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.
Appears in 4 contracts
Samples: Employment Agreement (Oakhill Sportswear Corp /Ny/), Employment Agreement (Watkins Greg S), Employment Agreement (Barone Daren J)
