Common use of Hitch Bonus Clause in Contracts

Hitch Bonus. During employment with the Company under this Agreement, the Employee shall be entitled to a monthly “hitch bonus” of $60.00 per “floor” produced by the Company during each month of the Term of this Agreement (the “Hitch Bonus”) (which such amount shall include floors manufactured at any facility or plant manufacturing manufactured or mobile homes, including the proposed Sulligent location). A single wide trailer shall be deemed to have one “floor” and a double-wide trailer shall be deemed to have two “floors.” The Hitch Bonus shall be paid to the Employee on or before the fifteenth day after the month that the Hitch Bonus was earned. The Employee must be employed by the Company at the end of the month in order to be eligible to receive a Hitch Bonus.

Appears in 1 contract

Samples: Employment Agreement (Deer Valley Corp)

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Hitch Bonus. During employment with the Company Employer under this Agreement, the Employee shall be entitled to a monthly “hitch bonus” of $60.00 50 per “floor” produced by the Company during each month of the Term of this Agreement (the “Hitch Bonus”) (which such amount shall include floors manufactured at any facility or plant manufacturing manufactured or mobile homes, including the proposed Sulligent location). A single wide trailer shall be deemed to have one “floor” and a double-wide trailer shall be deemed to have two “floors.” The Hitch Bonus shall be paid to the Employee on or before the fifteenth day after the month that the Hitch Bonus was earned. The Employee must be employed by the Company Employer at the end of the month in order to be eligible to receive a Hitch Bonus.

Appears in 1 contract

Samples: Employment Agreement (Deer Valley Corp)

Hitch Bonus. During employment with the Company under this Agreement, the Employee shall be entitled to a monthly “hitch bonus” of $60.00 33.33 per “floor” produced by the Company during each month of the Term of this Agreement (the “Hitch Bonus”) (which such amount shall include floors manufactured at any facility or plant manufacturing manufactured or mobile homes, including the proposed Sulligent location). A single wide trailer shall be deemed to have one “floor” and a double-wide trailer shall be deemed to have two “floors.” The Hitch Bonus shall be paid to the Employee on or before the fifteenth day after the month that the Hitch Bonus was earned. The Employee must be employed by the Company at the end of the month in order to be eligible to receive a Hitch Bonus.

Appears in 1 contract

Samples: Employment Agreement (Deer Valley Corp)

Hitch Bonus. During employment with the Company under this Agreement, the Employee shall be entitled to a monthly “hitch bonus” of $60.00 35.00 per “floor” produced by the Company during each month of the Term of this Agreement (the “Hitch Bonus”) (which such amount shall include floors manufactured at any facility or plant manufacturing manufactured or mobile homes, including the proposed Sulligent location). A single wide trailer shall be deemed to have one “floor” and a double-wide trailer shall be deemed to have two “floors.” The Hitch Bonus shall be paid to the Employee on or before the fifteenth day after the month that the Hitch Bonus was earned. The Employee must be employed by the Company at the end of the month in order to be eligible to receive a Hitch Bonus.

Appears in 1 contract

Samples: Employment Agreement (Deer Valley Corp)

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Hitch Bonus. During employment with the Company Employer under this Agreement, the Employee shall be entitled to a monthly “hitch bonus” of $60.00 60 per “floor” produced by the Company during each month of the Term of this Agreement (the “Hitch Bonus”) (which such amount shall include floors manufactured at any facility or plant manufacturing manufactured or mobile homes, including the proposed Sulligent location). A single wide trailer shall be deemed to have one “floor” and a double-wide trailer shall be deemed to have two “floors.” The Hitch Bonus shall be paid to the Employee on or before the fifteenth day after the month that the Hitch Bonus was earned. The Employee must be employed by the Company Employer at the end of the month in order to be eligible to receive a Hitch Bonus.

Appears in 1 contract

Samples: Employment Agreement (Deer Valley Corp)

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