Common use of Incentive Bonus Plan Clause in Contracts

Incentive Bonus Plan. For 1998 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum bonus in the amount of 35% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.

Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998During the Term of this Agreement (as defined below), TSI shall pay to Employee a guaranteed minimum bonus in the amount of 3525% of the base salary (being a total of $31,250 per year) payable annually at the time bonuses are paid. TSI contemplates that the maximum bonus for which Employee may be eligible will be 50% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.

Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 75% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.

Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 50% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.

Incentive Bonus Plan. For 1998 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 50% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.

Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall it is TSI's intent to develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 100% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.

Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall it is TSI's intent to develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 50% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.

Incentive Bonus Plan. For 1998 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum The maximum bonus in the amount of 35for which Employee may be eligible will be 50% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.

Incentive Bonus Plan. For 1998 1997 and subsequent years, TSI shall develop, as soon as practicable after the Effective Date, a written Incentive Bonus Plan setting forth the criteria and performance standards under which Employee and other officers and key employees will be eligible to receive year-end bonus awards. For services rendered in 1998, TSI shall pay a guaranteed minimum contemplates that the maximum bonus in the amount of 35for which Employee may be eligible will be 100% of Employee's base salary, payable at the time that bonuses for 1998 are paid to other officers and key employees.