COMPENSATION-INCENTIVE Clause Samples

COMPENSATION-INCENTIVE. (a) The base compensation for each year of this Agreement, including any extensions to this Agreement, shall be subject to an additional increase, based upon performance as determined by the Board of Directors. This additional increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. (b) COMPENSATION - STOCK INCENTIVE: Pacel desires to recognize the importance of attaining certain milestones for the company's continued operation and success. Accordingly, the following stock-option incentives have been allocated pending achievement of these goals: (not in any particular order)

COMPENSATION-INCENTIVE. (a) After the end of each calendar year, the Board of Directors of EMPLOYER shall determine the net income before federal and state income taxes of EMPLOYEE's SBU for such prior year. The calculation of such net income shall consolidate all revenue components of the SBU. The calculation of the costs and expenses of the SBU shall be (i) those costs and expenses over which EMPLOYEE has control, (ii) budgeted costs directly attributable to the SBU, and (iii) costs and expenses not under the control of EMPLOYER but which are components of gross margin. The SBU will not be charged overhead factors not directly related executive salaries and benefits, SEC/NASD than allocated accounting and professional SBU related items. (b) Examples of costs and expenses underwith general corporate to such SBU, such as compliance costs (other fees), and similar non-your control are: (i) contractor services (independent representatives) for outside sales (ii) salaries, wages, commissions, and benefits for all sales managers and staff members (iii) travel and entertainment expenses incurred by sales managers and staff members (iv) salaries, wages, and benefits for all non-sales SBU staff and employees (e.g., SBU secretary) (c) Examples of budgeted costs directly attributable to your SBU are: (i) allocated rent, telephone, fax, express delivery, and other office and communication expenses (with the allocation to be based upon actual utilization by the SBU) (ii) allocated or incurred professional expenses, including quarterly accounting and annual audit, (with the allocation to be based upon actual utilization by the SBU) (iii) allocated salaries, wages, and benefits for all shared employees (e.g., a receptionist) (with the allocation to be based upon actual utilization by the SBU) (iv) EMPLOYEE's salary and benefits (d) Examples of costs not under the control of EMPLOYER but which are components for determination of gross margin are:. (i) cost of carrier services (ii) carrier usage charges (iii) monthly access service charges (iv) carrier penalties (v) miscellaneous carrier charges (vi) network management (e) EMPLOYEE shall receive a bonus equal to twelve and one-half percent (12.5%) of the amount by which such net income exceeds Four Hundred Thousand Dollars ($400,000). (f) Any bonus awarded hereunder shall be paid at such time or times, in such amounts or installments, as the Board of Directors may determine, provided, however, that such bonus shall be paid within three (3) mont...

COMPENSATION-INCENTIVE. Delete Section Section 30. Recruitment (New Section) The City and the POA recognize a shared interest in improving recruitment of police officers. In support of that shared interest, the parties will work together during the term of the contract to develop strategies to recruit both new and lateral officers.

COMPENSATION-INCENTIVE. (a) The base compensation for each year of this Agreement, including any extensions to this Agreement, shall be subject to a retroactive increase, based upon an earnings per share formula (earnings of NISCO d▇▇▇▇▇d by actual common shares of NISCO i▇▇▇▇▇ and outstanding at December 31 of each year, and not fully diluted) as follows: Profits Per Increase as a Common Share Percent of Base Compensation $.00 - $.10 5% $.11 - $.20 10% $.21 - $.30 20% $.31 - $.40 30% $.41 - $.50 40% $.51 - $.60 50% $.61 - $.70 70% $.71 - $.80 90% $.81 - $.90 110% $.91 - $1.00 130% over $1.00 150% This retroactive increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. The calculation shall be made based upon the annual audit of NISCO's ▇▇▇▇▇▇ial statements and shall be paid in equal amounts for the balance of the then current year on the regular paydays, commencing with the first payday following release of the audit. Any retroactive increase shall not affect the base compensation for subsequent calculations. It is a separate adjustment from any other adjustment under any other plan. (b) The increase in compensation shall be payable in the year following the year for which the calculation is made, but shall be deemed earned by DEBELLA'▇▇ ▇▇forts during the prior year. Such increase shall be vested as of December 31 of the year for which the calculation is being made, regardless of the completion of this Agreement. Accordingly, for example, payment thereof shall be made following the termination of this Agreement whether or not NISCO ▇▇▇▇▇ds DEBELLA'▇▇ ▇▇ployment for that succeeding year during which the payments are made. Payment shall be made over the balance of the payroll dates of such payment year.

COMPENSATION-INCENTIVE. The base compensation for each year of this Agreement, including any extensions to this Agreement, shall be subject to a retroactive increase, based upon an earnings per share formula (earnings of NEWCO divided by actual common shares of EMPLOYEEs public company parent issued and outstanding at December 3 of each year, and not fully diluted) as follows: 2 Profits Per Increase as a Common Share Percent of Base Compensatin $.00 - $.10 5% $.11 - $.20 10% $.21 - $.30 20% $.31 - $.40 30% $.41 - $,50 40% $.51 - S.60 50% $.61 - S.70 70% $.71 - $.80 90% S.81 - $.90 110% S.91 - $1.00 130% over S.1.00 150% This retroactive increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. The calculation will be made based upon the annual audit of EMPLOYERS financial statements and shall be paid in equal amounts for the balance of the then current- year on the regular paydays, commencing with the first payday following release of the audit. Any retroactive increase "I not affect the base compensation for subsequent calculations It is a separate adjustment from any other adjustment under any other plan.

COMPENSATION-INCENTIVE. (a) The base compensation for each year of this Agreement, including any extensions, shall be subject to a retroactive increase, based upon an earnings per share formula (earnings of EMPLOYER divided by actual common shares of EMPLOYER issued and outstanding at September 30 of each year, and not fully diluted), commencing with the fiscal year ended December 31, 2009, as follows: * “Profits” means ordinary income and/or capital gains resulting from on-going business operations, including extraordinary gains or proceeds resulting from a sale (spin-off) of a subsidiary. This retroactive increase, if any should occur, is not a bonus but a merit adjustment to the base compensation. The calculation shall be made based upon the annual audit of EMPLOYER's financial statements for the fiscal year ended December 31 and shall be paid in equal monthly amounts on the first day of the next succeeding twelve (12) months commencing with the first day of the month following release of the audited financial statements. Any retroactive increase shall not affect the base compensation for subsequent calculations. It is a separate adjustment from any other adjustment under any other plan. (b) The increase in compensation shall be payable in the year following the year for which the calculation is made, but shall be deemed earned by EMPLOYEE's efforts during the prior year. Such increase shall be vested as of December 31 of the year for which the calculation is being made, regardless of the subsequent termination or completion of this Agreement. Accordingly, payment thereof shall be made whether or not EMPLOYER remains employed during the year in which the payments are made.