Incentive Bonus. As additional compensation for services rendered under this Agreement, the Compensation Committee may, in its sole discretion and without any obligation to do so, declare that Employee shall be entitled to an annual incentive bonus (whether payable in cash, stock, stock rights or other property) as the Compensation Committee shall determine. If any such bonus is declared, the bonus shall be payable in accordance with the terms prescribed by the Compensation Committee.
Appears in 15 contracts
Samples: Employment Agreement (Usld Communications Corp), Employment Agreement (Billing Information Concepts Corp), Employment Agreement (Ponder Industries Inc)
Incentive Bonus. As additional compensation for services rendered under this Agreement, the Compensation Committee may, in its sole discretion and without any obligation to do so, declare that Employee shall be entitled to an annual incentive bonus (whether payable in cash, stock, stock rights or other property) as the Compensation Committee shall determine. If any such bonus is declared, the bonus shall be payable in accordance with the terms prescribed by the Compensation Committee.. Should the Company change control, the Compensation Committee may consider a bonus to the Employee as part of a severance package
Appears in 3 contracts
Samples: Employment Agreement (Lakota Technologies Inc), Employment Agreement (Us Medical Systems Inc), Employment Agreement (Kunik Burton J)
Incentive Bonus. As additional compensation for services rendered under this Agreement, the Compensation Committee may, in its sole discretion and without any obligation to do so, declare that Employee shall be entitled to an annual incentive bonus (whether payable in cash, stock, stock rights or other property) as the Compensation Committee shall determine. If any such bonus is declared, the bonus shall be payable in accordance with the terms prescribed by the Compensation Committee. Should the Employer change control, the Compensation Committee may consider a bonus to the Employee as part of a severance package.
Appears in 2 contracts
Samples: Employment Agreement (Sharps Compliance Corp), Employment Agreement (Sharps Compliance Corp)
Incentive Bonus. As additional compensation for services rendered under this Agreement, the Compensation Committee may, in its sole discretion and without any obligation to do so, declare that Employee shall be entitled to an annual incentive bonus (whether payable in cash, stock, stock rights or other property) as the Compensation Committee shall determine. If any such bonus is declared, the bonus shall be payable in accordance with the terms prescribed by the Compensation Committee.. Should the Company change control, the Compensation Committee may consider a bonus to the Employee as par of a severance package
Appears in 1 contract
