Common use of Additional Incentive Bonus Clause in Contracts

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).

Appears in 3 contracts

Samples: Employment Agreement Amendment (Eagle Geophysical Inc), Stock Purchase Agreement (Eagle Geophyical Inc), Employment Agreement (Eagle Geophyical Inc)

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Additional Incentive Bonus. The Executive shall receive an additional incentive bonusesbonus, 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 the "Additional Incentive Bonus"); provided, however, that no an Additional Incentive Bonus for a fiscal year shall only be payable if the Net AfterCompany earns Pre-Tax Profits (as hereinafter defined) for such fiscal year do not exceed year. The Base Profits (Incentive Bonus and Additional Incentive Bonus are hereinafter collectively referred to as hereinafter defined)the "Incentive Bonuses."

Appears in 2 contracts

Samples: Employment Agreement (Eagle Geophysical Inc), Employment Agreement (Eagle Geophysical Inc)

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