Cash Bonus Plan. The Compensation Committee shall adopt a cash bonus plan designed to provide Officer an opportunity to earn annual cash bonuses during each calendar year during his employment which, when added to Officer's Base Salary, shall provide officer a level of compensation comparable to compensation generally prevailing for other chief executive officers of publicly traded companies which are comparable to the Company. The factors to be used to select which companies are comparable to that of the Company shall include, but not limited to, industry group, revenues, operating income, growth rate, number of employees and location. The annual performance goals to be met in order to earn portions or all of the bonus provided under the plan shall be determined through consultation between the Officer and the Compensation (i) if Officer substantially achieves the Annual Performance Goal for such calendar year, officer shall receive a cash bonus of at least fifty percent (50%) of the Officer's Base Salary for such calendar year; and (ii) if Officer exceeds the Annual Performance Goal for such calendar year, Officer shall receive a cash bonus between fifty percent (50%) and one hundred percent (100%) of the Officer's Base Salary for such calendar year. If this Agreement is terminated in the middle of a calendar year, Officer shall receive a cash bonus for services rendered through the Termination Date (as defined below) equal to the cash bonus he would have received for the entire calendar year, prorated through the Termination Date. All cash bonuses hereunder shall be paid to Officer within five (5) business days following the date the audited consolidated financial statements for the Company for the applicable calendar year become available.
Appears in 1 contract
Samples: Employment Agreement (Nt Media Corp of California Inc)
Cash Bonus Plan. The Compensation Committee shall adopt a cash bonus plan designed to provide Officer an opportunity to earn annual cash bonuses during each calendar year during his employment which, when added to Officer's Base Salary, shall provide officer Officer a level of compensation comparable to compensation generally prevailing for other chief executive senior officers of publicly traded companies which are comparable to the Company. The factors to be used to select which companies are comparable to that of the Company shall include, but not be limited to, industry group, revenues, operating income, growth rate, number of employees and location. The annual performance goals to be met (the "Annual Performance Goal") in order to earn portions or all of the bonus provided under the plan shall be determined through consultation between the Officer and the CompensationCompensation Committee. If requested by the Compensation Committee or Officer, the Company shall retain a reputable, nationally
(i) if Officer substantially achieves the Annual Performance Goal for such calendar year, officer Officer shall receive a cash bonus of at least fifty percent (50%) 45% of the Officer's Base Salary for such calendar year; and (ii) if Officer exceeds the Annual Performance Goal for such calendar year, Officer shall receive a cash bonus between fifty percent (50%) 45% and one hundred percent (100%) 90% of the Officer's Base Salary for such calendar year. If this Amended Agreement is terminated in the middle of a calendar year, Officer shall receive a cash bonus for services rendered through the Termination Date (as defined below) equal to the cash bonus he would have received for the entire calendar year, prorated pro rated through the Termination Date. All cash bonuses hereunder shall be paid to Officer within five (5) business days following the date the audited consolidated financial statements for the Company for the applicable calendar year become available.
Appears in 1 contract
Cash Bonus Plan. The Compensation Committee shall adopt a cash bonus plan designed to provide Officer an opportunity to earn annual cash bonuses during each calendar year during his employment which, when added to Officer's Base Salary, shall provide officer a level of compensation comparable to compensation generally prevailing for other chief executive officers of publicly traded companies which are comparable to the Company. The factors to be used to select which companies are comparable to that of the Company shall include, but not be limited to, industry group, revenues, operating income, growth rate, number of employees and location. The annual performance goals to be met (the, "ANNUAL PERFORMANCE GOAL") in order to earn portions or all of the bonus provided under the plan shall be determined through consultation between the Officer and the CompensationCompensation Committee. If requested by the Compensation Committee or Officer, the Company shall retain a reputable,
(i) if Officer substantially achieves the Annual Performance Goal for such calendar year, officer shall receive a cash bonus of at least fifty percent (50%) % of the Officer's Base Salary for such calendar year; and (ii) if Officer exceeds the Annual Performance Goal for such calendar year, Officer shall receive a cash bonus between fifty percent (50%) % and one hundred percent (100%) % of the Officer's Base Salary for such calendar year. If this Agreement is terminated in the middle of a calendar year, Officer shall receive a cash bonus for services rendered through the Termination Date (as defined below) equal to the cash bonus he would have received for the entire calendar year, prorated pro rated through the Termination Date. All cash bonuses hereunder shall be paid to Officer within five (5) business days following the date the audited consolidated financial statements for the Company for the applicable calendar year become available.
Appears in 1 contract
Samples: Employment Agreement (Pollution Research & Control Corp /Ca/)
Cash Bonus Plan. The Compensation Committee shall adopt a cash bonus plan designed to provide Officer an opportunity to earn annual cash bonuses during each calendar year during his employment which, when added to Officer's Base Salary, shall provide officer Officer a level of compensation comparable to compensation generally prevailing for other chief executive senior officers of publicly traded companies which are comparable to the Company. The factors to be used to select which companies are comparable to that of the Company shall include, but not be limited to, industry group, revenues, operating income, growth rate, number of employees and location. The annual performance goals to be met (the "Annual Performance Goal") in order to earn portions or all of the bonus provided under the plan shall be determined through consultation between the Officer and the CompensationCompensation Committee. If requested by the Compensation Committee or Officer, the Company shall retain a reputable, nationally recognized compensation
(i) if Officer substantially achieves the Annual Performance Goal for such calendar year, officer Officer shall receive a cash bonus of at least fifty percent (50%) 35% of the Officer's Base Salary for such calendar year; and (ii) if Officer exceeds the Annual Performance Goal for such calendar year, Officer shall receive a cash bonus between fifty percent (50%) 35% and one hundred percent (100%) 70% of the Officer's Base Salary for such calendar year. If this Amended Agreement is terminated in the middle of a calendar year, Officer shall receive a cash bonus for services rendered through the Termination Date (as defined below) equal to the cash bonus he would have received for the entire calendar year, prorated pro rated through the Termination Date. All cash bonuses hereunder shall be paid to Officer within five (5) business days following the date the audited consolidated financial statements for the Company for the applicable calendar year become available.
Appears in 1 contract
Cash Bonus Plan. The Compensation Committee shall --------------- adopt a cash bonus plan designed to provide Officer an opportunity to earn annual cash bonuses during each calendar year during his employment which, when added to Officer's Base Salary, shall provide officer Officer a level of compensation comparable to compensation generally prevailing for other chief executive senior officers of publicly traded companies which are comparable to the Company. The factors to be used to select which companies are comparable to that of the Company shall include, but not be limited to, industry group, revenues, operating income, growth rate, number of employees and location. The annual performance goals to be met (the "Annual Performance Goal") in order to earn portions or all of the bonus provided under the plan shall be determined through consultation between the Officer and the CompensationCompensation Committee. If requested by the Compensation Committee or Officer, the Company shall retain a reputable, nationally
(i) if Officer substantially achieves the Annual Performance Goal for such calendar year, officer Officer shall receive a cash bonus of at least fifty percent (50%) 45% of the Officer's Base Salary for such calendar year; and (ii) if Officer exceeds the Annual Performance Goal for such calendar year, Officer shall receive a cash bonus between fifty percent (50%) 45% and one hundred percent (100%) 90% of the Officer's Base Salary for such calendar year. If this Amended Agreement is terminated in the middle of a calendar year, Officer shall receive a cash bonus for services rendered through the Termination Date (as defined below) equal to the cash bonus he would have received for the entire calendar year, prorated pro rated through the Termination Date. All cash bonuses hereunder shall be paid to Officer within five (5) business days following the date the audited consolidated financial statements for the Company for the applicable calendar year become available.
Appears in 1 contract
Cash Bonus Plan. The Compensation Committee shall adopt a cash bonus plan designed to provide Officer an opportunity to earn annual cash bonuses during each calendar year during his employment which, when added to Officer's Base Salary, shall provide officer Officer a level of compensation comparable to compensation generally prevailing for other chief executive officers of publicly traded companies which are comparable to the Company. The factors to be used to select which companies are comparable to that of the Company shall include, but not be limited to, industry group, revenues, operating income, growth rate, number of employees and location. The annual performance goals to be met (the "Annual Performance Goal") in order to earn portions or all of the bonus provided under the plan shall be determined through consultation between the Officer and the CompensationCompensation Committee. if requested by the Compensation Committee or Officer, the Company shall retain a reputable, nationally
(i) if Officer substantially achieves the Annual Performance Goal for such calendar year, officer Officer shall receive a cash bonus of at least fifty percent (50%) % of the Officer's Base Salary for such calendar year; and (ii) if Officer exceeds the Annual Performance Goal for such calendar year, Officer shall receive a cash bonus between fifty percent (50%) % and one hundred percent (100%) % of the Officer's Base Salary for such calendar year. If this Amended Agreement is terminated in the middle of a calendar year, Officer shall receive a cash bonus for services rendered through the Termination Date (as defined below) equal to the cash bonus he would have received for the entire calendar year, prorated pro rated through the Termination Date. All cash bonuses hereunder shall be paid to Officer within five (5) business days following the date the audited consolidated financial statements for the Company for the applicable calendar year become available.
Appears in 1 contract
Cash Bonus Plan. The Compensation Committee shall --------------- adopt a cash bonus plan designed to provide Officer an opportunity to earn annual cash bonuses during each calendar year during his employment which, when added to Officer's Base Salary, shall provide officer Officer a level of compensation comparable to compensation generally prevailing for other chief executive senior officers of publicly traded companies which are comparable to the Company. The factors to be used to select which companies are comparable to that of the Company shall include, but not be limited to, industry group, revenues, operating income, growth rate, number of employees and location. The annual performance goals to be met (the "Annual Performance Goal") in order to earn portions or all of the bonus provided under the plan shall be determined through consultation between the Officer and the CompensationCompensation Committee. If requested by the Compensation Committee or Officer, the Company shall retain a reputable, nationally
(i) if Officer substantially achieves the Annual Performance Goal for such calendar year, officer Officer shall receive a cash bonus of at least fifty percent (50%) 35% of the Officer's Base Salary for such calendar year; and (ii) if Officer exceeds the Annual Performance Goal for such calendar year, Officer shall receive a cash bonus between fifty percent (50%) 35% and one hundred percent (100%) 70% of the Officer's Base Salary for such calendar year. If this Amended Agreement is terminated in the middle of a calendar year, Officer shall receive a cash bonus for services rendered through the Termination Date (as defined below) equal to the cash bonus he would have received for the entire calendar year, prorated pro rated through the Termination Date. All cash bonuses hereunder shall be paid to Officer within five (5) business days following the date the audited consolidated financial statements for the Company for the applicable calendar year become available.
Appears in 1 contract
Cash Bonus Plan. The Compensation Committee shall adopt a cash bonus --------------- plan designed to provide Officer an opportunity to earn annual cash bonuses during each calendar year during his employment which, when added to Officer's Base Salary, shall provide officer Officer a level of compensation comparable to compensation generally prevailing for other chief executive officers of publicly traded companies which are comparable to the Company. The factors to be used to select which companies are comparable to that of the Company shall include, but not be limited to, industry group, revenues, operating income, growth rate, number of employees and location. The annual performance goals to be met (the "Annual Performance Goal") in order to earn portions or all of the bonus provided under the plan shall be determined through consultation between the Officer and the CompensationCompensation Committee. If requested by the Compensation Committee or Officer, the Company shall retain a reputable, nationally
(i) if Officer substantially achieves the Annual Performance Goal for such calendar year, officer Officer shall receive a cash bonus of at least fifty percent (50%) % of the Officer's Base Salary for such calendar year; and (ii) if Officer exceeds the Annual Performance Goal for such calendar year, Officer shall receive a cash bonus between fifty percent (50%) % and one hundred percent (100%) % of the Officer's Base Salary for such calendar year. If this Amended Agreement is terminated in the middle of a calendar year, Officer shall receive a cash bonus for services rendered through the Termination Date (as defined below) equal to the cash bonus he would have received for the entire calendar year, prorated pro rated through the Termination Date. All cash bonuses hereunder shall be paid to Officer within five (5) business days following the date the audited consolidated financial statements for the Company for the applicable calendar year become available.
Appears in 1 contract