Common use of Cash Bonus Programs Clause in Contracts

Cash Bonus Programs. Executive shall participate in each cash bonus program maintained by Company on and after the Effective Date (including, without limitation, any such program maintained for the year during which the Effective Date occurs) at a level that is not less than the highest participation level made available to any Company executive (other than Company's Chief Executive Officer and Company's President); provided that Company shall at all times maintain Executive's annual cash bonus opportunity as a percentage of Executive's annual base salary in an amount that is at least as great as that in effect on the Effective Date (i.e., an annual cash bonus opportunity of 0%, if entry level goal is not met, and if entry level goal is met, between 50% and 150% of annual base salary, depending on achievement of entry, target and stretch goals).

Appears in 4 contracts

Samples: Employment Agreement (Continental Airlines Inc /De/), Employment Agreement (Continental Airlines Inc /De/), Employment Agreement (Continental Airlines Inc /De/)

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Cash Bonus Programs. Executive shall participate in each cash bonus program maintained by Company on and after the Effective Date (including, without limitation, any such program maintained for the year during which the Effective Date occurs) at a level that which is not less than the highest participation level made available to any Company executive (other than Company's Chief Executive Officer and Company's President); provided that Company shall at all times maintain Executive's annual cash bonus opportunity as a percentage of Executive's annual base salary in an amount that is at least as great as that in effect on the Effective Date (i.e., an annual cash bonus opportunity of 0%, if entry level goal is not met, and if entry level goal is met, between 50% and 150% of annual base salary, depending on achievement of entry, target and stretch goals).

Appears in 3 contracts

Samples: Employment Agreement (Continental Airlines Inc /De/), Employment Agreement (Continental Airlines Inc /De/), Employment Agreement (Continental Airlines Inc /De/)

Cash Bonus Programs. Executive shall participate in each cash bonus program maintained by Company on and after the Effective Date (including, without limitation, any such program maintained for the year during which the Effective Date occurs) at a level that is not less than the highest participation level made available to any Company executive (other than Company's Chief Executive Officer and Company's PresidentOfficer); provided that Company shall at all times maintain Executive's annual cash bonus opportunity as a percentage of Executive's his annual base salary in an amount that is at least as great as that in effect on the Effective Date (i.e., an annual cash bonus opportunity of 0%, if entry level goal is not met, and if entry level goal is met, between 50% and 150% of annual base salary, depending on achievement of entry, target and stretch goals).

Appears in 1 contract

Samples: Employment Agreement (Continental Airlines Inc /De/)

Cash Bonus Programs. Executive shall participate in each cash bonus program maintained by Company on and after the Effective Date April 9, 2004 (including, without limitation, any such program maintained for the year during which the Effective Date occurs2004) at a level that which is not less than the highest participation level made available to any Company executive (other than Company's Chief Executive Officer and Company's President); provided that Company shall at all times maintain Executive's annual cash bonus opportunity as a percentage of Executive's his annual base salary in an amount that is at least as great as that in effect on the Effective Date April 9, 2004 (i.e., an annual cash bonus opportunity of 0%, if entry level goal is not met, and if entry level goal is met, between 50% and 150% of annual base salary, depending on achievement of entry, target and stretch goals)."

Appears in 1 contract

Samples: Employment Agreement (Continental Airlines Inc /De/)

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Cash Bonus Programs. Executive shall participate in each cash bonus program maintained by Company on and after the Effective Date April 9, 2004 (including, without limitation, any such program maintained for the year during which the Effective Date occurs2004) at a level that which is not less than the highest participation level made available to any Company executive (other than Company's Chief Executive Officer and Company's President)executive; provided that Company shall at all times maintain Executive's annual cash bonus opportunity as a percentage of Executive's his annual base salary in an amount that is at least as great as that in effect on the Effective Date April 9, 2004 (i.e., an annual cash bonus opportunity of 0%, if entry level goal is not met, and if entry level goal is met, between 50% and 150% of annual base salary, depending on achievement of entry, target and stretch goals)."

Appears in 1 contract

Samples: Employment Agreement (Continental Airlines Inc /De/)

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