Common use of BONUS SCHEME Clause in Contracts

BONUS SCHEME. The Executive will be entitled to participate in any contractual bonus scheme or schemes established from time to time by the Company, the Listed Company or any other Group Company for executives of equivalent status to the Executive, subject always to the rules of those schemes. Any agreement which shall contractually determine the terms pursuant to which the Executive shall be entitled to bonus payments out of the profits of the Company in accordance with the provisions of Law 4111/2013, art. 43 para.5 shall be hereafter referred to as the “Bonus Scheme Agreement”.

Appears in 6 contracts

Samples: Employment Agreement (Global Ship Lease, Inc.), Employment Agreement (Global Ship Lease, Inc.), Employment Agreement (Global Ship Lease, Inc.)

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BONUS SCHEME. The Executive will be entitled to participate in any contractual bonus scheme or schemes established from time to time by the Company, the Listed Company or any other Group Company for executives of equivalent status to the Executive, subject always to the rules of those schemes. Any agreement which shall contractually determine the terms pursuant to which the Executive shall be entitled to bonus payments out of the profits of the Company in accordance with the provisions of Law 4111/2013, art. 43 para.5 shall be hereafter referred to as the "Bonus Scheme Agreement".

Appears in 1 contract

Samples: Employment Agreement (Global Ship Lease, Inc.)

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