Bonus and Commissions. By execution of the Agreement, the Grantee represents that it has not paid and, also, agrees not to pay, any bonus or commission for the purpose of obtaining an approval of its financing hereunder.
Bonus and Commissions. Executive shall be eligible to receive a bonus each year, with the amount of such bonus to be determined in the Board's sole discretion. Executive shall be eligible to earn commissions on sales made by the Company. Executive shall be paid commissions upon the closing and calculation of each month's sales. Executive's commissions are not calculable, and therefore not earned until month-end because Executive's commission rate varies depending on sales made that month. One hundred percent (100%) of the commission on each sale will be deemed earned and payable upon the end of the month in which the franchisee pays an initial or subsequent deposit cumulatively equal to at least 40% of the amount owed by such franchisee. Executive's eligibility for, and applicable rates of these commissions are as follows:
1. If the Company sells between 50 and 60 machines during a month, the commission per machine will be $50.00.
2. If the Company sells between 61 and 70 machines during a month, the commission per machine will be $60.00.
3. If the Company sells between 71 and 80 machines during a month, the commission per machine will be $75.00.
4. If the Company sells between 81 and 90 machines during a month, the commission per machine will be $90.00.
5. If the Company sells 91 or more machines during a month, the commission per machine will be $110.00.
6. Any machine(s) that Executive sells on his own shall receive a commission of $400.00 per machine.
Bonus and Commissions. For the fiscal year ending December 31, 2007, Executive shall be eligible for an annual bonus based upon performance as determined by the Compensation Committee of Employer’s Board of Directors (the “Compensation Committee”). Thereafter, Executive shall be eligible to participate in an incentive program established by the Compensation Committee of Employer’, with such terms as may be established in the sole discretion of the Compensation Committee. For the period from September 1, 2007 to August 31, 2008, Executive shall be entitled to receive commissions as set forth in Exhibit A hereto.
Bonus and Commissions. Employee may receive other bonuses or other extraordinary compensation as determined in the sole discretion of the Board of Directors of Company or pursuant to a bonus plan adopted by the Board of Directors. Employee shall receive sales commissions while employed of 1.00% of sales, commencing December 1, 2003 through December 1, 2004 with future commissions to be negotiated based on forward looking budgets (the payments described above are referred to in this Agreement collectively as “Bonus”).
Bonus and Commissions. The Company and each Company Subsidiary is in compliance in all material respects with all of its bonus, commission and other compensation plans or arrangements with all Employees and Consultants and, except as set forth in Section 2.21(d) of the Disclosure Schedule has paid any and all amounts required to be paid prior to the Closing under such plans or arrangements and is not liable for any payments, taxes or penalties for failure to comply with any of the terms or conditions of such plans or the laws governing such plans.
Bonus and Commissions. In addition to the Base Salary, the Executive shall be entitled to additional, incentive compensation in the form of a bonus or commission income, commencing as to calendar year 1997, as provided in the Bonus and Commission Plan attached hereto as EXHIBIT A.
Bonus and Commissions. Beginning with the Company's current fiscal quarter and for each fiscal year thereafter during the term of this Agreement, the Executive shall be eligible to receive commissions and additional equity (the "Target Bonus") based upon a target or targets approved by the Board annually (See Exhibit A). The Target Bonus payable hereunder shall be payable in accordance with the Company's normal practices and policies.
Bonus and Commissions. Executive shall be eligible to receive a bonus each year, with the amount of such bonus to be determined in the Board’s sole discretion. Executive shall be eligible to earn commissions on sales made by the Company. Executive shall be paid commissions each pay period, unless Executive’s commissions are not calculable until month-end. One hundred percent (100%) of the commission on each sale will be deemed earned and payable in the month in which the franchisee pays an initial or subsequent deposit cumulatively equal to at least forty percent (40%) of the amount owed by such franchisee. Executive’s eligibility for and the applicable rates of these commissions are as follows: FHV Bookings $50 per Machine Xxxx & Xxxx’x Bookings $175 per Kiosk Service revenue up to $5 million 0.75 percent Service revenue $5 million to $10 million 1.00 percent Service revenue over $10 million 1.25 percent
Bonus and Commissions. The Employee shall be entitled to receive commissions and a bonus based on the annual gross margin of the Company (the “Bonus”). Payment of the Bonus is conditioned on compliance with applicable law, and shall be payable to the Employee (i) only if the Employee has not breached the terms of this Agreement, and (ii) only if the Employee continues to be employed by the Company on the date of determination of the Bonus as well as on the date of payment thereof. Any Bonus shall be paid at such time as the Company customarily pays bonuses. The bonus percentage(s) shall be mutually agreed upon within 10 days of the execution of this agreement and may be subject to adjustment with at least 30 days’ notice no more than annually.
Bonus and Commissions. By execution of the Agreement, the Grantee represents
