Incentive Bonus Contract Clauses (48)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Incentive Bonus clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Incentive Bonus. The Committee shall establish the performance criteria and level of achievement versus these criteria that shall determine the amount payable under an Incentive Bonus, which may include a target, threshold and/or maximum amount payable and any formula for determining such, and which criteria may be based on performance conditions in accordance with Section 12 of the Plan. The Committee may specify the percentage of the target Incentive Bonus that is intended to satisfy the requirements for "perf...ormance-based compensation" under Section 162(m) of the Code. Notwithstanding anything to the contrary herein, the performance criteria for any portion of an Incentive Bonus that is intended by the Committee to satisfy the requirements for "performance-based compensation" under Section 162(m) of the Code shall be a measure based on one or more Qualifying Performance Criteria (as defined in Section 12(b)) selected by the Committee and specified at the time the Incentive Bonus is granted. (b) Timing and Form of Payment. The Committee shall determine the timing of payment of any Incentive Bonus. Payment of the amount due under an Incentive Bonus may be made in cash or in Common Stock, as determined by the Committee. View More
Found in HERBALIFE NUTRITION LTD. contract
Incentive Bonus. The Committee shall establish the performance criteria and level of achievement versus these such criteria that shall determine the amount payable under an Incentive Bonus, which may include a target, threshold and/or maximum amount payable and any formula for determining such, such achievement, and which criteria may be based on performance conditions in accordance with Section conditions. 12 of the Plan. The Committee may specify the percentage of the target Incentive Bonus that is intended to... satisfy the requirements for "performance-based compensation" under Section 162(m) of the Code. Notwithstanding anything to the contrary herein, the performance criteria for any portion of an Incentive Bonus that is intended by the Committee to satisfy the requirements for "performance-based compensation" under Section 162(m) of the Code shall be a measure based on one or more Qualifying Performance Criteria (as defined in Section 12(b)) selected by the Committee and specified at the time the Incentive Bonus is granted. (b) Timing and Form of Payment. The Committee shall determine the timing of payment of any Incentive Bonus. Payment of the amount due under an Incentive Bonus may be made in cash or in Common Stock, as determined by the Committee. (c) Discretionary Adjustments. Notwithstanding satisfaction of any performance goals and, the amount paid under an Incentive Bonus on account of either financial performance or personal performance evaluations may be adjusted by the Committee on the basis of such further considerations as the Committee shall determine. View More
Found in Foundation Building Materials, Inc. contract
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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. Payment of the Incentive Bonus is separate from, and in addition to, your regular salary and benefits and therefore, this Agreement is not subject to the terms and conditions contained in any employment contract, offer letter or other employment communication or policy. However, the Incentive Bonus will be taken into account by t...he Board of Directors of the Company in evaluating your total compensation at year-end. View More
Found in Amplify Energy Corp contract
Incentive Bonus. You shall be entitled to an incentive bonus of $[______] (the "Incentive Bonus"), payable as soon as administratively practicable after in accordance with the execution of this Agreement. schedule set forth in Section 2. Payment of the Incentive Bonus is separate from, and in addition to, your regular salary and benefits and therefore, this Agreement is not subject to the terms and conditions contained in any employment contract, offer letter or other employment communication or policy. However,... the Incentive Bonus will be taken into account by the Board of Directors of the Company or management in evaluating your total compensation at year-end. View More
Found in Amplify Energy Corp contract
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