Example ContractsClausesIncentive Bonus
Incentive Bonus
Incentive Bonus contract clause examples

Incentive Bonus. As an incentive to Chairman of the Board for his continuing services and contributions to the growth and profitability of Bank, Chairman of the Board shall be paid, in addition to his Adjusted Base Compensation, an Incentive Bonus as follows:

% Incentive Bonus: If Amerx net sales for the fiscal 2018 quarter meets the budgeted quarterly goal, a 2% incentive bonus will be paid on net sales growth for the quarter as follows:

Incentive Bonus. You shall be entitled to an incentive bonus of $[______] (the “Incentive Bonus”), payable as soon as administratively practicable after the execution of this Agreement.

Incentive Bonus. You shall be eligible for an annual incentive bonus with a target amount equal to 35% of your Base Salary (the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on criteria established in advance by the Board or the Compensation Committee of the Board (the “Compensation Committee”). Any incentive bonus earned by you for any fiscal year shall only be paid to you if you remain employed by the Company through the payment date for the bonus. The Company shall determine when to pay to you any earned incentive bonus, but shall in no event pay such bonus more than 21⁄2 months following the close of the fiscal year for which it is earned. Any bonus for the fiscal year in which your employment begins will be prorated, based on the number of days you are employed by the Company during that fiscal year. The determinations of the Board or the Compensation Committee with respect to such bonus shall be final and binding.

Incentive Bonus. As an incentive to Employee for his continuing services and contributions to the growth and profitability of Bank, Employee shall be paid, in addition to his Adjusted Base Compensation, an Incentive Bonus as follows:

Incentive Bonus. You will be eligible to participate in AVEO’s performance-based incentive bonus program. Your bonus target is 40% of your base annual salary and is subject to corporate and individual performance assessments. Payment of the annual bonus requires approval by the AVEO Board of Directors and is pro-rated based on your effective date of employment.

Incentive Bonus. Executive shall be entitled to participate during the Term in the ICB ANNUAL INCENTIVE COMPENSATION PLAN and in any other incentive bonus plan which the Company may adopt and implement from time to time during the Term with respect to Executive’s specific position. Nothing contained in this Section shall obligate the Company to institute, maintain or refrain from changing, amending or discontinuing any incentive bonus plan, so long as such changes are similarly applicable to other employees under such plan.

Incentive Bonus. You shall be eligible for an annual incentive bonus with a target amount equal to 40% of your Base Salary (the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on criteria established in advance by the Board or the Compensation Committee of the Board (the “Compensation Committee”). Any incentive bonus earned by you for any fiscal year shall only be paid to you if you remain employed by the Company through the payment date for the bonus. The Company shall determine when to pay to you any earned incentive bonus, but shall in no event pay such bonus more than 21⁄2 months following the close of the fiscal year for which it is earned. Any bonus for the fiscal year in which your employment begins will be prorated, based on the number of days you are employed by the Company during that fiscal year. Employees starting employment on or after October 1 are not eligible for a bonus for that fiscal year. The determinations of the Board or the Compensation Committee with respect to such bonus shall be final and binding.

Incentive Bonus. You shall be entitled to an incentive bonus of $[______] (the “Incentive Bonus”), payable in accordance with the schedule set forth in Section 2.

Incentive Bonus. You will be eligible to participate in AVEO’s performance-based incentive bonus program. Your bonus target is 40% of your base annual salary and is subject to corporate and individual performance assessments. Payment of the annual bonus requires approval by the AVEO Board of Directors and is pro-rated based on your effective date of employment.

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