Bonuses and Incentive Payments Clause Samples

The Bonuses and Incentive Payments clause defines the terms under which additional compensation beyond base salary may be awarded to an employee. It typically outlines the criteria for earning bonuses, such as meeting specific performance targets, achieving sales goals, or contributing to company objectives, and may specify the timing and method of payment. This clause serves to motivate employees by linking extra pay to measurable achievements, thereby aligning individual performance with organizational goals and providing a clear framework for rewarding exceptional work.
Bonuses and Incentive Payments. Executive shall be eligible for an annual cash bonus pursuant to the terms of the ▇▇▇▇▇▇▇▇ & Company 2008 Short-Term Incentive Plan and/or the ▇▇▇▇▇▇▇▇ & Company 2016 Management Team Incentive Compensation Plan, or any successors thereto, based on achievement of the performance standards set forth under such plan(s), as determined by the Compensation Committee of the Board; provided that Executive’s annual target bonus amount for 2016 and subsequent years will be no less than eighty percent (80%) of Executive’s Base Salary. Executive shall also be eligible for long-term incentive awards under the ▇▇▇▇▇▇▇▇ & Company 2016 Omnibus Stock and Incentive Plan (the “Omnibus Stock and Incentive Plan”), or any successor thereto, as determined by the Compensation Committee of the Board; provided that Executive’s long-term incentive award amounts for any year, including 2016, will have an aggregate target value (as determined by the Compensation Committee) of no less than one hundred percent (100%) of Executive’s Base Salary.
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Bonuses and Incentive Payments. Executive shall be eligible for an annual cash bonus pursuant to the terms of the ▇▇▇▇▇▇▇▇ & Company Short-Term Incentive Plan, or any successor thereto, based on achievement of the performance standards set forth under such plan, as determined by the Compensation Committee of the Board. Executive shall also be eligible under the ▇▇▇▇▇▇▇▇ & Company Long-Term Incentive Plan for awards under the ▇▇▇▇▇▇▇▇ & Company Executive Stock Bonus Plan and/or the ▇▇▇▇▇▇▇▇ & Company 2007 Management Team Incentive Compensation Plan, or any successors thereto, as determined by the Compensation Committee of the Board. In addition, the Company shall grant Executive restricted stock awards under the ▇▇▇▇▇▇▇▇ & Company Executive Stock Bonus Plan, payable in shares of Stock (as defined under the plan), of which (i) shares with a Fair Market Value (as defined under the plan) equal to $65,667 rounded down to the nearest whole share, using a valuation date that is the last trading day immediately preceding December 31, 2009, shall be delivered to Executive free and clear of restrictions on December 31, 2009, (ii) an additional tranche of shares with a Fair Market Value equal to $65,667, using a valuation date that is the last trading day immediately preceding December 31, 2010, shall be delivered to Executive free and clear of restrictions on December 31, 2010, and (iii) a final tranche of shares with a Fair Market Value equal to $65,666, rounded down to the nearest whole share, using a valuation date that is the last trading day immediately preceding December 31, 2011, shall be delivered to Executive free and clear of restrictions on December 31, 2011, provided that Executive must remain in the employ of the Company through each payment date to receive such shares.
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Bonuses and Incentive Payments. Executive shall be eligible for an annual cash bonus pursuant to the terms of the ▇▇▇▇▇▇▇▇ & Company Short-Term Incentive Plan, or any successor thereto, based on achievement of the performance standards set forth under such plan, as determined by the Compensation Committee of the Board. Executive shall also be eligible under the ▇▇▇▇▇▇▇▇ & Company Long-Term Incentive Plan for awards under the ▇▇▇▇▇▇▇▇ & Company Executive Stock Bonus Plan (the “Stock Bonus Plan”) and/or the ▇▇▇▇▇▇▇▇ & Company 2007 Management Team Incentive Compensation Plan, or any successors thereto, as determined by the Compensation Committee of the Board.
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Bonuses and Incentive Payments. Executive shall be eligible for an annual cash bonus pursuant to the terms of the Incentive Program, or any successors thereto, based on achievement of the performance standards set forth under such plan(s), as determined by the Company; provided that Executive’s annual target bonus amount for 2018 and subsequent years will be no less than thirty five percent (35%) of Executive’s Base Salary (the “Bonus Percentage”).1 Executive shall also be eligible for awards under Rubicon Global Holdings, LLC’s incentive plans, or any successors thereto, based on the conditions set forth under such plans.
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Bonuses and Incentive Payments 
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Related to Bonuses and Incentive Payments

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.