Bonus Award. During the Employment Term, Employee shall be eligible to earn an annual bonus in the sole discretion of the Board (after considering recommendations from the Compensation Committee of the Board) based on (i) individual performance, (ii) the Company’s (a) total revenue, (b) earnings before interest, taxes, depreciation and amortization (with such adjustments as the Board determines to be appropriate), (c) earnings per share, (d) operating ratio or (e) return on invested capital and/or (iii) such other measures as determined by the Board in its sole discretion (the “Bonus”). Employee’s target Bonus opportunity shall be 40% of Base Salary. Any Bonus awarded to Employee shall be paid by no later than March 15th of the year following the year in which such Bonus was earned.
Appears in 4 contracts
Samples: Employment Agreement (New Century Transportation, Inc.), Employment Agreement (New Century Transportation, Inc.), Employment Agreement (New Century Transportation, Inc.)
