INCENTIVE CASH BONUS. (a) In addition to the Base Salary, the Company shall pay Executive an annual incentive cash bonus pursuant to the formula attached hereto as Schedule A and based upon the satisfaction of the revenue and EBITDA goals established under the fiscal 2004 budget attached hereto as Schedule B, adjusted for expenses incurred outside of the budget solely at the discretion of the Board and for all non-recurring expenses incurred outside of budget associated in any way with the relocation of the Company offices and data center facilities. Within 45 days following each fiscal quarter end or 90 days following the fiscal year end, as applicable, the Company will estimate the cumulative incentive cash bonus due to Executive for the fiscal year-to-date, less a reserve amount equal to 20% of such amount (the "Estimated Cumulative Incentive Cash Payment"), except for the fourth fiscal quarter whereupon no such reserve amount shall be deducted. On such date, the Company will pay to the Executive the Estimated Cumulative Incentive Cash Payment, less the total of all prior Estimated Cumulative Incentive Cash Payments made thus far for the fiscal year in question.
INCENTIVE CASH BONUS. The Company shall pay to the Executive's estate, within thirty (30) days of the Executive's death, the incentive cash bonus otherwise due Executive for the fiscal year during which the Date of Termination occurs, calculated in accordance with the provisions of Section 2.5.
INCENTIVE CASH BONUS. The Company shall pay to the Executive within ten (10) days of the Date of Termination an amount equal to 100% of the incentive cash bonus then owed to Executive on a pro rata basis for the fiscal year during which the Date of Termination occurs, calculated in accordance with the provisions of Section 2.5.
INCENTIVE CASH BONUS. Within sixty (60) days from the date of this Agreement, the Compensation Committee of the Board shall establish an incentive bonus plan providing Employee the opportunity to earn a cash bonus not to exceed Seventy-Five Thousand Dollars ($75,000) based upon Employee's achievement of specific goals concerning the financial performance of the Company during the Company's fiscal year as established by the Compensation Committee. The bonus, if payable, shall be paid to Employee within 90 days following the end of the fiscal year of the Company.
INCENTIVE CASH BONUS. Within seventy-five (75) days after the end of fiscal year 1999 of the Company, the Company shall pay Employee a cash bonus (the "Incentive Cash Bonus"), in an amount not to exceed Forty Thousand Dollars ($40,000), prorated for the portion of such fiscal year that Employee was employed by the Company, if, and only if, Employee achieves specific goals concerning the financial or other performance of the Company as established by the Board after consultation with the Employee within thirty (30) days from the date hereof. Within seventy-five (75) days after the end of each fiscal year thereafter, Company shall determine, and if appropriate, pay Employee an Incentive Cash Bonus, in an amount not to exceed Forty Thousand Dollars ($40,000), determined by and in the reasonably exercised discretion of the Board and based upon the Employee's achievement of specific goals concerning the financial or other performance of the Company for such fiscal year, previously established by the Board after consultation with the Employee. At least once every twelve (12) months the Board shall review the maximum amount of Employee's potential Incentive Cash Bonus and make such adjustments to such maximum amount thereof as it reasonably deems appropriate provided that such maximum amount shall not be reduced.
INCENTIVE CASH BONUS. Within seventy-five (75) days after the end of fiscal year 1999 of the Company, the Company shall pay Employee a cash bonus (the "Incentive Cash Bonus"), in an amount equal to twenty-five percent (25%) of Employee's Salary, if, and only if, Employee achieves each and every specific goal set forth on EXHIBIT A attached hereto by the date which corresponds to each such goal set forth thereon, subject to a ten (10) day grace period. Within seventy-five (75) days after the end of each fiscal year thereafter, Company shall determine, and if appropriate, pay Employee an Incentive Cash Bonus, in an amount not to exceed twenty-five (25%) of Employee's Salary, determined by and in the reasonably exercised discretion of the Board and based upon the Employee's achievement of specific goals concerning the financial or other performance of the Company for such fiscal year, previously established by the Board after consultation with the Employee.
INCENTIVE CASH BONUS. The Company shall pay Executive an annual incentive cash bonus pursuant to the formula attached hereto as Schedule A. Within 45 days following each fiscal quarter end, the Company will estimate the cumulative incentive cash bonus due to Executive for the fiscal year-to- date, less a reserve amount equal to 20% of such amount (the "Estimated Cumulative Incentive Cash Payment"), except for the fourth fiscal quarter whereupon no such reserve amount shall be deducted. Within 10 days thereafter, the Company will pay to the Executive the Estimated Cumulative Incentive Cash Payment, less the total of all prior Estimated Cumulative Incentive Cash Payments made thus far for the fiscal year in question. For any year that does not fall entirely within the term of employment, the bonus for that year shall be prorated according to the following formula: the bonus for that entire year, calculated according to the formula attached hereto as Schedule A, multiplied by a fraction, the numerator of which shall be the number of days in that year that fall within the term of employment and the denominator of which shall be 365. If Executive's employment be terminated at other than a fiscal year end, the Incentive Cash Bonus due to Executive shall be calculated by replacing the annual Plan amounts stipulated in Schedule A with the year-to-date Plan amount that corresponds to the month ended immediately preceding such date of termination (the Year-to-Date Plan) and comparing such Year-to-Date Plan to the Company's actual revenue and profitability performance, as stipulated in Schedule A, through the comparable month end immediately preceding such date of termination. The Executive need not be employed by the Corporation at the time of payment in order to receive any bonus to which the Executive is otherwise entitled pursuant to the terms of this Paragraph 3d.
INCENTIVE CASH BONUS. Bonus plan at Attachment 1.
INCENTIVE CASH BONUS. The Executive shall be entitled to receive an incentive cash bonus from the Company in accordance with the terms and provisions of a bonus program to be adopted by the Board (the "Executive Bonus Program"), which program shall provide a bonus opportunity of 50% of base salary, with the amount of such bonus to be based on objective criteria related to the Company's results of operations. No termination of this Agreement, other than upon a discharge for cause (as defined in Section 11.3) shall terminate the Executive's right to receive the incentive cash bonus earned up to the time of such termination. The incentive cash bonus that would otherwise be payable to the Executive under this Section 6, assuming the Executive had remained employed for the full calendar year in which the terminating event occurs, shall be multiplied by a fraction, the denominator of which is twelve (12) and the numerator of which is the number of full months of employment completed by the Executive during the calendar year in which the terminating event occurs. Such recalculated amount shall constitute the incentive cash bonus for the calendar year in which such terminating event occurs, and no further incentive cash bonus shall be paid hereunder for any subsequent calendar year.
INCENTIVE CASH BONUS. The Executive shall be entitled to receive an incentive cash bonus from the Company in accordance with the terms and provisions of the Company's bonus program (the "Executive Bonus Program"), which program shall provide the Executive a bonus opportunity of up to 50% of base salary, with the amount of such bonus to be based on objective criteria related to the Company's results of operations and the Board's evaluation of the Company's performance. No termination of this Agreement, other than upon a discharge for cause (as defined in Section 11.3) shall terminate the Executive's right to receive the incentive cash bonus earned up to the time of such termination. The incentive cash bonus that would otherwise be payable to the Executive under this Section 6, assuming the Executive had remained employed for the full calendar year in which the terminating event occurs, shall be multiplied by a fraction, the denominator of which is twelve (12) and the numerator of which is the number of full months of employment completed by the Executive during the calendar year in which the terminating event occurs. Such recalculated amount shall constitute the incentive cash bonus for the calendar year in which such terminating event occurs, and no further incentive cash bonus shall be paid hereunder for any subsequent calendar year.
