Common use of Determination of Bonus Clause in Contracts

Determination of Bonus. The amount of Executive's bonus will be determined after the close of the Company's fiscal year and after the Company has received its audited financial statement for such fiscal year. To be eligible to receive a bonus, Executive must remain in employment with the Company throughout the entire fiscal year, except as provided in the Key Employee Plan. For the Company's 1999 fiscal year, the amount of such bonus shall not exceed thirty percent (30%) of Executive's then current salary.

Appears in 3 contracts

Samples: Key Employee Agreement (Peets Coffee & Tea Inc), Key Employee Agreement (Peets Coffee & Tea Inc), Key Employee Agreement (Peets Coffee & Tea Inc)

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Determination of Bonus. The amount of Executive's bonus will be determined after the close of the Company's fiscal year and after the Company has received its audited financial statement for such fiscal year. To be eligible to receive a bonus, Executive must remain in employment with the Company throughout the entire fiscal year, except as provided in the Key Employee Plan. For the Company's 1999 fiscal year, the amount of such bonus shall not exceed thirty percent (30%) of Executive's then current salary.

Appears in 2 contracts

Samples: Key Employee Agreement for Chairman (Peets Coffee & Tea Inc), Key Employee Agreement (Peets Coffee & Tea Inc)

Determination of Bonus. The amount of Executive's ’s bonus will be determined after the close of the Company's ’s fiscal year and after the Company has received its audited financial statement for such fiscal year. To be eligible to receive a bonus, Executive must remain in employment with the Company throughout the entire fiscal year, except as provided in the Key Employee Plan. For the Company's 1999 fiscal year, the amount of such bonus shall not exceed thirty percent (30%) of Executive's then current salary.

Appears in 2 contracts

Samples: Employment Agreement (Diedrich Coffee Inc), Employment Agreement (Diedrich Coffee Inc)

Determination of Bonus. The amount of Executive's bonus will be determined after the close of the Company's fiscal year and after the Company has received its audited financial statement for such fiscal year. To be eligible to receive a bonus, Executive must remain in employment with the Company throughout the entire fiscal year, except as provided in the Key Employee Plan. For the Company's 1999 fiscal year, the amount of such bonus shall not exceed thirty percent (30%) of Executive's then current salary.. (D)

Appears in 2 contracts

Samples: Key Employee Agreement (Peets Coffee & Tea Inc), Tea Key Employee Agreement (Peets Coffee & Tea Inc)

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Determination of Bonus. The amount of Executive's ’s bonus will be determined after the close of the Company's ’s fiscal year and after paid out in the Company has received its audited financial statement for such fiscal following year. To be eligible to receive a bonus, Executive must remain in employment with the Company throughout the entire fiscal year. Notwithstanding the foregoing, except as provided but subject to Section 2.3(c) below, in the Key Employee Plan. For the Company's 1999 fiscal yearevent that Executive is terminated without Cause, as a result of a Constructive Termination or in connection with a Change in Control, the amount of Executive’s bonus, if any, will be determined after the occurrence of such bonus shall not exceed thirty percent (30%) of Executive's then current salaryevent and will be paid to Executive promptly thereafter.

Appears in 1 contract

Samples: Executive Employment Agreement (La Jolla Pharmaceutical Co)

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