Common use of Annual Stock Bonus Clause in Contracts

Annual Stock Bonus. Beginning with the end of fiscal year 2001, and continuing throughout the life of the Agreement, the Employee shall be eligible for an annual stock bonus according to the following schedule: a ten percent (10%) increase from the previous year's gross sales shall entitle the Employee to One Hundred and Twenty-Five Thousand (125,000) Shares of the Employer; a fifteen percent (15%) increase from the previous year's gross sales shall entitle the Employee to Two Hundred and Fifty Thousand (250,000) Shares of the Employer; a twenty percent (20%) increase from the previous year's gross sales shall entitle the Employee to Three Hundred and Seventy-Five Thousand (375,000) Shares of the Employer and a twenty- five percent increase from the previous year's gross sales shall entitle the Employee to Five Hundred Thousand (500,000) Shares of the Employer.

Annual Stock Bonus. Beginning with the end of fiscal year 20012009, and continuing throughout the life of the this Agreement, the Employee shall be eligible for an annual stock bonus according to the following schedule: a ten percent (10%) increase from the previous year's ’s gross sales of $600,000 shall entitle the Employee to One Hundred and Twenty-Five Thousand (125,000) Shares of the Employer; a fifteen percent (15%) increase from the previous year's ’s gross sales shall entitle the Employee to Two Hundred and Fifty Thousand (250,000) Shares of the Employer; a twenty percent (20%) increase from the previous year's ’s gross sales shall entitle the Employee to Three Hundred and Seventy-Five Thousand (375,000) Shares of the Employer and a twenty- twenty-five percent increase from the previous year's ’s gross sales shall entitle the Employee to Five Hundred Thousand (500,000) Shares of the Employer.