be prorated according to your start date for Fiscal Year 2021. The Compensation Committee (the “Committee”) of the Board of Directors of Holdings (the “Board”) will determine the amount of your award based on its assessment of a number of factors including Company and individual performance, in consultation with the CEO.

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