Calendar Year 2001. A. Effective January 1, 2001, employees covered by this Agreement shall be entitled to one hundred and twenty (120) hours of paid holiday leave, observed on nationally recognized holidays and through two (2) personal holidays. Holidays, excluding personal holidays, subject to this provision shall be determined by mutual agreement between the Chief of Police (or the Chief’s designee) and representation from the association. The observed holidays and their dates of observance will be memorialized via memorandum issued by the Chief of Police (or the Chief’s designee) during the month of October in the preceding year. This agreement recognizes that the total number of holidays for individual employees will be based on the length of a particular employee’s workday.
Calendar Year 2001. Five Business Days after the date of a Volume Report for a calendar quarter in the year 2001 indicating purchases of CCS Units equal to the Base Volume Level for 2001, Warrants for the right to purchase that number of shares of fully paid and nonassessable shares of Common Stock equal to 7.6923% of the Aggregate Number shall become Vested.
Calendar Year 2001. The Company shall pay Employee an incentive bonus (the "2001 Incentive Bonus") equal to 100% of the base salary earned through December 31, 2001. The 2001 Incentive Bonus shall be payable in one lump sum payment, upon completion by the Company's outside auditors of their audit of the Company's financial statements for the year ended December 31, 2001.
Calendar Year 2001. Executive shall be eligible to receive bonus compensation of up to sixty percent (60%) of Executive's annual base salary based on HFC's achievement of certain pre-determined audited annual earnings before interest, taxes, depreciation, and amortization ("EBITDA") for calendar year 2001 (January 1, 2001 -- December 31, 2001). For calendar year 2001, HFC's Board of Directors has approved the following bonus compensation criteria: AUDITED EBITDA AMOUNT OF BONUS COMPENSATION ------------------------- ------------------------------------------------------ $2,700,000 - $2,799,999 Ten percent (10%) of annual base salary - ($23,000) $2,800,000 - $2,899,999 Twenty percent (20%) of annual base salary - ($46,000) $2,900,000 - $3,000,999 Thirty percent (30%) of annual base salary - ($69,000) $3,100,000 - $3,299,999 Forty percent (40%) of annual base salary - ($92,000) $3,300,000 - $3,499,999 Fifty percent (50%) of annual base salary - ($115,000) $3,500,000 and over Sixty percent (60%) of annual base salary - ($138,000)
Calendar Year 2001. In calendar year 2001:
