Incentive Bonus. During the Agreement Period, Executive shall be eligible to participate in the Incentive Bonus Plan in effect for officers and executives of the Company (the “Incentive Bonus Plan”), under which Executive will receive a performance-based bonus the amount of which, if any, will be determined and paid based upon satisfaction of criteria determined for each calendar year for officers and executives by the Compensation and Talent Committee, provided the Executive is employed by the Company at the time payment is due. During the Agreement Period, Executive’s stated payout percentage under the Incentive Bonus Plan will be a target of 40% of Base Salary, prorated for the portion of the fiscal year during which Executive is employed by the Company. Any bonus amounts payable to Executive under the Incentive Bonus Plan shall be paid to Executive at the same time as annual bonuses are paid to the Company’s other executive officers after the end of the year in which the bonus was earned.
Incentive Bonus. As an incentive to Executive Vice President for her continuing services and contributions to the growth and profitability of Bank, Executive Vice President shall be paid, in addition to her Adjusted Base Compensation, an Incentive Bonus as follows:
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. You are entitled to participate in the Company’s Amended and Restated 2016 Executive Incentive Compensation Plan, in accordance with the terms contained therein, and in any successor plan adopted by the Company from time to time (if applicable the “Incentive Bonus”). However, You agree that the failure of the Company to award any such bonus and/or other incentive compensation shall not give rise to any claim against the Company. The Company, in its sole discretion, may adjust, modify or discontinue any bonus plan or program applicable to You from time to time during the Term.
Incentive Bonus. Executive shall be eligible for a yearly incentive bonus (“Incentive Bonus”) equal to 10% of the net income of the Company and its current and existing and subsequently acquired or organized subsidiaries (“Subsidiaries”), determined annually on a consolidated basis by the Company’s independent accounting firm, beginning with the Company’s fiscal year ending December 31, 2022 and each fiscal year thereafter during the term of this Agreement. The determination of the net profits made by the independent accounting firm employed by the Company shall be final and binding upon Executive and the Company. The Incentive Bonus payment shall be made within thirty (30) days after the Company’s independent accounting firm has concluded its audit. If the final audit is not prepared within ninety (90) days after the end of the fiscal year, then the Company shall make a preliminary payment equal to fifty percent (50%) of the amount due based upon the net profits preliminarily determined by the independent accounting firm, subject to payment of the balance, if any, promptly following completion of the audit by Company’s independent accounting firm.
TagStation/NextRadio Incentive Stock Bonus. If Employer determines in its sole and absolute discretion that the free cash flow of Employer’s TagStation/NextRadio business equals or exceeds Ten Million Dollars ($10,000,000) in any twelve month period during the Term, Employer shall issue to Executive within ten (10) days after February 28, 2019, five hundred thousand (500,000) Shares, provided that Employer shall withhold a sufficient number of Shares (not exceeding the minimum number required to be so withheld unless Executive requests withholding at a higher rate not to exceed Executive’s estimated total tax liability with respect to such Shares) to satisfy all federal, state and local withholding requirements.
Participant’s Annual Incentive Target Bonus. A Participant’s annual incentive bonus opportunity is established as a percentage of his or her base salary (“Target Bonus”). Participants will be notified of their Target Bonus during the first quarter of a Plan Year or as reasonably practical after the commencement of the Plan Year (or, for new hires or transfers into eligible positions during the year, at or around the time of such eligibility) or after any amendment to the Plan. In addition to continued employment, the Target Bonus is earned on the basis of financial targets and individual performance, as described below. In no event may a Participant earn more than 150% of his or her Target Bonus.
For each full calendar year during the Employment Period, Executive shall be eligible to earn an annual performance bonus of up to one hundred percent (100.0%) of Executive’s Base Salary (the “Performance Bonus”) based on achievement of Performance Bonus criteria as established by the Compensation Committee of the Board (the “Compensation Committee”) and communicated to Executive. For the partial 2018 year, Executive shall be eligible for a Performance Bonus of up to $170,000.00 at target performance, up to $210,000.00 at “outperform” performance, with a minimum non-discretionary Performance Bonus of $100,000.00. Subject to Executive’s continuous employment with the Company through December 31 of the year in which the Performance Bonus is earned, the Performance Bonus shall be paid no later than March 15 of the year following the year for which it is earned.
Long Term Incentive Cash Bonus. The Executive shall be eligible for and entitled to long term incentive compensation cash bonus awards in accordance with, and to the extent provided in, the terms and provisions of the Bonus Agreement.
. Executive shall be eligible to receive a bonus or other incentive compensation as may be determined by the Board or a committee of the Board based upon such factors as the Board or such committee, in its sole discretion, may deem relevant, including, without limitation, the performance of Executive and the Company; provided, however, that the Board or a committee of the Board shall establish for each fiscal year of the Company a bonus program in which Executive shall be entitled to participate, which bonus program provides Executive with a reasonable opportunity, based on the performance of the Company, the past compensation practices of the Company and Executive’s then base salary, to maintain or increase Executive’s total compensation compared to the previous fiscal year.
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