Common use of Bonus Plan Clause in Contracts

Bonus Plan. The Company shall adopt a bonus program providing for annual bonus awards to Executive and the Company's other eligible employees dependent upon, among other things, the achievement of certain performance levels by the Company, the nature, magnitude and quality of the services performed by Executive for the Company and the compensation paid for positions of comparable responsibility and authority within the Company's industry (the "COMPANY EMPLOYEE BONUS PLAN").

Appears in 4 contracts

Samples: Employment Agreement (Somaxon Pharmaceuticals, Inc.), Employment Agreement (Somaxon Pharmaceuticals, Inc.), Employment Agreement (Somaxon Pharmaceuticals, Inc.)

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Bonus Plan. The Company shall adopt a bonus program providing for annual bonus awards to Executive and the Company's ’s other eligible employees dependent upon, among other things, the achievement of certain performance levels by the Company, the nature, magnitude and quality of the services performed by Executive for the Company and the compensation paid for positions of comparable responsibility and authority within the Company's ’s industry (the "COMPANY EMPLOYEE BONUS PLAN"“Company Employee Bonus Plan”).

Appears in 4 contracts

Samples: Employment Agreement (Somaxon Pharmaceuticals, Inc.), Employment Agreement (Somaxon Pharmaceuticals, Inc.), Employment Agreement (Somaxon Pharmaceuticals, Inc.)

Bonus Plan. The Company shall adopt a bonus program providing for annual bonus awards to the Executive and the Company's other eligible employees dependent upon, among other things, the achievement of certain performance levels by the Company, the nature, magnitude and quality of the services performed by the Executive for the Company and the compensation paid for positions of comparable responsibility and authority within the Company's ’s industry (the "COMPANY EMPLOYEE BONUS PLAN"“Company Employee Bonus Plan”). It is intended by the Company to provide a bonus plan that is between 50 percent (50%) and two hundred percent (200%) of the Executive’s base salary each year.

Appears in 3 contracts

Samples: Employment Agreement (Carbon Conversion Group, Inc.), Employment Agreement (Carbon Conversion Group, Inc.), Employment Agreement (Carbon Conversion Group, Inc.)

Bonus Plan. The In the event that the Company shall adopt a bonus program providing for annual bonus awards to Executive and the Company's other eligible employees dependent upon, among other things, the achievement of certain performance levels by the Company, the nature, magnitude and quality of the services performed by Executive such eligible employee for the Company and the compensation paid for positions of comparable responsibility and authority within the Company's ’s industry (the "COMPANY EMPLOYEE BONUS PLAN"“Employee Bonus Plan”), the Executive shall be included in such Employee Bonus Plan to the extent that Executive is eligible.

Appears in 1 contract

Samples: Executive Employment Agreement (Aura Systems Inc)

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Bonus Plan. The In the event that the Company shall adopt a bonus program providing for annual bonus awards to Executive and the Company's other eligible employees dependent upon, among other things, the achievement of certain performance levels by the Company, the nature, magnitude and quality of the services performed by Executive such eligible employee for the Company and the compensation paid for positions of comparable responsibility and authority within the Company's industry (the "COMPANY EMPLOYEE BONUS PLANEmployee Bonus Plan"), the Executive shall be included in such Employee Bonus Plan to the extent that Executive is eligible.

Appears in 1 contract

Samples: Executive Employment Agreement (Aura Systems Inc)

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