Additional Incentive Compensation. During the term of this Agreement, the Executive shall also be entitled to participate in other executive incentive compensation arrangements, similar to the incentive compensation arrangements now in effect for executives of the Company pursuant to which executives are paid an annual bonus; provided, however, that prior to a Change in Control of the Company the participation of the Executive in such arrangements shall mean that the Executive is eligible for an incentive award but shall not obligate the Company to make any incentive award or pay any incentive compensation to Executive; provided further, however, that after a Change in Control of the Company, the Executive must be paid an annual bonus that is at least as large as the highest bonus paid to the Executive in any year during the three years immediately prior to a Change in Control.
Additional Incentive Compensation. In recognition of Xx. Xxxxxxxxxx’x past and future integral involvement in and contribution to all aspects of Immunomedics’ scientific and creative activities, the Company shall make the following payments to Xx. Xxxxxxxxxx as additional incentive compensation (“Additional Incentive Compensation”).
Additional Incentive Compensation. Subject to the provisions of Section 6 hereof, as additional incentive compensation (the "Additional Incentive Compensation") for his services during the Initial Employment Period and the Renewal Employment Period (if any) the Executive will be paid with respect to each Fiscal Year during such Period(s), commencing with respect to Fiscal Year 1998, an amount, in addition to the Salary and Incentive Compensation, equal to two and one-half (2.5%) of the Pre-tax Income of the Employer for such Fiscal Year in excess of the greater of $2,700,000 or the prior Fiscal Year's Pre-tax Income.
Additional Incentive Compensation. In addition to the Incentive Compensation, the Company agrees to consider granting options to the Employee (the "Option") in the future to purchase additional shares of Class A Common Stock in the same manner as additional grants may be given to other employees of the Company, i.e. as part of a bonus, etc. Any additional option grants shall be approved by the Compensation Committee of the Board of Directors.
Additional Incentive Compensation. (i) As additional compensation, the Consultant shall be entitled to a one-time fee (the "Additional Incentive Compensation") with respect to (A) each acquisition of a business operation by the Company or its subsidiaries introduced or negotiated by the Consultant or any of their affiliates, and/or (B) each disposition of a business operation by the Company or its subsidiaries negotiated by the Consultant or any of their affiliates. The Additional Incentive Compensation shall be paid at the closing of the acquisition or disposition of any such business operation. The Additional Incentive Compensation shall be a cash sum equal to the following percentages of the purchase price (which on acquisitions or dispositions of assets shall also include the book value of the assumed liabilities, and on acquisitions or dispositions of stock shall also include liabilities of the acquired entity that are required to be paid with funds provided by the Company or any of its subsidiaries in connection with such acquisition) for the acquisition or disposition: Purchase Price Percentage $1 to $10,000,000 2.50 % $10,000,001 to $50,000,000 1.75 % $50,000,001 and over 1.00 % By way of illustration, an acquisition or disposition with a purchase price of $60,000,000 would generate Additional Incentive Compensation of $950,000 (2.50% of the first $10,000,000, 1.75% of the next $40,000,000 and 1.00% of the remaining $10,000,000. This Section 3(c)(i) shall not apply to any transaction (a "Sale of the Company") which is (x) the sale of all, or substantially all, of the Company's consolidated assets in any single transaction or series of related transactions; (y) the sale or issuance, or series of related sales or issuances, of equity securities of the Company in any single transaction or series of related transactions which results in any person or group of affiliated persons (other than affiliates of the Consultant) owning (on a fully diluted basis) more than 50% of the Company's securities having ordinary voting power to elect directors outstanding at the time of such sale or issuance or such series of sales and/or issuances; or (z) any merger or consolidation of the Company with or into another corporation (regardless of which entity is the surviving corporation) if, after giving effect to such merger or consolidation, the holders of the Company's securities having ordinary voting power to elect directors (on a fully diluted basis) immediately prior to the merger or consolidation o...
Additional Incentive Compensation. For each year (twelve months) of the Term of this Agreement, Employee shall receive an additional compensation incentive in accordance with the terms set forth in Schedule A, attached hereto.
Additional Incentive Compensation. In addition to the Fixed Annual Compensation provided hereunder, the Company shall provide Consultant with such additional incentive compensation ("Additional Incentive Compensation"), and shall include but not be limited to the following:
Additional Incentive Compensation. In addition to his Base --------------------------------- Salary Employee shall be paid additional incentive compensation in such an amount, and based upon the accomplishment of such performance objectives, as may be determined by the Compensation Committee of the Board from time to time.
Additional Incentive Compensation. For each year (twelve months) of the Term of this Agreement, Employee shall receive, as additional compensation, an incentive based on the Pre-tax Profit of S&A Purchasing Corp. and will be as follows: Compensation Based on Pre-tax Profit of S&A Purchasing Corp. Pre-tax Profit Incentive $ 320,000 $ 5,000 $ 350,000 $ 10,000 $ 380,000 $ 15,000 $ 400,000 $ 20,000 $ 450,000 $ 25,000 $500,000 and up $ 35,000
Additional Incentive Compensation. Employee shall be entitled to such bonuses as may be determined from time to time by the Board of Directors of the Company taking into account the performances of the Company in relation to the annual business plan of the Company. Employee shall be entitled to a one-time payment of additional compensation of seven hundred fifty thousand (750,000) shares of Triden Telecom, Inc. common stock @ $0.02 per share as a signing bonus. Further, by this paragraph, the Employer grants the Employee an option to purchase five hundred thousand (500,000) shares of Triden Telecom, Inc. common stock at a purchase price of $0.25 per share. This option may be exercised at any time during the term of employment under this Agreement. However, in the event that the employment term is terminated by the Employer, for reasons other than good cause, the Employee shall retain the right to exercise any unused portion of the option until January 5, 2007. The option may be exercised in whole or in part but may be exercised only in lots of 100,000 shares or more. It is agreed that the Employee shall not have any of the rights of, nor be treated as, a shareholder with respect to the shares subject to this option until the Employee has exercised the option, delivery of the stock certificates for such shares has been made to the Employee, and the Employee has become the shareholder of record of such shares. The option set forth in this paragraph is not assignable.
