Common use of Bonus Salary Clause in Contracts

Bonus Salary. Employee shall receive bonus salary ("Bonus Salary") within 90 days after each of Employers's fiscal years during the term of this Agreement of up to $105,000 based on the following calculation: $35,000 if ValueVision obtains an operating profit equal to at least 1% of net sales, an additional $35,000 if ValueVision obtains a net operating profit of at least 2% of net sales, and an additional $35,000 if ValueVision obtains a net operating profit of at least 3% of net sales, unless prior to such date, Employee's employment shall be terminated pursuant to Sections 6.c. or 6.d. hereof. No Bonus shall be payable if ValueVision's net operating profit is less than 1% of net sales.

Bonus Salary. Employee shall receive bonus salary ("Bonus Salary") within 90 days after each of Employers's fiscal years during the term of this Agreement of up to $105,000 150,000 based on the following calculation: $35,000 50,000 if ValueVision obtains an operating profit equal to at least 1% of net sales, an additional $35,000 50,000 if ValueVision obtains a net operating profit of at least 2% of net sales, and an additional $35,000 50,000 if ValueVision obtains a net operating profit of at least 3% of net sales, unless prior to such date, Employee's employment shall be terminated pursuant to Sections 6.c. or 6.d. hereof. No $25,000 of the Bonus Salary (the "Guaranteed Bonus") shall be guaranteed and paid monthly during Employer's fiscal year. Other than the Guaranteed Bonus, no Bonus Salary shall be payable if ValueVision's net operating profit is less than 1% of net sales.

Bonus Salary. Employee shall receive bonus salary ("Bonus Salary") within 90 days after each of Employers's fiscal years during the term Term of this Agreement of up to $105,000 150,000 based on the following calculation: $35,000 50,000 if ValueVision obtains an operating profit equal to at least 1% of net sales, an additional $35,000 50,000 if ValueVision obtains a net operating profit of at least 2% of net sales, and an additional $35,000 50,000 if ValueVision obtains a net operating profit of at least 3% of net sales, unless prior to such date, Employee's employment shall be terminated pursuant to Sections 6.c. or 6.d. hereof. No The first $50,000 of the Bonus Salary shall be payable if ValueVision's net operating profit is less than 1% guaranteed for the first year of net salesthe Term and the second year of the Term.

Bonus Salary. Employee shall receive bonus salary ("Bonus Salary") within 90 days after each of Employers's fiscal years during the term of this Agreement of up to $105,000 150,000 based on the following calculation: $35,000 50,000 if ValueVision obtains an operating profit equal to at least 1% of net sales, an additional $35,000 50,000 if ValueVision obtains a net operating profit of at least 2% of net sales, and an additional $35,000 50,000 if ValueVision obtains a net operating profit of at least 3% of net sales, unless prior to such date, Employee's employment shall be terminated pursuant to Sections 6.c. or 6.d. hereof. No Bonus shall be payable if ValueVision's net operating profit is less than 1% of net sales.