Common use of Cash Bonus Clause in Contracts

Cash Bonus. Employee will continue to be eligible to receive cash bonuses pursuant to the Company's Executive Compensation Plan (the "Executive Compensation Plan"); provided, however, that Company may not reduce Employee's target bonus amount (represented as a percentage of base salary) from that in effect as of the date hereof or as may be increased from time to time. In the event that Company amends or terminates the Executive Compensation Plan, Company shall provide Employee with an annual cash bonus program that will provide him with an opportunity to realize an annual cash bonus which is not less than the target bonus amount (represented as a percentage of base salary) that exists under the Executive Compensation Plan at the time it is amended or terminated, which opportunity shall be reasonably comparable to Employee's opportunity under the Executive Compensation Plan as of the date hereof.

Appears in 5 contracts

Samples: Executive Employment Agreement (Duratek Inc), Executive Employment Agreement (Duratek Inc), Executive Employment Agreement (Duratek Inc)

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Cash Bonus. Employee will continue to be eligible to receive cash bonuses pursuant to the Company's ’s Executive Compensation Plan (the "Executive Compensation Plan"); provided, however, that Company may not reduce Employee's ’s target bonus amount (represented as a percentage of base salary) from that in effect as of the date hereof June 3, 2002 or as may be increased from time to time. In the event that Company amends or terminates the Executive Compensation Plan, Company shall provide Employee with an annual cash bonus program that will provide him with an opportunity to realize an annual cash bonus which is not less than the target bonus amount (represented as a percentage of base salary) that exists under the Executive Compensation Plan at the time it is amended or terminated, which opportunity shall be reasonably comparable to Employee's ’s opportunity under the Executive Compensation Plan as of the date hereofJune 3, 2002.

Appears in 2 contracts

Samples: Executive Employment Agreement (Duratek Inc), Executive Employment Agreement (Duratek Inc)

Cash Bonus. Employee will continue to be eligible to receive cash bonuses pursuant to the Company's Executive ’s Key Leader Compensation Plan (the "Executive “Key Leader Compensation Plan"); provided, however, that Company may not reduce Employee's ’s target bonus amount (represented as a percentage of base salary) from that in effect as of the date hereof or as may be increased from time to time. In the event that Company amends or terminates the Executive Key Leader Compensation Plan, Company shall provide Employee with an annual cash bonus program that will provide him with an opportunity to realize an annual cash bonus which is not less than the target bonus amount (represented as a percentage of base salary) that exists under the Executive Key Leader Compensation Plan at the time it is amended or terminated, which opportunity shall be reasonably comparable to Employee's ’s opportunity under the Executive Key Leader Compensation Plan as of the date hereof.

Appears in 1 contract

Samples: Executive Employment Agreement (Duratek Inc)

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Cash Bonus. Employee will continue to be eligible to receive cash bonuses pursuant to the Company's ’s Executive Compensation Plan (the "Executive Compensation Plan"); provided, however, that Company may not reduce Employee's ’s target bonus amount (represented as a percentage of base salary) from that in effect as of the date hereof or as may be increased from time to time. In the event that Company amends or terminates the Executive Compensation Plan, Company shall provide Employee with an annual cash bonus program that will provide him with an opportunity to realize an annual cash bonus which is not less than the target bonus amount (represented as a percentage of base salary) that exists under the Executive Compensation Plan at the time it is amended or terminated, which opportunity shall be reasonably comparable to Employee's ’s opportunity under the Executive Compensation Plan as of the date hereof.

Appears in 1 contract

Samples: Executive Employment Agreement (Duratek Inc)

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