On Target Bonus Clause Samples

POPULAR SAMPLE Copied 1 times
On Target Bonus. You may be eligible to participate in the Company's On Target bonus scheme. Any bonus would be contingent on the Organisation meeting performance targets and you meeting performance expectations of your role. Any Bonus Payment will be subject to income tax. You must have commenced employment with the Company, on or prior to the 30th September, in order to be eligible for any bonus payment. All bonus payments are based on the discretion of the Company. Please note: You must be an employee of the Company when bonus payments are made, to retain your bonus payment.
View SourceView Similar (4)
On Target Bonus. The Director shall be entitled to participate in any share scheme operated from time to time by the Company in respect of directors, officers or senior management. The Director’s rights in relation to this Agreement are separate from and shall not be affected by any participation in any share scheme and his participation shall be subject to the rules of such scheme from time to time. If the Director’s employment is terminated for whatever reason whether lawfully or unlawfully, the Director agrees that save as provided for elsewhere in this Agreement he shall not be entitled by way of damages for breach of contract or compensation for loss of office or otherwise to any sum, any shares or other benefits to compensate him for the loss or diminution in value of any actual or prospective rights, benefits or expectations in relation to any scheme.
View SourceView Similar (3)
On Target Bonus. The Executive shall be entitled to receive an ongoing annual bonus of $30,000 based on achieving the 2H revenue goal, as set forth by the Board, payable no later than thirty (30) days following the Company’s fiscal year end.
View Source
On Target Bonus. Company will provide Employee with the opportunity to earn an On-Target Bonus under terms identified by Company and based on achievement of goals identified by the Chief Executive Officer. For 2024 and going forward, Employee is eligible to earn an On-Target Bonus of 60% based on Revenue targets set by the Board of Directors (“Board”) and the forecast in effect as of July 22, 2024, and the achievement of goals identified by the CEO, and any bonus may be in the form determined by Company (including an option to purchase Company stock). Any On- Target Bonus will be prorated for the actual period of employment and subject to Employee’s satisfaction of all eligibility criteria, as determined by the CEO. Any On-Target Bonus will not be deemed earned until paid, and Employee must be employed with the Company at the time of payment and award to be eligible to receive such payment and award.
View Source
On Target Bonus. Company will provide Employee with the opportunity to earn an On-Target Bonus under terms identified by Company and based on achievement of goals identified by the Chief Executive Officer. For calendar year 2022 and going forward, Employee is eligible to earn an On-Target Bonus of 60% based on Revenue and EBITDA targets set by the Board of Directors (“Board”) and the achievement of goals identified by the CEO, and any bonus may be in the form determined by Company (including an option to purchase Company stock). Any On-Target Bonus will be prorated for the actual period of employment and subject to Employee’s satisfaction of all eligibility criteria, as determined by the CEO. Any On-Target Bonus will not be deemed earned until paid, and Employee must be employed with Company at the time of payment and award to be eligible to receive such payment and award. For 2022, the portion of the bonus based on Revenue and EBITDA targets is guaranteed (provided that Employee satisfies the conditions in the preceding sentence) and Employee will be granted an option to purchase $156,000 worth of shares of Company stock as of the Start Date with the number of options granted being $156,000 divided by the closing price of the Company’s common stock on the Start Date and the exercise price of such option being the closing price of the Company’s common stock on the Start Date. Such option will vest on March 31, 2023 (the date in 2023 when Company makes annual bonus payments); the portion of the bonus for 2022 that may be earned based on achievement of goals identified by the CEO is not guaranteed.
View Source

Related to On Target Bonus

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

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.

  • 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 Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).