Additional Incentive Bonus. In addition to the Cash Incentive, Executive is eligible to receive a one-time additional incentive bonus in the amount of $100,000 (less all applicable withholdings or authorized or required deductions) (the “Additional Incentive Bonus”). The Additional Incentive Bonus shall vest and become payable to Executive, in a lump sum cash amount, with respect to: (i) one-third (1/3) of the Additional Incentive Bonus on March 1, 2021, and (ii) the remaining two-thirds (2/3) of the Additional Incentive Bonus on September 1, 2021, subject to Executive’s continued employment with Ultra through each such date (except as otherwise set forth in Section 4(a)).
Additional Incentive Bonus. The Executive shall receive additional incentive bonuses, if earned,with respect to the fiscal years ending during the Term pursuant to Subsection 13.2.3 and/or 13.2.4 (each an "Additional Incentive Bonus"); provided, however, that no Additional Incentive Bonus for a fiscal year shall be payable if the Net After-Tax Profits (as hereinafter defined) for such fiscal year do not exceed Base Profits (as hereinafter defined).
Additional Incentive Bonus. In addition to the Base Salary, any Annual Bonuses and the RSU and Option grants, the Company may, in its sole discretion, pay to Executive a one-time additional bonus of up to $50,000 (the “Additional Bonus”) upon the attainment of performance objectives relating to the post-transaction integration of the Company with each of Vista Staffing Solutions, Inc. and Oxford, Inc., including synergy savings and other criteria selected by the Committee (the “Additional Bonus Objectives”). The Additional Bonus Objectives shall be established, after consultation with Executive, in the sole discretion of the Committee, and the Additional Bonus shall become payable, if at all, at such date or dates as are determined by the Committee, subject to Executive’s continued employment through any such date(s). Determinations as to whether the Additional Bonus performance objectives have been attained shall be made in the sole discretion of the Committee.
Additional Incentive Bonus. During the Employment Period, Employee will be eligible to receive an annual "additional incentive bonus" of $75,000. The performance criteria for this bonus will be mutually agreed upon by Employee and the President of the Company. Employee shall forfeit the right to any bonus under this Section 5(c) in the event that he is terminated by the Company for Cause.
Additional Incentive Bonus. Employee shall be entitled to a cash payment in the amount of $500,000 (the "Incentive Bonus") upon the achievement (evidenced by duly executed documentation) by Employee of a Successful Restructuring on or before December 31, 2002. For the purposes of this Agreement, "Successful Restructuring" means: (i) the achievement by Employee of discounts or reductions negotiated with the lenders and landlords of the Company; and/or, (ii) the raising by Employee of equity capital in the company: provided such discounts, reductions and/or equity capital are sufficient, in the aggregate, to enable the Company to meet all of its obligations and liabilities throughout the twenty-four (24) month period commencing from the date of this Agreement. The Incentive Bonus shall be due and payable immediately upon the execution of Letters of Intent/Term Sheets evidencing the 2 terms and conditions of the restructuring and/or equity capital transaction.
Additional Incentive Bonus. Employee shall be entitled to a cash payment in the amount of $500,000 upon the achievement (evidenced by duly executed documentation) by Employee of a Successful Restructuring on or before September 30, 2001. For the purposes of this Agreement, "Successful Restructuring" means: (i) the achievement by Employee of discounts or reductions negotiated with the lenders and landlords of the Company: and/or, (ii) the raising by Employee of equity capital in the Company; provided such discounts, 5 -5- reductions and/or equity capital are sufficient, in the aggregate, to enable the Company to meet all of its obligations and liabilities throughout the twenty four (24) month period commencing from the date of this Agreement. For greater certainty, the parties agree that the Company shall have no obligations to make any payment under this Section 6(c) if a Successful Restructuring is not achieved by Employee on or before September 30, 2001.
Additional Incentive Bonus
