Annual Bonus. In addition to his Base Compensation, Executive shall be eligible to receive each year during the Term, a cash incentive payment (Bonus) in an amount determined by the Board based on Executives individual performance, the performance of Company and performance goals established by the Board. The target Bonus shall be an amount equal to 75% of Executives Base Compensation in effect at the time the Bonus is determined (Target Bonus). Such Bonus, if any, shall be paid not later than March 15 of the calendar year following the calendar year in which the Bonus was earned. Except as otherwise stated expressly in this Agreement, Executive must be employed with Company through December 31 of the calendar year during which the Bonus is earned to receive any part of the Bonus payment.
Annual Bonus. In addition to his Base Compensation,During the Term, the Executive shall be eligibleentitled to receiveparticipate in the Companys executive bonus plan, under which a discretionary bonus (the Annual Bonus) may be awarded by the Board for each year duringcalendar year, payable in cash in accordance with, and subject to the Term, aterms and conditions of, the Companys then applicable short-term bonus or other cash incentive payment (program (each, a Bonus Program). The Executives aggregate target bonus award for each calendar year will be 30% of his then Base Salary (the Target Annual Bonus) in an. The Executives actual Annual Bonus may range from a minimum amount of 0% to a maximum of 30% of his Base Salary, and will be determined by the Board based on Executives individual performance, the performance of Company and will be contingent upon the attainment of performance goals reasonably established in good faith by the Board.Company. The target date for any Annual Bonus compensation payable to the Executive shall be an amount equal to 75% of Executives Base Compensation in effect at the time the Bonus is determined (Target Bonus). Such Bonus, if any, shall be paid not later than March 15 of the calendar year following the calendar year to which such Annual Bonus relates, subject to the approvals required above. Such Annual Bonuses, if any, are awarded in whichpart to incentivize the Bonus was earned. Except as otherwise stated expresslyExecutive to remain in this Agreement,the Companys employ, therefore it is a condition of any award that the Executive must beremain employed withby the Company through December 31 of the calendar year during whichdate the Annual Bonus is earned to receive any part of the Bonus payment.paid, except as set forth in Section 5 herein.
Annual Bonus. In addition to his Base Compensation, Executive shall also be eligible to receive each year duringreceive, in addition to the Term,Base Salary, an annual bonus having a cash incentive payment (Bonustarget amount equal to 55% of Executive's Base Salary ("Target Bonus") in an, with the actual amount being determined by the Compensation Committee of the Board based on Executivein its discretion taking into account the Company's performance and Executive's individual performance, the performance of Company and performance goals established by the Board. The target Bonus shall be an amount equalperformance. In order to 75% of Executives Base Compensation in effect at the time the Bonus is determined (receive a Target Bonus). Such Bonus, if any, shall be paid not later than March 15 of the calendar year following the calendar year in which the Bonus was earned. Except as otherwise stated expressly in this Agreement, Executive must be employed with Company through December 31 ofby Employer on the calendar year during whichdate the Bonusbonus is earned to receive any part of the Bonus payment.paid.
Annual Bonus. In addition to his Base Compensation,During the Employment Period, the Executive shall be eligible to receive each year during the Term, a cash incentive payment (Bonusan annual target bonus (a “Bonus”) in an amountif, as reasonably determined by the Board based on Executives individual performance,or, to the extent delegated by the Board, the Committee one or more of the performance of Company and performance goals establishedtargets annually determined by the Board. The targetBoard or the Committee (“Performance Targets”) is achieved. If all of the Performance Targets are achieved, the Bonus shall be an amountwill equal to 75%not less than 40 percent of Executivethe Executive’s Base Compensation in effect atSalary (the “Target Bonus”). In the timeevent that less than all of the Performance Targets are met by Executive, the Bonus is determined (paid in respect of this paragraph may be less than the Target Bonus). Such Bonus, if any, shall be paid not later than March 15 of the calendar year following the calendar year in which the Bonus was earned.Bonus. Except as otherwise stated expresslyset forth in this Agreement,Section 5(a) hereof, the Executive must be employed withby the Company through December 31on the day any such earned Bonus is paid which shall be not later than 2½ months after the end of each calendar year. The Executive’s target bonus opportunity as a percentage of Base Salary may be reviewed periodically and adjusted in the sole discretion of the calendar year during whichBoard. After any such adjustment, the Bonus is earnedterm “Target Bonus” shall refer to receive any part of the Bonus payment.increased amount.
Annual Bonus. In addition to his Base Compensation,Each calendar year, Executive shallwill be eligible to receive each year duringearn an additional cash bonus with a target bonus of fifty percent (50%) of the Term, a cash incentive payment (BonusBase Salary (the “Annual Bonus”), based upon the Board’s assessment of Executive’s individual performance and the Company’s attainment of targeted goals as set by the Board in anits sole discretion. The actual amount of such Annual Bonus will be determined by the Board based on Executives individual performance,(or a committee of the performanceBoard) in its sole discretion. Your receipt of Company and performance goals established by the Board. The targetAnnual Bonus shall be an amount equal to 75%conditioned upon your achievement of Executives Base Compensationperformance objectives set by the Board in effect atwriting after consultation with you in the time theapplicable calendar year. The Board will determine in its sole discretion whether such performance objectives have been achieved. The Annual Bonus is determined (Target Bonus). Such Bonus, if any, shallfor any given year will be paid not later thanpayable between January 1 and March 15 in the year immediately following the year to which the performance relates. An Annual Bonus will not be earned if your employment ends for any reason before the final day of the calendar year following the calendar year in which the Bonus was earned. Except as otherwise stated expressly in this Agreement, Executive must be employed with Company through December 31 of the calendar year during which the Bonus is earned to receive any part of the Bonus payment.bonus year.
Annual Bonus. In addition to his Base Compensation, Executive shallwill be eligible for an annual discretionary bonus of up to receive each year during% of Executives Base Salary. Executives annual target bonus percentage, whether Executive receives an annual bonus for any given year, and the Term, a cash incentive payment (Bonus) in an amount of any such annual bonus, will be determined by the Board in its sole discretion based onupon the Companys and Executives individual performance, the performanceachievement of Companyobjectives and performance goals establishedmilestones to be determined on an annual basis by the Board. The target Bonus shall be an amount equal to 75% of Executives Base CompensationBoard in effect at the time the Bonus is determined (Target Bonus). Such Bonus, if any, shall beconsultation with Executive. Bonuses are generally paid not later thanby March 15 of the calendar year following the calendar year in which the Bonus was earned. Except as otherwise stated expressly in this Agreement,applicable bonus year, and Executive must be employed with Company through December 31 ofan active employee on the calendar year during which thedate any Annual Bonus is earnedpaid in order to receiveearn any part ofsuch 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 Bonus payment.date Annual Bonuses are paid.
Annual Bonus.Incentive Compensation. In addition to histhe Base Compensation,Salary, Executive shall be eligible to receiveearn an annual performance cash bonus of up to 35% of Base Salary, less applicable employment taxes and payroll deductions. This bonus is contingent upon the Executive’s achievement of performance goals for the applicable annual bonus period. Executive’s annual performance goals shall be established by the Board of Directors (or if authority is delegated by the Board, the Compensation Committee of the Board of Directors) within ninety (90) days of the beginning of each year during the Term, a cash incentive payment (Bonus) in an amountsuch year. The achievement of any performance goals shall be determined by the Board based on Executives individual performance, the performance of Company and performance goals establishedDirectors (or if authority is delegated by the Board. The target BonusBoard, the Compensation Committee of the Board of Directors). Subject to the provisions of Section 7 of this Agreement regarding payments in connection with termination of employment, in order to be eligible to receive the annual bonus pursuant to this Section 4.2, Executive must be employed on the last day of the given year for which the bonus amount is earned. Payment of each annual bonus shall be an amount equal to 75% of Executives Base Compensationmade in effect at the time the Bonus is determined (Target Bonus). Such Bonus, if any, shall be paida lump sum payment not later than March 15 of the calendar year following the calendar year infor which the Bonus wasbonus is earned. Except as otherwise stated expressly in this Agreement, Executive must be employed with Company through December 31 of the calendar year during which the Bonus is earned to receive any part of the Bonus payment.
Annual Bonus. In additionDuring the Employment Period, Executive will participate in the Company’s annual bonus plan applicable to his Base Compensation, Executive shallsenior executives and thereunder be eligible to receive each year during the Term, aan annual cash incentive payment (Bonusbonus (the “Bonus”) in anthe amount of 60% of the Base Salary upon achievement of target-level performance (the “Target Bonus”). The actual amount of any Bonus shall be determined pursuant to the annual bonus plan, which shall be determined by the Board based on Executives individual performance, the performance of Company and performance goals established by the Board. The target Bonus shall be an amount equal to 75% of Executives Base Compensation in effect at the time the Bonus is determined (Target Bonus). Such Bonus, if any,All Bonuses shall be paid not later thanin 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 into which such Bonus relates. To the Bonus was earned. Except as otherwise stated expressly inextent any terms of the applicable bonus plan conflict with the terms of this Agreement, Executive must be employed withthe plan’s terms shall control. In addition, the Company through December 31may amend, restate or terminate its bonus plan in its sole discretion from time to time and Executive’s receipt of the calendar year during which the Bonusany bonus is earnedsubject to receive any part of the Bonus payment.meeting eligibility requirements.
Annual Bonus. In addition to his Base Compensation,Incentive Compensation. During the Employment Period, Executive shall be eligible to receiveparticipate in an annual cash bonus program maintained for senior executive officers of the Company (the “Annual Incentive Program” or the “Plan”), with a minimum target annual bonus equal to 75% of Base Salary (the “Target Bonus”) for each year during the Term,Employment Period in which Executive participates in the Annual Incentive Program; provided, however, that any bonus related to calendar year 2016 # shall be prorated for the period between the Effective Date and December 31, 2016, and # shall not be less than the full amount of the bonus for the prorated period, as calculated per the terms of the Company’s existing Performance Bonus Plan. The actual amount of the annual bonus earned by and payable to Executive for any year or portion of a cash incentive payment (Bonus) in an amountyear, as applicable, shall be determined byupon the Board based on Executives individual performance, the performancesatisfaction of Companygoals and performance goalsobjectives established by the Board. The target BonusCompensation Committee pursuant to the Plan, and shall be an amount equalsubject to 75%such other terms and conditions of Executives Base Compensationthe Annual Incentive Program as in effect atfrom time to time, provided that all awards shall be designed in a manner such that the timeannual bonus will be treated as “qualified performance-based compensation” within the Bonus is determined (Target Bonusmeaning of Section 162(m) of the Internal Revenue Code, as amended (the “Code”). Such Bonus, if any,Each bonus paid under the Annual Incentive Program shall be paid notto Executive no later than March 1515th of the calendar year following the calendar year infor which the Bonus wasbonus is earned. Except as otherwise stated expressly in this Agreement, Executive must be employed with Company through December 31 of the calendar year during which the Bonus is earned to receive any part of the Bonus payment.
Annual Bonus. In addition to his Base Compensation,Bonus Compensation. During the Term, Executive shall be eligible to receive each yearan 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, a cash incentive payment (Bonus) in an amount determined byTerm and may increase such percentage as it may deem advisable (such target annual bonus, as the Board based on Executives individual performance,same may be increased, the performance of Company and performance goals established by the Board. The target Bonus shall be an amount equal to 75% of Executives Base Compensation in effect at the time the Bonus is determined (Target Bonus“Target Annual Bonus”). Such Bonus, if any, shall be paid not later than March 15 of the calendar year following the calendar year in which the Bonus was earned. Except as otherwise stated expressly in this Agreement, Executive must be employed with Company through December 31 of the calendar year during which the Bonus is earned to receive any part of the Bonus payment.
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