Fixed Bonus. During the Term, the Executive will be entitled to receive a fixed bonus of $12,500 for each incremental achievement of $250,000 in overall revenues earned by the Company during any monthly period during the Term provided that the minimum revenues are $500,000 or more per month.
Fixed Bonus. The Corporation shall pay to Executive a bonus in respect of the Corporation's fiscal year ending June 30, 2000 in an amount determined by multiplying $200,000 times the number of days between the Commencement Date and June 30, 2000 and dividing the result by 365, and a bonus of $200,000 in respect of each subsequent full fiscal year during the Term, provided that Executive remains continuously employed by the Corporation from the Commencement Date through the end of such fiscal year. Each such bonus (a "Fixed Bonus") shall be paid within 30 days after the end of the fiscal year in which it is earned. Commencing with the fiscal quarter ending September 30, 2000, if requested by Executive, the Corporation shall advance to Executive, on the last business day of each fiscal quarter, an amount equal to 12.5% of his Fixed Bonus for the fiscal year in which such fiscal quarter ends. Such advance shall be without interest and shall be retained by Executive and applied against his Fixed Bonus if Executive remains employed through the end of that fiscal year. Such advance shall bear interest at the rate of 8% per annum from the date of the advance if Executive's employment terminates prior to the end of such fiscal year, and shall be immediately due and payable by Executive to the Corporation on the date of such termination. Any amounts due from Executive to the Corporation may be offset by the Corporation against any amounts due to Executive by the Corporation.
Fixed Bonus. Within sixty (60) days after the end of the ----------- fiscal year of the Company or on the first regular payroll period of the Company following such date, the Board of Directors of the Company shall pay or cause to be paid to Employee an annual bonus, of Twenty-Five Thousand Dollars ($25,000), or a prorated portion of such amount for the fiscal years ending 1999 and 2004 (the "Fixed Bonus").
Fixed Bonus. (i) In the first pay period 24 months after the date of lodgement, a Fixed Bonus will be added to the Annualised Aggregate Wage of each classification covered by this Agreement.
(ii) The Fixed Bonus is $2,000.
Fixed Bonus. (i) In addition to the bonus payable pursuant to Section 4(b), the Employee shall receive additional fixed bonus amounts as follows: 8/1/00 8/1/01 8/1/02 8/1/03 8/1/04 $80,000 $80,000 $80,000 $80,000 $80,000 The fixed bonus amounts payable pursuant to this Section 4(e), are conditioned upon the Employee's continued employment with the Company on the respective Payable Date; provided, however, that upon the occurrence of any of the following events, the remaining bonus amounts will be accelerated and become payable within thirty days thereafter: (A) a Change in Control (as defined below) of the Company's parent, inTEST Corporation ("inTEST"); (B) the Employee's death or disability; or (C) the termination of the Employee's employment by Temptronic without cause as provided in this Agreement.
(ii) Change of Control" shall be deemed to have occurred upon the earliest to occur of the following events:
(A) The date the stockholders of inTEST (or the Board of Directors, if stockholder action is not required) approve a plan or other arrangement pursuant to which inTEST will be dissolved or liquidated;
(B) The date the stockholders of inTEST (or the Board of Directors, if stockholder action is not required) approve a definitive agreement to sell or otherwise dispose of all or substantially all of the assets of inTEST;
(C) The date the stockholders of inTEST (or the Board of Directors, if stockholder action is not required) and the stockholders of the other constituent corporation (or its board of directors if stockholder action is not required) have approved a definitive agreement to merge or consolidate inTEST with or into such other corporation, other than, in either case, a merger or consolidation of inTEST in which holders of shares of the Common Stock of inTEST immediately prior to the merger or consolidation will hold at least a majority of the ownership of common stock of the surviving corporation (and, if one class of common stock is not the only class of voting securities entitled to vote on the election of directors of the surviving corporation, a majority of the voting power of the surviving corporation's voting securities) immediately after the merger or consolidation, which common stock (and, if applicable, voting securities) is to be held in substantially the same proportion as such holders' ownership of the Common Stock of inTEST immediately before the merger or consolidation; or
(D) the date any entity, person or group (within the meaning of Section...
Fixed Bonus. DPL shall receive (i) a cash bonus of $250,000, including the $50,000 paid in July 2004 and $75,000 paid in January 2005, with the remaining $125,000 to be earned as of August 1, 2005 and paid on or before August 31, 2005. In addition, DPL shall receive a share bonus of 200,000,000 shares of ACT's restricted common stock contemporaneously with the execution of this Agreement. All shares shall be fully vested upon issuance.
Fixed Bonus. Consultant shall be eligible to receive an annual bonus payment of 149,500 NIS on October 31, 2020.
