Common use of Company Performance Bonus Clause in Contracts

Company Performance Bonus. Each year during the Employment Period, in addition to the Base Salary, the Executive shall be eligible to earn a Company Performance Bonus (an “Annual Bonus”) equal to Ten Percent (10%) of the Executive’s Base Salary at the end of each calendar year. The Annual Bonus will only be payable if the aggregate amount of the Annual Bonuses to be paid to all executives does not exceed Twenty-Five Percent (25%) of the Company’s net profits for such calendar year. The Executive shall only be eligible to receive an Annual Bonus if he remains continuously employed by the Company through December 31 of the year in which the Annual Bonus was earned. Any Annual Bonus payable pursuant to this Section 3(b)(ii) shall be paid to the Executive in a single cash payment. The Company will make the Annual Bonus payment by March 15lh of the year following the year in which the bonus was earned, unless otherwise agreed by the Company and the Executive.

Company Performance Bonus. Each year during the Employment Period, in addition to the Base Salary, the Executive shall be eligible to earn a Company Performance Bonus (an “Annual Bonus”) equal to Ten Twenty-Five Percent (1025%) of the Executive’s Base Salary at the end of each calendar year. The Annual Bonus will only be payable if the aggregate amount of the Annual Bonuses to be paid to all executives does not exceed Twenty-Five Percent (25%) of the Company’s net profits for such calendar year. The Executive shall only be eligible to receive an Annual Bonus if he remains continuously employed by the Company through December 31 of the year in which the Annual Bonus was earned. Any Annual Bonus payable pursuant to this Section 3(b)(ii3(b) shall be paid to the Executive in a single cash payment. The Company will make the Annual Bonus payment by March 15lh 15th of the year following the year in which the bonus was earned, unless otherwise agreed to by the Company and the Executive.

Company Performance Bonus. Each year during the Employment Period, in addition to the Base Salary, the Executive shall be eligible to earn a Company Performance Bonus (an “Annual Bonus”) equal to Ten Twenty-Five Percent (1025%) of the Executive’s Base Salary at the end of each calendar year. The Annual Bonus will only be payable if the aggregate amount of the Annual Bonuses to be paid to all executives does not exceed Twenty-Five Percent (25%) of the Company’s net profits for such calendar year. The Executive shall only be eligible to receive an Annual Bonus if he remains continuously employed by the Company through December 31 of the year in which the Annual Bonus was earned. Any Annual Bonus payable pursuant to this Section 3(b)(ii) shall be paid to the Executive in a single cash payment. The Company will make the Annual Bonus payment by March 15lh 15th of the year following the year in which the bonus was earned, unless otherwise agreed by the Company and the Executive...