Additional Bonus Compensation Clause Samples
The Additional Bonus Compensation clause establishes the terms under which an employee or contractor may receive extra financial rewards beyond their standard salary or agreed-upon fees. This clause typically outlines the criteria for earning such bonuses, which may be tied to achieving specific performance targets, company milestones, or other measurable objectives. By clearly defining the conditions and methods for awarding additional compensation, the clause incentivizes high performance and helps prevent disputes over bonus eligibility or calculation.
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Additional Bonus Compensation. The Company reserves the right to recognize and reward special contributions Executive may make to the Company. The Company may, from time to time and at any time, pay, or cause to be paid, to Executive such bonus compensation, if any, as the Board may, in its sole and absolute discretion, determine to be appropriate.
Additional Bonus Compensation. The Company shall pay the Executive, at such time as other participants in the Bonus Plan are paid their respective bonuses, in respect of each of the two (2) Bonus Plan years immediately following the Termination Year, an amount equal to the greater of (A) the Executive's Target Bonus for the Termination Year; and (B) the Executive's actual annual incentive compensation paid or payable with respect to the plan year immediately preceding the Termination Year (whether or not deferred), provided that any actual bonus paid or payable in respect of calendar year 2004 shall be disregarded for purposes of this calculation, and provided, further, that the Company shall pay in respect of the last of such Bonus Plan years only a pro rata share of such annual bonus equal to the product of such bonus and a fraction, the numerator of which is the number of days during the Termination Year through and including the Termination Date and the denominator of which is 365;
Additional Bonus Compensation. For each calendar year in which Employer’s EBITDA projections for Acquired Products are exceeded by 25% or more, Employer may pay Employee, within 90 days after the end of that year, an additional bonus (“Additional Bonus Compensation”) in a target amount of $175,000 (less all required tax withholding), provided that the Board is otherwise satisfied with the performance of both the Employee and the Employer. The foregoing notwithstanding, subject to the approval of the Employee (which shall not be unreasonably withheld or delayed), the criteria for each of the bonuses described in this Section 2(c) may be modified from time to time by the Board to include alternate targets and milestones.
Additional Bonus Compensation. You will be eligible to earn an annual discretionary bonus, with a target of fifty percent (50%) of the Base Salary (each, an “Annual Bonus”), as determined in the sole discretion of the Board, which will be based on a combination of factors including the growth of Refficiency Parent LLC and individual goals and targets. The Annual Bonus (if any) will be payable by the later of (i) fifteen (15) days following the close of the Company’s and its Affiliates’ annual audit for the year for which the Annual Bonus is earned and (ii) March 31 following the year for which the Annual Bonus is earned (and in all events between January 1 and December 31 following the year for which the Annual Bonus is earned). Except as provided in Section 5(b). you must be employed through the end of the applicable fiscal year in order to be eligible for the Annual Bonus in respect of such fiscal year.
Additional Bonus Compensation. Upon the closing of a Liquidity Event, the Company shall pay (or arrange for the payment) to Executive in cash the sum equal to four percent (4%) of the Gross Closing Proceeds (the “Liquidity Bonus”), subject to a cumulative cap of $750 million for payment of the Liquidity Bonus and any liquidity bonus payable to ▇▇▇▇▇▇▇ ▇▇▇▇, Jr..
Additional Bonus Compensation. Executive shall be eligible to participate in the annual incentive bonus programs available to officers of Employer and will be eligible to receive other incentive compensation in accordance therewith as determined on an annual basis by the Compensation and Benefits Committee of the Board of Directors of Employer.
Additional Bonus Compensation. The “Additional Bonus Compensation” as more particularly set forth in Section 2.2(c) of the Amendment to Employment Agreement by and between the Company and Executive dated March 16, 2017 shall remain in full force and effect and is by this reference fully restated herein.
Additional Bonus Compensation. You will be eligible to earn an annual discretionary bonus, with a target of sixty percent (60%) of the Base Salary (each, an “Annual Bonus”), as determined in the sole discretion of the Board, which will be based on a combination of factors including the growth of Refficiency Parent LLC and individual goals and targets. For the 2021 Annual Bonus plan year, you will be eligible for a pro-rated amount based on four months of employment. The Annual Bonus (if any) will be payable by the later of (i) fifteen (15) days following the close of the Company’s and its Affiliates’ annual audit for the year for which the Annual Bonus is earned and (ii) March 31 following the year for which the Annual Bonus is earned (and in all events between January 1 and December 31 following the year for which the Annual Bonus is earned). Except as provided in Section 5(b), you must be employed through the end of the applicable fiscal year in order to be eligible for the Annual Bonus in respect of such fiscal year.
Additional Bonus Compensation. Discretionary at the sole determination of the Client.
Additional Bonus Compensation. Upon the occurrence of the Next Qualified Financing (defined below), Executive shall be paid a one-time bonus in an amount equal to $8,333.33 for each calendar month (pro-rated for any partial calendar month) between August 8, 2013 and the date upon which the Next Qualified Financing occurs, provided that payment of such bonus shall be subject to and contingent upon Executive continuing to provide services to the Company under the Employment Agreement, as amended, at the time such bonus is paid. Executive shall be paid the bonus contemplated by this Section 2 in cash, less required deductions for state and federal withholding tax, social security and all other employment taxes and payroll deductions, within thirty (30) days of the completion of the Next Qualified Financing. As used herein, the term “Next Qualified Financing” shall mean any transaction or series of transactions occurring on or after August 9, 2013 involving the sale of debt or equity securities of the Company (including any cash received by the Company from the exercise of Series B Preferred Stock warrants) for bona fide capital raising purchase with an aggregate gross proceeds of at least $5,000,000.