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Performance Bonuses
Performance Bonuses contract clause examples
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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.

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. Executive shall be eligible to earn an annual performance-based bonus recommended by the Chief Executive Officer and as approved by the Compensation Committee in its sole discretion. Additonally, Executive is further entitled to a bonus based on legal expense reductions which will be paid on the last day of each quarter, the calculation formula of which is set forth on the Compensation Rider attached hereto as Exhibit A.

Bonuses. Executive shall be eligible to receive a maximum annual bonus of up to 130% of Executive’s annual base salary with the amount of such bonus to be determined by the Committee or the Chief Executive Officer based upon criteria established from time to time by the Committee or the Chief Executive Officer, with such maximum being two-times the “target” bonus as used elsewhere in this Agreement.

Bonuses. Officer shall be eligible to receive a bonus for each calendar year (or portion thereof) during the term of this Agreement, with the actual amount of any such bonus to be determined in the sole discretion of the Board of Directors based upon its evaluation of Officer’s performance during such year. Beginning with the Company’s 2020 fiscal year, it is expected that Officer’s bonus opportunity shall be approximately 50% of his bonus opportunity for the 2019 fiscal year. All such bonuses shall be payable within 45 days after the end of the calendar year to which such bonus relates.

Bonuses. The Executive shall be eligible to participate in all bonus or similar incentive plans adopted by the Board. 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 35% 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. Employee shall receive only such bonuses as the Board of Directors, in its discretion, decides to pay to Employee. The Corporation shall withhold from such bonus payments amounts for state and federal income taxes, social security taxes, and such other payroll deductions as may from time to time be required by law

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