Bonus Limitation. 5.1. Internal funds transferred between the Trading Accounts within the Company are considered as withdrawals, therefore the Bonus removal will be applied in accordance with the Terms and Conditions as set out herein.
Bonus Limitation. Notwithstanding Sections 4.2(a), Employee shall in no event receive a total bonus exceeding $1,500,000 in any fiscal year. Subject to Sections 6.3 and 6.7 below, the Corporation shall pay the Bonus to Employee during the calendar year in which the Performance Period ends. Except as modified by this First Amendment, the Agreement remains in full force and effect.
Bonus Limitation. 5.1. Internal funds transferred between the Trading Accounts within the Company are considered as withdrawals, therefore the Bonus removal will be applied in accordance with the Terms and Conditions as set out herein. GULF BROKERS LTD., Xxxxxx 0, Xxxxx X0, Xxxxx Xxxx, Xxxx Xxxxxx Xxxxxx, Xxxxxxxx, Mahé, Seychelles +00 000 000 0000 xxxx@xxxxxxxxxxx.xxx The Company is regulated as a Securities Dealer by the Seychelles Financial Services Authority of Seychelles with licence number SD013
Bonus Limitation. Notwithstanding any other provision of this Section 4.2, no bonus described in this Section 4.2 shall be paid to Employee in respect of any Half Fiscal Year if actual Net Income for such Half Fiscal Year is zero or a negative number and the total of the bonuses described in this Section 4.2 for any Half Fiscal Year shall be no greater than the amount by which actual Net Income exceeds zero with respect to such Half Fiscal Year.
