PERFORMANCE BASED INCENTIVE BONUS Sample Clauses

A Performance Based Incentive Bonus clause establishes a system where employees or contractors receive additional compensation if they meet or exceed specific performance targets. Typically, these targets are defined in advance and may relate to sales figures, project completion, quality metrics, or other measurable outcomes. By directly linking bonuses to performance, this clause motivates individuals to achieve higher results and aligns their efforts with the organization's goals, ultimately rewarding productivity and success.
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PERFORMANCE BASED INCENTIVE BONUS. Executive shall be entitled to an annual performance based cash incentive bonus in an amount up to 50 percent of the Base Salary (the "Bonus"). The Bonus shall be earned and paid in accordance with the Company's performance based incentive compensation plan (the "Incentive Plan"); provided, however, that with respect to Executive, the "Performance Period" shall be the calendar year beginning with the 2004 calendar year and continuing for each calendar year thereafter, and the Performance Goals for each Performance Period shall include maintaining, to the extent within the control of the Company's management, the Company's rating by A.M. Best Company (which is currently A-). A copy of the Performance Goals as so established shall be provided to Executive. The Bonus shall be payable as provided in the Incentive Plan. The Performance Goals for 2004 shall be as set forth in Exhibit B. Notwithstanding the forgoing, with the express approval by the Board after review of Executive's performance for the Performance Period, the actual amount of Incentive Award may exceed 50 percent of the Base Salary for such Performance Period,
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PERFORMANCE BASED INCENTIVE BONUS. Executive shall be entitled to an annual performance based cash incentive bonus in an amount up to 40 percent of the Base Salary (the “Bonus”). The Bonus shall be earned and paid in accordance with the Company’s performance based incentive compensation plan (the “Incentive Plan”); provided, however, that with respect to Executive, the “Performance Period” (as defined in the Incentive Plan) shall be the calendar year beginning with the 2007 calendar year and continuing for each calendar year thereafter. A copy of the Performance Goals as so established shall be provided to Executive. The Bonus shall be payable as provided in the Incentive Plan. The Performance Goals for 2007 shall be as set forth in the March 22, 2005 Executive Compensation Committee Meeting Minutes.
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PERFORMANCE BASED INCENTIVE BONUS. An annual performance-based cash incentive bonus in an amount up to 35% of the Base Salary (the "Bonus"). The Bonus shall be earned and paid in accordance with the Health Power, Inc. Performance-Based Incentive Compensation Plan (the "Incentive Plan"). Under the Incentive Plan, beginning with the 2001 Calendar Year (as defined in Section 6(e), below), and continuing for each Calendar Year thereafter during the First Term or any Renewal Term, as the case may be (each a "Performance Year"), the Board shall establish in writing and in good faith objective performance criteria or goals to be achieved by the Executive for that Performance Year (the "Performance Goals"). A copy of the Performance Goals as established by the Board shall be provided to the Executive. After the completion of each Performance Year, the Board shall review the achievement of the Performance Goals by the Executive and make a determination in good faith as to the amount of the Bonus earned by the Executive based upon the Executive's achievement of such Performance Goals. The Bonus shall be payable as provided in the Incentive Plan.
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PERFORMANCE BASED INCENTIVE BONUS. Executive shall be eligible to receive an annual performance based cash target incentive award pursuant to and in accordance with the Company’s performance based incentive compensation plan (the “Incentive Plan”) in an amount equal to 50 percent of the Base Salary (the “Target Incentive Award”). Executive shall earn and be paid the Target Incentive Award (whether in whole or in part) in accordance with the Incentive Plan and the portion of the Target Incentive Award earned by and paid or to be paid to Executive shall be referred to herein as the “Bonus.” A copy of the Performance Goals as so established under the Incentive Plan shall be provided to Executive. The Bonus shall be payable as provided in the Incentive Plan.
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PERFORMANCE BASED INCENTIVE BONUS. Employee shall be entitled to an annual performance based cash incentive bonus in an amount up to 40 percent of the Base Salary (the “Bonus”). The Bonus shall be earned and paid in accordance with the Company’s performance based incentive compensation plan (the “Incentive Plan”). A copy of the Performance Goals as so established under the Incentive Plan shall be provided to Employee. The Bonus shall be payable as provided in the Incentive Plan.
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PERFORMANCE BASED INCENTIVE BONUS. Executive shall be entitled to an annual performance based cash incentive bonus in an amount up to 40 percent of the Base Salary (the “Bonus”). The Bonus shall be earned and paid in accordance with the Company’s performance based incentive compensation plan (the “Incentive Plan”); provided, however, that with respect to Executive, the “Performance Period” (as defined in the Incentive Plan) shall be the calendar year beginning with the 2005 calendar year and continuing for each calendar year thereafter, and the Performance Goals (as defined in the Incentive Plan) for each Performance Period shall include maintaining, to the extent within the control of the Company’s management, the Company’s rating by A.M. Best Company (which is currently A-). A copy of the Performance Goals as so established shall be provided to Executive. The Bonus shall be payable as provided in the Incentive Plan. The Performance Goals for 2005 shall be as set forth in the March 22, 2005 Executive Compensation Committee Meeting Minutes. Notwithstanding the forgoing, with the express approval by the Board after review of Executive’s performance for the Performance Period, the actual amount of Incentive Award may exceed 40 percent of the Base Salary for such Performance Period, provided that the amount of any such excess shall be paid in shares of Stock or other property having a Fair Market Value (as defined in the Incentive Plan) equal to such excess.
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PERFORMANCE BASED INCENTIVE BONUS. Executive shall be eligible for a performance-based incentive bonus for each fiscal year of his employment with the Company.
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Related to PERFORMANCE BASED INCENTIVE BONUS

  • Performance-Based Vesting At the end of each Measurement Year, on the Measurement Date, the percentage of Shares set forth above shall be eligible to vest (the "Eligible Shares"). On each Measurement Date, 50% of the Eligible Shares shall become Vested Shares if at least 90% of the Target EBITDA amount was met for the prior Measurement Year. If more than 90% of the Target EBITDA amount was met for the prior Measurement Year, then the Eligible Shares shall become Vested Shares on a straight line basis such that an additional 5% of Eligible Shares shall become Vested Shares for each 1% that actual Consolidated Adjusted EBITDA exceeds 90% of the Target EBITDA amount.

  • Performance Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Incentive Bonuses The Executive shall be eligible for an annual incentive bonus with a target amount equal to 50% of his Base Salary (the “Target Bonus”). The Executive’s bonus (if any) shall be awarded based on criteria established by the Company’s Board of Directors (the “Board”) or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. The Executive shall not be entitled to an incentive bonus if he is not employed by the Company on the last day of the fiscal year for which such bonus is payable.