SM » Topics » Cash Bonus Plan

This excerpt taken from the SM 10-Q filed Aug 3, 2007.

Cash Bonus Plan

The Company has a cash bonus plan that allows participants to receive a bonus of up to 50 percent of their aggregate base salary.  Any awards under the cash bonus plan are based on a combination of Company and individual performance.  The Company accrues cash bonus expense related to the current year’s performance.  Included in the general and administrative and exploration line items in the consolidated statements of operations are $1.2 million of cash bonus expense related to the specific performance year for each of the three-month periods ended June 30, 2007, and 2006, respectively, and $2.5 million and $2.3 million for the six-month periods ended June 30, 2007, and 2006, respectively.

This excerpt taken from the SM 10-Q filed May 4, 2007.

Cash Bonus Plan

The Company has a cash bonus plan that allows participants to receive up to 50 percent of their aggregate base salary.  Any awards under the cash bonus plan are based on a combination of Company and individual performance.  The Company accrues cash bonus expense related to the current year’s performance.  Cash bonus expense for the three-month periods ended March 31, 2007, and 2006, was $1.2 million and $1.1 million, respectively, for the estimated cash bonus expense related to the applicable performance year.

This excerpt taken from the SM 10-K filed Mar 21, 2007.

Cash Bonus Plan

The Company has a cash bonus plan that allows participants to receive a cash bonus of up to 50 percent of their base salary. Any awards under the cash bonus plan are based on a combination of Company and individual performance. The Company accrues cash bonus expense related to the current year’s performance. Included in the general and administrative and exploration line items in the consolidated statements of operations are $1.9 million, $7.4 million, and $2.0 million of cash bonus expense for the years ended December 31, 2006, 2005, and 2004, respectively.

This excerpt taken from the SM 10-K filed Feb 23, 2007.

Cash Bonus Plan

The Company has a cash bonus plan that allows participants to receive a cash bonus of up to 50 percent of their base salary. Any awards under the cash bonus plan are based on a combination of Company and individual performance. The Company accrues cash bonus expense related to the current year’s performance. Included in the general and administrative and exploration line items in the consolidated statements of operations are $1.9 million, $7.4 million, and $2.0 million of cash bonus expense for the years ended December 31, 2006, 2005, and 2004, respectively.

This excerpt taken from the SM 10-Q filed Nov 3, 2006.

Cash Bonus Plan

The Company has a cash bonus plan that allows participants to receive a cash bonus of up to 50 percent of their aggregate base salary.  Any awards under the cash bonus plan are based on a combination of Company and individual performance.  The Company accrues cash bonus expense related to the current year’s performance.  The cash bonus expenses for the three-month periods ended September 30, 2006, and 2005, were $687,000 and $3.2 million, respectively, and the cash bonus expenses for the nine-month

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periods ended September 30, 2006, and 2005, were $3.4 million and $4.8 million, respectively.  Cash bonuses related to the 2006 performance year are expected to be paid in the first quarter of the subsequent year.

This excerpt taken from the SM 10-Q filed Aug 4, 2006.

Cash Bonus Plan

The Company has a cash bonus plan that allows participants to receive a bonus of up to 50 percent of their aggregate base salary.  Any awards under the cash bonus plan are based on a combination of Company and individual performance.  The Company paid $7.4 million for cash bonuses in February 2006 related to the 2005 performance year and paid $2.0 million in March 2005 related to the 2004 performance year.  The cash bonus expenses for the three-month periods ended June 30, 2006, and 2005, were $1.4 million and $928,000, respectively, and the cash bonus expenses for the six-month periods ended June 30, 2006, and 2005, were $2.7 million and $1.5 million, respectively.

This excerpt taken from the SM 10-Q filed May 4, 2006.

Cash Bonus Plan

 

The Company has a cash bonus plan that allows participants to receive up to 50 percent of their aggregate base salary.  Any awards under the cash bonus plan are based on a combination of Company and individual performance.  The Company paid $7.4 million for cash bonuses in February 2006 related to the 2005 performance year and paid $2.0 million in March 2005 related to 2004 performance year.   The cash bonus expense for the period ended March 31, 2006, was $1.1 million for the estimated value of bonuses expected to be paid in 2007 related to the 2006 performance year to date.

 

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Denbury Resources, Inc. (DNR)
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