Common use of BASE COMPENSATION AND TARGET BONUS Clause in Contracts

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s employment under this Agreement, the Company agrees to pay the Employee as compensation for her services a base salary at an annual rate of two hundred and ninety thousand dollars ($290,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of the Employee’s employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of forty (40%) of Base Compensation or at such higher rate as the Company may determine from time to time. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

Appears in 1 contract

Samples: Employment Agreement (Urs Corp /New/)

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BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s his employment under this Agreement, the Company agrees to pay the Employee as compensation for her his services a base salary at an annual rate of two hundred and ninety thousand dollars Four Hundred Fifty Five Thousand Dollars ($290,000455,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretiontime, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of the Employee’s his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of forty at least One Hundred percent (40100%) of Base Compensation or at such higher rate as the Company may determine from time to timeCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time time, in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

Appears in 1 contract

Samples: Employment Agreement (Urs Corp /New/)

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s his employment under this Agreement, the Company agrees to pay the Employee as compensation for her his services a base salary at an annual rate of two hundred and ninety thousand dollars Five Hundred Fifteen Thousand Dollars ($290,000515,000), or at such higher rate as the Company may determine from time to time. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretiontime, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of the Employee’s his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of forty at least seventy-five percent (4075%) of Base Compensation or at such higher rate as the Company may determine from time to timeCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time time, in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

Appears in 1 contract

Samples: Employment Agreement (Urs Corp /New/)

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s employment under this Agreement, the Company agrees to pay the Employee as compensation for her his services a base salary at an annual rate of two hundred and ninety thousand dollars Seven Hundred Thousand Dollars ($290,000700,000), or at such higher rate as the Company Board may determine from time to timetime in its sole discretion. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of the Employee’s his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of forty at least one hundred percent (40100%) of Base Compensation or at such higher rate as beginning with the Company may determine from time to time2008 fiscal year and for each subsequent fiscal year. (The annual target bonus percentage specified in this Section 3, as increased by the Company Board from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

Appears in 1 contract

Samples: Employment Agreement (Urs Corp /New/)

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BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s her employment under this Agreement, the Company agrees to pay the Employee as compensation for her services a base salary at an annual rate of two hundred and ninety thousand dollars Three Hundred Forty Thousand Dollars ($290,000340,000), or at such higher rate as the Company may determine from time to timetime in its sole discretion. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of the Employee’s her employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of forty at least forty-five percent (4045%) of Base Compensation or at such higher rate as the Company may determine from time to timeCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

Appears in 1 contract

Samples: Employment Agreement (Urs Corp /New/)

BASE COMPENSATION AND TARGET BONUS. During the term of the Employee’s his employment under this Agreement, the Company agrees to pay the Employee as compensation for her his services a base salary at an annual rate of two hundred and ninety thousand dollars Four Hundred Fifty Thousand Dollars ($290,000450,000), or at such higher rate as the Company may determine from time to timetime in its sole discretion. Such salary shall be payable in accordance with the Company’s standard payroll procedures. (The annual rate of compensation specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Base Compensation.”) In addition, during the term of the Employee’s his employment under this Agreement, the Company agrees that the Employee shall participate in the Company’s annual bonus plan with a target bonus percentage of forty at least one hundred percent (40100%) of Base Compensation or at such higher rate as the Company may determine from time to timeCompensation. (The annual target bonus percentage specified in this Section 3, as increased by the Company from time to time in its sole discretion, is referred to in this Agreement as “Annual Target Bonus.”)

Appears in 1 contract

Samples: Employment Agreement (Urs Corp /New/)

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