Annual Bonus Contract Clauses (493)

Grouped Into 26 Collections of Similar Clauses From Business Contracts

This page contains Annual Bonus clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Annual Bonus. For each calendar year that ends during the Executive's employment, the Executive shall be eligible to receive an annual incentive payment (the "Annual Bonus") based on a target bonus opportunity of 200% of Base Salary (the "Target Bonus") with greater or lesser amounts paid for performance above and below target, based upon the attainment of one or more objective performance goals established by the Board (or a committee thereof) after consultation with the Executive. The performance criteria f...or any particular year shall be provided to the Executive no later than sixty (60) days following the approval by the Board (or a committee thereof). Annual Bonuses, to the extent earned, will be paid consistent with the timing of when bonuses are paid by the Company under the Company's Annual Incentive Plan to which the applicable Annual Bonus relates. Except as otherwise provided in Section 8, payment of any Annual Bonus is contingent upon the Executive's employment through the applicable bonus payment date. View More
Found in Foley Trasimene Acquisition Corp. contract
Annual Bonus. For each calendar year that ends during the Executive's employment, the Executive shall be eligible to receive an annual incentive payment (the "Annual Bonus") based on a target bonus opportunity of 200% equal to 100% of Base Salary (the "Target Bonus") with greater or lesser amounts paid for performance above and below target, based upon the attainment of one or more objective performance goals established by the Board (or a committee thereof) after consultation with the Executive. The performa...nce criteria for any particular year shall be provided to the Executive no later than sixty (60) days following the approval by the Board (or a committee thereof). Annual Bonuses, to the extent earned, will be paid consistent with the timing of when bonuses are paid by the Company under the Company's Annual Incentive Plan to which the applicable Annual Bonus relates. Except as otherwise provided in Section 8, 7, payment of any Annual Bonus is contingent upon the Executive's employment through the applicable bonus payment date. View More
Found in Foley Trasimene Acquisition Corp. contract
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Annual Bonus. You will remain eligible to participate in the Annual Bonus Program and your target bonus payout is 30% of your base salary. The amount of this bonus will be determined in the sole discretion of the Board and may be based, in part, on the performance of the Company during the calendar year along with management's assessment of your contribution to Company goal achievement. The bonus is not earned until paid and no achieved amount of the bonus will be paid if your employment terminates for any re...ason prior to the payment date. View More
Found in Tenaya Therapeutics, Inc. contract
Annual Bonus. You will remain eligible to participate in the Annual Bonus Program and your target bonus payout is will be 30% of your base salary. The amount of this bonus will be determined in the sole discretion of the Board Committee and may be based, in part, on the performance of the Company during the calendar year along with management's assessment of your contribution to Company goal achievement. The bonus is not earned until paid and no achieved amount of the bonus will be paid if your employment ter...minates for any reason prior to the payment date. The Annual Bonus Program will be reviewed against public peer company benchmarks as soon as practical following the IPO Effective Date. View More
Found in Tenaya Therapeutics, Inc. contract
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Annual Bonus. With respect to each fiscal year of the Company commencing for the 2021 fiscal year of the Company and continuing for each subsequent fiscal year of the Company thereafter during the Term, Executive shall be eligible to earn an annual cash bonus award (the "Annual Bonus") in an amount established by the Compensation Committee or the Board, which may include all or a portion of such amount being determined based upon the achievement of performance targets established by the Compensation Committee... or the Board, in its or their discretion. The Annual Bonus, if any, shall be paid at the same time annual bonuses are paid to other senior executives of the Company generally or as otherwise determined by the Compensation Committee or the Board, but in no event later than ninety (90) days following, the end of the fiscal year in which the Annual Bonus was earned, and shall be subject to Executive being employed by the Company on January 1st of the fiscal year following the year in which such Annual Bonus relates. View More
Found in CBL & Associates Properties, Inc contract
Annual Bonus. With respect to each fiscal year of the Company commencing for the 2021 2022 fiscal year of the Company and continuing for each subsequent fiscal year of the Company thereafter during the Term, Executive shall be eligible to earn an annual cash bonus award (the "Annual Bonus") in an amount established by the Compensation Committee or the Board, which may include all or a portion of such amount being determined based upon the achievement of performance targets established by the Compensation Comm...ittee or the Board, in its or their discretion. The Annual Bonus, if any, shall be paid at the same time annual bonuses are paid to other senior executives of the Company generally or as otherwise determined by the Compensation Committee or the Board, but in no event later than ninety (90) days following, the end of the fiscal year in which the Annual Bonus was earned, and shall be subject to Executive being employed by the Company on January 1st of the fiscal year following the year in which such Annual Bonus relates. Notwithstanding any provision of this Section 4 to the contrary, Executive's Annual Bonus for the Company's 2022 fiscal year shall be $109,333*2. Executive's target Annual Bonus for the Company's 2023 fiscal year under an applicable annual cash bonus program shall be $338,000 (the "Target 2023 Annual Bonus")*3. View More
Found in CBL & Associates Properties, Inc contract
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Annual Bonus. With respect to each full fiscal year during the Employment Term (commencing with the 2020 fiscal year), Executive shall be eligible to earn an annual bonus award (an "Annual Bonus") of an amount, expressed as a percentage of Executive's Base Salary, as determined by the Board, or any duly authorized committee thereof, within the first three months of each fiscal year of the Employment Term (with it being understood that such percentage of Executive's Base Salary is the "Target"), based upon the... achievement of the performance targets established by the Board, or any duly authorized committee thereof, within the first three months of each fiscal year during the Employment Term. The Annual Bonus, if any, shall be paid to Executive within two and one-half (2.5) months after the end of the applicable fiscal year. Any Annual Bonus payable hereunder shall be determined in accordance with the terms of the Company's cash incentive plan, as currently in effect and as it may be amended from time to time, including any successor plan "(the Incentive Compensation Plan"). In the event of a Change In Control as defined in the Incentive Compensation Plan, the annual bonus may be pro-rated in accordance with the terms of the Incentive Compensation Plan. View More
Found in Chart Industries, Inc. contract
Annual Bonus. With respect to each full fiscal year during the Employment Term (commencing with the 2020 2016 fiscal year), Executive shall be eligible to earn an annual bonus award (an "Annual Bonus") of an amount, expressed as a percentage of Executive's Base Salary, as determined by the Board, or any duly authorized committee thereof, within the first three months of each fiscal year of the Employment Term (with it being understood that such percentage of Executive's Base Salary is the "Target"), based upo...n the achievement of the performance targets established by the Board, or any duly authorized committee thereof, within the first three months of each fiscal year during the Employment Term. Term and communicated to Executive in writing promptly thereafter. For the 2016 fiscal year, Executive's Target shall be 100% of Executive's Base Salary, performance targets shall be communicated in writing to Executive prior to the commencement of the Employment Term, and the amount of any bonus payment for 2016 shall be pro-rated based on the date of commencement of employment during 2016 and the Company's pro-ration schedule under the Incentive Compensation Plan. Executive's performance targets during the Employment Term shall be aligned with those established for the Company's Chief Executive Officer. The Annual Bonus, if any, shall be paid to Executive within two and one-half (2.5) months after the end of the applicable fiscal year. Any Annual Bonus payable hereunder shall be determined in 2 accordance with the terms of the Company's cash incentive plan, Cash Incentive Plan, as currently in effect and as it may be amended from time to time, including any successor plan "(the Incentive (the "Incentive Compensation Plan"). In the event of a Change In Control as defined in the Incentive Compensation Plan, the annual bonus may be pro-rated in accordance with the terms of the Incentive Compensation Plan. View More
Found in Chart Industries, Inc. contract
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Annual Bonus. (a) During the Employment Term, the Executive shall be eligible for an annual discretionary cash performance bonus (an "Annual Bonus") in respect of each calendar year that ends during the Employment Term, to the extent earned based on performance against objective performance criteria. The performance criteria for any particular calendar year shall be determined in good faith by the Board, no later than ninety (90) days after the commencement of such calendar year. The Executive's targeted Annu...al Bonus for a calendar year shall equal 55% of the Executive's Base Salary for such calendar year (the "Target Bonus") if target levels of performance for such year are achieved, with greater or lesser amounts (including zero) paid for performance above and below target (such greater and lesser amounts to be determined by a formula established by the Board for such year when it establishes the targets and performance criteria for such year); provided that the Executive's maximum Annual Bonus for any calendar year during the Employment Term shall equal 200% of the Target Bonus for such calendar year. (b) The Executive's Annual Bonus for a calendar year shall be determined by, and is subject to the discretion of, the Board after the end of the applicable calendar year based on the level of achievement of the applicable performance criteria, and shall be paid to the Executive in the calendar year following the calendar year to which such Annual Bonus relates at the same time annual bonuses are paid to other senior executives of the Company, subject to continued employment at the time of payment (except as otherwise provided in Section ‎7 hereof). 2 5. EMPLOYEE BENEFITS. (a) BENEFIT PLANS. During the Employment Term, the Executive shall be entitled to participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to and which benefit any of the senior executives of the Company, on a basis no less favorable than that applicable to any such senior executives, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided hereunder. The Executive's participation in any such employee benefit plan shall be subject to the terms of the applicable plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time, if and to the extent allowed pursuant to the terms of such plan, provided that any such amendment may have no more adverse effect on the Executive than on any other participant in such plan. The Company may provide perquisites to the Executive at the discretion of the Board. (b) VACATIONS. During the Employment Term, the Executive shall be entitled to paid vacation in accordance with the Company's policy on accrual and use applicable to employees as in effect from time to time, currently calculated as twenty-seven (27) days annually for the Executive. (c) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive shall be reimbursed in accordance with the Company's expense reimbursement policies as in effect from time to time, for all reasonable out-of-pocket business expenses incurred and paid by the Executive during the Employment Term and in connection with the performance of the Executive's duties hereunder. View More
Found in Trinseo S.A. contract
Annual Bonus. Commencing with the calendar year 2021, for each calendar year that ends during the Executive's employment, the Executive shall be eligible to receive an annual incentive payment (the "Annual Bonus") based on a target bonus opportunity of $1,000,000 (the "Target Bonus") with greater or lesser amounts paid for performance above and below target, based upon the attainment of one or more performance goals established by the Board (or a committee thereof); provided, that, subject to the last sentenc...e of this Section 4, for the calendar year 2021, the Annual Bonus (x) shall not be prorated and (y) shall be no less than the Target Bonus. Annual Bonuses, to the extent earned, will be paid no later than March 15th of the calendar year following the calendar year to which the applicable Annual Bonus relates. Except as otherwise provided in Section 7, payment of any Annual Bonus is contingent upon the Executive's employment through the applicable bonus payment date. 2 5. Executive Benefits. (a) Benefit Plans. During the Employment Term, the Executive shall be eligible for an annual discretionary cash performance bonus (an "Annual Bonus") in respect of each calendar year that ends during the Employment Term, to the extent earned based on performance against objective performance criteria. The performance criteria for any particular calendar year shall be determined in good faith by the Board, no later than ninety (90) days after the commencement of such calendar year. The Executive's targeted Annual Bonus for a calendar year shall equal 55% of the Executive's Base Salary for such calendar year (the "Target Bonus") if target levels of performance for such year are achieved, with greater or lesser amounts (including zero) paid for performance above and below target (such greater and lesser amounts to be determined by a formula established by the Board for such year when it establishes the targets and performance criteria for such year); provided that the Executive's maximum Annual Bonus for any calendar year during the Employment Term shall equal 200% of the Target Bonus for such calendar year. (b) The Executive's Annual Bonus for a calendar year shall be determined by, and is subject to the discretion of, the Board after the end of the applicable calendar year based on the level of achievement of the applicable performance criteria, and shall be paid to the Executive in the calendar year following the calendar year to which such Annual Bonus relates at the same time annual bonuses are paid to other senior executives of the Company, subject to continued employment at the time of payment (except as otherwise provided in Section ‎7 hereof). 2 5. EMPLOYEE BENEFITS. (a) BENEFIT PLANS. During the Employment Term, the Executive shall be entitled to participate in any the employee benefit plan that programs maintained by the Company has adopted or may adopt, maintain or contribute from time to and which benefit any of the senior executives of the Company, on a basis no less favorable than that applicable to any such senior executives, time, subject to satisfying the applicable eligibility requirements, except to the extent such plans are duplicative of the benefits otherwise provided hereunder. The Executive's participation in any such employee benefit plan shall will be subject to the terms of the applicable plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may amend, modify or terminate any employee benefit plan at any time, if and to the extent allowed pursuant to the terms of such plan, provided that any such amendment may have no more adverse effect on the Executive than on any other participant in such plan. The Company may provide perquisites to the Executive at the discretion of the Board. time. (b) VACATIONS. Vacations. During the Employment Term, the Executive shall be entitled to no less than twenty (20) days of paid vacation per calendar year (as prorated for partial years) in accordance with the Company's policy on accrual and use applicable to employees as in effect from time to time, currently calculated as twenty-seven (27) time. For the avoidance of doubt, the Executive may not carry forward unused vacation days annually for the Executive. from one calendar year to a future calendar year. (c) BUSINESS EXPENSES. Business and Entertainment Expenses. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time, the Executive shall be reimbursed in accordance with the Company's expense reimbursement policies as in effect from time to time, policy, for all reasonable and necessary out-of-pocket business business, travel and entertainment expenses incurred and paid by the Executive during the Employment Term and in connection with the performance of the Executive's duties hereunder. hereunder; provided, however, that the Executive shall be entitled to commercial air travel for business purposes in business or first class. (d) Legal Fees. Upon presentation of reasonable substantiation and documentation, the Company shall pay or reimburse the Executive for all legal fees incurred by the Executive in connection with the negotiation and drafting of this Agreement and the related agreements in the amount of $60,000, which will be paid within thirty (30) days following the Effective Date, subject to the Executive's continued employment with the Company at the time of such payment. (e) Indemnification. The Company hereby agrees to indemnify the Executive and hold the Executive harmless to the maximum extent permitted under Delaware law and provided for under the organizational documents of the Company and Tempo Management, LLC ("TM"), as in effect on the date hereof or as may be subsequently modified from time to time, against and in respect of any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses (including advancement of reasonable attorney's fees), losses, and damages resulting from the Executive's good faith performance of the Executive's duties and obligations with the Company. The Company will provide coverage to the Executive under a Directors & Officers liability insurance policy covering other executives of the Company. The obligations under this Section 5(e) shall survive during the Employment Term plus the applicable statute of limitations period. View More
Found in Foley Trasimene Acquisition Corp. contract
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Annual Bonus. Each year during your employment, you will be eligible to receive an annual incentive bonus with a target value equal to fifty percent (50%) of your Base Salary (each such bonus, an "Annual Bonus"). Whether you receive an Annual Bonus, and the actual amount of any such bonus, shall be determined by the Board in its sole discretion, and shall be based upon achievement of performance objectives to be mutually agreed upon between you and the Board (or duly authorized committee thereof) and other cr...iteria to be determined by the Board. Each Annual Bonus shall be paid within thirty (30) days after the Board's determination that an Annual Bonus shall be awarded and those determinations are generally made in the first quarter of the year following the applicable bonus year. You must be employed on the date that any Annual Bonus is paid in order to earn the Annual Bonus. Accordingly, if your employment ends for any reason before the Annual Bonus is paid, then you will not have earned, and will not receive, any portion of the Annual Bonus. View More
Found in SenesTech, Inc. contract
Annual Bonus. Each Effective for the fiscal year that begins on January 1, 2023, and each year thereafter during your employment, you will be eligible to receive an annual incentive bonus with a target value equal to fifty sixty percent (50%) (60%) of your Base Salary (each such bonus, an "Annual Bonus"). Whether you receive an Annual Bonus, and the actual amount of any such bonus, shall be determined by the Board in its sole discretion, and shall be based upon achievement of performance objectives to be mutu...ally agreed upon between you and the Board (or duly authorized committee thereof) and other criteria to be determined by the Board. Each Annual Bonus shall be paid within thirty (30) days after the Board's determination that an Annual Bonus shall be awarded and those determinations are generally made in the first quarter of the year following the applicable bonus year. year in connection with the completion of the Company's annual financial audit. You must be employed on the date that any Annual Bonus is paid in order to earn the Annual Bonus. Accordingly, if your employment ends for any reason before the Annual Bonus is paid, then you will not have earned, and will not receive, any portion of the Annual Bonus. View More
Found in SenesTech, Inc. contract
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