BASE COMPENSATION AND TARGET BONUS Sample Clauses

The "Base Compensation and Target Bonus" clause defines the employee's regular salary and outlines the eligibility and structure for any performance-based bonus. Typically, this clause specifies the fixed annual or monthly salary amount and details the criteria, timing, and calculation method for the target bonus, such as achieving certain performance goals or company milestones. Its core function is to provide clear expectations regarding the employee's pay and potential incentive earnings, ensuring both parties understand the compensation framework and reducing the risk of disputes over pay.
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BASE COMPENSATION AND TARGET BONUS. During the term of his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Four Hundred Thousand Dollars ($400,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual compensation specified in this Section 3, together with any increases in such compensation that the Company may grant from time to time, is referred to in this Agreement as "Base Compensation.") In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company's annual bonus plan with a target bonus percentage of at least sixty percent (60%) of Base Compensation.
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BASE COMPENSATION AND TARGET BONUS. During the term of his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Five Hundred Fifteen Thousand Dollars ($515,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least seventy-five percent (75%) of Base Compensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)
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BASE COMPENSATION AND TARGET BONUS. During the term of his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Four Hundred Thousand Dollars ($400,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least seventy-five percent (75%) of Base Compensation beginning with the 2005 fiscal year and for each subsequent fiscal year. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time, is referred to in this Agreement as “Annual Target Bonus.”)
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BASE COMPENSATION AND TARGET BONUS. During the term of Employee’s employment under this Agreement, the Company agrees to pay Employee as compensation for Employee’s services a base salary at an annual rate of Three Hundred Fifty-Five Thousand Dollars ($355,000), or at such higher rate as the Company may determine from time to time in its sole discretion. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of Employee’s employment under this Agreement, the Company agrees that Employee shall participate in the Company’s written annual bonus plan, pursuant to the terms and conditions of such plan, with a target bonus percentage of at least forty percent (40%) of Base Compensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)
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BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Seven Hundred Thousand Dollars ($700,000), or at such higher rate as the Board may determine from time to time in its sole discretion. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of at least one hundred percent (100%) of Base Compensation beginning with the 2008 fiscal year and for each subsequent fiscal year. (The annual target bonus percentage specified in this Section 3, as increased by the Board from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)
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BASE COMPENSATION AND TARGET BONUS. The Company agrees to compensate the Employee under this Agreement as follows:
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BASE COMPENSATION AND TARGET BONUS. Commencing April 1, 2003 and during the term of his employment under this Agreement, the Company agrees to pay the Employee as compensation for his services a base salary at an annual rate of Nine Hundred Thousand Dollars ($900,000), or at such higher rate as the Compensation Committee may determine from time to time. Once the Compensation Committee has increased such salary, it thereafter shall not be reduced. Such salary shall be payable in accordance with the Company's standard payroll procedures. (The annual rate of base salary specified in this Section 3, as increased by the Compensation Committee from time to time, is referred to in this Agreement as "Base Compensation.") In addition, during the term of his employment under this Agreement (including without limitation with respect to any fiscal year that ends on the Retirement Date), the Company agrees that the Employee shall participate in the Company's annual bonus plan with a target bonus percentage of one hundred percent (100%) of Base Compensation, or at such higher percentage as the Compensation Committee may determine from time to time. (The annual target bonus percentage specified in this Section 3, regardless of whether any actual bonus plan is in effect for any fiscal year, as increased by the Compensation Committee from time to time, is referred to in this Agreement as "Annual Target Bonus.")
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Related to BASE COMPENSATION AND TARGET BONUS

  • Base Compensation During the time that Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $333,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.

  • Target Bonus “Target Bonus” shall mean Employee’s annual bonus, assuming 100% “on target” satisfaction of any objective or subjective performance milestones.

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.