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 $200,000 based on the following calculation: $50,000 if ValueVision obtains an operating profit equal to at least 1% of net sales, an additional $50,000 if ValueVision obtains a net 2 operating profit of at least 2% of net sales, an additional $50,000 if ValueVision obtains a net operating profit of at least 3% of net sales, and an additional $50,000 if ValueVision obtains a net operating profit of at least 4% of net sales unless prior to such date, Employee's employment shall be terminated pursuant to Sections 6.c. or 6.d. hereof. The first $50,000 of the Bonus Salary shall be guaranteed for each year during the Term. Notwithstanding the foregoing, for Employer's fiscal year ending January 31, 2000, no Bonus Salary shall be payable. In addition, Employee shall be entitled to a signing bonus of $50,000 once he has commenced working for Employer (the "Signing Bonus").

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 $200,000 100,000 based on the following calculation: $50,000 25,000 if ValueVision obtains an operating profit equal to at least 1% of net sales, an additional $50,000 25,000 if ValueVision obtains a net 2 operating profit of at least 2% of net sales, an additional $50,000 25,000 if ValueVision obtains a net operating profit of at least 3% of net sales, sales and an additional $50,000 25,000 if ValueVision obtains a net operating profit of at least 4% of net sales sales, unless prior to such date, Employee's employment shall be terminated pursuant to Sections 6.c. or 6.d. hereof. The first $50,000 of Employer may in its discretion pay Employee bonus amounts greater than the Bonus Salary shall be guaranteed for each year during the Term. Notwithstanding the foregoing, for Employer's as calculated above in any fiscal year ending January 31, 2000, no Bonus Salary shall be payable. In addition, Employee shall be entitled to a signing bonus of $50,000 once he has commenced working for Employer (the "Signing Bonus")year.

Bonus Salary. Employee shall receive bonus salary ("Bonus Salary") within 90 days after the end of each of EmployersEmployer's fiscal years during the Term of this Agreement of up to $200,000 100,000 based on the following calculation: $50,000 25,000 if ValueVision obtains an operating profit equal to at least 1% of net sales, an additional $50,000 25,000 if ValueVision obtains a net 2 operating profit of at least 2% of net sales, an additional $50,000 25,000 if ValueVision obtains a net operating profit of at least 3% of net sales, and an additional $50,000 25,000 if ValueVision obtains a net operating profit of at least 4% of net sales sales, unless prior to such datethe date of payment, Employee's employment shall be terminated pursuant to Sections 6.c. or 6.d. hereof. The first $50,000 25,000 of the Bonus Salary shall be guaranteed for each year during the Term. Notwithstanding the foregoing, for Employer's fiscal year ending January 31, 2000, no Bonus Salary shall be payable. In addition, Employee shall be entitled to a signing bonus of $50,000 25,000 once he has commenced working for Employer (the "Signing Bonus")Employer.

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 $200,000 150,000 based on the following calculation: $50,000 if ValueVision obtains an operating profit equal to at least 1% of net sales, an additional $50,000 if ValueVision obtains a net 2 operating profit of at least 2% of net sales, and an additional $50,000 if ValueVision obtains a net operating profit of at least 3% of net sales, and an additional $50,000 if ValueVision obtains a net operating profit of at least 4% of net sales unless prior to such date, Employee's employment shall be terminated pursuant to Sections 6.c. or 6.d. hereof. The first $50,000 25,000 of the Bonus Salary (the "Guaranteed Bonus") shall be guaranteed for each year and paid monthly during the Term. Notwithstanding the foregoing, for Employer's fiscal year ending January 31, 2000year. Other than the Guaranteed Bonus, no Bonus Salary shall be payable. In addition, Employee shall be entitled to a signing bonus payable if ValueVision's net operating profit is less than 1% of $50,000 once he has commenced working for Employer (the "Signing Bonus")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 $200,000 based on the following calculation: $50,000 if ValueVision obtains an operating profit equal to at least 1% of net sales, an additional $50,000 if ValueVision obtains a net 2 operating profit of at least 2% of net sales, an additional $50,000 if ValueVision obtains a net operating profit of at least 3% of net sales, and an additional $50,000 if ValueVision obtains a net operating profit of at least 4% of net sales sales, unless prior to such date, Employee's employment shall be terminated pursuant to Sections 6.c. or 6.d. hereof. The first $50,000 of the No Bonus Salary shall be guaranteed for each year during the Term. Notwithstanding the foregoing, for Employerpayable if ValueVision's fiscal year ending January 31, 2000, no Bonus Salary shall be payable. In addition, Employee shall be entitled to a signing bonus net operating profit is less than 1% of $50,000 once he has commenced working for Employer (the "Signing Bonus")net sales.